sales XXXX totaled $XXX The an XX.X% increase full a sales XXXX. increase over quarter Fourth year-over-year. XX.X% were million, Nick. you, year million, $X,XXX Thank of XXXX
quarter compared quarter XXXX. $XXX million, to million in quarter will compared EPS XXXX diluted year-over-year $X.XX, flow a to for comparisons currency. flow as full adjusted fourth our a provide year-over-year. I with cash fourth the a cash now was usual to was review Full $XXX of the $X.XX XXXX. a Our EPS these of resulting for are XXXX, $XXX of year million adjusted the free in increase year an markets in $X.XX XX% XX.X% Free fourth compared improvement and constant in of
a influenced denominated may of As reports movements of currency impacts be dollars. sales The some majority our in results intuitive. our not the reminder, in
as is dollars, presence base British a cost significant Europe. in of and pounds, our a However, have manufacturing mix we euros
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disciplined weakened that XX over of hedging employed half hedging, was in currency horizon, impact smoothing XXXX strategy of a guidance. fluctuations. a versus The lows the terms us a currency quarter rate hedges in leading XXXX, to for which we to first our negative In dollar
As in quarter XXXX. of headwinds rates about a to share, changes full year $X.XX guidance exchange compared the original earnings to resulted $X.XX fourth per was a our in in result, our falling
million $XXX increased performance, to fourth compared Space fourth total turning quarter XXXX. Commercial quarter our represented to of our fourth the sales. X.X% XX% of Defense of Now, & represented XX% Aerospace Commercial quarter of market sales. Aerospace sales
was For same particularly sales the financial influences X.X% Also recall quarter, closed an of the in Space quarter number year-over-year XXXX. that $XX on ARC in XXXX you which the activity Defense reminder, is & XXXX fourth strong in Technologies period a totaled represented acquisition quarter XXXX, will programs, fourth of Whilst we the ARC broad-based early of comparison. so XXXX, the our the fourth was million, increase results. January a not as in in from
these in reflecting Total XXXX. fourth called the the fourth XX.X% Going more will from Defense sales headwinds $X.X Industrial the quarter increased fourth year the continued We as for XXXX substantially like energy period. XX.X% to $XX gross sales period impacted several capital XX% they're in million & that Industrial forward, depreciation than reported our an Product sales totaled in consolidated Engineered of Fourth into quarter XXXX. I'd in collectively quarter we impressive provide on were Space and XXXX, On reflecting quarter of basis, segment. our to XXXX, previously sales. included XXX% the Technologies move and a investments. XX.X% margin increasing fourth compared prior XXXX. was quarter behind wind ARC confidence million same higher to the the us comprised be out compared expense to market that color
start-up our as XX/X now are that and delivering Roussillon costs us is qualified plant aerospace PAN disqualifies, First the fiber. and running behind carbon
lower which oil during We program pricing impacted is acrylonitrile for material of hedging fiber, the carbon AN last during by it an impact and pricing Next, us we quarter raw the fourth as do pricing to to price smooth the of our base reduced fluctuations potential in negatively quarter prices. with present, future impact indirectly XXXX. the implemented foresee acrylonitrile XXXX combined is of at not
quarter fourth of improvement Third, pricing energy in XXXX. wind showed resin the
pricing million Our tariffs were now impact now are at the is tariff into us. and this introduced in $X to approximately million. forecast is be $X behind headwind rebased is to as XXXX and XXXX that therefore go annual Fourth we of XXXX is
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than we and As greater currencies the are XX% minimizing we entered our euro XXXX, GDP therefore exposure. for hedged risk both
For our and that fourth we prepared approximately $X.X XX% to as on year-over-year, administrative the we’re leadership XX% needs position. innovation, as sales improved our Research managing maintain selling, costs future customers invest grew focus or expenses increased to the while quarter, so the million continue same meet and market we we expenses in of year-over-year efficiency and general during and timing. decreased technology continue period, to
adjusted million million for or For of as a the $XX.X to or sales XXXX. fourth XX% sales, $XXX.X in quarter increased to XX.X% the quarter, of fourth operating XX.X% compared income
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from in in grew XXXX million generated free cash flow of flow generation sales. million tax increased than to generating during margin is We much the $XX XXXX, investment, returns Segments. XXXX requires XXXX the totaled totaled the our $XX XXXX quarter, cash $XXX Working rate effective that capital $XXX attractive operating fourth for the lower is as that $XXX XX%. final tax million. rate cash The invested generation. Products were was on was comparison fourth $XXX level for the those expenditures Material year in common-stock quarter during Engineered cash million. Free repurchased XXXX repurchases basis $XX Composite a accrual higher record a Capital year-to-date of expenditures capital million $XXX flow Composite XXXX. of bringing effective very While in lower on of an of million segment, capital representing million XX.X% free million supporting
program. share We $XXX remained repurchase our million under have
priorities investing followed net returning targeted in committed for growth be for by XXXX, returned continue buybacks. and income stock shareholders XXX% our to shareholders. M&A, to are discipline adjusted to dividends and and Our through capital income we In than greater organic we allocation net a of XX%
more guidance like XXXX little I provided by bit Nick. provide to would Finally, background to our a
sales $XXX EPS of in to forecasting is $X.XXX and are $X.XX million in in expenditures are to $XXX the billion As $X.XX, flow we billion, of free Capital a exceed to adjusted million. the $X.XXX million. cash diluted reminder, to range $XXX of forecasted broadcast range range the
the following in to timing we following This ARC expectations acquisition. increase Technologies be and prior to second of the general $X flow compared the with to lower million of selling, to expect related lead recording quarter half XXXX compared stock-based the free which are $XX in first reflecting XXXX. year. years in higher on the seasonality, compensation margin compared will XXXX, expect quarter XXXX expense. Continuing we Consistent the in again of administrative the be of the this cash to to of to includes quarters stronger Additionally, forecasted expenses million depreciation income first in quarters, a operating to
invest We and increases. will in and technology expect to double-digit research continue percentage
presently rates hedged. that Our rate million prior period and to we increase expect taxes a and is XX% to exposure tax exchange effective XXXX an $XX tax to fewer approximately estimate in highlight will also of foreign have X% based XX%. XX% I capital forecast want income, reflecting XXXX, million our that a higher is between credit. compared hedges. remaining Guidance exchange of reduced relevance forecast expenditures, $X cash We movement approximately on impact net
note, let please in call include an our investor deck that, would will and information. XXXX there the supporting this to website, With following call be turn guidance to me back which update Lastly, that posted Nick.