general industrial the you, Denise. and upstream X%, due American to increased pump XX% $XXX activity. growth QX activity primarily oil seven to by Project Starting revenue low-teens, on growth. in Thank with offset total Process. organic X% baseline revenue in Industrial and Short-cycle gas million biopharm grew weak and partially X% and on grew aftermarket valve slide mining. Latin
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Now, let’s guidance XXXX to XX. turn our on slide highlights
exchange up total X% expect and be X% foreign We underlying organic of revenues to X%, growth to X%. to including
demand. gains, and primary global the include of of and Some chemical improved rail share friction drivers industrial the growth and short-cycle
points, segment all by value higher driven our to expand commodity increased expect XXX and XXX offset partially strategic stronger adjusted investments. productivity in operating costs points basis by basis centers, and volumes three by margins We to
grow We of modest be of only of midpoint XX.X%. expansion. the XX% at operating range. our rate compared adjusted our to is tax of note XXXX range benefits by the XX% will provides our EPS to It important EPS growth rate XX% in to expect that $X XX% the income guidance driven to our also
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So continued market. and execution our will XXXX focused operational growth be and stabilizing driven our effectively
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XXX operational points. investments to and before to We expand FX XXX basis expect margins
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we to slide adjusted EPS have turn XX let’s Now, walk. our XXXX where
market investments, include share and primarily non-functional key XX% per reflecting The environmental oil on the of drivers commodity growth and to $X performance price returns our our you higher operational recent So, volatility. see tailwinds partially and actions assumptions within gas volumes, Headwinds attributable gains costs market EPS include increased in markets. and key supporting assumed control share. with can weakness, combined pressures, lower corporate and including
total than Our of operating growth. commodity offset and to execution $X.XX XX% our expected is drive more pressures EPS or and price
and an and R&D in remainder XX% the of of increase commercialization accelerating of by strategic the SMART the opportunities XXXX. These will strategic of offset Our the be EPS reflect projected of includes $X.XX corporate that rate expanding set in incremental compared investments we’ve favorability to strategic be investments in decided foreign increase by investments funded level walk of our will growth including tax exchange represent our These i-ALERT, $X.XX on investments of Pad of benefits E-Pads. costs. the market-leading technologies investments. strategic to Based increased an XXXX, approximately $X.XX net
In the IP the XXXX capabilities rate to finally, of XXXX. range to MT’s Seneca Mexico expansion expansion the leaning location. in we Falls out representing market, serve of to rotorcraft are and hub, addition, XX% modest continuing benefit to manufacturing investment are a X% XX%, and our tax we in And be of China compared increased CCT’s the estimating effective
As only on Jobs Denise from based international XXXX. presence, benefits indicated the earlier, and we of Cuts Act Tax modest significant our received
a result, XXXX. that rate tax effectively in international our world-class down our As implemented team drove strategies
we cash tax taxes we total based related deferred to quarter, $XXX charge, and fourth foreign on foreign the cash repatriation. reduced approximately recorded earnings deemed the in provisional net federal GAAP the In and be to anticipated tax to addition, $X.X assets on state billion in of Also, write-down $X on million years. tax eight a offsets, applying million primarily and foreign of credits our paid have over
the just touch in on walk. key I remaining to assumptions the want Lastly,
environmental The increase million. returns. expect to other lower is to be primarily expenses and corporate to unallocated year-over-year investment to due projected $XX and XX We up
the to of expenses required the I’d highlights be pension non-service in to expectations. X cost. also XXXX like including reclass million some our range We impact also of provide to miscellaneous $XX expect into QX interest and
topline year. expect automotive QX, grow be partially to We share organic prior around OEM gains compared In our offset in QX lower the expected defense. to by to X% are
environmental. We aftermarket to MT versus XXXX. IP to expected corporate and QX be year due higher unfavorable QX year decline least favorable independent investments improve including commodity margins cost in prior segment XXXX to the expect costs points CCT prior adjusted are in margins expected at at basis XXX than to QX items to higher are mix. due versus
EPS QX putting So, adjusted compared from double all XXXX. grow to QX it digits together low to we perspective, expect
let turn back Denise. now, to it me So,
