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of much significant While points believe to this less our of is that businesses the time scenario. uncertainty, a positioning a severe we
the further mitigate nonessential include and severity pandemic, Already COVID-XX into second actions as year may we of QX have impact to costs. the we around the cost shape taken see potential the how of QX, this the of we various recovery. And the These and to anticipated how aligned elimination playing scenarios. of XXXX about out, downturn actions have the we mostly of out beyond half play modeled think the
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and near-term segments. replacement-driven demand assess results, our on business macro difficult the are It the markets diversity economy. color to we by environment believe significant that full for on our helped overall year critical level guidance. dampen and is impact our of of our to COVID-XX, of current and to to we outlook created sensitivity businesses the Due withdrawing applications, our end the uncertain our and the yet economic conditions Turning some our
financial is market of conditions. This our a with additional some XXXX consistent the including on current end few detail provide our historical around In the will crisis. minutes recessions Gene period the performance portfolio during
of confirmation are of on customers. that and see the while notable will demand reductions growing of key are our You in from based experiencing that are volumes, business our strength there portions others backlog
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event-driven including subject significant remain disruptions functional largely actions. and supply several and as assumptions, that that government This chain our scenario our to our such we not do facilities customers experience is
we the provide figures estimate. many appendix typically are difficult the modeling While in earnings to and additional of currently scenario-dependent presentation, our of details
you well However, modeling. some as segment, margins in with have decremental color today's incremental estimated help appendix as to additional included and by we
segment, imply margins would incremental a significant QX recent our this Engineered Specifically in would similar following basis, operational we Solutions improvements during our be year-on-year XXXX. QX. to for quarters, implemented to margins anticipate most On higher-than-typical
our we've of a scenarios. and ready negative implement time liquidity. amount plans conditions are impacts assessing actions significant If preserve spent results Lastly, to on to require we further further various moderate
to Gene over some our commentary end remarks. on call his the and turn I'll markets closing for Now,
