Page going joining everybody. materials. much, morning. very to and X good number you Gerben, the of there's Thanks, I'm my morning, of start Appreciate this us recognize releases on a comments
by strong really second in a exceeded quarter thanks the Hubbell own the performance You expectations, contributions Electrical segment. can from see to our
market targeted the of form and in front. verticals cost as think productivity as strong they came growth on execution well good I in the
is of of all organic X X acquired and number. a billion. $X.XX which X% So X% comprised That points that's turning sales, points net to sales, X% at growth priced to is and
different X Just effected earlier closed that had we of to remind that were from minus Lighting X% this deals from acquisitions divestiture from last everybody, Residential headwind we had the and year. X% we year, contribution
benefits and growth, these on the reshaping businesses. add into So margin minus see impact lower X% front been margin result the Independent segment think to X% to our lower plus get on portfolio and netting enterprise of when exit X% we from from I businesses it's higher-margin some you'll beneficial volumes, to growth, M&A. of and pages, the higher
And from program. that I dividends acquisition we're getting think
points had in Turning to talk margins. a finish a OP showing those expansion about improving big by in Utility see in year performance both performance the to was productivity which we Electrical, year-over-year, quite and you as operating basis margins, of driven really important favorable on pages. execution. The improvement operationally, XX.X% good XX keep story price/cost, of couple sequential in we'll quarter-over-quarter profit segments margin
success improvement some productivity with the of having some and last realization in We're inside we this investments made year, pricing the year. resulting factories
$X.XX to So good the side. performance per adjusted share, Earnings on X% EPS. growth PCP
increase we an above, interest to X% up growth. in aligns and OP contribution which X% had earnings So expense,
On the million hit side, track for target $XXX here halfway point of our flow the to on free million year. cash $XXX at
bigger Day, how get much and remind that bigger Hubbell XXXX of period, better are Turning back the that take one was us And which being these important off Investor and to to improvement base about graphs thought at and I XXXX. and Page months takeaways X-year visual which the for X. there I last back we what from grow better. remind lens improve Investor Hubbell's and X.X the to of of was wanted we the in Day Day, to was in take advantage us now going really to described pull of and of basically, ourselves even Investor performance and most
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everybody, grow higher growth base, and in XX% 'XX we had In much sales, remind off annual continue compound X%. to of a of to sales we that 'XX, rate
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I of that wanted how really illustrate off point we're growing performance improved So just that to level.
-- to the the with by halves X, to we'll with And story segment, million. let's and are I'm here, X and start the sales, the performance up unpack really and to start Page to Utility going the segment. sales there's which XX% similar $XXX grid start OP units automation, the contributed quarter double shape had X comprised infrastructure first with acquisitions entirely the Those slightly. both growth to grid the down growth. digits and sales are comprised we a in almost sales is And the of organic where
provider closed and To on utility unpack really integrated start. is control attractive grid let's that left So it's margin I'm growing Sales substations, and infrastructure we've solutions and for in of being unit. up December. Business of first the that's really the XX%, the we everyone the businesses. is doing page are lower levels. driven systems kind at an remind that acquisition for well since added by
that Telecom driven sales, some digit, in the at So and the that's by driving the is first down talked length we about quarter. market the organic end mid-single acquisition
And the down XX%. are to first results that very quarter similar
the the starting and bottom think we're some second sometimes start to And X over feel look I last to to compares there, half. we'll slightly forward the I in think easier from is taken has on the quarters, our and that which margins. distribution of what's performance market of picture somewhat Telecom and organically away core in expanding going transmission the business, growing
miles substation transmission there, this project has and healthy side of construction the of as been in year very both well very, really new see grid robust involving as strength the things. We So interconnections. activity
pole the It's navigate not T&D some of we continue from typically significant -- more on customer but a line hardware are shelves in areas that destocking. particular And T&D, On have distribution to that enough we to stock. side have end and growing, still to to headwinds headwind. through in continue prevent like
So the that the to grade let's bottom. unit pivot automation from at top unit grid infrastructure
to conversion growth and and part to of we up AMI, grid. resulting in at which strength in demand, continues sales controls backlog, X%. organic more a resilient is there see protection double You up comms and And meters digits, grid and the continue be have smarter
about X. side which important a the to really of of I is page, I margins right Page talk on the So part think want
So the margins first from XXX basis those quarter importantly, points. are up sequentially,
QX. QX nice to execution from very So
an X% You in $XXX increase see to million. dollars of
decline in You see XX%. a year-over-year margin XX.X% from to
you important of the the of X basically, the entire drivers them decrementals is headwinds. which Telecom the on which And drop. essentially volume the most on the of The right part of explains are lower page, see
year's last being levels drag at In was increased on restructuring happens addition our that, to level control the margins. slightly. which systems investments, margin attractive acquisition be a to And below I mentioned we
So of it bit a creates little headwind.
restructuring good second basically sets the productivity in a the fact price/cost that us think, so and we acquisition is And both for up effects, importantly offsetting margins. Utility half
segment So I'm by really products driven data have to about Sales solutions targeted The are and QX. suite are basis helping to and there. Electrical X% you in note products well centers obviously, and while and our north performance to going and a margins a XX% rapidly. we of X expanded see with the One, team was continue good most strong markets, in Page our And notably fit Two XXX segment. really that And grew our connectors by markets that Electrical vertical of is, of renewables. growth things grounding primarily the growing talk turned level. customers. organically, of points couple like
there, development actually of that's approximately sales. small growth. easier us rates And so makes the lot a business These incremental are significant, product towards relatively we've which we the assists and XX% are made And of both us. competing comprising strides to us, helping segment collectively we because for growth But some businesses they're cross-selling, do driving the think think with.
verticals, markets in Industrial though, the think solid. in the markets, I particular, Beyond solid are shape.
side, is last We importantly, for Electrical of steady. pretty us through think And navigating were on we've destocking this exited really the we year. period that non-res
XX% expansion and side, growth to margin XXX to points XX.X%. you $XXX the million about On see basis
biggest lighting think this we been And to business. the margin points sales over story. in that, XX reduced added I in one segment, but the resi there we has effects the of by the disposition basis of the absence of X%
and good vertical incremental favorability, in return highly have price the in rates destocking volumes and to absence price of with particular, we the business, drop-throughs renewables. good and attractive stick And as have addition data cost markets post of realization productivity. center on we In productivity, that
in collectively You our heard efficiencies this compete Day continued Investor about and talk leader to strong segment. drive to here performance looking and looking Mark's forward of this Mark Mikes, at segment
With to of a couple of want Gerben on that, I focus to to it back areas turn growth.
