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    Michael Anastasiou • Cowen and Company

    Michael Anastasiou's questions to ITT Inc (ITT) leadership

    Michael Anastasiou's questions to ITT Inc (ITT) leadership • Q1 2025

    Question

    Michael Anastasiou of TD Cowen asked about potential pre-buying in the connectors market and how aerospace inventory destocking might affect the anticipated OE production ramp.

    Answer

    CFO Emmanuel Caprais stated there is no evidence of pre-buying in the general connector market, with distributor inventories appearing healthy. However, he acknowledged evidence of excess inventory specifically within the aerospace channel. He anticipates a recovery in aerospace orders in the second half of the year, which should translate to revenue improvement toward year-end.

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    Michael Anastasiou's questions to Cognex Corp (CGNX) leadership

    Michael Anastasiou's questions to Cognex Corp (CGNX) leadership • Q3 2024

    Question

    Speaking for Joe Giordano, Michael Anastasiou asked about the emerging customer initiative's revenue potential, questioning what the uplift could be in a more normalized factory automation market, given its current success in a weak environment.

    Answer

    CEO Robert Willett clarified the 'almost $1 million per week' booking rate is a growing figure, not a static cadence, and declined to quantify the potential uplift in a better market. He and CFO Dennis Fehr emphasized that since the new sales team now serves existing accounts, not all revenue is incremental, making it difficult to parse out a specific uplift figure.

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