Mettler-Toledo International Inc Q3 2023 Earnings Call Summary

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

Question: Rachel Marie Vatnsdal Olson - JPMorgan Chase & Co, Research Division - Analyst : So first up, I just wanted to see if you could spend a few minutes talking about your exit rates of how the segments performed in the month of September and then so far into October and early November here? And then you mentioned during Derik's question, for your CAGR on the volume side and seeing some stabilization there that gives you confidence into the back half ramp next year. So can you just talk about are those CAGRs that you're referring to really about the overall 3Q CAGR? Or are you just looking at some of the exit rates here, given it sounds like July and August were likely a bit stronger?

Question: Rachel Marie Vatnsdal Olson - JPMorgan Chase & Co, Research Division - Analyst : Got it. That's helpful. And then I just want to perhaps a little bit more on that first half, second half dynamic next year. You talked about China being pretty pressured in the first half and then starting to get optimistic about growth in the back half of the year. But I wanted to press on those types of assumptions around the lab and industrial businesses. How much of a meaningful step-up should we see in growth rates in both of those segments next year? And then again, how much of that is really driven off the year comp dynamic versus underlying demand accelerating?