“By no dimension, our outlook has changed. Our outlook for Aero for the year is still low-double-digit, what it was earlier, too, so it's not really changed.”

In context

“'s nine quarters, we have been growing double digits. So it just -- one is the elevated level of comps that certainly makes it challenging. But two important facts here to share. In Q3, we had two discrete events, which are transitional in nature. We unfortunately had a fire in one of our plants. The plant is back up and running, so we lost that revenue. And we also saw last week impact of a Helene, because we do have large aero facility in Florida, and we could not ship for last couple of days of the quarter. Moving ahead in Q4, our acceleration is good. I mean, if you see in Q3, our volume growth is 13%. Now it used to be in high-teens, it has come to the low-teens. And that's where the volume extension through supply base with elevated levels is really the problem we are revolving for. By no dimension, our outlook has changed. Our outlook for Aero for the year is still low-double-digit, what it was earlier, too, so it's not really changed. We have possibly missed an upside opportunity there. That's how we'll put it. There was a case here, we would have beaten that low-double-digit to a better number, but some of the supply chain pushouts have really made it more of a not 2025 event. Our backlog -- our past dues are now continues to be greater than $2 billion. They have grown further, not a good news from a customer perspective. But at the same time, we're carrying forward that backlog next year, which will help us to have very similar profile of growth in 2025 as we are experiencing in Q4 this year. So remain very positive and optimistic. I'm also very excited about the case acquisition, which is going to further expand the profile. It's a meaningful business size, $750 million we do expect a high growth rate in defense seg”