With that, I want to jump into Q1 for financial performance. I am on slide five. For the quarter, orders were up 20%, 11% organically. Sales were up 15% and that’s up 6% organically. And as you can see, we built $42 million of backlog in the quarter. I’ll detail this as you walk through the segments.In the quarter, just over half our sales are generated outside the US. We saw broad based strength in North America. Europe was generally flat but it was stable. The Middle East growth was driven by upstream activity in our energy platform and increasing demand in our Fluid and Metering business. Our Asian markets growth remains strong, particularly outside of China. Altogether, the external environment is playing out as we expected.
IDEX Corporation's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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