Ingersoll Rand Inc Q3 2020 Earnings Call Summary

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

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : I've got a bit of a follow-up to questions Joe and Andy asked before, on these new product developments and adjacent markets that you're moving into. And maybe if you're looking at it over a little bit of a longer time, markets are going to grow what they're going to grow. Do you guys have a number that you're targeting in order -- in growing that addressable market over time? Like do you think you can grow the addressable market 50 basis points a year, 100 basis points a year through these new product developments and acquisitions to get yourself into new markets, to really expand that addressable market consistently over time?

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Fair enough. One other number that caught my eye was the 29% order growth in SVT. Can you talk about what's driving that number up, how that impacts the outlook for fourth quarter? And what's an average kind of book to ship on -- in that business?