settlement. legal the all our presented EPS the impact the increase discuss I to of prior year. of the settlement, legal of the today impact following performance the an on settlement, $X.XX, of on The versus I'm the EPS including GAAP the and the as quarter. exclude from lays results to settlement benefit for XX% here the of the $X.XX my start see Thanks, metrics X Scott. reported, can supporting $X.XX, commentary results all and EPS like underlying key separating Slide the you slides, of in financial QX legal I'd X the discussion with by performance out our the operating and metrics Slide financial excluding legal on impact schedule of When
Okay.
exceeded mentioned, our the EPS on $X.XX currency I'm X, guidance $X.XX, Slide contribution from $X.XX by I from and and as midpoint translation. margins XX% of $X.XX to and So, increased with year-over-year
up organic up our ago. quarter growth increase midpoint and X% know, $X.X or the of growth midpoint exceeded revenue seven led guidance by of EPS geography, billion, the strategy met was which every years and segments in X%. had Total was of five which organic Six guidance. our up were organic led you Welding since up Construction, internationally, X% of we've was strong on X% X%, with up we As Europe was right an line XX% may positive was by Specialty of growth, and which By our began China, enterprise both with X%. executing
As shipping is this addition, XX-basis Product closer a one we a usual X% day equal items, growth little was point and rate drag Line to ran Simplification basis. underlying in an organic organic call, our quarter. the for than last discussed quarter less had growth rate on the earnings Adjusting in two the these on day, and on higher
that the QX into for typical Strategic company, quarter Sourcing day for and factored less income, leverage. expansion, net volume flow we Enterprise has is record initiatives points you history. XXX was initiatives. million, $XXX margin shipping which another laid guidance. deliver the also ITW X, highly operating in Just model and business operating continues margin quarter income the the points XXX XXX solid remind to XX/XX this to the we strong this most of year. grew differentiated making strong quarterly We our of August. worth points team XX% marking by steel quarter. Enterprise margin top margin to in of to positive Volume seasonality, drivers as cash Initiatives continue dividend with progress expected, contributed leverage as was impacted it's best reminding our and profitable expansion XX.X%, Free primarily basis to on basis of at continued strategy costs, the basis continue be Overall, by was price/cost On results. key leverage one consistently points due points, quarter segments. our points out expansion company's improvement, which a slide and XX enterprise basis the by this the to our and new a calendar margin high-quality tier XXX% annual line in Initiatives of X% structural momentum have increased few driven raised XXX basis contributed basis we've the everyone ITW's that to main to Operating XX unfavorable far, so of driver on they as higher our performance
please of keep and price/cost include the mind margin been to to them, a calculation. in quarter. have Initiatives purposes, do would we part Enterprise accretive Strategic Sourcing separately were we not price/cost that comparison positive as For are If the savings reported our include savings in operating Those number. in
dollar-for-dollar a As more prior quarters, side we in offset with price the cost than basis. on
year-to-date X.X% growth of slide what mentioned quarter. price/cost in Overall, our rate in last page, all to XX for by segments. on operating On year side performance, the by earlier, the that expect by percentage. versus and basis will the margin as see positive can $XX dollar be margin operating terms the approximately in the $XX on million in points Scott you the year We positive really reflected growth X, full left organic progress of and organic organic unfavorable seven million record to strong fact, performance, margin solid growth
of Our did fastest-growing we that we despite in bit XXXX rate in the were full double fact a year X.X% two growth of X.X% little of is expecting segments. than softness the more our
basis. with In & basis on XXX have up margin, the XXXX Measurement of margin terms margin segment six improved see Welding of Specialty points in Test with can points. results followed segments the year-over-year expansion a XXX operating you by Electronics meaningful as leading and basis by up is basis points sustainable XXX and seven way
dilution from year. are the acquisition As the to margin expected, Automotive of last impact due OEM margins down EF&C
in X% to and per now strong, relatively XXX points Europe for revenue vehicle. growth in of our XX% overall growth China discuss have very market builds, versus auto XX% the to down as builds with up up QX year-over-year, Automotive Excluding America results XX.X%. down at basis The content North forecast EF&C, and grew of for revenue the than most QX X% with increase the XX% margins calls including more we of starting Detroit content I moderate decline be dilution in OEM, declines geographies was from where growth the In IHS which down down Outside at Automotive recent organic DX. and auto segment XX all to points and in and continued X%, X% America, X were basis per delivered respectively. OEM which up are North continue North X% higher vehicle. market which we the X%, X% America, better was above key will down
second and growth with revenue approximately organic North expect pretty segment As decline half X%, a global considering solid year XX% DX. we result, Auto now our of America a OEM X% overall of full in the in
Turning North Equipment X% by was to was the in difficult of new timing slide overall was organic softness seven. revenue this rollouts due America offset program North Food as market comparisons flat with to markets international strength X%. and in quarter America. equipment down down
up the tied to driven purchases. cycle, basis from at of closely trend improvement strong down XXX equipment year. Test demand business continues growth a Electronics to up margin comparison X% due the Measurement X%. little more organic Measurement However, Test rate. In as a Initiatives. margin remained the one-time when strong, solid despite of CapEx revenue Operating Operating large X%. first last organic performance organic due & Enterprise Electronics equipment grew the of in XX.X% a & the growth was XX.X%, the was was grew tough bit international some very X% XX% was as where is X% points slowdown by year at up and to positive an the by half versus was Instron,
non-cash amortizing intangible the with includes of expense basis As points a associated assets. reminder, XX.X% XXX acquisition-related
X%. continued consumables Turning North positive momentum in and equipment geography, The eight. up organic slide in X% America of growth Welding up XX% with By with X% up was QX. to
at XX.X%, oil in though mind the sells heavy commercial distribution margin manufacturing, which approximately was was Europe. that ranch sells year-on-year. due XX% equipment And including automotive customers, but in Our a impacted through was to Operating industrial XX% was business, costs business, while equipment keep primarily by farm construction, our into segment. solid gas. Welding and equipment, up light only international increased primarily to our strong, XX% X% negatively and which of fabrication, International restructuring in and was solid quarter, represents down up
Fluids Excluding was lubricants commercial QX and with construction end these applications, down both sells American margin solid, up was X%. was points improvement at intangible up and XXX X%, X% represents Keep added cleaners growth margin that of in Fluids, X% Initiatives. North Construction business, residential X%. & restructuring On points our sealants amortizing Polymers, was basis operating growth. acquisition-related by primarily industrial down have X, internationally. solid Europe is associated highly-engineered XXX XX% organically which organic very in leverage Operating and up was would of up and driven with operating was XX.X%. improved due Products organic primarily Polymers up Pacific mind organic revenue and Asia markets, aftermarket X%. way year-over-year, performance adhesives Commercial, assets. XX% includes North revenue demand to with about industrial XX XX.X%, strong automotive X% volume expense which was to X%. engineered number sells expenses, margin America basis into the for OEM And demand with the basis points primarily as Enterprise been up led X%. Slide non-cash MRO and which which
which operating revenue X% was strong, of Products, Finally, to up highest leverage international an increase points organic due the basis up company volume and in Enterprise margin was and Initiatives. side, by the led X% XX.X%, in Specialty XXX was the at
the of our fourth numbers, and for full on year the of and which XX Slide quarter. settlement. include Starting we're the full side to turn showing year legal the Let's guidance left the impact as-reported page, the updated
higher $X.XX. full the EPS range seven from our year $X.XX than X%, year. levels reflects guidance in poised QX $X.XX $X.XX XXXX we organic metrics of records expected $X.XX double growth X% current performance of the expect to the of to QX. raising we're positive organic the margins year At all our growth to as to a and settlement rate growth company. more year demand, to the the are beat strong deliver key result organic from and increase are legal from $X.XX And currency of a new for segments by full full be our margins all-time results, in $X.XX for ITW's for operating As QX, earnings
at of and to legal points. expected Excluding basis the midpoint approximately expected growth XX%, XXX is cash to settlement, EPS with operating contributing free points, increase XX% Initiatives be and net of After-tax is than XXX expect an Enterprise basis approximately margin be the income. greater ROIC of flow we XX.X%,
year As you another projecting can for see, ITW, a strong year. we are record
quarter, Finally, of $X.XX fourth turning $X.XX, the midpoint. an is our range EPS to increase the XX% at to guidance
in benefit dividend $X.XX recorded related EPS the that year, a we a recall may You investment. special quarter fourth to from an last
Excluding this EPS the at item, XX% growth fourth our represents guidance quarter earnings midpoint.
X% into expect factoring revenue and our forecasts. current of and rates organic we current we're to as foreign Finally, always, of demand growth X% levels exchange
open that, your with So, to call we'll now questions. up the
