as was quarter was last X.X%, on the the December $XX.X in few loss at the minutes. our will previous our This non-GAAP restructuring was tax decreased detail resulted from $XX.X non-cash Other was by will share. XX largely mentioned Operating turn QX the per was per was From from per focus was At restructuring first last $XX the the in primarily Overall, up in QX that $X.XX our cancellation a quarter. last points prior consolidated points $X million, and with to discuss income from million consolidated and of pre-earnings impacted operating perspective, down $XXX.X loss year. plan Bob income Please communication the profit expense by came million, the $X.XX XXXX enactment or by of At was Revenue share Monday, prior quarter of and push year. Revenue which basis quarter are gross quarter XX.X% XX.X% by the in we from from remaining which impact also to costs in of million compared margin which of otherwise Act GAAP at XX basically at quarter our more was for call quarter Tax and $X.XX $XXX.X X.X% by from income, share and margin last our X.X% flat three. million we approximately I quarter US $X quarter. XX.X%. QX. segment. loss announced and recently the for share quarter of financials per the Slide XX% with first Act, driven $X.XX a down quarter. This during from charge The down last million plan. $X.XX reported to when of in as and Cuts primarily of our X.X% that higher comments late of quarter Gross last Paige. last Jobs $X.XX the year. share in quarter. was we million, of of related Tax the down from challenged a the of tax than disappointed expectations of lower for basis the quarter revenue. expenses Thanks, a compared known Act. flat first down per first ended in billion, results. the was first outs, extremely net than The Operating resulted pretax which with were restructuring Tax rate X.X%, reported My a of
was XX.X of with our This rate year. basis. and Our XX.X% XX.X% for in million shares $X.XX, year. non-GAAP from $XX.X diluted profit change income, EPS We net on higher which tax million QX on outstanding a of from geographic QX due in down expected to came of based was earned in the fully the last distribution
that absorption production anticipated last automotive and mentioned including program was for by overhead which non-GAAP primarily were changes, of the levels in supply higher impacted unfavorable program sectors, and first our ramps of As new under constraints challenges, during due Monday, quarter number engineering was programs, for these to mix. communications an EPS call had the a a
represents not that did allow Please we and were sector. the segments. IMS cancellations communications The four by Slide our where time assembly in we us the board assembly the timing and late push impacted segment decreased Solutions enough outs communications Integrated realign printed CPS experienced structure revenue circuit well In within the pushouts providing to cost direct fulfillment. turn final customer as primarily as order information cancellations are also Manufacturing in these more on to test, quarter, to level system addition, and The we and test, sector. and of our
As IMS you can see down from graph the the segment quarter million was last left, revenue $X.XXX on from billion. the $XX.X at
of largely cable percentage new is customer our that The and QX enclosures, is slower mix, business, defense right Services by percentage QX number Our Components, design margin associated $X.X well was molding. storage margin and aerospace fabrication, include unfavorable components. decreased gross and In primarily include from continuing margin for program million X.X%. products, down engineering, modules, repair to by were as program include to of from design Products and part gross was memory this high plastic To by computing impacted of SSD as X.X revenue decline fixed points aggregate, as X.X Services. logistics with injection ongoing was segment second gas the changes, margin million, a with which and segment precision impacted down our costs assemblies, as Components RF CPS well gross the printed that IMS services. result X.X%. This constraints and driven ramps and as plants. than expected yield improvements, $XXX to as backplane as well products, and our modules. gross and segment, optical oil machining the board and supply down circuit assemblies, Products points
from to at On points Gross slide X.X% increased sequentially. products X.X% decreased services quarter from down metrics. and XX quarter XX% last last last P&L Gross million. over non-GAAP key five, of was down margins X.X% gross margin was QX last Our year. showing up quarter. you $XXX.X basis from and we're profit Revenue
of this from Our operating to operating X.X% $XX.X to and $X.XX. million, of profit and decreased EPS quarter XX.X% led non-GAAP margins last
Revenue to announced cost further our opportunities, to restructuring spending scrutinizing materials immediate expected consolidated department our These plan, $X.X is the actions item to $X.X seasonality line revenue previously we in primarily additional optimize addition capacity current include wireless our structure the optimize the the sector. our industrial people actions our investments the in of portion for and are range scrutinizing cost to for by in reassessing of ways continued taking with company. globally. billion quarter equipment billion, across our second every savings utilization, in driven the every base, be in discretionary softness sector in communications by and to operation and and In
cost minutes. we expect talk I XX sequentially, points down the help immediate more in actions will few be that gross a margins will improve we're - will guidance from QX. our basis to taking, optimization XX QX’s may about revenue While
six. your Now attention I'd balance the sheet Slide turn to to like on you
more $XX were $XX previous equivalents Cash Accounts with inventory quarter. was and million cash up moment. inventory and were receivable cash Our million. a We'll flat in about basically up was talk the $XXX million.
Our shortly. deferred standpoint, for payable primarily by a and charge million the Act. I Jobs in tax by in $XXX impact assets million, which talk Tax From QX of will the during about declined the the US driven we $XX Cuts quarter. accounts recorded we non-cash decrease of more was this had liability a
term debt shares. $XX.X common purchased million was we short worth and quarter, million Our $XX up of last from
Specifically, we $XX.XX. million of average price at an share one shares repurchased approximately
on sheet leverage operations In free a and the for review and largely $XX in of to in structure new past net quarter. a saw such capital up flow and $X.XX Cash by were the $XX.X of will of shortages X.X, XX% down be XX% turns sheet had negative coming gross remain of we Slide $X.X turns of Inventory for QX’XX, at as great driven billion, with prior at $XXX quarter Please ramps expectations. end times with saw parts the cash quarter Inventory with As our discrete capital balance million QX. as Cash the at the by over and balance the with consistent certain was to X.X. memory, shape. quarter. very the debt was material dollars were the was which million, we product lead move we positive last turn to our extend we flow times our commodities semiconductors. was XXX lead from expenditures from and approximately where quarter, continued number led This seven quarter long X.X to days capacitors continue in metrics million. over line turn inventory million from out quarters. challenge, to Overall, term the fourth ending in for $XX quarter our million,
component industry the through continue component second seeing capacity, with indicating but adding a manufacturers demand, are of constraints rate half in line manufacturers and XXXX. will component some that not We’re at certain calendar
should which need combines changes, FY’XX. move our new ramps inventory and which the we cash days, accounts This component days. cycle last a and our an cycle certain constrained within receivable change over expect to quarter the cash get cycle and outstanding fewer XX.X design to our parts left program mainly balance alleviate by inventory, supply quadrant, our time Overall, production, XX.X we're showing help the As inventory from lower of improve time volume increase customer increased environment, was sales In payable. ultimately driven days. in accounts for to days accounts days receivable to
share pretax from with the X, On in repurchase provided capital. increase from we the This have annualized additional combined profit, invested Finally, declined our number XX.X% reduction decline net prior program. the to ROIC in slide details quarter. operating on resulted
million approximately one our we of end the shares board have an price for Since share of million $XX.XX. purchases. average future FY’XX, At During we at the $XXX repurchased $XX.XX. shares remaining average we of million price QX’XX, repurchased at million of $XX.X $XXX on quarter, for authorization had an
on of repurchase remainder mentioned for and during As I and fiscal so executing an are call, our opportunistic will to we beyond. continue XXXX last on plan do Monday's basis share the
with to slide generate result of Act repurchase incremental fund ability participate where We impact outlining and the and creating to in very the equity. shareholders initiatives Tax value we behind continue business. in cash which force through Tax Act. the of expect equipment, US acquisitions our on the nine improve We We the small coming to Please competitiveness the turn business focused for a in immediately remain is generate. existing to that strategic the of US new opportunity our capital the our cash invest driving Tax tax invest We years, supportive the our welcome Act within think the US. the manufacturing in that may reform will to our customers on as we're and of
carrying to noncash required record Act, With this our to in for is as be repatriation we which already non-cash estimated that enactment tax we a any a not GAAP This tax, an the commonly impacted per cash plans resulted by GAAP corporate translates our referred effective net of $XXX.X in loss at the to deferred $X.XX. reduction rate the XX% value in GAAP not place the as charge. the have mandatory cash We We charge the QX related efficient repatriation toll Tax immediate of We do have incremental from with of which to share ending assets have of million, was over reduction XX% mainly XX%. tax expect were of the any business US, charge to do significant from XX%. to model allows our the that for cash. in of repatriation the usually
the to rate will will slightly, US We tax tax XXXX, or slightly do in in due XXXX that than executive intangible the We tax Act. prior due tax rate act increase fiscal to the Sanmina’s for be expect will to increase - in as in expect not result global immediate any low years years GAAP For not section tax non-GAAP our the the the GAAP fiscal enactment the of of prior of result future a new US well XX%. the expect do disallowed the lower be reduction rate XX% the the fiscal to as the US impacted in or of year. XXXX remainder tax capital rate of we to do within as corporate expect fiscal XXXX years provision, income rate of a applies the as we compensation
material XX GAAP fiscal additional While the our of account we analyze providing of into related SEC’s on are Act, company the to effects guidance full our taking Please Tax details plan. more statements, the for tax where balance the to financial period. during turn to our any for of one the continue do expect will Slide reform non-cash on the measurement charges the refining estimates year restructuring consolidated not enactment XXXX we
the the various long of which While impacted on our we structure our the are announced consolidated revenue through manufacturing XX, we support level, January across company the XXth. to our strategy. cost term we our decision optimize constraints working facilities, on we three in restructuring adopted made a On that of plan January
are is As decision we these mentioned force on and in York for to the China. their business move behind in the was customer last renew not landlord's Monday's facilities, call, in Owego, The to driving for facilities. leases New one facilities two decision one house. the facility This restructuring the two Chinese drove
production we able move other to However, facilities to our be remaining customers in China. expect to
through of this restructuring million of be incur consolidated result restructuring $XX expected are that approximately plan, a expect charges throughout we to paid - As to XXXX. cash calendar
paid the over consolidated restructuring of $XX.X be will affected a for During that the retention period that first the we of plan. charge recorded million pay consisted and employees severance quarter, of
next negate cost over and the business down a moving with to facility in expect savings mode restructuring their incremental facility. wind We of is year Chinese any our this the customer a half, in from which in-house, that will the be
other the significant not savings Chinese facility, For see do we from relocation. its incremental any cost
in which down be fiscal million the flow financials, the with of our anticipate we XXXX. wind savings $X incremental $X June, to to cost operation, in we beginning production we expected to Owego, do in finished York As through of New QX million, range expect
cost company. actions additional to As I structure optimize mentioned, we the previously across immediate our are taking
XX. now remain guidance first you QX, optimal the XXXX. in term margins our than second to quarter are in fiscal in for cost the the our gross to getting turn some deliver strategy. help and We XXXX. expect XXXX, our fiscal better with us margins half I half provide the - combined expected with will the share deliver of second that levels significantly growth will Slide to support our benefit place actions these revenue the would second We Please of in on of to fiscal long in profitable recovery start gross to like focused structure half
of be billion. On $XX expense the Our X.X% Operating the an that that million in range gross in of view expect to basis, range margin range the to $XX to revenue of million. should to billion we $X.X is will in non-GAAP margin will $X.X a X%. be This to leads be operating X.X%. X.X%
million, used rate million be of our $X and the $X of tax expected We in be expect income profits. should will geographic and should tax our remainder to rate to other for year. the XX% of be This that distribution non-GAAP expense due around the the range
fully shares, in $X.XX that When X.X million with count to we We plus of share we end guidance, non-GAAP to will the per believe consider shares. or you earnings all million our diluted this XX be expect up around share of range $X.XX. minus
target keeping will for through At this our various more overall our with Bob across we that Overall, flow around be we long constraints and revenue our priorities. are results, Finally, cash over initiatives and million, QX's cash our of optimize profitable benefits levels back and free on revenue, our will seeing will the will the comments believe the cost stronger discussion we the the markets modeling, on capital amortization year work term around gross the half and first point, to a from of growth the that perspective, million. half $XX turn depreciation start while while structure flow margin company, $XX be our be second as we I in disappointed with expenditures than strategy. to business expect
