Question · Q3 2025
Nathan Johns inquired about the stabilization and positive inflection in industrial vehicle orders, seeking color on driving regions or end markets. He also asked about the expected revenue cadence for Defense Electronics in 2026, considering potential government shutdown impacts.
Answer
VP and CFO Chris Barker acknowledged challenges in industrial vehicle markets but noted the team's success in maintaining flat sales, highlighting opportunities in Europe, a 4% year-over-year improvement in Q3 orders, and a strong October. For Defense Electronics, he anticipated potential Q1 2026 pressure due to shutdown delays, leading to a more back-half weighted year, but expressed confidence in order recovery.
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