The XXXX automotive QX business. for weakness order our and in I'll XXXX, of everyone. we Coming start some second to difficult Pacific had Pacific morning, a as saw into the tough you, shed year and Asia on Thank anticipated we declining in rehash revenue when issued Caroline, half Asia we to a anticipated than our light outlook. core numbers, continued rates good try Rather what the progressed. QX markets, and we industrial annual the reported in
of in our China the virus. in outlook, impact QX broad-based What of shutdown fully for businesses in was of The anticipated an difficult course, the the we already haven't compounded region. global us
our XX% operations to impacting global the without build our suffered we supplier an shutdowns revenue From of to the ship in Our ability Industrial work is standpoint, AP were in segment China and about worst. and and able through orders.
outlook generally our quarter particular was with Americas in the with Our and early Contractor in business strength our in segment. the in line EMEA
we've virus while mid-March. and it's the saw hit bounced then rate about the since order plummet, U.S., below incoming week-to-week, been years As XX% EMEA running prior and we our
there major positive, of sanitary, few such recent in a markets markets are segments all and Graco end our remain as small. double-digit semiconductor Nearly exposures those While declines across are that end experienced for regions have and weeks.
perspective, outperformed channel. out-the-door pattern Contractor to have channel weeks, positive the centers Specific has recent order propane channels the reversed in Americas, showing and QX, with From in the home both the rate propane sales. incoming home outperforming been centers
significantly events shows and to contractor is with curtailed being canceled have and in selling other place, has access capital orders across Globally, been industrial been is difficult activity trade Graco hindered as sales end stay-at-home spending industries. users
our referenced, already remained With the short the facilities open exception operational. fully have major shutdown distribution and China production of and I all
production of highest it person problem, feel When and with to employees home complications every up employees to one, this living the keep they the serious global try we or goal we of became including until end, Graco our the be to up ends risk operations running. we've implemented virus, from that practices having full pay a ICU the with immediate we clear protect the is some those comfortable household worldwide. two, a sending can To high-risk goal dead; number return. going established employee elements: has for virus in two The their in facility to or Graco no and
test employees, people cool calm and and of had have rest be to we We've consistent the on. manage the practicing of can clear social need can we without from positive, work. distancing, I've we with stayed tested It They high-risk very our people of of if know productive For other reaction at down. sanitation me hygiene few None and Graco seems culture if a have virus been employees. shutting safety they and working what carried proud upon be they positive. our the or quite about home, based good to that employees and
Despite our our being. for a time is drop payroll keep my the significant bookings, intact in plan to
new initiatives will This has investments, our and our in plans, you. In decremental QX, investments in margins high pressure our acquisitions. expect to strategies, outlined live as for will our make you addition, including growth capital can continue market new and we based XXXX P&L product Caroline
is balance solid. Our sheet
and team. not strong XXXX be less manage during believe course, when investors but to actions. appropriate short worse, amply over crisis, rewarded the the we improve, instead following I do leap XXXX, to took approach prepared our to of prefer conditions not measured were If business term take now, forward will, a the for have decade. We I a conditions And improve. We
million Our strong. order and remains and position balance We our increase credit cash under cash sheet our preserve flexibility. borrowed in flow facility our financial to $XXX revolving
opportunities buying we're XXXX fund use for of acquisitions our economic if proceeds the including the present to good year. buybacks, guidance will to We withdrawing and strategic themselves. borrowings share the uncertainty, initiatives, revenue our remainder Due from
term in with to difficult In continuing profitability. conclusion, we be the expect declines revenue and short
we execute However, weather our plans will the growth storm. and
factories employee high. running and Our morale remains are
and distribution end long-term well rebound. Our markets global capitalize when will position channel focus us to our
for questions. ready we're Operator,
