you and expectations line in related X.X% down sales were XX the goodwill reduced fourth X% impacted operating million prior primarily $XXX us flat and of charges. Please include our the and the are impairment The margins total versus everyone, to with by EV Thanks, about to turn infrastructure thank and The quarter Dave. line impairment quarter X%, today. certain negative for last details weak year million, morning, charges we've actions charging product discussed organically. noncash Good in to joining trends. quarter.
GAAP assets in of pruning our Revenue start on ongoing $XX intangible was results. in with Slide
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points as from basis year. XXXX our XXX Foreign improvement operating first and to of structure our XX half resulting expanded basis margins and unfavorable second our margin pleased with are commodities half point a margins.
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and XXXX volume segment improved our also reflect margins leverage. throughout solid industrial operational Our execution
and growth expect XXXX. We into continued margin momentum
please to Now move the forecast. XX for Slide
mixed Passive Electronics, we As semiconductor sales XXXX, a soft see product in we environment. product With quarter. but start first recovery, continue the macro to ongoing we expect
underlying We expect ongoing a see we starting transportation Industrial segment backdrop mixed the momentum year. while
low year. global projected car signs decline vehicle modest the market We single-digit expect commercial with recovery in for later of build
commodity assumptions, of these tax sales in first be range of first rate $X.XX, the year. includes of to X% million in With the and a to headwind the rates, $XXX Sequentially, ] We're $X.XX the year.
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headwind a ongoing December, Semiconductor. Dortmund expect FX recent of expect but semiconductor acquisition growth X% capacity cost-scaling operational actions and late a with as to commodities will current expansion, we sales arrangement Elmos. our $X.XX announced Elmos we position solid We sharing EPS.
Also, execution. completed focus and from the reflecting The At fab includes in also acquisition represent multiyear earnings rates, benefit we on our in a to
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rate between We are XX% estimating tax a year of XX%. full to
ongoing rates. evaluate opportunities to tax legislation reminder, Pillar on our and rate is headwind X As a improve tax a continue to we
We also to expect in million expenditures. to $XX capital invest $XX million
turn ongoing product to wins design we well a customers we our innovation, return page the growth. on As new to the believe year, with momentum positions us for and
XXXX execution model, in Our solid earnings have cost-scaling us expansion our amidst actions for positioning dynamic focused enhanced operating a and environment.
to with would excited Littelfuse him outstanding and growth back like for Dave and opportunities focus as working next generation of our for leadership it we flexibility commitment final gives the expansion.
In earnings the remain meaningful grateful aim and enter last and to top-tier I partners forward nearly got in recognize wish and partnership. years employees know decade, balance lie to closing, well-positioned unwavering on I contributions some and over you our retirement.
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