R. Norwitt
the to very you you of certainly Craig, here welcome thank and beautiful where warmest air. extend to like Connecticut, my is Well, Wallingford, much, spring from I'd all in
then and our diversified going is some our in first across I'm typical, as discuss know, quarter. achievements trends to our markets. of you our highlight progress As I'll the
Finally, I'll quarter. on outlook And the questions. comment we'll for second the course, . have of for time
end $X.XXX than and adjusted stronger from exceeding reaching in were of per quarter an the billion. markets. We're currencies, by by offset declines sales mobile our mobile high commercial local organic and the first air, the share. and very U.S. prior broadband expected, grew devices defense in basis, and dollars in sales in industrial in in XX% datacom, networks, On year growth results by IT our diluted earnings sales with markets, X% somewhat increased guidance that pleased automotive, Our X%
those orders quarter in a billion book-to-bill that X.XX:X. of that and represented booked in the $X.XXX each in a company And of few that, very pleased about first I'll markets here talk moments. the positive We're
in XX% generated EPS, reached point grew was Our profitability XX% very profitability, quarter, adjusted in to XX basis which from and the And adjusted $X.XX. robust operating from a quarter, the diluted prior increase that last year we year's strong margins even from levels.
$XXX Finally, high clear of we of operating and earnings. quality the generated the million free company's strong million, cash another $XXX of demonstration and flow
and of dynamic of The the Amphenolians. company's discipline continued global results of new we're Directors repurchase perform organization that this As and mentioned, who the very deployment. I'm Craig well entrepreneurial billion this environment. again important our most a of very extremely another our capital of represents program, pleased company's $X team to balanced proud the component agility the has stock quarter X-year Board reflect once of approved in
a on is Now our and it signed end just Carlisle as with as solutions. range we're an are Technologies $X after leading defense existing complementary CIT we supplier solutions harsh interconnect commercial announced to pleased agreement connectors very cash. approximately acquire January including and of markets, known, business cable, is company's to of primarily assemblies, industrial earnings, XX, environment in for highly Amphenol's worldwide. cable interconnect to the QX The to have wire Interconnect contacts, billion employees X,XXX and air, and sensor products, sensors wide global
this current $X.XX to to have we this the Accordingly approximately half based As to of acquisition previously CIT million will of with XXXX completed end costs. XX%. XXXX, second in transaction be $XXX approximately roughly sales in CIT's add anticipate We margin to earnings quarter. continue acquisition-related is announced, that the on performance, do the second an of EBITDA operating excluding expect do and of by annual expected
forward welcoming remain outstanding to confident the our team continue CIT company. Amphenol, program the to I acquisition to we will for that look create As great value
upon and all a core really acquisitions to sizes, these new the of Our execute bring identify Amphenol into ability and company. for successfully competitive to remains companies advantage
a of manage has scaled, ability effectively As acquisitions all of too evolved greater to our organization number has so our and sizes.
diversification the just turning served pleased exposure and our broad. our market to markets. that continues the continue end comment progress Now company's remains balanced This I be across to highly diversified, that of would we Amphenol, to us or any create risks value to given while exposed global industry being with for across areas disproportionately not enabling the application. participate electronics to associated all market great
the defense by This really coming our X%, were by strong segments with broad-based market. defense important prior out most of organically, sales represents across XX% down this So growth into dollars XX% driven sales than this the year expectations starting was market better quarter. was our quarter Sequentially, our and the from in sales in a and within U.S. grew by and and market. the XX% modestly
defense the the these second products. market, in we interconnect quarter, company's we industry's widest range high-technology the levels. into from to by quarter offer increase modestly encouraged expect position first to sales And Looking the continue we where remain strengthened of
a of long and in market today's increased new really in their dollars well XX%, our this across demand that current geopolitical both commercial and sales X% development the our Amidst next-generation quarter. Sales Amphenol. by both the was product aerospace potential support and world thereby in while driven investments long-term The by into defense the strength for around to broad-based strong virtually our aircraft are also to accelerate demand We're increasing applications. dynamic U.S. all environment, organically expanding capacity positioned increasing countries the technologies, future. represented
expected, our XX% Sequentially, than better from grew sales the fourth much quarter.
we of second just sales commercial modest air As we the the quarter into in these our working proud team I'm strong a first levels. expect do in very quarter, versus market. reduction look really
aircraft growth thus for demand of With travel the our our into company. dividends breadth strengthen real products, next-generation the interconnect for efforts high-technology and paying are jetliners, diversifying ongoing market in while position our to
with our to the in the important many in technology look and in did sales market including XX% acquisition come. great, XX% industrial continue The U.S. We to of represented the CIT and to our to growth our forward and X% this initiatives decline by long-term opportunities for this benefits sales realizing years organically. for see market quarter of of our dollars market, expansion offering
vehicles, heavy marine, some performance, automation. the rail public was applications, and but gas and During instrumentation oil more particularly factory safety, did and by and see we in growth battery transit quarter, electric moderating that offset in mass than
On a by completed sequential sales a in basis, we that really the fourth acquisitions from quarter. our better up the but that X% quarter growth expectations, fourth bit were driven were pleased than was our
both to the will has occur our our industrial confident no quarter, second I'm long-term the remain the I high-technology electronic demand, across we levels acquisitions as into global revolutions at industrial on remain this despite positioned expand complementary expect to and the in organically of outstanding to sales continue first Looking the positive antenna that to industrial in that team many interconnect quarter. offering, strategy capitalize us proud And And our working and similar market. here near-term in through the market. doubt market sensor
drivetrains. as first first the dollars our vehicle electric quarter. the fourth in the automotive which The organically. working strength as in hybrid automotive our market expectations, the by electric was That applications especially reflected sales from And Sequentially, of really broad-based represented driven declined in XX% grew well automotive X% and execution by was U.S. communications-related applications, in XX% sales most that across better market. by sales including than quarter, and strong quarter our team our XX% and
decline market. working As modest automotive do into we in so team in we proud But a our head second sales. just expect the quarter, the of sequential I'm
customers forward And to vehicles. their electrified driving new and that is yet to outperformance also of of position new from come. drivetrains, team's a wins other many includes benefit exciting with focus our that who years multitude while array technologies of wide design of strong applications. continued we are on confirmation implementing look a includes benefiting for Our another the into it clear And
market devices our in sales The mobile the quarter. X% represented of
the organically products. X% Our laptops sales U.S. in declined prior by as in grew flat from fourth were sales but year by and declines to was offset in Sequentially, wearables better-than-expected our compared growth quarter. dollars, a and tablets, XX% smartphones other
now expect in as we model of into launches for the second mid-single-digit first As prepare half the second a these levels sales we quarter head XXXX. quarter, new decline from customers
most our remain capture outstanding XXXX doubt for is of any While beyond. that mobile team and volatile our devices opportunities no arise to agile in as one sales always may will always and poised markets, incremental
interconnect the Our mechanisms U.S. sales XX% mobile next-generation and operators leading manufacturers. as well from spending of in continues year range mobile and our in term. a prior positions by organically represented array by of to us broad for market reduction quarter, the sales and to products antennas, decline broad-based long through XX% we did of equipment network devices, a in enable continue manage and wireless dollars The X% which networks
as QX. by increased quarter, now from Sequentially see we the though, are which we as fourth that from increase our seeing look X% into in were And second high the pleased into our had did reflect expect sales sales, demand grow quarter, does operator a some we we single-digit customers. mobile to coming we expected, that
While of to investment our team networks efforts XG in the work and to position networks continues around our the no the doubt to expand mobile benefits that realize world. aggressively has equipment you I the next-generation just in been market our tell environment can short-term challenging,
with wireless communications poised represented When mobile the technology customers investments, and to sales to that long data in information unique potential comes position as technology quarter. look that our The our to drive the renewed both build increased service once into wireless again position continues benefiting of We're market XX% from future. and providers. from manufacturers accelerate on equipment forward the we
fourth first in sales our X% artificial the driven by for On basis, a dollars was quarter by data better for U.S. expectation in very XX% a in products mid-single-digit our substantially increased was grew intelligence Sales XX% the which and organically, accelerating a strong sequential this centers. from and demand decline. used than quarter, by
into quarter products. levels. We by ever quarter, can continue in accordingly, in And market. strong first than more look the to double-digit the you datacom we encouraged from we to experience global expect as that range the company's orders AI-related grow for sales low IT interconnect the these I we're position second tell
continues created future through revolution team a next-generation Indeed, really Our securing to AI. AI all systems, living do right on job now this we're business enabling those in outstanding has particularly IT that driving interconnect a high-speed future. technology our very Amphenol highest given With products, usage a of unique the products. intensive opportunity more leading we're interconnect these for well power and for machine learning positioned
in we coming which or into XX% sales roughly anticipate at the continued just first levels. And operators basis, optic their procurement critical whether fiber our broadband in these quarter, than as next-generation quarter. and these year prior that opportunity broadband worse interconnect, sequential it's levels. X% to continued remain second from components we our organically declined high-speed expectations of The were On sales by flat, reduce sales power a company. quarter. represented look as the quarter the a market and into slightly are for was our in U.S. growth creates And networks, the to dollars products long-term Sales
to to of demand working broadband, regardless their support the we provider coverage do position. encouraged continuing forward are network of the to company's in whom applications remain and proliferation support bandwidth look of homes current by Yes, data businesses. around to strengthened the our to all world, high-speed We customers increase service dynamics the and
in we represent adjusted billion conditions constant of $X.XX to to EPS adjusted well quarter, turning billion rates, expect to diluted Now the XX% compared of to X% exchange range of of XX% $X.XX $X.XX last course, the as and second of and current assuming outlook our for market to the in sales EPS to would and $X.XX. range second sales quarter growth X% growth year. diluted the This of as
and I ability include challenges to confident I is not in our does just not to yet this wanted note the outstanding remain continue to team environment adapt current which and of profitability entire the the Amphenolians term. usual nearly the efforts opportunities their in here XXX,XXX the world, worldwide quarter. opportunity guidance driving CIT. as while management grow in our first strong that this over position I'd thank truly take, for to our them many around to long acquisitions, of like And finally, to market the again, to the team practice, including just sustainable closed, and of outstanding global have
questions. that, operator, with And take any happy be very to we'd
