Question · Q3 2025
James, on behalf of Siree Boroditsky, asked about the key factors driving growth in high-growth markets for water quality, which outperformed other regions, and the expected future trajectory. He also inquired about the drivers behind strong high-single-digit recurring revenue growth and whether it's expected to continue outpacing equipment sales.
Answer
Jennifer Honeycutt (President and CEO) attributed strong high-growth market performance to China no longer being a drag, continued growth in Latin America, and double-digit growth in India and the Middle East due to infrastructure development and water challenges. She explained that both equipment and recurring revenue are growing strongly, driven by printer/instrument placements and associated consumables, with increasing contributions from software-based businesses like TraceGains and Esko.