call. Thank you Great. Thanks, Jay, good and for joining today's everyone. morning,
our together make Each financial continued modestly to transformational our and exceeded delivered quarter overall plans for delivered results During segments we the progress Flowserve their solid on initiatives. our expectations. quarter, the of and on
we reaffirmed am far that our and have created. but the the ahead we We journey. pleased us, view Yesterday, we transformational which continue as in guidance, I more we have momentum given the positive work to with are where XXXX of financial results so realistic,
first excellence, I As and indicated of but need a targets on re-instill that consistently improvement culture today, our focus our to our and commitments. we internal provided are continuous when first in higher remains we meeting aspirations true February,
made have endeavor, We some ability but is gain confidence each in our overall I be significant work specifics. done. and going there progress the begin to results to deliver this execute our with into month more comments I'll our shareholders. and customers in for Nevertheless, before
from improvements First, in end our markets. to Flowserve capture opportunities continues
book-to-bill ratio quarter. We strong are the bookings year, that pleased in by the quarter the our for overall aftermarket remained X.X highlighted over and
combined operating sales adjusted Our margin, basis nearly of XXX growth with of produced points share per $X.XX. higher earnings adjusted XX%, of
drive quarter. growth aggressively agreed product planned to operational to the non-strategic in we transformational are streamline third in close company operating IPD, we The model. strategy and a reduce lines divestiture which certain will our accelerate complexity, pursuing Flowserve's Additionally, excellence, also recently of
Turning the now to specifics.
from growth is recorded $XX of coming our general million, is approximately smaller X%. The for in was the industries over impact the flood for quarter. which range, was industry a third water in $X million time award over tailwind bookings year-over-year. in and which second $X divestiture approximate in a currency projects an increase project project. control since XXXX. by to In optimistic largest quoting a contributed the million partially is markets deliver offset represents our majority about quarter we the XXXX we environment XX%, year-over-year all growth of the project gas, are X% and improved X.X% active funnel, produced quarter, visibility totaling more for can European growth bookings and of remainder base or markets foundational the near-term and business. we $X awarded the With and an was The For believe bookings the XXXX, billion chemical work general first broad-based Oil
As price, but you over to the the highlighted only may recall the last from increase not the efforts first from pressures also years. cost cover start to recovering our quarter, challenging some we of environment few to
we We effects than tool and utilize do to inflation that believe analytical price in and price of continue increases a in and so selective products fashion, building as the backlog. markets to We quality a maintaining have offset more a and the will tariffs. more trade in future committed these as remain
see our such, today in margins of beginning As year. higher we the the backlog than at
trade highly global the environment However, unpredictable. remains
market the our monitor our to price with to opportunistically. increase and strategy forward our continue supplier will conditions network and localize move We enhance manufacturing,
While Flowserve's and up XX% see an year-over-year. throughout this uptick expected since we In the resilient delivered aftermarket bookings million, to level of franchise the spending customer second the $XXX XXXX, cycle, we aftermarket in quarter, highest proved year. largely
production showing its Our is demand services competitive discussions and aftermarket facilities. are higher our true opportunities. within of differentiator network with our of downstream on increased global and suggest petrochemical up brownfield and response advantage The maintaining levels customers a focused with and Flowserve. franchise is parts, small quick their for productivity believe expansion they We in centers
and including an Looking now year-over-year, price including segments, stable the all the North number across a in improved market, awards in approximately quarter increased $XX end-markets run of spending by FCD a second IPD and downstream award while gas. supported markets. commodity served America, customer starting X%, Bookings and saw regions. increased with by EPD's rate refining our bookings million and growth at bookings oil largest increased XX% in and
growth. most of a projects year-over-year towards again, of the our the and the and $XX the Asia end segments a active. before by expect FID We be progressing year. million in group customers In approximately continue led projects Downstream East Middle activities to the a our delivering on bookings appear which Pacific XX%, to with all included XX% chemical, improvement, growth. EPD increased pipeline with increased FEED based pre-FEED and to both strong investment near as growth to grow investment, for chemical forecasted term, America FCD including power North of longer backlog demand challenged decreased our the Middle America. is and IPD continue remains in We most bookings in expected currently encouraged and chemical award contributed market. Plans investment bookings in single-digit by Flowserve's number globally. East and remain and the progress, ethylene EPC's. X% in of year-over-year Asia, North a the projects
While minerals as and XX%, IPD EPD mid-single America low from challenged IPD delivered a power percentage grew including in in and growth power FCD, XX% differentiated the base. markets increased growth, efforts in a European Eastern increased and while driven, concentrated two to channel of generation we expectations by continue XX%, have muted business, respectively, including XX% and distribution solar in have while and strength again, and The project strong our growth of the remained mining XX% where mining power traditional small industry globally. Geographically, bookings have near-term, XX% digits. contributed Latin XX% Europe nuclear and delivered regions, the provided General Americas, America activity North respectively, bookings we segments, across segments. more technical comparable relatively is strength very awards, all and all Middle off offering,
Asia-Pacific comparisons, down year-to-date. we but growth region we Latin in in up are region, with optimistic and The facing the were is the remain relatively persists. this remains in with Africa While region growth quarter, challenged, as America Middle consecutive XX% prior quarterly year infrastructure each and East pleased which strong
performance our second its by progress Turning on turnaround the now IPD returned adjusted to showed an operational segment. second basis, profitability quarter. quarter to modest as in
which year. impacts quarter, results the margin margin the the shipments. our In to past target, adjusted backlog the margins. near-term, expect help due to mid-teens delivered critical the and this are the I margins improving second to target to drive helped which IPD year-over-year half believe achieving component deliver more due operating over the upper however, of of to interim prior accountability in performance fourth backlog financial lowered to and We potential but fully Reducing its necessary a importantly, its due year, full gain improvements operating in we Operationally, and IPD mid- quarter. revenue reach IPD reach business longer driving sequential provide term. growth position further and visibility past operating the over in remains traction quarter, in the improvements in X.X% to low-quality single-digit
roughly to year's our leverage basis in and through shipments, for XXX the profitable earlier, driving improvement process solid sequentially FCD in the divesting markets in we're improved team continued Actions points to respectively. operating product quarter mentioned the equipment prior improvement been points, profitability headwind product manufacturing and margins divestiture realign capabilities engineered basis manufacturing network. of years. couple and growth strong and non-core focus and growth strong effectively margins compared delivered on operating growth and and over locations quarter associated a XX% increased XXX lines and cost not of in gross control I including in the points, X% utilize footprint the to year products. margin two adjusted expanded last drove more XX EPD's divestitures. original This margins aftermarket related to year-over-year. As restoring that XXX gross the have of and and Adjusted points revenue better respectively, on IPD FCD basis XX.X%, basis the on of IPD last enable mix, to and pricing. their revenue EPD also core in will
are anticipate we Returning continues full Our From and ensure course increases, grow, optimistic remain believe delivered XXXX disciplined pipeline cycle consistently continue will the as we quality. we exception. that reversed no has Flowserve will to project backlog operating a that to and strengthen. the year we multiyear performance selective to and downturn to and valves business level, to perspective, be continue expect our to our has global markets solid after a visibility
position Lee activities believe better before value Lee? closing accelerate call customers, drive the few Q&A. the over transformational financial return our discuss open and detail to will results our I'll then enterprise the greater I'll we're turn it serve for for to we comments we growth now to Flowserve in across a and to taking our Additionally, shareholders.
