ITT Inc Q3 2023 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 : I'll just -- I'll follow up on Bryan's question there on the aftermarket. You said 5% down OES and 10% down independent aftermarket. Do you have a view on what of that is inventory destocking versus what of that is actual softer end-market demand?

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Got it. That's helpful. You guys had previously talked about wanting to expand the pump business into Europe and the 2 acquisitions that you've done, they have done that. Does that continue to be a priority for you? What are the other areas of priority strategically for capital deployment into M&A?

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : I would have thought this Svaneh°j business would be definitely more focused on growth and probably less focused on cost synergies. Can you talk about the cost synergies that are there and whether this is more of a don't break what's going on there already in terms of taking cost out and focus more on growth? 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 02, 2023 / 12:30PM, ITT.N - Q3 2023 ITT Inc Earnings Call

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Just any color on what you expect the growth rate to be over the next few years for them?