Question · Q3 2025
Vlad Bystricki asked for more color on the 5% increase in Industrial Process short-cycle orders, including regional and end-market drivers, and the sustainability of this momentum. He also questioned the underlying market demand trends and opportunities in Saudi Arabia and the broader Middle East for IP, given ITT's strong win rates there.
Answer
Emmanuel Caprais, CFO, highlighted strong short-cycle activity in parts and valves, with August and September driving growth, particularly in medical valves for weight loss drugs. Luca Savi, CEO and President, added that legacy short-cycle growth was 7%, with 4% from volume. For Saudi Arabia and the Middle East, Mr. Savi expressed excitement about growth opportunities, citing a 95% win rate, a 21% sequential increase in the active project funnel, and ongoing investments in downstream and other areas. Mr. Caprais emphasized that customers recognize ITT's project management performance, delivering pumps on time with required quality.