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    George Featherstone

    Director and equity research analyst at Bank of America

    George Featherstone is a Director and equity research analyst at Bank of America Securities, specializing in coverage of European industrial and electrical equipment firms. He is known for his in-depth analysis of companies like Signify and Rexel SA, with a performance track record including a 38% profitable recommendation rate and an average return per transaction of 4.5%, highlighted by a notable +92.1% return on a single successful rating. Featherstone began his analyst career in the early 2010s, joining Bank of America after gaining experience at other leading financial institutions and has built a reputation for strategic sector insight in the European industrial space. Accredited for his work in equity research, he likely maintains the necessary FINRA registrations and securities licenses required for his role, though specific license numbers are not publicly disclosed.

    George Featherstone's questions to Spirax-Sarco Engineering PLC/ADR (SPXSY) leadership

    George Featherstone's questions to Spirax-Sarco Engineering PLC/ADR (SPXSY) leadership • Q2 2023

    Question

    George Featherstone from Bank of America asked about the drivers behind the strong growth in the Process Industries segment and its sustainability, and also inquired about the business outlook and recovery profile in China.

    Answer

    Group Chief Executive Nicholas Anderson attributed the Process Industries' outperformance to both pricing and, more significantly, market share gains from new product innovations like the Qdos pump. He described the recovery in China as "underwhelming" and difficult to predict, but noted the local team is mitigating the slowdown by focusing on high-growth niches like EV battery manufacturing and leveraging the company's strong market position.

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    George Featherstone's questions to Spirax-Sarco Engineering PLC/ADR (SPXSY) leadership • Q2 2023

    Question

    George Featherstone from Bank of America questioned the drivers and sustainability of the significant outperformance versus IP in the Process Industries exposure and asked for an on-the-ground perspective of the economic recovery profile in China.

    Answer

    Group Chief Executive Nicholas Anderson attributed the Process Industries' outperformance to pricing, market share gains from the direct sales model, and new product innovations like the Qdos pump. Regarding China, he acknowledged the underwhelming recovery but stated the company's strong competitive position and success in niche areas like EV battery manufacturing are helping to mitigate broader economic weakness.

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