joining discuss and and Thank thank fourth everyone financial XXXX you morning quarter you, results. us Scott. to for full year our Good
to challenging environment. results and full teams on an want overall strong our Before the delivering their for focus macroeconomic for despite I and year thank across XXXX execution continued globe our very results, we review QX
customers of QX in with to industries our we the our QX, customers, of Defense customers, East More a orders opportunity rising disruptions, some Abu North exceptionally in had performed had our locations in Dhabi. chain again earnings my also supply We time valve India. and with Middle time and shared well teams visited energy the the team two point Since of spent margin. throughout key manufacturing operating serve. improvement kick inflationary very satisfaction delighted with I to in Valve XXX to organic and the and at opportunity adjusted deliver sites sales our Germany and After QX. have spend in by of Dusseldorf, meet industrial defense display of brands center CIRCOR strength services and in much I recently teams engage at and at our I recently, having the XXXX off our November. to Europe late the Expo our with call, our America that many more World chance I the including every family be interaction by teams of the customer costs on and commitment XX% basis and a focus execution growth and ongoing in level in our strong navigated environment continue the to team
reducing which QX factory value pricing, leverage sourcing our EBITDA position; aftermarket growth our which development and adjusted manufacturing in operations and cash underscore in priorities, third, accomplished country and modernization; through strategic of includes strong we cost leverage, generation best growth. Turning on strong our second, through to simplification, margin and from expansion, success executing product results include: Slide X, new our in organic which continued first,
our XXXX. A.J. improved solid four leverage and that details on quarters past made look remarks. in progress provide the to over continue outlook progress in have and his in prepared We more reducing leverage will
Turning Slide the driven organically our XX% year, aftermarket pricing growth X, on and versus year strength by Industrial orders in downstream. increased fourth quarter, to supported our highlights prior XX% full were by in up organic in our segment. and quarter Industrial orders
driven Industrial year, full orders year. the exit the were large than up engineering more downstream, aftermarket For X% and order our strength prior timing offset of pricing, by a organically, Navy the the pipeline of which in and in business
Navy Orders was an a medical the quarter, organic year. prior timing basis the of aerospace commercial in in were in down strength large order offset slightly on in A&D as by and
products medical of aerospace For our was the missiles from products segments, commercial full pricing. team’s year, in of brands applications, aftermarket, on strong and provide. in organically new for by indicative power driven year our both Pricing value and services which the maximizing recovery, and and focus orders A&D the hydrogen XX% is were up the we
same the the from QX Backlog at XXXX. end last for us well up of period $XXX XX% million, was to positioning year
year-over-year growth continued chain in or X% XX% in basis despite mid revenue on with supply up reported organic an On Industrial A&D high-teens the in our some and of We QX the we this accomplished of top challenges up line, single-digits. businesses.
value in Our by controls. our QX environment segments during initiatives was the is in color by backlog. healthy demand A.J. drivers supported Industrial prepared for will both segment products compared strength order and The change on provide prior delivering cost solid in his margin and supported quarter by evidenced sustained our step with year the AOI XX% a to remarks. pricing performance additional our another increase
about positive XXXX. ahead our as in look we are We business
Slide are that service severe innovations I to specific industrial A&D product quarter, discuss that Each Moving and pumps our differentiation we teams applications. for Today, showcase like highlight mission-critical to will X. growth areas driving. our
and CIRCOR’s capable fluids. slide our launch applications, that service exceeded technology. general selected performance. In primarily of of and by demonstrated continues which X-screw is a new new growth X-screw solid for handled pressures seeing lower pressures markets, the handling leverages will The pump the technology penetrate pump the On and/or viscosity performance higher industrial we left products. require energy is The that product leading the early industrial industry success. testing pumps has pump are product far side applications serve different applications viscosity to higher as an and typically as show low competitive head-to-head well are in severe This pump to phase initial
On disasters fuel. tons logs lifted side railways system provide mountain and collected Whales. aeronautical the innovative will right Flying wind airship A&D of selected propelled remote helium French the for to our maybe mission-critical by items helium new by aid the location isolated materials France hybrid sites, being in blades turbines, from for airship to company, the where sustainable aviation delivered powered cells as or Capable XX was airship construction The be unaccessible. by to carry slide, roads up by after valves steep of of cargo, transporting electric being developed and is or such to food natural designed team
team nearly our Flying Whales solution. valve technology worked an design Our and this electromechanical side-by-side and develop XX with application. to develop We actuation to months leverage for for the core critical requirements innovative
another this positioned additional are and We major with program. on on exciting working are Flying well package for content to capture airship the Whales
a over quick Before provide would A.J., to to I the I call you process. strategic update review turn on our like
review. the in this reiterated progress announced by management with earnings supported continues the February our to late release, advisers in team morning’s our Board and As and we external
a of acquiring through that company. interest expressed dialogue Our all advisers of in its Board the or external number parties have with is parts in
over Now, me to the let cover the call detail. results to financial turn A.J. in more
