When we launched ESI, we talked about a value creation model marrying operational excellence and prudent capital allocation. In addition to reporting record results yesterday, we're also announcing the acquisition of Micromax, a highly accretive strategic transaction and a value enhancing addition to our electronics portfolio. This was our highest quarterly adjusted EBITDA since the inception of Element Solutions Inc. Our electronics segment posted its sixth consecutive quarter of high single digit organic growth and achieved a record level of revenue.
Excluding the impact of graphics, adjusted EBITDA growth would have been 10%. Despite some of our legacy end markets remaining below prior peak volume levels, a weaker EV outlook and a soft macroeconomic backdrop in Western industrial markets, our teams are executing well on their strategies. In our industrial segment, portfolio optimization, productivity initiatives and high margin wins in both verticals drove strong profit growth. Despite a flat top line, the segment saw meaningful margin improvement and excluding the impact of our graphics divestiture, adjusted EBITDA growth would have been almost 30%.
Just as burgeoning investment in data centers and their associated infrastructure accelerates demand for innovative material solutions, our portfolio is uniquely positioned to provide those solutions. The acquisition broadens our offerings to our supply chains and enhances our value propositions to OEMs and specifiers. Like our circuitry solutions business, these products also fit our core competencies in formulation and our high-touch, low capital intensity operating model. The transaction meets our robust acquisition criteria and is consistent with our strategy of disciplined investment in markets we understand and in growth businesses that we believe are better under our ownership.