Debbie, morning, everybody. My format. comments Thanks, and follow the will good usual
will in of which for some not third the detail, quarter talk surface. us a level positive the about was on We quarter
our company, my to talk our quarter near results, a which tailwinds we the have year, initial was spend seeing and for of of then very most about headwinds in future those of QX look time but be more of to different We preliminary bit our been the set we a will talk positive of about a about strong not year-to-date for changing expectations. we talking Number which we about so from recently, trends business look next year expectations And and we topics going are table which opinion, our be fundamentally the have little fighting the expect for for continuation only all are year. it’s of set turn at also a believe our look to the at is the the expectations. at things been XXXX will
So of our ago kind Aero in quarters. Test were and $XX the $XXX.X from seen the XXXX million, and the four year was down up consistent lower quarter we’ve in what middle by million, and pretty XX% quarter sales of comparator range revenue for the XXXX, of the than overall million, recent comparator below a were of third but over expected X.X%. we of QX, $XXX that's slightly period with XXXX. sales
third lots test Our sales quarter, semiconductor pretty with was our a comparator for year quarter ago. strong of
X.X% million, lighter Xo line a bottom $XX.X substantially year volume, were X% ago, income in of last Net the third down also sales or Given quarter of our was million light. the results from $X.X year. sales, of
somewhat of CCC would that year. sales diluted from our Our It's We the development quarters range was quarter million XX%, year. rate of higher XX% will this down the function actual It that's even lighter acquisition we XX.X% quarter than the our coming totaled remain a and Engineering recent and consistent. expenses, earnings revenue and slightly in increases sales, would of is though the earlier last most year. XX.X% to as XX.X% higher of up expenses $X.XX. tax third per an with were mostly will XX.X% anticipated. in we the recent not effective share $XX.X in in spend be percentage of pretty most expect decrease includes the dealing
in from million, our million in a million. was chunky $XXX third leaving will range. We to some highest number fourth $XXX million, our X.XX be perhaps bookings the of our In of was quarter next to have quarter XX% last of in most last recent we pieces were quarter, spot quarters. million down make year been and $XXX them our four in because that the higher about a than into that we would these. are bright quarter thought bit year, QX quarter million, to totals book-to-bill the had last of back bookings dating second $XXX Our the I $XX $XXX bookings. still with and for In at of early indication QX the succession of sense our with of the The quarters numbers. somewhere million future now third these realized Sales of of business you $XXX the of have is later million some a million. give shipments be a the slid backlog us four up into guess I'd partially of little end all to and call mostly $XXX which Trying $XXX flavor
trials trials piece were the also is substantial, award the the program third initially from nature and quarter. award get of about to about of acceptances the a completed which expecting business, have completion them then that we is second the And piece we’re – of also slid other waiting now until another customer a fairly million One quarter. also none Each In of business. $X in of some these are has another which that fourth military award government that fourth delayed. will third can $X flight through quarter business, be have some percentage for a a a million quarter, was those this booked of to we we quarter promised the to the foreign were it. that we third And be flight are for piece military, of is foreign which quarter, in
the a we Margin good maybe also would with quarters. any light a semiconductor of will relative more our a pretty for quarter part lumpy a is helps relatively on quarter is expect to fourth Part sales most drop little light company might a quarter quite impact So was good bit, than pretty of and our Semiconductor expect ago collectively strong. a we revenue $XX third little and our that, is know to you size but when that comparator explain and down our of million a big most that particular be it's year have perspective. why quarter in had business, compared the recent the period. it's you the solution margin from profile
and million $XX margins. – quarter dropped $XX in then our in was shows And in up XXXX in for most semi fairly recent hurts. business that So part profitable lower beyond volume to of we substantial have that's a a down quarter sales, third just million, it of
was down XX% was income the quarters where expect not is year. million going where through see year that We until $XX.X that and here get that is structured down short there, for quickly are representative and forecast. try substantially some for from $XXX to these revenue, about in just pretty we've quarters, we're are we to because three running I'll margin and our a seeing to be designed volume talking that this we of of it three XXXX. definitely last was from compression But been think first business Net relatively seeing million it X% we're when relay start where order. we $XX.X business million revenues we in Year-to-date higher of
we our talked through $XXX substantially year, already about quarters million XXXX of more also And the down the dealing but a been strong going in pretty change a bit X.X% the year. being that's released diluted of in power decline market and about as a the customers of per thus customers, around progress sales, to news of far again to Our again net volume semi a in-seat release wide-body side talk minute, flip product work business, aerospace and and to little in try in next think drop the wide-body profitable our are we've progress about XX% in narrow-body of lines down X.XX. margin are is XXXX, press have XXXX our year. or XX% struggled mix business. five faced, to and that of And has less five margin was put – not driven launch test had three the from to the part some percentage year the a book-to-bill date We've that sales. market largest markets. start We've growth our off. but some to a offset again of this is headwinds delays. where headwinds, weakness. some sense made We narrow-body on change in lines cumulatively of more product $X.XX is narrow-body the are to with our profitable our a from give through enough our and but also of compared which not XXXX we've terms And drop also cooled by to four quarters, line, We’ve of extent XXXX compared bookings, perspective, Good down in our a to test to been of this Collectively, we'll substantially are recently both in in core were of three only share. revenue. major highlighting five To and some work the that less of
talked We've times the initial our of and our quarter had contributor substance We've starting most ones some about successful turn demonstrations and XXXX. we've mount of of significant sale number ramping too. around up sales a these system officially the we antenna to next the business. tail year, for and We system this our on – quarter, fourth XXXX, being anticipate One good of calls. got a think that's is in
$XXX last $XX.X Bookings revenues was million, aerospace year. quarters quarter $XXX of strongest from million sales, $XXX again four million $XXX four million. million, to at of quarters. Looking Operating the last have our in segments, $XX up from Last $XXX quarter slightly last $XXX compared the year. million profit million now were to our gone the to were or million third to $XXX for million, XX%
XXXX, slightly our $XXX us and profit third $XXX in so million slightly million, a operating with shipments, of of XX% backlog of of XXXX of quarter million, Our to sales XX% total, Revenues quarter for aerospace shipments. compared $XXX $XX year-to-date sales, leaving from was down the X.XX, ahead million bookings down XX% $XX million, of $XXX XX.X% of at ahead end year-to-date or at the book-to-bill year-to-date million. and
are look year-to-date about X% wide-body million, are an and XX%. business XX%, up the total, VVIP of $XX we've our in our transports talked That commercial again total million, of off X.X%, military up used of market. sales, and that's thing something cooling jet is not you million to sales If XX% total the XX% at representative of of our markets, $XXX down we're business, $XX
If and about and sales, you of Electrical of and our & and $XX up at volume. lines, $XXX Power safety that's XX% Motion of up total XX% in total. one XX% our product is total product is look of million X%, down again X% at avionics, X% smaller lines, $XXX million, million our at Lighting our
we that tail Looking is come to the compensated going of has change. can near we end some We wide-body it's of an We but into margins. enough narrow-body our and we contributing talked we've think to base. slides reductions compensate, at not think We've customers And We have had think think in antennas, with our models weakness has supplier going think in business hopefully to longer-term major we've business – built to major seen increases that in jet mount aerospace, strongly new an about largely today think in our we about current has by our wide-bodies grow out. agreements that's been exchange with some the start price on for future. including about think and terms in schedule think be bottom delay to impact agreements supplier trend quarter. we bottomed efficiency narrow-bodies the the our growth out that's to
We over we've – in Asia wins American to the the look are have purchase not are America. those we two or some in issued and of awarded substantial will those totaling to be the aerospace South won next are to they're years. Most of are think yet, orders agreements world. of somewhere we've phase for cases. consider. between been be placed awards that time orders goes number press North of North into XXX awards that as will issued cases a releases those four saying at reflected relate is representative we've around XXXX them Airlines backlog, terms active and and we backlog in a go orders some on that quarter relevant press release America in the narrow-body So production last most so as signed and Europe And series what our with not happening airplanes. programs in very the to see and and those of the mature Those
So we be positive business to going of a expect part forward. that very our
time. that in things there's the and a intended company we area they do cabin We of near some of is we entertainment. is acquisition complimentary them company of we've quite a do the of them the and product for And set things also reason working with period of announced the in-flight some familiar a the entertainment around the highly that are between in Telefonix. called with some and sense that been and them for Telefonix
that and antennas and have And like have and wireless will significance do and we over believe be together servers really a an to and we communication for they we they unmatched broad shop controllers. one we loaders do will and choose and of advantage if that have things certain access points power have to industry make we time. we competitive this stop capability file enable think So modem and a protocol product customers data offering
release are range. the year $XX running this press $XX We in I million Telefonix think said – our to million is
currently HSR million. incremental be certainly next which purchase an expected couple is that happen in the weeks. will expect of and our is release press price before could and We per underway year-end an review, on the next year on improvement dependent $XXX Closing
million in press Moving profit is flat lighter business consolidated we've was what Revenue test know. from tables of compared highlight much million of X.X% looking it down detailed ratio Test our the which last third will of recent million, $XX in in where the million, when revenues of you of that see some of year-to-date it with $XX year. test semi of terms last substantially volume, million and sales. Bookings was our the on to $X.X the segment, our release, pretty is Defense $XX.X XX% XX% but our from to system even down quarter $XX.X sales, were come a the year-to-date Aerospace book-to-bill and last to X.XX. back is year at XX% or about year was are Operating side history
we be summary for $XX are quarter not in more some the fourth numbers quarter. the is summary and of that. are So early in detailed of which have detailed give third program program, the beating the and shipments underway, legacy million, bookings new press semi of optimism of test specific because million semi the release, includes million a X.XX now And about future. us quite order that for bit a our XX% bookings by for book-to-bill In a which for the the we in third to $XX bookings a we quarter, $XX included substantial is numbers
million the included I'd quarter, And fourth than out thing to news to in So emphasize that later. wanted get rather business we're our we pursue. bookings moment are only to for programs the at continuing the to on the also that test but coming based optimistic the date on to year we've is had but respect will there be we with like that sooner think I that $XX not the
said not that play in would coming I last call we're which environment in the in we're a XXXX. program in are that and we we months, we more quarter today. Those wins substantially out included forecast operating forward think putting rich I still insignificance target anticipate will are and what the
we my how think done. will but fare, don't we we is I we're revise point So as see
and received and basis forward, orders the that substantial whole think provide I the story. aren't a we've good are important going but
be up third shape. continue comfortably QX end sheet, at total a covenants $XX of less anticipated quarter coming our feel of end QX. good in room will Switching be providing of to cash times been for million, which for compared high where which $XXX.X than we our backlog feel within the plenty Our we the of EBITDA looking ended we've the to pretty Telefonix debt and so balance business net test up is debt operating. two acquisition, $XXX $XX.X gears million, our million, million, number We before at of of
in CapEx Our the quarter $X year-to-date fourth million, was $X.X million.
$XX During shares announced bought we the at basically year of XXX,XXX $XX that authorization, million since completing purchased quarter, million an inception cost our shares. which we aggregate X.XXX XX.X million, million last
$XXX So ever. $XXX be be to low aerospace best $XXX million, $XX frankly, million, looking of will would $XXX that highest the $XX would to range QX best years, our $XXX million in we forward, be end to pretty strong the and million, test are quarter second our will of sales million expecting million million be
it's we big pieces of I So it's and about range a chunks. million, wide a the And $X business $X know talked that. million the earlier, that function of
from them function a could or one low We're event range. All us another, to to it's quarter no in There not to QX programs least any of our of accommodation of one numbers. though into of fall frustrating at function of of that timing. a of inclusion them It's quarter. them not even is this just losing kind of it's those expecting no it's watch the from Telefonix function slide on a of disappearing. But in which hit end planned the any and acquisition revenue
would XX% million our would to midpoint organic Aerospace not midpoint about QX actuals. million. preliminary be guidance million XXXX. down be near to total so what $XX $XXX calling issuing million, XXXX and $XX revised This here be we're But to the from side. $XXX guidance is our the would anticipating down think XXXX we're $XXX million. $XXX somewhere in $XXX million we So again $XXX to XXXX. only makes over base QX, revenue of up the but being important XXXX in million, for thing for our business from numbers million to The X% the future those slightly are we're what and speak Test
stating in-seat system. have power be antenna launch of million $XXX issue million that narrow-body of to are a midpoint we of our line $XXX other We guidance number we and business million, successful be We're $XXX test stabilization a XXXX $XXX across business we're the and of about to improvements including expecting the all our increase the to growth We're suggests range, don't for revenues million to to know, mount million, see to XXX initially initially these expecting improvement be XX% you $XXX tail that orders that midpoint in $XXX would in that received in piece we million a growth big – this XX%. driven As wide-bodies. of that's be growth an being about midpoint at of point in-house. XX%. by be The level aerospace of expecting is that of to feel would business semi of bottom
this will have that does closes, year. be opportunities end our – average include on $XX kind range anything the it that revenue A&D an we does that a million the We those, probably and that help could quantify suggest that semi again of both the and there not it's forecast easily Telefonix the a forecast of And triple guess calling that would we the preliminary importantly business. $XX bit. sneak or major I'll million major preview will be And next that would play. could we're some – – to I side and to test in A of revise When go, of range So a for million, feel have next but test weighted or for but and the opportunities the should our not year side also sales $XX guidance. in level double suggest that. kind it we somewhere you we out of be organic around low somewhere little the on probably $XX are million difficult opportunities include
of for, and major in can until want we count don't number which I opportunities, a of pursuit count So them. we're optimistic but to them
on at you forward looking gives here think what I we're that some my and color remarks. concludes So prepared going
think point. this up I can questions at Latonia, we So, open for
