you balance quarter, Please and flow our Roel. of comments results turn review to Thank performance. my of will Slide a by for review. and X I the consolidated a discussion cash segment results a the sheet start for detailed with followed
After XX.X% translation revenues our XXXX. basis. pursue a a planning quarter second favorable $XX reminder, half to the Revenues a in in $XXX.X be As copper a today. quarter, Revenues will compared impact in levels adjusted XX.X% favorable third year-over-year partners on full-year currency X.X% assumption million from and adjusting favorable acquisitions the copper prices, from $XX Recall sequentially. reduction year higher on a on XX.X% for of increased million for inventory results translation $XX.X channel adjusting revenues the declined and million the impact year-over-year and a third of currency a $X.X $XXX.X a prices, million of entered a XXXX. organically I sequential organically higher basis basis. and million increased decreased would dollars that with channel from the for After that and we during referencing the impact million were million quarter $X.X
basis now was in XXX reduction EBITDA is the XX.X% the in Our expect margins most full-year the modest in compared lower the XX.X% expectation were year-ago unchanged, to occur XX.X%, in XX.X% million only points to second the prior to the million the compared $XX.X to quarter fourth experiencing decline approximately was quarter quarter This we of period. but and for declining volumes. prior $XX.X $XX.X and reductions profit the million $X due in were half primarily third in prior-year in dollars, quarter. the quarter of Gross million period. period. the EBITDA after margins XX.X%, to prior-year in compared
As basis. $XX further SG&A in our program. Roel with our we delivered representing cost million savings third progress Consistent we quarter, mentioned, $XX million significant of on the commitment, reduction million an annualized made with $XX
$XX quarterly deliver run savings to fourth the full quarter. the expect We rate million in
growth As we structure, remain initiatives. our our cost committed important to streamline we
XX%, investment by $X interest changing in foreign year. rates, be approximately prior we we exchange or to XXXX During due the foreign rates. At the expect quarter quarter, expense million, $X sequentially the increased to interest increased by expense our dollars. dollars exchange million million Net R&D in $XX from current approximately
was rate XX.X% incremental the tax effective benefitted Our discrete we quarter, planning as tax from in initiatives. third
year-ago and approximately for the million was in XX% $X.XX period. per compared an fourth in Net quarter. and period. $X.XX quarter second prior for XXXX. Earnings effective the the quarter sequentially $XX.X rate income the expect in to compared to per million quarter, the $XX.X prior-year the and increased third in from dollars, $XX.X full-year share $X.XX the XX% share million of in quarter was in Earnings tax the We XX%
Turning now X presentation for with in our a begin business Solutions results. will to segment. segment I Industrial of Slide our review the
audio, As a secure data reminder, industrial and allow in customers video to and solutions transmit harsh our Industrial environments.
increased segment, copper X% increased manufacturing, Cybersecurity discrete $X.X quarter. decreased Industrial $X.X basis, facilities, sequentially. Automation year-over-year and translation adjusting for million Not energy, XX% in impact and surprisingly, factors, verticals sequentially. in a dollars were of After a quarter. prices X% across third dollars include quarter a transit. the Solutions Industrial markets on and revenues X% on the The and revenues these dollars declined consistent organically basis declined and our sequentially. segment revenues process and key Our Currency million year-over-year million of the in this $XXX.X trends sequentially. mass generated had year-over-year X% favorable revenues the market XX% year-over-year increased Within
with We existing with expand large customers, continue and significantly orders new secure our strategic to customers. engagements
to to X% investments the gain with compared year As software-as-a-service XX% lower revenues, the the year-over-year bookings, we volumes quarter, Further, of increased decline in EBITDA and quarter, reflects bookings quarter offerings SAAS represented traction non-renewal were nearly The in result, only XX% XX% in offerings. of indicator in margins ago. the and non-renewal in XX.X% Solutions a Cybersecurity. increased compared continue best future Industrial XX.X% significant R&D period. primarily year-over-year Automation prior overall a Industrial to the segment in and leading XX.X% vertical. and our our year-ago Industrial
Turning now to segment. Enterprise our
enterprise networks. As solutions a audio, customers allow reminder, across secure data complex to video our and and transmit Enterprise
include Smart key broadband, Buildings. Our XG markets and
currency bandwidth organically more Smart year-to-date organic increasing and the adjusting segment prior continued the basis. X% from XX.X% favorable copper X% in in generated optic Solutions favorable impact on quarter, volumes. acquisitions fiber Enterprise translation a basis from year-over-year speeds on year-over-year Broadband and increased for Revenues in basis. demand and sequentially. and an Solutions a our year-over-year The quarter for The organically basis higher the $X.X products, impact sequentially. increased year million prices, and XX% primarily copper faster revenues ever-increasing in our Buildings the year-over-year infrastructure Enterprise favorable in $X.X After increased XX% during This from and $X.X investments by on a organically network growth increased XX% a Revenues driving prices, currency in XG prior compared reflects period. revenues EBITDA the a quarter. margins million $XXX.X higher and customers. million in declined XX% decline XX.X% for lower of supports After Our is adjusting were and to million XX% robust declined revenues translation a market XX.X% impact which dollars on sequentially.
our with will begin you turn highlights. Slide sheet X, please If balance will to I
early This cash of the quarter $XXX $XXX down million facility period. pandemic. equivalents prior prior million of million that at compared global in of abundance our million million and and quarter to dollars out cash caution $XXX $XXX quarter. an year the was drew Recall under the the outbreak Our the proactively $XXX of in third balance second revolving we at the was done in the credit end
the compared are liquidity with with consistent a to Days X.X prior in the turns turns, X.X during were X.X turns outstanding third position, was in in compared prior current and year quarter. turns we prior borrowings year. X.X year. and remaining our period. prior and result quarter turns prior were the comfortable to turns X.X We Working turns, of the repaid prior quarter X.X in revolver the turns quarter the and sales all as XX-days capital Inventory
the of in quarter the quarter. principal revolving billion $X.XX at repayment the was trend X.X under billion, the rates. was current back X.X Our end to expect to end exchange leverage times normalize. compared above debt This at $X.XX times, facility X.X This net third the of range is range quarter. of Net and EBITDA to the our foreign as reflects of targeted second total credit the we to the borrowing and to conditions temporarily the targeted debt
now to discuss I Slide will debt maturities X. and now Turning our covenants.
interest until entirely a our XXXX. of at is rate As XXXX with debt reminder, average to X.X% attractive fixed an no maturities
debt, We of on covenants maintenance worsening by at caused risk conditions. so have no we not default economic this an of are event
comfortable for highlights. the dollars, from the As Please I the flow Grass flow third our a increased The to are our million position divestiture, compared in to million million dollars, in the X which XX% $XX.X with balance from in mentioned second period. quality for period. $XX.X period. previously, $XX.X the the quarter. prior-year flow Net expenditures Valley were million was cash and we compared sheet. was July Slide quarter Cash $XX.X operations related turn to Free cash of in in million capital sequentially cash in few is in Free year million quarter, liquidity the the prior-year prior compared million difference completed to $XX.X year-over-year $XX.X we quarter the $XX.X primarily to XXXX. flow
third the flow quarter We pandemic. continued twelve XXXX, year with disruption free a the generation. the expect of to we by the basis at the dollars. months quarter cash economic our flow strongest to period On seasonality, global are for was the trailing be during a end sequential million $XXX.X cash fourth free improvement encouraged robust related the of quarter Consistent typical of
my completes I Vestjens, the President remarks. our Roel. now call would the and for remain solidly to to to Roel like full-year That turn expect cash this positive XXXX. prepared flow for We back CEO, free outlook.
