Thank the with to you, our the the of incident. period. X% John. we eliminate quarter fourth down fourth cover combined for and sequentially of and of above including the of our impact thoughts first for quarter, Revenue quarter Starting provide guidance full year did high I'll each range. results some ransomware revenue our $X.XX company year-over-year results down billion, $X.XX and end previous was compared XXXX,
fluctuations results. X% compared year-over-year Excluding fourth grew on pass-through, combined revenue in quarter foreign exchange impact the company a palladium basis to of
previous revenue million, which expectations. was X% better $XXX results. Turning to each sequentially declining end the and quarter than compared combined our our X% growing for period, market Fourth year-over-year result to comps was semiconductor
chain in year-over-year packaging market and newly restrictions team quarter, U.S. Despite our very million, enacted in fourth and from the export supply to $XXX results each delivering constraints as to previous XX% well combined our of headwinds decrease electronics as revenue sequentially well continued was customers. period. executed the from company a for quarter Fourth X% compared
we on softer fourth quarter function have quarter. packaging primarily sequential pass-through, demand. in revenue inflation declined combined XX% of electronics resulting and revenue, Electronics overall year-over-year fourth to the exchange, revenue On from a foreign company in basis of the a revenue revenue is results. global decrease basis, compared a this XX% chemistry impact of lower the Excluding
to recent our the interconnect Day, and As integration in unique due we our opportunity we miniaturization greater package a to complexity. capabilities in Analyst optimize have require substrates PCBs trends mentioned advance to as combine
very capabilities. meaningful combination focus companies our deliver design are the chemistry we revenue begin X That drilling customers reaffirms that as cycles. the in the on next-generation from pleased combined We laser and initial device to marketplace our with of can reaction belief synergies our
fourth to to and sequentially Revenue results in specialty combined $XXX X% compared our Moving quarter year-over-year, company in was period. the each previous industrial market. flat declining million the
quarter, year-over-year palladium revenue combined in on exchange XX% X% basis. quarter company the market total foreign of the specialty impact industrial the revenue. Excluding pass-through, up made fourth of In a grew
service revenue, fourth year-over-year categories margins expertise comprised some in basis, market X% our the market of foreign share As in combined of and of secular proprietary into technologies utilizes quarter, X photonics, In XX% broad company attractive cash allows case a specialty serve our growth excluding materials of flow. across the reminder, revenue of a vacuum, our impact total end exchange palladium to opportunities, in us and tap applications. pass-through. diversifies the in our on array revenue This a industrial consumables to up healthy
to and Looking provide as we stream we this financial macroeconomic cyclical greater of softness. period forward, model a revenue resilience in enter expect our
particular, strategically the bipart actions by services drive reorganizing semiconductor and momentum more services years are Our showed profitability we in results led strong These a growth our to market-centric ago, revenue, several strategy. a took market. of
benefited constraints, the margins. the a were expenses product our range. $XXX also guidance well We margin of up of of favorable from due chain mix. inflationary more from quarter higher high guidance midpoint continued pressures supply exceeding our our million, XX.X%, reported Fourth did volume. end addressing in to to and operating quarter slightly Turning We revenue fourth a gross
XX.X%, operating model product quarter strong high mix. favorable along of leverage was in with margin Fourth significantly to due our operating end guidance range the our above financial
we is to million $XX post of of progressing integration target synergy cost track are Atotech close. within our well, and months achieve on Our XX to XX
EBITDA adjusted our million, quarter Fourth was range. also $XXX above guidance
$XX was of lower quarter This fourth increases income. the for with reset anticipated expense well is we interest relative favorable Net slightly higher million. Fed loans timing interest as our XX%. was dates margin of rate as interest EBITDA Just than term to
was Our for better tax income. expected the of to quarter in mix rate estimates refinement XX% geographical due a favorable fourth valuations acquisition-related of than primarily
earnings or million diluted for $XXX $X fourth quarter were per Net the share.
cash million. fourth maintained quarter. Exiting record Turning balance our our payment facility million to cash credit of investments voluntary a deleveraging, million with revolving made principal of and the flow. of and $XXX quarter track liquidity Consistent the of we strong $XXX and with short-term $XXX sheet in
the the included quarter of in billion, debt to due offset quarter. euro-denominated which debt prepayment, of voluntary $X.X partially strong revaluation by exited a a gross euro We debt with the
quarter XX-month fourth adjusted net on a been the Our ratio company leverage combined X.Xx calculated exiting EBITDA. trailing based was has basis on
fourth For $XXX and million, $XXX free was flow operating was quarter, cash million. flow the cash
share. quarter increase the we million, in third dividend payment reflecting a Our million $XX an from capital a were is to of $XX expenditures of compared $X.XX Atotech. prior or per quarters, fourth It full $XX million quarter quarter, with contribution had the
a Moving with was record consistent billion, we reported year-over-year XX% combined billion with year-over-year. Atotech, company to basis full year up XXXX $X.X results, On $X.X a in XXXX. revenue was revenue
billion, $X.XX Through X% grew inflation combined for of grew year-over-year. exchange. record revenue company. XX% XXXX, the Semiconductor another However, exchange the revenue foreign through XXXX Semiconductor pass-through, revenue growing impact in foreign set impact of XX% year-over-year. totaling the
delivered packaging growth on and vacuum our We reflecting strong basis. in was our photonic XXXX [indiscernible] solutions, $X.X combined unique across billion company breadth technology a leadership. of revenue portfolio and
company X% palladium impact pass-through, of on sales exchange, Excluding a declined basis. the combined year-over-year foreign
$X.X basis, palladium electronics and company Specialty performed including a sales X% growing revenue exchange excluding foreign impact in exchange company was inflation grew business well XXXX basis. year-over-year, the packaging on pass-through, pass-through. on Atotech's year-over-year in combined market, X% of Industrial billion a foreign combined
in palladium packaging, especially combined basis, Total of billion to revenue from our X% amounted company basis, semiconductor split on up combined in and markets a exchange was a Lutron company respectively. and industrial pass-through. XX% $X.X the on XX%, year-over-year XXXX, between In XXXX effect revenue consumables foreign service the XX%,
flow a addressed For flow from the now and reported million outlook. John the to on turn XXXX, was basis, $XXX cash incident. free million. was current ransomware quarter operating our recovery SaaS cash I'll $XXX first
Given to not focus effective just serving to are for that quarter. able guidance are starting on provide our return operations we production customers, our and our to our the first usual
In addition, of yesterday, have XX-K. seen you our we an verification file with as SEC extension a may to filed the
that of require we restoring process we're the complete annual in additional report. systems, Given our to our time
not Proton incident impacted. the divisions. As Vacuum John of our Materials were our Solutions our and The for Solutions division impacted operations noted, has materially operations
cycle to markets. What can a event, are MKS decline the we revenue modest electronics by share sequential prior quarter industry, market our and spread especially spending revenue, publicized offset planning $X industrial This to to widely impacted reflected are in somewhat and in packaging that and electronics strong for first weakening into we in market. MSD quarter, approximately industrial electronics backlog be a revenues global is guide packaging continued the total and billion. semiconductor Ransomware the softness specialty coming across
$XXX impact at We million. estimate forest revenue least will our by incident the Ransomware quote
However, due and we also Price the recover by of expect expecting the volume incident, mix. to the quarter this fourth XX.X% gross of levels from revenue lower the margins end quarter. down to second substantially we're
and we're and $XXX million marketing fourth up to approximately due seasonal also levels from increase the expenses, fringe as expecting product and continued investment expenses. in in In development primarily operating compensation customer-facing quarter, well terms first of as quarter sales expenses into
to Our cycle driver in exit a strategic behind been our to ability maps. to our market to road stronger continue continue customers' critical a position long-standing invest product accelerate plan ability when industry and key initiatives in close has on needed. proven eye for a maintain levels playbook We us also and adjust to keeping costs managing its to for our investments. and macroeconomic allow We're cycles spending if to trends
time. synergy example, an of X/X period approximately ad our we've tech As already of a within short million target just $XX executed cost
first Just million. our quarter, run our currently to expectations prior our We interest be rate $XX the expect to expect to we XX%. be net into to tax expense
to With turn back wrap it John I'll that, up. to
