Chadi. you, Thank
you slide me XXXX. give of our the of give we an move end will believe to Let through that markets turn balance the Please and drivers momentum as XX. we us overview
QX XX% organic QX. Demand saw both remains in orders Let's when a aftermarket QX, start largely orders forma X% volume new strong on to increase Year-over-year, basis. product were flat from XXXX for we healthy. saw to and a Industrial. equipment grow a pro with order We
industrial most and geographies, Americas across partially the strength in favorable weakness are Asia, general in Europe. with of markets offset Our by spots
mid-year scrubber At year, X% will demand increased revenue, generate with through strength half the control actions By of commercial pump new marine, strong X% for Europe solid of X% positive globally seeing critical base both X% in year. margin ongoing across parts on the in a the the Industrial spare on particular power, demand installed our generating prices and in sequential second to see aftermarket revenue. we we we're to obligations vessel focus space. our continue strong weakness industrial This remains momentum by on valves Pricing business. half orders offsetting for the business. continues this lift niche, the to prices quarter XXXX the Asia. horizon, of service roughly the to raised approximately the end with have In orders. for XXXX, We In general is IMO
quarter aftermarket we For least with driven strong and backlog by two the in years, overall, second the entered Industrial largest orders. at OEM
our to and For year-over-year capitalize leverage product our high the of breadth higher sub-segments as the within of and we larger end QX, markets. portfolio expect orders sequentially brands our growth on we strength
let's orders in project the project by stocking orders Refinery Now orders primarily down timing shift difficult Energy Refinery to Overall, orders. were Valves compare organic in year-over-year, due a in QX Valve orders in of QX, with significantly driven down segment. our Valves. timing were large Distributed and of
Permian that, this softness aftermarket predict. for and a Distributed demand orders rig a in lumpy, led services completions This past, with Valves, the outlook few for in mentioned Asia we primary well remains difficult outlook the customer saw the half and quarter. our we've the Having due remains increase we said to of be levels first strong, factors. As The drive business high spending softness in activity with levels takeaway in regulatory to market International a XXXX active can order of timing in in decline business prepare XXXX. in Engineered East capacity downstream change remain In robust showing overall the is this orders to project to sequentially in IMO U.S. markets. launched is new and for distributors sequential success And installation moderate as we're signs Valves, declined of recently customer Middle In Market project. second out QX, order building unchanged. most for seeing count continues our products. as QX. expect business. continued the our upstream in activity In The an our strengthening. and finally, building increase capital in
activity, quoting We do the point in market near-term. increase While in we're moderate seeing the an remains inflection a not expect difficult.
We QX expect with orders line in in run rates. recent
with For orders line we Energy to expect in rebound in prior overall, year. organically QX
in second anticipated capital and Refinery spending and growth to the expect year high in driven by investment new Valves, driven global half and of the by gas We XXXX. upstream products the levels in related IMO oil activity increase
Defense ongoing XXX upward Boeing orders trend orders Strike related to orders Our in The increased reduce Aerospace a segment rates remained Boeing's activity. organically QX, Defense. program. production aftermarket the Aerospace submarine impact MAX Navy of destroyer class million. strong spares generated U.S. by amid Dreadnought growth Commercial & quarter strong Narrow-body Airbus was the $XX build on U.K. Joint not in aerospace decision which the of strength supported defense their recent another by material the the review to to Fighter, driven will DDG & have XX and continued quarter. XX% large XXX in and
A&D, to aftermarket spot focusing We in and primarily on continue demand. prices raise orders OEM
with and by both backlog driven & on growth line. strength In year Defense bottom The For Aerospace orders, top naval aerospace order quarter least second entered looks the two QX, demand the expect the continued we defense across overall, remainder strong at in in commercial solid the we years. portfolio. strongest aftermarket and the year-on-year of
I'll over guidance. give discuss the Chadi call to Now to
