everyone, Good you thank and Tom. morning
Let with our prior fourth on supplement. of me were million, our from the organic sales period $XXX year with highlights sales increasing Fourth quarter quarter results begin X% Slide of up X X%.
points. Foreign XX.X% exchange, $XX.X of million impacted and Adjusted operating income down adjusted from year, last X% operating XX negatively this sales adjusted by year, was X%. down margin $XX basis was million
tax tax the increase year by CEO CEO an $X.XX Net quarter effective down a Adjusted per a income in per was in the X.X% net diluted current income foreign share ago. year. of transition was per last XXXX net tax basis, the was million of rate compared related share items transition. to ago. primarily restructuring $XX.X quarter from share the our $X.XX associated as $X.XX Tax compared $X.XX the diluted related per quarter charges $X.XX fourth driven tax The or a year charges to drag million year $XX.X of adjusted non-recurrence income was On was X% in ago a cost. and and rate excludes effective company's $X.XX XX.X% with of tax or share of beneficial the
an had year $X.XX X%. year, versus income year. up points supplement, full decline of were margin XXXX adjusted negative sales on the basis On basis prior from million billion, was of slightly a X%. while highlights, were sales impact our a Adjusted XX up $XXX.X to Slide million of $XXX Organic operating FX Moving X XX.X%. our X% operating last decreased to
to million was year $XX.X due lower $X.X average a For of million, interest decrease the borrowings. expense
impairment beneficial tax non-recurring is transition, in Barnes tax non-operating and Other ago. rate expense in not mix associated last effective was driven effective between charges last million, $X.X tax goodwill because foreign tax tax expense. of pension compared The the a of this company's offset low year $X.X was year's in a rate charge, jurisdictions. by tax which XXXX million XX.X% for These by with benefit from items items XX.X% the partially high the with down year, was The non-recurring earnings the -- increase XXXX reduction CEO year. were change and primarily deductible,
the the tax items be costs, approximately would XXXX goodwill tax related rate CEO of and transition adjusted Excluding restructuring, XX%. tax impacts for the impairment, effective
quarter. was EPS Adjusted year. adjusted costs, up income and million recorded year the share last to of we restructuring $X.X share of a On goodwill compared or per a XXXX $XX.X in $XX.X from basis, $X.XX excludes or XXXX which charges, an related second net net CEO related $X.XX, XXXX for was For per a impairment charge, X% income $X.XX $X.XX transition ago. tax from $X.XX million share per
our I'll with Now Industrial. beginning performance turn to segment
operating while lowered profit Organic unfavorable down million the fourth X% from a sales the approximately X%. $X.X by ago. quarter, Industrial's increased $XXX were versus prior sales million million, exchange year foreign X% $XX.X sales was year period. For
was restructuring of X% and year, was charges effects by XX related in adjusted inclusive basis the $XX.X operating Excluding profit down productivity operating China. in COVID profit impacted million operating current down million was margin X.X% Adjusted related $XX.X of lower of points. adjusted of
$XXX year X%. ago sales year, from a the down were with Industrial sales million For X% down million, organic $XXX
while XXX basis $XX Foreign million, of an X.X%, exchange On decrease margin profit down XX% a had a negative points. X%. adjusted adjusted basis, operating impact of operating was was
organic Moving increasing At to Industrial this across XX%. strong solutions, we're orders businesses. and quarter again orders the molding sales for our year,
the for the have that of as one looking actions we our on is this right path. mentioned, Tom As leading indicators are evidence been
Organic X%. sales increase
XXXX China organic and the to down For quarter. organic Motion we X%. Organic digits. Molding soft up up total X% At Engineered saw sales transportation given with you'd sales intake mid-single outbreak. the markets be strong year up orders versus were a Force XX% increased digits orders single Solutions organic expect particularly orders, related sales and low-to-mid wise, was in X%. driven sales expect ago, as grew COVID by by Control Components end
and Control single expect we Components sales Motion our orders while called organic business Automation new As a businesses in up are organic At unit Tom and business X% increased and to Control digit low growth into total were see XXXX. Solutions, Motion mentioned, combining this we Force sales XX%. strategic organic Engineered
sales single and We digit total digit for growth double organic expect Automation high in XXXX. sales growth low
segment, anticipate overall margin sales and single the X.XX% and digit mid-single XX.XX%. For growth XXXX, organic digit low-to-mid sales we between for adjusted with total operating growth
orders. X% acceptance favorable strength XX% were to up ago. year million, a certain $XX to million, Aftermarket with profit Operating sales of continues X% timing be due to the XX%. compared customer sales of was as from prior Aerospace year the down was $XXX At period. growing up OEM
adjustment volumes aftermarket labor the offset productivity. $XX.X performance up Contributing in Adjusted restructuring year. profit the profit strong last favorable a to Excluding year. last benefit to XXX,XXX, of flat higher of in operating X% unfavorable XX.X% was adjusted sales margin by is from of operating million operating part adjusted was of
up solid million, our profit XX%, from $XXX $XXX business For XXX million basis was the million, XX.X%, year XX% $XX.X were full the margin year adjusted was in book-to-bill OEM an On operating orders X.XX Within were adjusted points. operating quarter, a basis, X% Aerospace up and the times. was sales ago. up up ratio and
was increased and ago. a Our quarter sequentially X% XX% last by higher OEM than backlog from year
We expect to over next to this the revenue backlog of XX% convert months. approximately XX
up body double narrow on OEM both XXXX Our is Boeing. program and by outlook digits low sales driven Airbus aircraft for from the LEAP
As has XX% healthy up throughout up parts growth and with XXXX, aftermarket case been remained XX%. the MRO sales spare
anticipated XX% forecast MRO high double is spare performance For XXXX's with single and growth good of digits. XXXX continue up operating between top digits to to we Aerospace XX%. sales low margin and adjusted parts be up on
in capital cash to mentioned working With quarter, lower the XXXX. increase XXXX. XXXX And The related activities to prior operating as and remain down $XXX performance to in an I million year year drivers in is by generation primary focused capital we'll priority the as versus million full period. the $XX incentive cash working was wind a begin in of paid inventory respect compensation cash, for last provided
third as cash up balance $XX Free Capital the net debt-to-EBITDA versus X.XX million was debt-to-EBITDA was our year. end, be from cash were our $XX million sheet flow ratio by on defined approximately of prior expenditures a approximately quarter slightly basis, up our last agreement When end the the position considering With year. quarter. we'd at credit X $X year times. million, $XXX at times from million end
shares were fourth average shares. shares diluted XX.X end quarter million million were shares period Our outstanding and outstanding XX.X
shares we million During any under Board's and not stock available remain did repurchase the the XXXX X.X quarter repurchase authorization. approximately shares
provide me X for Slide initial supplement, to our Turning of let outlook our details of XXXX.
up the be be sales organic to in year expect Adjusted to X% operating XX% range previously to we X% XX.X% adjusted share. expected as to to up and increase between for taken. EPS restructuring adjusted charges, a We with is will We of $X.XX $X.XX the that decisions of anticipate additional XXXX's $X.XX, an XX.X%. are from on announced X% for currently earnings number though forecast impact $X.XX margin EPS per
$X.XX in the an lowest the Most do approximate of split second $X.XX. last the split. see first the second known half, of higher weighting will first evenly a adjusted impact EPS quarter two approximately see and quarters. between the second to $X.XX range first be the XX% being of we Similar the half XX% with in years, to We point half
cash XX.X% shares pension, A few CapEx of by million, is XX.X%, driven income between higher other rate approximately and $XX conversion anticipated of million, average approximately a of million, and diluted non-operating outlook expense effective million $XX driven XXX%. Other interest $XX items. of approximately to by Interest $X.X rate environment. approximately be tax an
note cash influenced restructuring transformation. actions. performance could XXXX phase. previously to our extent The cash still like transformation would activities this to full outlook, drive includes further investments outflows is adjusted announced in be negatively related I planning our like the earnings of only Actual that to forecast by cash
pressured with a a summary, steadily Aerospace and continually year recovering business. a Industrial In was XXXX business
to efficiency. solid XXXX lay progress we continue Consolidate, growth, profitable expected to performance. Rationalize upon to undertake a build to meaningful margins improve in capital operational and to footing and Integrate, working show are financial raise which will to As Activities restructuring improve work operations that our and actions we'll
the call questions. Operator, we will open now for
