helping Good discussing easily our I'd structure needs, with enhance with Chris. to customer-centric grow begin and adopt our morning, sales, you, and focus, driving a global new growth, XXXX, initiative One as a experience. to recent everyone. scale commercial customer global focuses profitability announced greater focus efficiencies. we will focused Graco squarely operational similar by we and new September, revenue In marketing segments approach more on in on enabling growth. us Thank announcements. teams Graco engineering our like This our on Starting
both strengthens ago. a aligns the Markets our Protective through success of few into significant builds well and businesses and markets. strategy Expansion us enabling also Coatings the The and powder with years acquisitions in current legacy created Contractor our adjacent division, spray foam of newly integration business The M&A coating the on the to opportunities divisions pursue and target structure our ability new to division
I market-oriented structure navigate team successfully. months, our confidence global full to new our establish leadership the over we in change dedicated experienced As coming employees and this have
complements PCT of and the our in semiconductor Systems high-purity acquisitions used announced which electronics and existing and equipment also chemical delivery systems, we Corob.
PCT wet quarter, provides production. megasonic cleaning Systems, the During ultrasonic
Although results. during not impact did on acquisition the closed quarterly the quarter, have PCT material it a
a definitive and to agreement in coating within global in This acquire mixing paint division category Corob, dispensing and a reached footprint. for global the machinery high-tech position manufacturing coatings. strong also Contractor growing the We our while acquisition and paints manufacturing enhances solutions our leader expanding
and expect million. to for nearly growth create quarter, these of annual in in combined strengths close and optimistic our these acquisitions Corob about We're We ability shareholders. the acquisition the is the to the and revenue to leverage and opportunities fourth our drive $XXX value of confident complementary businesses these very customers
financial our to performance. on Moving
finishing comments continued organic declines systems weakness currency down in was constant in in Americas Sales an segment, Process with and the the be steep the Declines declines and except third quarter sales of semiconductor will mining offset segments, basis. in on noted flat. which were especially all my Industrial, All X% China. EMEA the in in with Asia Industrial Pacific, markets.
been New product introductions protective strong. the are Contractor and markets well have received, in segment coatings global
business year-to-date. The batteries, broad-based across the than over Industrial as to overall segments quarter and semiconductor key and revenue second categories to exception across represents third saw and continue solar, the rates decrease in quarter quarter the more in worldwide of electronics. China including difficult end in XX% the powder overcapacity compared and Process XX% Incoming major order be of with automotive, decline year. all the accounted this markets, product rates finishing decline This revenue weakness of the order our for
the weeks, consolidated North and also global Weak been throughout have demand This Process America the have X the is same continued Demand segments. segments. improvement year. to region, over year, consistent in softened period China. compared driven especially in increase quarter, Asia all the by primarily shown in Pacific the XX% impacting growth. Industrial These last contrast, reductions order In our past the rates incoming both experiencing during double-digit
optimism relatively year. While it time this a us is the of for period, the short remainder gives
some on offset to pro the segments. wasn't to in our regions, Contractor but commentary sales X% third turning home it Coatings across enough in and center softness were Protective channels. paint down all grew quarter. the Now
received, as spot, continued year. to market channel the are activity after minimal container the favorably considered Asia showed products inventory within a new Pacific be and improvement normal. was Response to continues bright last levels
row, across team the declines We impact Americas were have to Asia should with in activity remains of remains fourth Liquid the Revenue prior in quarter as businesses. the quarter also be the sales, by strong the higher positive both Adhesive positive and heavy a led Finishing in timing the finishing for stable. and along activity targeted sales Pacific. Sealants The were offset quoting products increased year, end the for system second which have the system as some was in and finishing launched of to EMEA in additional quarter. America flat new Industrial sales North by
taking as a end CapEx approach. wait-and-see being are investments are However, delayed users
same to is primarily segment. decline slowdown to the primarily along quarter. primary XX% on Moving the and of for sales a weakness of in profitability continued quarter compared is with decremental the Sales last volume in -- the down Process in business. the year, markets, vehicle nearly driver due The the were mining semiconductor in with margins to service XX% decrease
conditions core increased Overall, activity our experience in far quarter, new to trends many the We're the our in product challenging soft we confidence fourth continue encouraged demand order on remain Moving lineup. by we as our so outlook. in to markets. and have of
these if will know order the end continue year. to rates to of early too still it's However, the
As on year constant a result, low guide we're currency single-digit of an decline our organic full revenue basis. maintaining
prepared our concludes remarks. questions. ready for Operator, we're That
