Question · Q1 2026
Jose, on behalf of Andy Kaplowitz with Citi, asked about the progress of mega projects, what distributors are hearing, and how the company is balancing the presence of large projects with a somewhat uncertain macro environment.
Answer
Chairman and CEO Jennifer Parmentier explained that the distribution channel, which serves small to mid-sized OEMs on capital investments, indicates a large number of mega projects are still out there, though delays persist. She noted that some projects are starting to kick off, primarily driven by customers seeking productivity and efficiency.
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