“We expect Q4 to look a lot like Q3 in our end markets, and I would say electronics included.”

In context

“nd I think you said that was broadly in line with expectations. But when do you see the light at the end of the tunnel? When does it bottom -- what does it take for this business to bottom? Michael Roman: Yes, Andrew, I would say we came through third quarter. We still saw as we said soft end markets for electronics, and that's consumer electronics, it's into semiconductor. It's into a big part of our -- what we have as a focus in our customers and electronics. When we look ahead, there's some uncertainty, we're starting to see, as Monish said, electronics stabilize. I think that really reflects that we don't see it continuing to go down. It's starting to stabilize. There's some -- companies are talking about things getting better as they go forward. I would say we're watching it closely. We expect Q4 to look a lot like Q3 in our end markets, and I would say electronics included. So we're watching what we always watch. Our customers are large electronics customers in consumer electronics and semiconductor associated with data centers and those are the -- that's where we're going to be taking the lead from where we see demand going, where we see market performance going, when we see the market improve. We'll take the lead from them. Monish Patolawala: Just another data point for you, Andrew, at the end of second quarter, we had said that the way we predicted electronics was the amount of negative Vs quarter-on-quarter would get better. So if you compare us to the first half and the amount we were down year-on-year versus the third quarter, we are less down. It doesn't mean we are not down, but that's another point that Mike was trying to make is that's where we are”