ahead In trade the joining for Brian, the you and to MTS, everyone. call the that review slightly virus. share our quarter, in new context, outlook this the Brian the for new events this you, and the of ask our deals a I'll road companies the signing view outbreak and are fear associated I full-year. light on then I'd recent We of in good the with format quarter to our I'll of for this appreciate ranging world, change from this morning, thought the call Thank morning. us optimism
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and China believe Phase weeks. U.S. signing have outlook side, this influence could year? I reduced stemming positive what the So the very risk for On the orders in MCA of we deal from trade trade with tensions this since recent positive the
customers level continued enabling that government in lowered China, particularly long-term laboratories, positive the for has with university future. This planning tension the such those are as our owned,
we stimulate some addition, efficiency and initiatives Europe This believe spending all to in with In China positive for the gain and new traction services growth beginning new economic MTS. on initiatives. are products, to increased is
downside the into the many now in the see spread is coronavirus, population however, do, We to which centers around economic risk the world. a potential countries number China of because growing for unknown of impact
particularly Our of primary and the in employees, located concern well-being is, on China. those foremost, our first and health
the time steps them are by issued guidance and this the world. and and experts have assist with take We to of health whatever will around continue comply uncertainty necessary the to to governments in
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we're of with the markets R&D, strategic agreements our our announce business. expands Test Simulation important On certain which to provides Danish access to & to to acquire another of technology call the portfolio the I very for MTS over before final and note, entities Brian, a pleased the engineering execution turn firm
second With the in agreement financial of XXXX, R&D for is quarter execution no included which of beginning the were January our quarter, first results. results this XX, near the on
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will With both of the of R&D addition value worldwide. materials aerospace, high-performance rich these we wind and bring the enhance and technologies in portfolio structures greatly to the to MTS the testing history MTS' markets in can status
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investments R&D excellent currently to minimal. working strong in million which as expenditures million and are annualized generate margins, free delivers performance $XX $XX new operating cash capital capital have in revenue and
million XXXX, will first anticipate transaction $XX incremental We be excluding the R&D most in occurred costs, to acquired which revenue earnings, fiscal in over neutral of our but fiscal in quarter. entities contribute
will Test R&D to be margins. accretive However, operating we expect immediately & Simulation
Now our I'll turn discuss to outlook our first full-year. the over quarter for call results Brian the to Brian? and
