Thank and you, everyone. good Carol, morning,
of basis. organic All comments currency in my this constant morning are
uncertainty, are as revenue where across declines broad had Globally, most product customers Many expected, double-digit as areas. in we Pacific, end-market factory we particularly Third categories. weakening well in-plant investments we softening manufacturing quarter was much demand segments. in weaker citing specific across than Asia experienced postponing
performance Contractor with both Americas and was Europe. the good in bright a spot
growth some to remain As continue I’ll opportunities. markets make and comments on segments. stable construction provide the individual
Industrial demand Asia of most the demand end-markets. substantially, Pacific, segment project down segment. particularly Automotive a in driven component declined in our was quarter, our by where high-single-digits large weakening for it’s Industrial of
Pacific. a trade The Japan/Korea for are definitely and investments U.S./China both wars, and in on appetite factory reducing taking manufacturing activity toll customers’ Asia
While spreading clear pretty automotive, in globally. the is general it’s Industrial business Industrial that is softness better now than
rate Overall growth segment segment the demand bringing this Process year-to-date for declined low-single-digits. in our was low-single-digits quarter, down mixed. organic to
and and end-markets semi-conductor generally oil gas, environmental, natural Our remain favorable.
technology Additionally, we products. our continue from growth get to good
whether more line closely Industrial is On noted applications, general the in we that segment Process similar industrial, segment unfavorable in-plant or comment. trends with associated automotive flipside, product seeing are our
delivering second met Construction EMEA a willing revenue quarter and the in and The Contractor customers in markets decent consecutive growth. are invest are mid-single-digit of expectations, segment new to equipment. Americas
growth. to New sales products top-line contributed nicely
In market, center both Americas our main and channels. out-the-door positive remain paint home sales in store
Pacific perspective, Germany. reportable further with every was despite in Asia regional double-digit this EMEA declines in on the quarter. positive segment in automotive modestly our weakened particularly Moving demand, demand quarter, to weak
appear the America the residential in and demand in in way. are industrial non-residential construction wrong seeing signs of EMEA weakening PMI industrial as activity. numbers markets we’re stable, North Construction stable, in mentioned remain production while going while in
our the resulted the okay decline in Industrial along Lower margins a our significant segment for segments segment the Regarding in profitability in The And reduced decremental reduction percentages. and profitability, the in revenue quarter. high higher-margin Process volumes in factory the our in Contractor for company segment higher sales growth overall as for and profit profit whole. contractor segment create with us. lower-margin large was headwinds
year remains date. Price favorable to realization
ahead discretionary and initiatives. long-term expenses spending speed carefully to growth on continue full support managing We’re our
and our processes XXXX people. facilities, constant softening with continued to full new our current year Despite flat we currency we’re XXXX outlook, and revenue lowering conditions, intend given execute the outlook our outlook, expect in on basis. on and worldwide long-term organic to Moving an investment to products, playbook
well to has turn The patches capitalize markets previous our favorable. worked positioned during when rough on opportunities us for strategy more we well to and be intend
we’re Operator, questions. for ready
