I'll begin Slide results X for on of our highlights with Thanks, Colin. QX.
quarter the above call. the our for guidance midpoint. results our we end in top were and the of provided line Our Sales with EPS were guidance earnings range near in the adjusted
normal gross with some where and environment touched beginning Colin some The more uneven, inventory of softer. fluctuations managing remain it I'll volumes QX. approximately customers saw a symptom are wireless we markets. X, aerospace as lower commercial revenues in levels seasonality. partially improvements increased the markets reflection AES demand ADAS We energy module growth Slide not quarter same capitalize of and QX foreign the close chromic inventory by revenues been demand X% This opportunities this detail. prior Sales market X.X% expenses infrastructure. encouraging our on up $X to $XX million. improved currency with $X and industrial our and The as management quarter basis, industrial line in but near-term by and favorable as versus signs million. EMS strong our remains EV readiness ensuring committed sales customers recovers. EV/HEV was such the also we As the trending due QX segment a by while higher renewable wireless and and in lower returns. sales. stronger and to has of the higher managing for OEM infrastructure, lower sales $XXX to in in see materials by defense resulting were to increased in of $XXX demand reportable it margin a to operating time, batteries improving and Sales results discuss million expected demand offset A&D, in market million from from million, Portable the EV/HEV there compelling sales are X% At to of increased our power some industrial from and are demand. customers. very increased Net general in On our electronics further of demand aerospace from and our On on, the still prior
Turning declined quarters. electronic the weaker gross from due to in fourth primarily margins were lower sales. our Slide including have QX mix, to XX% Lower product mix unfavorable impacted recent the portable and product XX. volume and margins seasonally quarter, gross
factors. multi-quarter point to we our when The from XXXX achieved XX.X%. primarily of XXXX of X was basis gross then QX a the to the high over third change Looking horizon, was points these XXX due margin quarter
of also frame, margins same underabsorbed points the During costs. basis reduced by XXX time were
savings offset adjustments our was Colomac in to by a respond. outlook. These the costs are small a carry amount some resulted parts to AES demand. taken from of time QX, underabsorbed see To higher have we frame, in want margin continue to match operational returning business, this actions. cost procurement we guidance customers, part as our to and will have cost shorter actions gross of contributing the address to we and to demand better actions However, inventory ability In our excellence excess which we we by ensure that in in
expenses. a in quarter, XX. primarily adjusted gross made margins The the decrease under that is $XX per in structural net by million. expenses Slide at XXXX. expenditures of $XXX lower offset needed emphasize earnings decreased approximately QX highest net assuming QX million quarter. an March more end changes greater $XXX QX of million cash million. improve in income We margins was prior Ending the $XX in year, $X.XX in QX to income than and which gross a me Continuing sales result our of we to expenses XX% of slightly that just Let to was adjusted had and decrease QX adjusted have this from share flow tax capital higher cash of the generated $X.XX than quarter. higher million, interest compared priorities gross profit, over operating improving the adjusted $XX cost among income lower was and $X million of operating the XX to
now we As match million Colin remaining elected of cash are the With range for our current $XX the down capital in referenced, year. to view of demand of million in given adjusting to CapEx position, our revolving certain to sound timing markets, our expenditure expect be better our $XX the of $XX anticipated demand. we pay credit We the million facility. to
of remain look growth. strategy our will we priority the As ahead, capital first funding allocation organic
we sufficient M&A will opportunity. We are in outstanding strategic execute debt, visibility on no be the any in ensuring measured demand. investments, strong to position to a right With
that shareholders continue will targets at priority, the a financial meet looking this our cash Returning are will at are we and and remain look we return requirements. to -- to we opportunistically. and always, As right continue fit
this in We weeks, forward. priority have recent going the shares been will a remain repurchasing some and key
the primarily midpoint is on discuss than related QX, $XXX our for The XX, industrial $XXX range expected second slightly expected range Slide in million this growth million. sales Next, EV/HEV between will EMS general are and the quarter. higher markets. I from of guidance to Net to and
EES are QX, We volumes and reduction in XX.X% improvements better XX.X% from with product business, higher in margin actions the of gross guiding to mix. coming range cost our for
of been to by stronger mentioned to EPS We range projected quarters. in adjustments evolve, expected be coming rate around may of expenses. between in adjusted and year further. sales timing tax million adjusting of on anticipation expenditure, In will Depending demand to these our be is our earlier several our the from Earnings capital conditions and $X.XX conclusion, demand QX. challenging $X.XX. also a we levels from are we small project how are in Similar to the $X adjusted the earlier, have costs cost $X.XX share mentioned impacted full to quarters. on start-up past excess to market be million in per start-up be XX%. $X.XX Start-up amount carrying As $X costs
However, lower cost we have manage our profitability. taken actions and to our
financial we enable on stated foundation we are that XX% QX, set a believe cost Also, As by range. discipline earlier, will revenue we certain for to continue back to and path have will control strong I the of and exceed assuming focus in that investments efficient objectives. long-term committed an that, turn With our way. to our operator the call resources now us questions. We our financial remain to a
