join Good morning, this thank everyone, for Thank us to you, time taking Eddie. week. you and
referencing of MC finally, include XXXX; a be I numbers some of pro financial of results; Assembly will combined X, by and Assembly clarify year MC and entire which XXXX. SMTC for includes will from terminology which you’ll acquisition MC discuss be this November year-over-year Assembly SMTC MC SMTC to results. for as reminder which numbers me our assuming as let using I which date and forma, part GAAP the reported includes XXXX, previously SMTC First, includes XXXX hear was
the numbers. results yesterday as let reference numbers GAAP including call. margin, forma to certain non-GAAP referencing as the today’s we and for between release any be and that well press adjusted net to numbers, also adjusted I’ll With adjusted EBITDA. Please Finally, issued on adjusted income gross refer me we reconciliation proceed pro
forma SMTC quarter the Our for up previously of XXXX XXXX. fourth revenues compared had been of the in a was entire $XX.X quarter MC fourth in compared to XXXX. part pro quarter QX XXXX, X.X%, Assembly million, the of our revenue the quarter in On XXXX fourth as fourth reported basis, XX.X%, million of decreased $XX.X assuming to
fourth quarter the one XX% customer. of we had During XXXX,
revenue For X% the XX.X%. full over forma Eddie million, said as a year, revenues increase was which $XXX.X year-over-year XXXX. increased pro On of represented a basis,
shows revenue XXX% in were our breaks or was which by in by growth million our ago, from earnings and a $XX.X down in Test in up million and by XXXX sector. year This or our that $XX.X is Technology a XXXX. Power our $XX.X million from table our driven followed Clean sales revenue customers business release Included to sales industry XXX%, growth Measurement $XX.X which table by increased million
Lastly, $XX.X XXXX. our increased million million our then, $XX.X and lastly, Defense million (sic) from million business Avionics, and increased XXX% from in by $XX.X XX.X% by million revenue $XX.X or Aerospace XXXX; in -- or $X.X revenues Medical
the million quarter for XXXX profit or was gross of XXXX. or GAAP XX.X% $X.X $XX.X revenue fourth from up revenue, in of Our XX.X% of million
profit $X.X due or of of revenue. or and primarily in This product recorded connection intangibles profit gross was of efficiencies which in XX.X% with our improved million QX XXXX year-over-year adjusted increase XX.X% adjusted gross was was Assembly. profit $X.X revenue, $XX.X comparison, mix. of gross amortization XXXX million QX In acquisition of Our to million excludes MC non-cash
the to in was year, For XX% our $XX revenue or X.X% full of GAAP $XX.X of compared million million profit XXXX. revenue, or gross
our profit basis a was million $XX.X forma $XX.X million $XX.X our of from adjusted gross million of in revenues pro of Our pro million gross revenues. of XX.X% XXXX, was $XX.X up and XXXX X.X% revenue revenue, and was or XXXX. or profit XX% profit or adjusted forma gross XX.X% in On
of year general administrative Selling, the and for in million fourth quarter million, $X.X reported a down $X.X quarter fourth expenses ago. XXXX was from
pro SG&A forma in XX% $X.X a of revenues. on basis QX in the X.X% was a fourth or from of ago. QX to expenses percent year a XXXX in As decreased SG&A XXXX quarter revenues, million X.X%
of and basis, of pro-forma XXXX. million year $XX.X of SG&A for X.X% revenues revenues was was full in the $XX.X X.X% comparison, a SG&A was or or XXXX. in on X.X% million SG&A In of XXXX million or $XX revenues;
GAAP $X Company of We net million. ago. year net and net reported the in XXXX of income fourth In adjusted comparison, period of the of $X.X $X.X quarter a million loss income reported same a in the million
year In operations, net million intangibles related to we related recorded For included of of to MC acquisition share, the million manufacturing closure million, loss ago. GAAP $X.X full loss a related the of China of $X.XX and negative a $X.X to $X Assembly. year, restructuring a GAAP net million, comparison, a we reported $X a amortization primarily which our of or charges of
$X.X Our in adjusted adjusted or improvement XXXX forma share, which loss a pro $X.XX net $XXX,XXX. was and income in XXXX was significant to of $X.X the a compared net million, million per
of reported, Adjusted basis, million EBITDA and from X.X% or $X.X as a a year X.X% X.X% compared fourth in or $X.X Eddie quarter to QX or million of of increased million revenue to pro-forma the ago. $X XXXX revenues on revenues
to of The pro full Assembly. MC million year, operational adjusted EBITDA efficiencies improvements from adjusted achieved improved $XX.X or X.X% a due of and in EBITDA XXXX. synergies from from the EBITDA from revenues of increased or revenues. For to we On $XX.X gains in adjusted million was $XX.X of X.X% the basis, million integration X.X% forma or revenues
and fourth reported on I'd other key Now, comment the the for that sheet financial balance to metrics we quarter. like
Our Inventory cycles DPOs at the days, of over days. the XX cash-to-cash quarter and DSOs XX were X.X at with XXXX. in averaged days XX quarter turns fourth
fourth end at the as progressing strategy at deleveraging track. is sheet, end the compared down the a prior quarter quarter. obligations, and end million, $XX.X to was debt from from ago the year, XXXX. debt, on balance excluding the and down of our lease million million Net year fourth quarter $XX.X million operating $XX.X Net of of Our was the $X.X million the finance at $XX.X
ratio. remain rights acquisition, both Since focused our debt-to-EBITDA current and debt-to-EBITDA XXXX, to Based XXXX. ratio, register completed as X.XX than excluding projections, in offerings direct MC achieve to on as in XXXX. Assembly leases, less debt-to-EBITDA end from from We targeting proceeds with are reduced a our our performance we X.XX, the the excluding improved of June our have by ratio X.XX on leases, from our offerings, well we reducing
principles since and Management reporting financial or have our of such America. external XXXX supervision, our under exceeded million XX, provide June reporting accepted reliability internal compliance our we opine initiate reporting, to of at the accordance control to auditor market as required reasonable regarding Now, the purposes the in XXXX. to accounting for the be were control we Act certify reporting financial in our assurance with $XX States our over over generally over with Section and external caused December such internal XXXX, financial XX, required that financial is Sarbanes-Oxley United designed designed to reporting capitalization controls on XXX(b) of of XX-K of accounting of internal
in LLP our LLP, internal the that of identify our of as audit XX-K, in auditor in areas our and did deficiencies. Company’s and issued the the change-management report due in in a reporting. our aforementioned their over financial XXXX will the our user XXXX to statements statements accounting auditing been and misstatements an program adverse material filed There support Company’s auditing and has result control material Included today, annual financial is financial weakness opinion an we on financial for financial controls PricewaterhouseCoopers over internal responsible registered financial systems the firm, processes. financial internal in has be to no on a material the the controls these technology to information statements the of PricewaterhouseCoopers report general over on not Company’s identified unqualified related statements, reporting access independent reporting public any weaknesses report. misstatement opinion controls
these not efforts material the prior year be begun. effectively. of are that will The for expects will controls period weakness the testing, operate fiscal the Company sufficient time remediated end XXXX. management The this through concluded, of be operating completed to Remediation has considered a controls remediation material of weakness applicable that have until and
the supply Finally, the revenue range XX, the Based our at September due as on we we in business impact previously a this guidance recognizing XXXX projecting $XXX low on are reaffirming to XXXX between we to customer the for time, change on million $XXX million. of full demand forecast, coronavirus. additional result provided interruptions, year can the have and of chain current
revenue our As was accelerate the than EBITDA to expect we faster XXXX, adjusted case our growth.
our million, to XXXX $XX for for adjusted outlook XXXX. to range EBITDA $XX between to XX% current is an of compared improvement and Our XX%
on With for business. that, you. some additional Thank here’s our comments Eddie