team. Pipeline review the our with of the exit since Board's and financial spoke you A completion leadership to our XXXX discuss morning, the last a the results. this Thank financial loss-making of us forum, and you, strategic happened alternatives, including second has business of Scott. thank executive you a appointment in of everyone, new joining for from initiation Good lot quarter our we Engineering restatement,
the creation culture with company. our maintain As CEO committed to we important ensuring assets, value am and of our President most I across a people. This of CIRCOR, starts
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and automotive various commercial and industrial markets, gas. machine general a oil critical including processing, applications range marine, end power of and in downstream chemical serve various markets, Our generation, tools including Industrial midstream and products
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Slide to Turning X.
priorities businesses, delevering drive the to margin growth profitability three are growth We expansion. Starting and our organic across and expansion, on balance margin with focusing strategic sheet.
We are four driving country best-cost areas: in modernization. factory value-based pricing, actions simplification, manufacturing key and
For expansion. few the our used segment years, past to and growth successfully in A&D have we value-based pricing drive margin
same segment value-based with implementing Industrial cover positive in are significant principles the We and a our regarding just segment our minute, to near-term see but a XXXX. price/cost results. in our we pricing XX/XX now Industrial I'll in in philosophy expect expectation benefit
simplification. Looking at
our evaluate opportunities identify cost cost and for teams our on $XX customers. implementation. basis, identified structural already to in our out in future XXXX resulted to we simplify have continue operations half first the across have to about These of million additional opportunities company structure of the We and annualized an closer while aligning initiatives
capacity, In growth, addition, China. factories, India when and implemented. as are making from savings Moreover, productivity capital expect we in we in are investments and sites as sourcing well increasing our investments fully countries our manufacturing on improving significant supporting to and generate selective continuing drive these best activities Morocco, focused we cost to
growth. to organic Moving
Our strategy to is connectivity increase ability critical to drive growth. customers organic with our to our
customers engine medical are batteries products increasing for teams of markets while like continuing with production, space Our businesses to our and share The core growth and our closely aftermarket, technologies equipment management working across current accounts growing growth profitability. leverage our and which potential key an revenues drive in is markets. engineering, our to product and into our lithium hydrogen, sales and
Industrial that A&D to Leveraging over been one Our position XX% has A&D aftermarket we the solid XX% our margin revenues our segment. and drivers of years. XX% the and the key to segment expansion in few about achieved our for from our represent the past aftermarket XX% have about business for
industrial the We drive to from growth our leveraging A&D margin into XX/XX the with principles are expansion. playbook and along segment
priority Our is sheet. balance third strategic delevering the
also are to operations, selective have remarks. from Board provide continuing announced back is to more evaluate want opportunities until will don't initiatives maximize in cash on committed the I our details on to or leverage disclosure all We to Board such improving on and are AJ ongoing, to required. further and flow additional on leveraged options. and the options and In strategic shareholder the process touch we alternatives pursuing team value. our sale-leaseback comment to management which the his sale-leaseback addition process has debt and intend to down in The continued possible focus prepared March. is appropriate that review, determined unless the Board pay
Turning to our second highlights Slide X. on quarter
for were ongoing a second the heading challenges, from navigating quarter, chain million, well, environment shortages. up and our backlog the the of and the $XXX robust executed X% team year prior inflationary labor half into supply X% Organic Our orders up year. was
X% and X% was XXX up operating were basis quarter the actions. in up organically. points as a revenues expansion margin margin reported Adjusted our result Our of
estimate XXXX. supply environment of in million and approximately we delayed good translates year that the revenue The positive, be global feel for continue as into of the which to our business about disruptions points Additionally, into half of $X chain the through about second move X products demand and growth. we quarter, organic we our
new leveraging color to we growth Moving our in and additional where two manufacturing adjacent X, some capabilities on I'll core markets. are Slide technologies and provide opportunities
we subjected introduced in testing valve tube application and trailers. launched certification currently the rigorous were on $X directives. is in late orders we XXXX, million that dome market. transport of are to captured two year, hydrogen We isolation hydrogen have these critical regulator products These to products European Since fast-growing balanced products for First we for last over a late executing.
Additionally, we million hydrogen-related $X we captured that applications been another pursuing. in have
about see growth in and with our blood products to to potential we leveraging line equipment to medical assist collection this beyond. million $XX medical, of has expect for into year-to-date move in supply continue OEMs. design as market devices we and used We product further medical equipment orders leading to capabilities developing The growth. manufacturing In are critical and cardiac XXXX contributed
basis escalations in percentage of leveraging contracts. I expected as sales pricing basis margin A&D, XXX and the the XXX we long-term expansion price improvement a sales, continue includes Slide initiative the it to effect like percentage AJ, and that a has significant the over X, actions from since pricing point XXXX. In well-established core have value on to you generate process, aftermarket selected price we a and strong On as includes our would Before expect our improvement position of can a in call see market. expect this an our positive In and pricing pricing effect point in turn in priority. Industrial, to this leveraging aftermarket to the will on our value-based discuss I
results call Now to over let the more me AJ the in detail. financial to turn cover
