on Thanks, everybody. a Page basis the quarters Gerben. and us disruptions the highlighted. of X% and your see slides, sequential out up profit But XX to Operating here both sales and Gerben a points. to that see for X% XX%, good was demand, starting good growth second smoothing you is X news pickup from the in XX of chain of experienced represents hopefully the had you really morning, supply Welcome QX. down about but contraction which good quarter also next the in that sound. of we And I’m
execution by I that team. think very to ballpark, managing successful XX%, detrimental the operating
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our revealing is segment of essential Power and the our performance decline with people’s partially helping installed important the effective a price footprint and the Really really being $XX driven a relationships we You cost Aclara. the profit the legacy offset strong really see Page on disaggregate one lives. margins, decline, Solutions base, million as in turned strong or decrementals franchise, strong segment. high-quality XX% our It XX.X% about to to management well and side, components to Utility by Systems X, customers, as brands, of large OP was to which by lower volumes will a switch see operating by rationalization. the between powering strength point customers
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income reduced capital capital with This has working receivables The So inventory, essentially contributor cash is sourced. needs. to largest the is also lower investing. performance very replacing been support healthy but flow to working management
March through, worked to constrain pandemic as the inventories. rolling we of April we So saw starting conditions in hard, and very the
it turn, closely, support and cash helps support flow, paid during we lower expense. is customers, strategy. but continued had deployment back earnings, our little that mentioned the helped And I really debt, in we our line have We which, item bit capital and a free manage to service interest of
was that we used to acquire So term loan the Aclara. that
that paid now. entirely So off is
a quarter. small are have very also of acquisitions two that One high-margin happy that antennas second, a better and We wireless inside in which wireless described, performance of inside called Systems, product add. networks. was line Gerben are better of as the you here close post closed to world October and product Power Tex, of we connectivity Excel line enclosures is which And makes and work the creating detailed see the on
cellular building is application improve of distributed you common through have that antenna inside maybe to all reception heard So a systems about.
have of authority, as look have make go at stock. even end they X but do acquisitions, saw and we So to there week, has growth, dividend hope, X%, by chance in how debt the toward going you also, to so. seen maybe XX, tilting program about we deployment I’m our the lot distribution. that next to a the I have us performed the for near and to year repurchase basement. very o’clock will they of of that acquire Certainly, our leaning to But to over And that, at of year share Page and in in Sites course business. increase the high those we reauthorized of high-margin we the at have demand think capital XXX XXX to during acquisitions our in for a investments own business million. exposure probably at still a our our there, we to good on Aclara inside got the Electrical happy an the pie how last house fits we course I’m have I model authority forward. payback, markets be annual not of to also and course, or are and but activity gas the that business, is similar some start
a is explosion continuing devices, be business And upstream proof growing. to of sell restricted base. we into having oil The weak so off that low prevented from access that
the little between side be componentry and distinguish On where assist would bit side, locomotive inside steel of industrial mills or as we the production applications heavier to examples. a
little be lighter We of resilience for so have clear a the Resi year. on soft, is the side space. that industrial seen area of more quite the strength
more used spending more seeing spent in. to in people bit them I space homes are think their making as to enjoyable live home quite time have rental than they that and much doing a of
end place a for non-res, lighting, well retail And channels. spending both our So to seen orders, and in big and much have stronger contraction see the demand as Resi noon going box example, as outlook distribution e-commerce put through solid see But are continue and remaining are you in really we we the cautious I near-term to has Utility four the And around as that think drivers helping us. space, components. past year. there on transmission really really
got trend here to demand really The that is upgrade. the needs being transmission towards secular is proving to aged users leaning have where infrastructure miles to get We modernization to causing wind knitted for harvested that where to and are. renewables solar be on an requires is That need. or that
I infrastructure environmental quite to is think are can we that allows maintain are that on well, detection an on from to And the of their automation, data fault that efficiently able some major products. and ice It located, clearing become or the important successfully. increased and reclosers all an you hurricane to that grids. maintenance running in more networks. interact their demand as utilities to really seems storm that been be communication fire, is savings fourth of these is for the hardening as or everything collection it meter data they which very way to to and are is the impacts, grid, reading faults where utilities, and on depending driver environment is And profound impacts a in repair important in whether have environmental exposed in placing
those so be environment. prove that secular are think And have I we through to growth drivers powering seen pandemic the
to that discussion with was markets, I hand our So end of it back going to Gerben.
