our to XXXX and call. everyone year morning conference Good QX welcome full year and Claire. Thanks, full
year XXXX, on I’ll Over couple minutes, next outlook give the we’ll of and through full you QX some take you XXXX.
page quarter jump quarter, As saying mixed has into challenging sales let a were the and by Net deck, been $XXX.X experienced almost enterprise. driven right that the we for segment. for organic of this in in the three me growth Sciences million, growth the highlights and start was by markets. automotive entirely offset the continued we the in Life X% quarter by The Life Sciences global our headwind the
quarter, our Within added million. acquisitions the $XX.X
we largely basis basis As improvements we Life to Life capture year-over-year again within operating and Sciences continued the look points XXX at adjusted synergy on expanded Sciences. XX.X%, a was margins, driven by growth
that decremental the flexing automotive the on appropriately been side, facing market in the we've Additionally, has given market. the been enterprise global headwinds primarily
share per earnings $X.XX. was Our
as million $XX QX flow was $XX about cash for million Our expected. was --
leverage was of net probably the release, of basis quarter press charge million. many reductions impairment Our we you have about seen a for non-cash XX issued as points. And $XXX the
a GAAP-driven flows, cash on expectations strategic is the related or the strategic our not does the Just This process to around market our impact cap no planned impairment. going operating be our business. XXXX, non-cash of or so at forward. has to activity performance, alignment operational for year-end impact it This clear
be to wanted Just clear on that.
move fourth we were overall As Page up. to sales net quarter four,
should what the and When expected, business of performance was -- year. entire And comparison what the be do to wanted Paragon this you had bar what of is the what an in year you moment the a we look good a bars entire red at we you would have was the the give in red, and take on me expected, to owned for Let looked orient to chart. this business like. like, indication of
actual our purpose up have sales, million the $XXX So is perspective, Paragon it -- when a would $XXX about owned $XX had When at million comparison million. the a we XXXX, about some to from expected think enterprise to have for comparison be you $XXX from period QX, look in as we million. net you entire
perspective, We'll recognize When share So we integration at from comparison charges. we per we have holding adjusted basis deeper of as points these forward. numbers, than $X.XX up a have gross do some $X.XX, per from into the outperformance we earnings you actual, earnings are are come about at that in we transformation relative about dive a would XXX go perspective. there. better share a look On diluted $X.XX to XXXX that and within costs expected to margin
holding And SG&A flat good have to expected an enterprise, a in would at SG&A we million. perspective expected have around And this a bit year-on-year. be a million is We this we would Paragon. year-on-year, is we're the from post full perspective, actually and -- actual it flat synergy $XX candidly, once on so very fundamentally, be had story. $XX and higher to it's somewhere
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to are. it's chart been so there's where that, debt this to get to our some questions some something you our and minute up page, take agreement. gives by into move everyone calculated As And we wanted insight understand perspective about we we there leverage credit a and this help as
chart The a cycle in other our investment gives of the and really the business. cash nice view flow that you is this takeaway
half culminating and of of communicated, free came down debt in As and this second generation the million and the we the in leverage quarter XX the expected cash as a we fourth case in year, in expected. with
XXXX to we to I sort that business. you cadence as in delever this is continue the see continue think forward, business the Going of seasonality and/or in expected
power quarter, a to about quarter customer talk business groups, As by on the this we some manufacturing The underperformance issue. within was solutions, we million. top as the the $X underperformed related within directly line the get into business
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you So job we've Industrial. Defense with as Aerospace the in as look quarter and fourth program a new General Solutions, in the and nice at done launches you at Power look -- our
some again quarter. the that manifests proprietary XXXX margins fundamentally, the mix product XXXX. that technologies, did again itself on investment in plan. relatively see of first in have will to been You line manifest in some that, the due in itself we top shipping of profitable unfavorable the that have especially loss the We But begun muted
is in we this represented largely Europe some Solutions, represented this a business that, Mobile of quarter. the markets, about in look to America and segment challenged we was million $X point $X As time. down When was about Brazil and North move million the that. flat. China $X million at this at of
came the in So we million. comparison, $XX sorry -- year-on-year quarter-on-quarter when look I'm were ago, at we year versus at at a you $XX million the
the margin the can from line. lost You see impact top
continue back. As automotive we look at to they pull the markets, global
XXXX, startup appropriate taking cost do manner net out XXXX trend. of accounted more business expect, ongoing and tell and we've have little for that is will numbers, a -- costs bit more that you in an we talk as these forward I'll With and we we'll a margins XXXX third said, the talk normalize you that if to this that. within that the we that accounted Recognize investments, seen the had business as have in we the We expected. get quarter, net flexing an is FX in the as out for plan of and look appropriately we for so about the about as impact business decline plan. and about in I that sales, and into flexing that the the in We mid-year
we about Sciences cycle late businesses our point, peaking Life business this as businesses early recognize our we when Sciences, star expected, is Life our As and operating cycle we've in, times many about what's going Sciences talk the businesses and Life currently growth. at growth demonstrated itself here. mid-to-high legacy XX% by that’s Paragon demonstrated happening XX% growth, digit year-over-year. growth single XX% are and north of not were little talked a
So, so there. nice line top performance on the
doubled XXXX, backlog roughly since in Our has backlog. almost $XXX million to midyear
about the from and line seasonal perspective as business line operating the is ahead so quarter performance acquisition from in are Our margins in fourth XX.X% plan, and plant activity, the with at margin. typical at our in well of the as see -- you overall perspective
of Adjusted million. fixed in cash a year XX.X% quarter, fourth operating the leverage largely basis $XXX over a rate to on commentary to million, Sciences. $XX Life the closed executed million organic by of of of ago. swap. just interest QX, growth X% subsequent driven a growth, as about we note, And sort to down improvement we So margins X.XX% points a free sales XXX $XXX Net XX%
immediately six basis what XXXX our and So by plan is, forward, interest from some we going we've done and points. interest reduced significant we the rate removed our variability expense
course X.X% that for like organic growth red despite solutions in we headwinds we As market of diluted nicely solutions as say expansion the little program is that Power owned the XXXX have outgrowing quick has we XXXX significant business had The – and set half more second countercyclical had about the that, facing is X.X% The a the XXXX a our has just Sciences adjusted business Solutions in and year, looked wins what Those are as in launches portfolio on that. as business is designed, year. the a bit about in we it's that full period. have within the in business key the year. us bars In mobile our we'll we that our up the entire reorientation. little turn marketplace. adjusted And and in mobile headwinds performing Paragon to of had EPS summary, was as -- Life the is to again, over talk an would we the for
of On margin net an As the of at totality, in its acquisition perspective, expense in enterprise a overall is see in well. margins that see at as sort XX on headwind you you X.X of pretty perspective, In flat. on margin business up and flat the margin; From EBITDA integration page about were we're about we holding gross significant businesses, our headwinds. this points spite within spite diversification operating about an adjusted chart -- margin, early look of the power margin. we're the cycle look you you of gross
me I let of again side business we dig the XXXX set the the bit for the The chart side all. soon. results for is and this the once let you is into coming will the me left commentary XXXX the little that -- as on sort guidance for As we chart you right is up give a year, of of chart orient
-- sales growth. you look you numbers So this at from organic in at million see as actually as you million net these $XXX solutions, don't to power X% what $XXX look and is a move
And market. explain me decision me a this exit e-cigarette let the bit. so made to intentionally little We let -- a
for good that year, sales, nice made a brought a little of the margin million about market. business long business million, exit was to e-cigarette term was very during During that in with some decision it $X there the $X XXXX, a fit and worth that we it not good the and north
that part in And we're these margin perspective, margin growth this as effect organic X% in e-cig said as is earlier, for down exiting business. about Power for money so, a themselves an On being programs not on of XXXX. startups new X.X is Solutions well in as numbers points, adjusted spent business I embedded the the manifest
construction control that As in to growth talk side index this the index starts and right line that of Defense line. Aerospace you and the and expectations. that in the about we a are top our fundamentally are our displaying is non-res we the look but markets and page, -- space, bit flat, Housing XXXX the little with move at
driven to into and So the in production by programs primarily we startups, done which is moving and XXXX. is expect in X% this grow that this the was XXXX. between work business full mode new X% XXXX in And growth
plants efficiency online, Those they improvement and California. new have as in we the in plants bring are we up we as as fully the improve continued – our Massachusetts, those business coming increases business. operational year, one the come two we Continued up in continuously through -- efficiency within as nicely, Aerospace one spin and Irvine this
to driven the of margin in overall business, a from you and an normalized this a the state, growth to on and think growth portion business business. electrical the the to is in When XX% this defense of business Our the a lesser normalized from by perspective, side extent improvement about operating is a largely XX% aerospace margin state. margin
see And to as these so you mid-year that expect we fully go and launched. around are programs with should it forward
over of And the flat headwinds. as we majority as move we As of market sort business saw to is solutions, out headwinds. fundamentally, where this you our significant being see this netted year-over-year despite mobile
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out I safe the place think the to this headwinds in took majority that of point year. business it's market in second the of the half
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but in markets, will Now The somewhat is over entirety adoption levels offset, expectation. in production we those the us help our slowing muted even we recognized of nonetheless with course headwinds the market slowing, full its CAFE year. levels with XXXX, the are consistent be the will with the assuming the rate think those in
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business grow we we -- as in invest this programs continue think that are still We There that that there invest are to beyond XXXX. this to and chasing and and we forward so continue business. are we out attractive we look
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As see bring continue we’ll $XXX we business, as capacity this in our we to line as come more we go down XXXX. from and through normalize on backlog million
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for that we've -- been been that's shares additional the that's So number. stalled on issued
business the delevering within continue will focus XXXX. on We to
net $XXX of million, quarter EPS X.X% a the we highlights by cash XXXX, at year-over-year. points XX.X% the million. when leverage of for flow Free thought over XX Since expected of providing provided operating year. reduction for so about $XX Adjusted improvement we we is and helpful which in a the basis not turn margins So year-end it of operational forecasted leverage you if be the quarter guidance XXXX, EBITDA at time look are phasing. would
second XX% in EPS is And of XX% when you to a Life for the things. the it about QX. of So EPS XX% about third with well When QX, where has to QX the is, the and the of think typically settled. with we within as you and the the Sciences about in this a in think are towards and do quarter. being XX% the construct sales quarter of about in new XX% first to couple being to In sales program Mobile quarters XX% our the XX% and of reach as in our our the have everything our within see end Life In to XX% launches within levels of production of of have a corresponding enterprise, with business, of Sciences year about XX% that in portfolio with to our XX% QX. with our quarter, in XX% of to will QX, similarly seasonality second XX% and with the and Number now our XX% business, QX. EPS QX, business, to strongest to year XX% XX% within we'll XX% QX, Solutions QX. we'll one, EPS again Much
within the year half the of and second EPS solutions see pop mobile the in we business. the So up
flow diluted significant exhibiting on year million. Adjusted $XX in expected a between EBITDA $XXX of basis, activities XX.X% of efficiency that we for $X.XX and $XXX overall again, to to $XXX all CapEx, diluted more as finish so Operating are three guidance the XXXX. we diluted continue on business million. to all million. through more million as million are -- and on low on -- net million drive segments of we the and to EPS $XX Page the and grow. go line, And move space. of high, to integration $X.XX $XXX free Adjusted we XX% As margins more cash more our to top the three comparable XX, expansion Again, to
on delevering focused be continuing delever to organization. the would that -- so And
quarter second in EPS As all quarter with the the $XXX million open is you $XX XX% Again, our we I we to lightest be for to questions. XX% our perspective, remind think and between million, we'll we I to you will Page out point, is move me which as that this the EPS have. $XX to in QX XXXX, third quarter let we about talked our look quarter, the the representing mean, line by XX, with of XX% year between a $XXX and of and XX% our million. expectations will and first of at million in year. XX% we EBITDA from the and That’s XX% for followed in line sales sales
