durable and morning, we their as over more Louis, few higher have I'd our into last also Thanks, global enterprise. years, everyone. been and team in diligently for thank to good transform the inorganically and to work organically working performing quarter a business the like our and hard
Altra by in Altra end operating more acquisition, Motion reflecting were than global was markets first for data our review year, strength reflecting up medical the the markets. let's the which in & X.X% down were offset center, expectations, in sales the performance and aligned discrete to Control, organic prior with weakness segment.
Starting forma XX.X% and with Net by or sales Now AMC, Pro the aerospace acquisition. quarter Automation automation
period with line on as down expectations. in Adjusted XX.X%, quarter the points have a versus forma our pro basis comparable basis, This reported margin when AMC's a EBITDA basis points our comparing prior year is to EBITDA is margin the reminder, year not margin in results. was quarter a adjusted in was we XX Altra which, basis, a versus up On first XX period. did prior
The management, volume. partially offset mix performance center, markets, pro medical, margin data of reflects good synergy strength realization by and lower positive in cost pockets aerospace and forma including discretionary
short-cycle Orders quarter. forma basis, automation Orders in daily business. X.X% our reflect first in continued a discrete on AMC to in down pro were organic weakness the factory
growth. approximately X% backlog aerospace remaining business automation for particularly longer were for healthy our orders orders and up cycle and to sequential contributing However, some with
marking above Notably, X. book-to-bill a the quarter time the was X X.XX, last we first in book-to-bill saw that the quarters in
AMC However, orders. April a X%, nearly to due organic were daily large lumpy orders for mostly on project down basis
bit we quarters in color Solutions. want MCS I a last the in to more order in AMC most we why second a extra confident in remain automation, few Control what rates are on, spend was primarily moving discrete within have on the minutes of Before which we seeing the where over and business, a Motion stronger seen pressure Or couple half. providing
approximately were X%. orders first Year-over-year, up quarter
quarter. to However, in end a X our large sequentially, decline landed government that in the orders markets due fourth X% saw
factory including tend patterns a XX% experienced order impact, Outside to all sequential our previously, later business this stated in assumptions end it color bit robotics, autonomous and second guidance consecutive This our on a to quarter key we of this other of this we orders solutions. improvement. improvement presentation. As bookings this provide medical, be combined do the lumpy. is I'll as markets in in sequential more healthy automation relates of
several sales Net Turning points which Industrial above sales reflecting were to for IPS. were or to the X%, was Altra down Powertrain acquisition. acquisition, up organic in first the Solutions the prior XX.X% our Pro quarter forma the year, expectations.
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on is basis Altra margin AMC, pro a basis, down when period have versus what the points that comparable versus that to But not are XXX a said points to While when the up we on variance margins results. a is I prior reported similar forma discussing year year basis. basis our in prior XXX comparing did
those to It synergy is legacy at restructuring playbook, and of decline worth on adding margins our basis is lower Rexnord our noting Altra of legacy to legacy level business. ran our our reported that large Regal extent, to significant part Altra's you a operations strengthening margins business. the a XX/XX a margin Regal see leveraging A business, reflects plan in which
a basis, from by along in Book-to-bill was with cost management, forma favorable -- in we X, forma for first improvement a saw AMC, IPS saw quarter assumptions discretionary first margin last X.X% a X in quarters the embedded tailwinds what were on above reflects at Orders our I and the from lower organic us in this in the at mix, quarter. was confidence time to partially offset guidance basis On down pro what that IPS and giving pro slightly similar the X.XX continued strong the IPS. saw we volumes. synergies headwinds book-to-bill daily
versus a the quarter. below an daily In first just April, X%, basis on improvement down were orders organic
which improvement down in more seasonal QX, X% were stronger sequential up the were orders typical quarter. quarter to from basis, than on Although X% is saw a than they we fourth first
orders performance compares IPS second expect We much easier. half in as the continue stronger in to become
Organic was and North America down the in in HVAC Asia Turning XX.X% performance or the the furnace Europe driven expectations. to first market, by The demand the commercial weaker continued from in sales Solutions, residential headwinds year, quarter America markets. North destocking Power below our Pacific Efficiency PES, activity and shortfall HVAC prior in channel were market the in
these While did warmer elevated commercial with North inventories. included our severe, a pool which we HVAC headwinds weighing see We factor in business of markets was in strength on winter America and in were still pockets left markets. furnace quite sales. a channel believe the
channel. PES conditioning our distribution of XX.X%, margin air Key inventory was elevated quarter to XX We points remain for in period performance and EBITDA weaker the prior were also believe versus parts basis expectation. down PES HVAC levels in lower the the year The volumes margin adjusted mix. the below and contributors
restructuring in margins half a improve teens in in improve, track we rate back we high mid-teens volumes benefits are and mix a expect We normalizes PES quarter second to to realize business. rate that second to from actions and this as taking
weakness X.X% in and orders. commercial and incremental in for in were Asia. down to HVAC on quarter continued Shifting a Orders in pressure first reflects basis. specifically the Europe daily residential The weakness PES HVAC,
motors customers cautious general both tied some in in We likely experiencing with underlying are of strength global about our as see more the pressure We they OEMs. business. and being destocking of evaluate purpose to also distribution, HVAC lingering placing markets. our of certain HVAC orders pockets
this conclude down premature it encouraging, Daily orders somewhat year, believe which sustainable at would be to approximately be we trend to in improved directionally point. prior but this X% is April versus will
in our encouraging, regarding a bit residential repeated positives also quarters of from some commentary of in sounds some recent from While false them HVAC. recent have OEM experienced we more customers inflection
of result, for reporting are along QX, results cautious with in in to discuss are expectation we lowering XXXX. growth more the dynamic outlook A we call. business for I due PES. this for expectations remaining are portion near-term detail that the for the our a the QX As about And in will this outlook
headwinds. prior That a year half said, of PES second we cautiously destock the easier optimistic become stronger absence about in remain compares for as
some quarter a built also in book-to-bill near X.X We quarter, future. the should with help the us which in in of backlog the
gross of the slide, total right net Notably, we billion and page, billion. for On debt the quarter $X.XX highlight financial ended the reduce further reference. proceeds from you'll debt our the your side in net updates $XXX should we debt to quarter. which the on $X.X $XXX of sale system of We deploy repaid million this the following reduction, with We to approximately plan additional debt by industrial some million. of see debt
we performance this of was million, cash Adjusted flow deliver $XXX normal free deploy quarter cash strong seasonality we debt the payments our with year. and $XX.X flow after dividend million cash free plans, reduction. flow prior are in track Consistent expect adjusted this on to considering free to to
a benefit approximately lower As plus industrial the sales interest pay in post-dividend associated our us should net costs. result, from of down the flow to million free of $XXX enable proceeds combination debt cash And the XXXX.
outlook. Moving on to the
We this several specific the are line on adjustments the are is XXXX, included slide. the which table for table right-hand our making items for of Also standard indications the on in side detailed guidance below to disclosure with has what in changed. our
having the onwards, removing April of column the First, Systems from second on XX, the from are the closed as on outlined it Industrial left. May from in outlook sale we
EBITDA pay of is but industrial sales expense impacts, some notably below-the-line $XXX debt. had benefit sale also since to proceeds our a The down basis roughly to deploying sale the a year. Removing most are margin XX we approximately interest adjusted points million, headwind lower our worth to for
month from share these for in interest Note annual performance a in the of the P&L will the earnings to detailed net industrial XX $X.XX. The in to minority April negative results factors April impact of period small table. is quarter will our January the per our There and as remain also adjusted line impact second disclosures in through its systems for the that ownership. remain is
outlook remaining third mainly expectation margins the in raising adjustments our factory but PES, for by Second, we our column as outlined sales in below by EBITDA outlook outlined well impacts from making in business the updating table. include the adjusted basis reducing several the million, as are the line as $XX for our These updates points mix left. XX
our neutral impacts our remaining to EPS and The on net of the midpoint in is for guidance presented The XXXX adjusted of adjustments sale are right, these to the year $XX.XX. of share. the adjusted combined earnings full industrial new for EPS business per reduces adjustments and impact last the of the column our to $XX to system $X.XX guidance range range
previously, mentioned as million flow adjusted free $XXX be this to cash year. is expected Finally,
we On full by revenue XXXX and this pro XXXX EBITDA segment quarter slide, margin. rates adjusted are specific performance year results. year of full for provide expectations and more that and forma our Note for guided second the AMC growth off IPS on
with Starting AMC.
For performance million, of the both a anticipate margins metrics. modest on $XXX with quarter second of approximately quarter, sales versus XX%, improvement we first EBITDA approximately
we order year, updated expectation prior a be discussed rates versus based now on to slight AMC to our the expect reduction sales automation. discrete factory flat, For earlier, specific
be previous consistent of We XX%, XX% with range expectations. our expect XXXX to adjusted a EBITDA in margins to
medical in aerospace in of markets the Overall, continue discrete data see AMC to automation. and within net headwinds we factory strength center,
Circling to the MCS discussed business back I earlier.
potential market a are we factory couple bullish the due due QX implies of future factors. to to a automation discrete improvement the outlook dynamics key lingering slight more only AMC but revenue growth Our about
funnel And new quarter outside a medical as First, aerospace, roughly first where XX% end in saw XX% growth are we last and our secular robotics, ramping we includes product programs This are automation, and the year. automation markets same traction up. new of factory such products wins. design prototype second, period in strategic and in new larger gaining versus project
a healthier of quarters end automation mix us orders this these building cautiously come our market of the the with strategic The outlook a with this is optimistic orders time year. strategic markets in backlog last QX end a scheduled But fill growing QX in This success and provides than factory growth year. longer half typically X over to second orders.
in to second margin, in but on Now approximately first improvement of sale, versus a quarter margins sequential We sales modest with decline anticipate IPS. million factoring $XXX on XX%. shifting performance the of quarter as mix the same saw quarter stronger top approximately benefit An first we quarter, the quarter. normalizing on line the but saw second not momentum in we first of level we in some that the do expect
be flat, versus we year, now improvement our a prior the to For expect expectation. IPS slight sales
stronger industrial. mindful feeling the are markets the little better parts about outlook of a We in ag weakness, construction particularly the in of bit pockets but of after year, to start for are a IPS general and and
basis of expect EBITDA be above be a to We at XX.X%, previous expectation. in midpoint IPS-adjusted our range points margins the XX.X% which to XX would
for tailwinds Our IPS and nice full of select to mix net margin year pressure reflect synergies, continues growth from outlook investments.
anticipate we in $XXX on improvement and of on sales million PES, approximately versus sales margin. versus of margins quarter For improvement first somewhat the modest with a stronger XX%, a approximately quarter first second quarter
For we expect a our weaker at sales be the mid-single-digit for the sales prior to now rate, versus year. than flat decline prior expectation to year,
of is margins in expect adjusted prior We to expectations. which range XX% versus also down to XX%, a EBITDA our be
than in we business, and expected got near-term PES to residential slower the start earlier, outlook. a remain HVAC mentioned our off I As about cautious
as to margin significantly be taking. second actions And optimistic our we and from gain compares see half on continue we the restructuring as more ease new products are momentum. We about benefits
commentary conservatism. outlook. more resi not some incremental HVAC acknowledge optimistic contrary, To also We certain OEM factored the we our building customers we're on though from have HVAC, into in
said, that in moment, The step April year. we first to a in orders premature back it quarter think we believe for continues. versus assume also a if take happening encouraging, ready closer is improvement All but in will some point and than a inflect that we're in ever to the we we've near future, at markets HVAC over believe we the been
of adjusted Louis points to X,XXX margin operator remarks. path turning that exiting free annual a and years adjusted X over a and Over improvement portfolio cash of dramatically durable over points more in the call Before in year, And shifted billion wanted couple $X gross shared products the path next questions, of last markets a for basis I XX% a the in served. his underline has transformed similar to to to flow.
transmission our XX% the motors. we of a that Today, remainder and and portfolio, transmission of motors and much of about business was air In more is with and business automation is focused power have XX% profitable. power XXXX, moving our
we are value excited debt we expand margin, we pay to future, about create continue We annual to cash our believe and have our a down for accelerate raise tremendous additional free amount of stakeholders as organic flow, and growth. our
with are questions. ready to we take And that, operator,
