conference QX year. continued represented were revenue QX. our revenues We of overachievement met over growth. the an Kevin, X.X% our an After me morning, follow you, year with fiscal prior of To CFO, the our interest for team Thank for the and quarter call. revenue conference generation the XXXX, pleased you we year in financial saw expectations consecutive in quarter, with of details quarter. Jay present have and million increase joining we Organically, good on in results. your and QX Thermon. begin joining the will fiscal of for call Today, sixth delivered first Jay this in our everyone. Thank $XX.X the XXXX me of Peterson,
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and the over second We for incoming consecutive quarter margins growth. XXX did see improve order points XX% This the at order the of ended backlog growth double-digit second represents and The quarter million. $XXX.X was XX% consecutive prior by also for on basis year. backlog quarter of book-to-bill
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now The Middle petrochemical positive. outlook Turning lower growth for of From demand continues overview the to in our an is the global markets most markets and led a improve, prices. on remain chemical market remains and sectors geographies. project upstream activity declining Both end America flat East. robust by of perspective, to our as and pipeline opportunities oil to North the
to X% represents not beyond. of midstream, trend year that a capacity estimated in few XXX but this an global pipeline year annum to growth on through well $XX at that by approximately be tons could valued tailwind of million positioned expanding through XXXX. a increase that we materialize and capitalize an will rate XXXX fiscal We to these will XXXX. In are compounded billion awarded per the provide a market. seen in believe This investments significant of annual until X% begin will XXXX, We've LNG projects fiscal
particularly projects the fiscal sector growth, Thermon. create 'XX. U.S. end for transportation America Eastern North power opportunities in to diversify the several The anticipate Canada in infrastructure are to markets in America. low large Latin continues will and single-digit U.S. showing and year to cycle bookings We projects in trending contribute Combined positively,
of steady planned the base installed a sector the nuclear coming associated the in capitalize flow Our refurbishments and to well years. us on in approvals position
we Western that by the anticipate of Europe, continue but East, XXXX. the fiscal QX, In balance of Middle Geographically, expect continued continue our balance through year the will through we positive, year. in in Asia in outlook Hemisphere, the Africa weakness the Hemisphere will shows the Eastern is which strength remains offset
science. year. this product growth. by announce our now product new track year This These recent impact we're to growth. five introductions, in and on stream to beginning Since driven pipeline pleased product to are results, of fiscal has have new market. virtually smart a on new the our the to opportunity expand XXXX, we future more is technology are how in introductions with by and consistent for business material well efforts the Overall, advancements fiscal positioned addressable launches Turning with is in augmented positive doubled size
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examples This have for seen associated addressable is solution in several the over solution We expanded our set next market being process the opportunity by thesis and growth initial on several the years. where to customers. anticipated delivering validated expanded an provide heating increase is our
remains pipeline robust. M&A Our
the coming balance We in our to quarters for right sheet position improve additional strategic have on capacity significant some that opportunity. the the will create opportunities cash
of we forward, organic revenue X% for forecast XXXX. our to X% maintain year Looking growth fiscal
and for thank serving around the shareholders. our value customers their opportunity unwavering take this Thermon to like employees commitment to our our globe for creating to I'd
I joining Jay? of will QX our today. now thank us Jay fiscal for address XXXX. you, details financial again, for Peterson, the performance CFO, our year
