Question · Q3 2025
Christopher M. Snyder sought clarification on the Q4 top-line guidance, specifically the organic, M&A, and FX contributions, and later asked if the improved industrial and power business growth was solely data center-related.
Answer
David Zapico, Chairman and CEO, indicated M&A would contribute mid to high single digits to the Q4 sales guide. Dalip Puri, EVP and CFO, added that no significant foreign exchange impact is expected. Mr. Zapico confirmed that the growth in industrial and power is primarily driven by the power side, specifically backup power systems, microgrids, and RTDS simulation systems for data centers and grid modernization, with the industrial side being solid but not the main growth driver.