The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Emily Shu - BofA Securities, Research Division - Analyst
: This is Emily Shu on for Andrew Obin. Just a question on price cost. What was price cost in the quarter for the total company? And
can you talk about the pricing dynamics for each of the segments as well as how you'd expect price cost to play out next quarter?
Question: Emily Shu - BofA Securities, Research Division - Analyst
: Okay. Great. And then maybe you can go sort of region by region on MT performance versus the global auto market and then sort
of I'm curious in which regions were OEM supply chains most stress? And that will be it.
Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst
: Question on the IP -- on the project side of IP. Typically, when we see downturns here, you've got capacity chasing volume and
pricing suffers because of it. Given all of the supply chain constraints and the improving demand, you probably now have demand
chasing capacity. Does that give you guys the opportunity to, I mean, be that higher margins and potentially see better industrial --
better IP margin performance on the projects that are going into backlog currently and maybe over the next few quarters?
Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst
: Okay. And then in Motion Tech, some of your competitors there haven't historically had the best operating metrics, margins, on-time
deliveries and could probably be even more challenged in the current environment. Does that really highlight the customers the
differentiation of ITT and potentially present even more share gain opportunities for you than you've seen over the last few years?
Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst
: And then one last one. I haven't heard an update for a while on Smart Pad. I know a lot of the investment dollars over the years have
gone into Smart Pad. Can you give us an update on where that is in development and when potentially it could go into operation?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
NOVEMBER 04, 2021 / 12:30PM, ITT.N - Q3 2021 ITT Inc Earnings Call
| 
