CIRCOR International Inc Q3 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Just digging a little bit more on the Industrial side of it. I know you guys had said you weren't seeing a lot of recovery in the aftermarket side of the business in 3Q, you are expecting that to start coming through maybe later in 3Q or into 4Q. So if you could just comment on the progression on the aftermarket side, which we'd obviously assume would pick up first, how that progressed through the quarter and how it's progressed so far into the fourth quarter?

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Then maybe just specifically on the downstream business. Obviously, critical flow can be very lumpy when it comes to orders and pretty lumpy when it comes to revenue as well. I think you talked about pretty low level of orders in the third quarter, expectation for that to improve in the fourth quarter. Can you give us a little bit more color on what you're seeing out there in the market maybe from a little more long-term kind of trends in that business? When those fourth quarter orders start to hit revenue? Will we see that early in the new year? Or it just takes a few more months before that turns into revenue?

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Got it. One more on defense. Obviously, some good solid growth there. And I think you guys have pretty good visibility to that. Is there any kind of color you can give us on what you're thinking about the defense market for 2021?