joining us Thank Well, for thank good afternoon, today. you, you Erica. and
the foundation we've our business future conclude growth. strengthen I'd to to our and year, moment for strides transform made we reflect a to fiscal like take on our As
specific proud I'm all and has operating amid XX significant a our even last secular streamlining We've the made in over of on across months, progress -- cash accomplished. a team operations, what back downturn. flow segments, Looking emphasis with optimizing our operating business positive strong delivering our
year XX% revenue adjusted compared overall fiscal was year in down $X.X $X fiscal of year-over-year million we to EBITDA million delivered XXXX, 'XX. profit While in
we to to this market Contributing operational reductions this our dynamics and efficient adjustments, translated comprehensive annualized existing plan, more making savings, These more have result of organizational mitigate efforts earlier which the a year, included business restructuring implemented $X both enabling effectively. us enhancements. million operating and into cost
this consumable from to surged sales As just X%. and the investing our initiative unprofitable we took a portfolio more part profitable of consumables and in the in products shift off the by product by business. our exiting has at paid business PR despite action equipment This early legacy year-over-year XXXX, revenue Hoffman, at streamline overall of PR XX% Hoffman as growing growth of strategic
accelerated a with business, shift model, combining capabilities. production with hybrid decline a demand in-house manufacturing BTU our we've our equipment, for Within to outsourced in sharp
initiative enhance fiscal this above million ongoing, remain these $X to times, expenditures, the chain, flexibility. to have million capital has reduce in our discussed. of by supply manage $X our strengthening we savings the middle and while approximately we efforts additional allowed cost to a addition In previously perspective, From next the realize expect us savings operational lead year, operational
our Combined, pricing in we despite excess working EBITDA strategically debt with operations and to efforts Most cash our end are the balance in past market, adjusted positive capital in adjusted of XXXX several continued the maintain core the on profitability. to of a improve our across escalating over response optimizing to our costs helping the in to Beyond while ensure year faced business weakness we $XX maintaining offerings, off our years, our managed and our we protect reduce we pay input focused million. margins the of business competitiveness.
As much cyclical of reoccurring driving growth. and with growth consumables, providing on revenue attention XXXX streams these focusing the are such revenue performance strengthen parts streams, our more higher begin ahead year, will We long-term sustainable now we our our we revenue as in with fiscal believe financial by margins services. years less
To of in focus, we invested marketing and accelerate leadership growth recently in business these areas the both resources.
business we year, fiscal serve. to markets our close with we as our align better segments have addition, we In renamed the
now an solutions our parts device fabrication thermal semiconductor growing for business, data the consumables with solutions semiconductor equipment for to packaging and AI focus offerings grow known semiconductor that parts service Our previously our applications business, wafer & businesses. processing will and on emphasis and advanced segment capital support segment services and Meanwhile, formerly will centers our Substrates Materials as on on fabrication. on continuing focus
infrastructure. AI Market in challenges segments demand are not that persist associated with semiconductor
XXXX parts did results headwinds demand equipment a even recovery market remains with to broad in when for some could we not areas strong weak experience but the in business were and that well with broader positioned strong demand headwinds, overcome associated Our Timing services very infrastructure. not consumables recovers. deliver growth uncertain, and market operating in but are from the AI
sheet, reduce progress our our our profitable operations, markets recover. more of are strategic the made this growth ourselves strengthen set we Through quite and conclusion, actions as year. up costs to we've balance and In for optimize sustainable we've proud
current ongoing transformation although and we optimistic meaningful challenging, capitalizing on revenue that infrastructure value. to with high macro accelerate capital reoccurring our will emerging We and create we the on AI so focused invested current now are drive on returns -- is To are opportunities the environment improvement growth deliver profitable margin in can streams expanding macroeconomic our fully shareholder growth. the
for I'll results. details that, to it With further our on turn Wade over financial