million in and $XX.X to our adjusted exceeded that $X.X you revenue million first guidance of with joining pleased us I'm report afternoon, today. quarter and Good for thank our results EBITDA.
profitability muted improve the remained year-over-year to underscores and million. EBITDA basis focus excellence softness adjusted revenue continued performance operational on to a on year-over-year $X.X due continued optimization. our with This by ongoing our in While serve, we markets cost increasing
business cost significant and Over the progress improve These our our year, efficiency have enhance adapt to demand. our we ability made restructuring efforts tangible delivering to to past market results. are
Our cost savings date, fiscal excluding restructuring end million second expected annualized costs, annualized generate the the by initiatives onetime in and yielded over have $X approximately of in $X to million are savings quarter. to
to strengthened our of to The well operating market production capital adoption leverage our for has transition further by demand. varying with reduce support efficiently has equipment costs. enabling organization of semi-fabless and us a segment positioned model fixed us rightsize This levels the
our the pressures shipped the of enhance Additionally, business over margin the quarters, past product backlog. price, pricing offset end lower we actions to second implemented majority the we the in margin quarter, and profile. of By our inflationary several will have low
profitability. remain will adjust vigilant as we preserve forward, to necessary Going pricing and
as such mature muted to Turning semiconductor equipment for industrial markets. and for equipment consumables automotive. markets end production supporting our remains and Demand node
However, demand to infrastructure such leading-edge equipment for strengthen. AI applications our in as reflow has continued
to optimizing are we initiatives have a backdrop, growth the in cost remains customers. in our XXXX aligned given While our priority, investing macro organization and serve structure better our
device services parts Solutions the as clarity wafer refined as quarter, and Fabrication to our business fabrication. end, known previously Hoffman Entrepix semiconductor PR some front-end Materials as business includes have we well consumables for greater discussed and Semiconductor and focus. capital and last IDI Substrates segment & The equipment as that To segments we and used provide
device on formerly as advanced electronic assembly production well surface-mount as for Semiconductor segment applications business, Meanwhile, reflow the furnaces for focuses Thermal power and equipment chip and the Solutions packaging. Process packaging
footprint goal higher our and to but only business, reoccurring provide Semiconductor growth is These not predictable, also consumables, at revenue less we and services. with as long-term the actively customers, additional cyclical existing revenue to parts new streams our expanding are customers. Fabrication introduce pursuing sites sustainable of broaden margins streams opportunities unlock products To achieve revenue drive Solutions the new growth. are more this, deliver opportunities working such by to Within to more our
for to leveraging address we our Additionally, applications. are proven other solutions similar challenges
as new these To and development dedicated marketing adding by leader a deep Fabrication expanded Solutions support we our knowledge. industry business our with application team resources business initiatives, Semiconductor well for have as
Although the near-term are environment macro remains future. soft, confident our about we
profits navigate cycles, have ability efforts generate restructuring while scales. industry strengthened unlocking leverage as to enabling downturns business us Our during to our operating significant
long-term forward, diversification AI-related are drivers recovery expected the supply infrastructure remain our chain Investments capital a drive in equipment and Looking to demand. growth in robust.
for our we will double-digit expectations carbide have still EV which to While demand for silicon in expansion growth consumables. fuel segment, anticipate moderated, continue this related
services offerings Meanwhile, believe and will stability. sustained packaging and improved In industry our for to in margins the long-term consumables, higher well strategic our dynamics equipment ahead. the we we growing medium a growing growth Together, initiatives term, provide and demand. focus years creation expect these advanced is parts providing in and value us tailwind on momentum capital position
on financial With turn for that, it to details results. I'll over Wade our further
