and Debbie, good Thanks, morning, everybody.
to the We’re answer for second the expectations our do through usual. year and then review as of do and our of quarter and questions results talking of including going the rest normal routine the
second quarter. for So, highlights the the
We strong You topline revenues. consolidated this was morning. our Company. saw the It had performance numbers a record for
years quarter. Our first line, or the three performance its so, Aerospace what and tripling did record quarter segment in top best almost turned on our in the in another had Test segment it sequentially
sales $XXX midpoint forecast, With recovered from finally, the ended about volume improvement. on And where our target up at calls remain quarter, for year. about the from the which strong by performance, million, driven again topline our margins last XX% XXXX largely first well we of we consolidated our for
details diving of second the into quarter. the So,
new as Telefonix Acquisitions, first XX% in of $XX comparative all-time contributed and revenue million strong said, of a of year XX% higher million That XXXX. our the specifically a quarter about from at $XXX I our period than about $XX high, was ago is Specifically, million. up about growth.
out you quarter was about the in if inclined So, acquisition back find organic growth will to growth, XX%. you’re the
and time margins up X.X% from in our $X.X a that said the of that million conversation fair kind confirms talked year quarter we results income over of -- in, comparator have sales, period. responded As another the Company over second million, in marginally volume. bit for quarter. a results think million sized I mentioned, first substantially the that And that call. revenue, quarter quarter about the and year Test at XXXX. the up the set of We up a XX% first our period of comparator the had revenue lot to we at recap with but for about of million, net quarter of the second X.X% Margins $XX doubling $XX higher quarter ago quarter the is of briefly, now in record tripling a thesis. increased we about gets nicely second was of first of sales And ago credit benefit our We Aerospace $XXX with volume.
in or about higher $X.X We expected. second million to the side. million; that our had but $X of -- second much as about losses on of some of $X.X Aerospace did easy much as million, the expected Test about quarter. in in experience substantially. side, in see in have we quarter With dropped some we challenged our purchase we though reduced of came in drops from most our the the quarter That first the not up our volume, made progress and as to might where quarter It’s as operating accounting kind frankly expenses not We had margins $X.X million progress, operations the I legal hoped. expense as collective to first
number rest and further second that second year. about that XX% last over compares expect the to year. diluted $X.XX improvement of per in the earnings in In had the of We the quarter share we quarter,
$XXX Finally, bookings the was of from million. That’s off Aerospace in but with were couple very slightly solid by pace quarters of last X.X historical and norms X.XX. at our the book-to-bill a the still book-to-bill strong business, the
And is get So, little one shipments. big that we knows multiple it even bookings, Test think are are tends if orders Test -- business think bit of be a about lower you at in our record but up lumpier with periods. to was delivered that shipments, our tends everybody of even that way be because keeping bookings our quite bit lumpy to to terms a X.XX. to tend over
So, lumpy bookings. shipments, lumpier but
too a we So, about don’t in get book-to-bill of X.XX quarter. any alarmed Test particular
the good second of consolidated up that at the second million. a for really end Our half. $XXX backlog sets us We quarter was think
Year-to-date that minute. Revenue, up We Acquisitions XX% a last $XXX million. $XX results. million, about talk $XXX in will about from more year. million consolidated, contributed
bit started we the year, just this strongest $XX.X $X.XX be year. sales. to One in low going strengthen. continue was That’s trend. observation about XX% year down the XXXX smaller, is with for X.X% and side margins Net quarter the and We would We the to from last profile $XX.X forward first is million, the per our think diluted which the opposite share the I throughout last going dropped on that we’re So, the started year. year in put income first to We X.X%. half first in $X.XX like of quite a [Ph] growth had million organic year-to-date versus XXXX. half was margin
pretty the year-to-date forward this end to point those of are dramatically comparisons So, XXXX. going through from flip going
we of of X.XX, months the On a X.XX. equal through has of positive Aerospace had shipments. just million. to through booking six months, the side, That’s book-to-bill almost $XXX bookings book-to-bill exactly consolidated six
X.XX. of is book-to-bill So, little showing bookings bit. a shipments are leading Test
the period, in operating million quarters, specifically, but comparator second to backlog second rest our the we’ve $XX.X XX% our quite of $XXX where million. the XX%. The the and million, were of little and bit the of for the Bookings Aerospace drop of year-to-date a we ending expect profit to of million, X.XX highest a second in a book-to-bill been quarter up still segments. of or ever, where Turning in over again, That’s with $XXX go among year. the adequate previous revenues segment, quarter of $XXX strong X.XX, quarter through to book-to-bill
of referring press million, Looking the as through bookings X.X% in the over Revenues this of numbers with we’re expect $XX in Operating to profit the stronger of where year. some again, first are those $XXX and months. charts second that’s half the our there total book-to-bill bit half to That’s $XXX first going the second XX% numbers a sales. million we little half We were consolidated million at of flip release. year-to-date of of about up XX% to have hanging down of through year. we our from last XXXX. had X.XX, And a a XXXX. But, half weaker six first
Commercial million. at was the months it our up where sales market sales Looking of through about XX%, numbers at $XXX strongly That’s some of and product and total Transport XX% last year. were first compared six line XX% the to numbers.
Telefonix of that. acquisition Our gets lot a the for credit of
not Electrical & second makes smaller but year-to-date, which million, a our of In-Seat If Power Power up Motion, X.X%. quarter comparator which you franchise, includes $XXX look the over lines, of and up sales at significant up product our category, our $XX.X X% quarter portion all a major had million the
is through this on $XX lines the a a half, million for & group. up year And major prospects of despite about XXX% pretty ours, excited of continues flat with of that preview, And we’re in lot Lighting the before. that sales half, Motion XXXX. Telefonix be And for are making will group crazy product first a we -- Electrical in that six Avionics, and in Safety, where Power pretty is first total, to about months. we first year, categorize strong, that’s our through that our by the about pretty of over $XX strong the this We’re product the X.X% the double-digit the smaller expectation & of as growth sneak the growth million cumulatively end year demand XXXX the delivering our the total. today, XX% line see XX%
little make forget, here our acquisition working a is let out very, comment me I that Before Telefonix well. very
culturally, If a into throughout there’s you comments the executing plan. job, our kind and read on fitting strategically little press of their group the company really the release, good doing business
we’re So, far. or how six performing it’s seven pleased group how very only months, so is -- been but that that with
to have them part happy team. of We’re the as
be to Aerospace. trends really strong. in continues Some Market demand
solid. the here on there, we’re very, get We’re There see record And our incentive we’re having the that our across front of kind don’t to going in particularly we’re and sales; bit some by not places foreign price some a large, in the but it’s lines years, military and business, of demand dramatically business internal product programs it be especially always to over see have are busy of business, slides bookings; Company. side the our some in are very end things. There’s of changing dramatically or and on weak pressure. various continues in trying scheduled very spots things little that programs, some grown we We setting changing. there record but
worst implications potential these recent the here is definitive a spending to or we time of $XX that. today talk, it neighborhood difficult But, between airwaves some quantify. negative like the nothing because be And of and and which case been yet. understand answers puts lot the million somewhere tariff impact, don’t to we be to But think the potentially, days. a could weeks We there’s a -- have there we dominates it have any takes something believe. in scenario in But in trying firm charge of
profit by was shipments. good segment. revenues of pretty ‘XX. very almost Test in Turning our and the was Again, a strong year test were triple of quarter. semiconductor half first double second operating were improvement Those million, million, XX.X% to of $XX the sales. last quarter, driven bookings evident The The $X.X second that
covering expected But, QX I’d to prospects than we’ve when which business were to But, other to us, in are those book-to-bill Year-to-date Operating not last the XXXX you actually some But, bit been a QX, we’ve of we the you’ll some some come success but with quarter we’re QX profit half like you today, contributions the believe X.XX. I I got $XX the guess, in not maybe which between list guess, XXXX million, have about times back backlog a had in and in we some see still the while. of XX% we we’ve way second prospect believe the semiconductor ready for business they up we’ll substantially that’s A&D bit a little we the first on if waiting wins. potential Defense and we and is We $X.X more revenue tell million, side, good X.X% for from & and year-to-date If quite other Bookings more million, even ahead have ‘XX, from for, important booking is that happen. through optimistic Aerospace demand And And it’s $XX that we’ve of got loss matter. from at have for had verge deliver time. communicate to some business, QX that quite backlog. quarter. good or realize XXXX. the year. numbers a of that look in second that of a talk
the at really quarter the forecast for our second total $XX to was backlog $XX.X of million. $XXX quarter good enough was Balance of million. the that’s At think end from end year. sheet. drive second Our of million, debt the cash We
a as is we The than XXXX that cash We one Test require material that if progress a rather we substantial But that expect of expect covenants we year put throw that wrench could investments, which orders may stronger to our where year XXXX. use we’re and more are it quarters. position will We debt to the have now. strengthen that’s with to. as in the good feel our thing deliver And room in progresses. course comfortable up right to we reason cash, comes have
coming Aerospace million. specifically initial looking $XXX we of consolidated maintaining in are $XXX at expectation $XXX That forward, to million $XXX for of with million an revenue million sales million $XXX XXXX. Test So, our for to in XXX is coming at and guidance to
XX% year or of about and you all growth about for Test year, consolidated would the the If midpoints take of XX% that, of you anticipate Aerospace about growth for XX% year. XX% growth for the of the
to appropriate were to the higher be to where specifically, and make leave QX maybe we in obviously some QX at -- QX we for to got it’s this we were down are move programs perhaps were. And QX you maintaining the QX, as with potential. room generate two who When at yet. the some expect QX. little got range things could things which nailed there That’s to QX than that stronger expect is for want little in need We’re in, would ranges I those to expect them the they of a we point, lighter look We’ve before. there of we coming same we’ve would models, had we be normally because and upside felt be coming bit suggest, tightening but than win, in were and
QX. better We have and in insight QX
room to again, will also change. have stronger as the move. for There stronger be will towards bit certain Aerospace be much uptick year. of So, QX of mix like expect programs there semiconductor the shipments, an will of in QX end a Aerospace-oriented, little QX is QX; a kind we
to margins results. the to expect some more improve. continue that we towards. expect working got something don’t progress dynamics We of the can legal, path. also predictable And drop that the to underway, SG&A And going front will How expenses, when trends comes. quarter either. think will The acquisition, make to about we’re our much on demonstrated think we make But, that a we continue we’ll we’ll progress report we’re disappoint by time expect on with struggling on units. the talked We we we second as going be that forward we’ve positive
that remarks. We’ll my open think now. I concludes So, for up prepared questions Sherri?
