Mining and energy transition commodity demand

“And we remain bullish about mining, just thinking about the energy transition and all of the commodities that our customers will use our products to produce.”

“As I mentioned earlier, there's a lot of positives in mining. Certainly, the utilization of our equipment is high. The number of parked trucks is relatively low. We expect robust service activity.”

“Customers continue to display capital discipline, however, we continue to believe the energy transition will support increased commodity demand over time, expanding our total addressable market and providing further opportunities for long-term profitable growth.”

“Customers continue to display capital discipline, although key commodities remain above investment thresholds. Customer product utilization remains high. The number of parked trucks remains relatively low. The age of the fleet remains elevated and our autonomous solutions continue to see strong customer acceptance.”

“We continue to believe the energy transition will support increased commodity demand over time, expanding our total addressable market and providing further opportunities for long term profitable growth.”

“The long-term need for minerals is going to really benefit RI.”

“Although most key commodities remain above investment thresholds, customers continue to display capital discipline.”

“We believe the evolving energy landscape will support increased commodity demand over time, providing further opportunities for long-term profitable growth.”

“Although most key commodities remain above investment thresholds, declining coal prices have caused an increase in the number of parked trucks.”

“We believe the evolving energy landscape will support increased commodity demand over time, providing further opportunities for long-term profitable growth.”

“we do not give our exposures by commodity, but we have mentioned in the past that coal revenues are low single digits as a percentage of total revenue, and that obviously is diminishing over time.”

“We anticipate lower sales to users in 2025 compared to last year as customers continue to display capital discipline.”

“Although most key commodities remain above investment thresholds, declining coal prices have caused an increase in the number of parked trucks.”

“I haven't seen any slowdown in the expansion of the journey -- the sustainability projects or the LNG, particularly as it relates to the Middle East and Africa. So I'm still very optimistic there.”

“I continue to look at this the funnel and the capital formation cycle in a positive manner. I haven't seen degradation of projects or projects being eliminated.”

“The three-year visibility of projects within the funnel, size of the funnel and the continued growth give us confidence that we are in a capital formation cycle where our customers need automation content to meet their complex objectives.”

“Our large project funnel, which provides a three year outlook of capital activity, sits at $11.4 billion, and we were awarded approximately $375 million of content in the second quarter.”

“We continue to see significant capital investment in energy and LNG projects to support global demand led by The Middle East and Africa, India, Southeast Asia and The Americas.”

“Underlying orders growth of 4% exceeded our expectations, and all regions were positive, including China. Demand remains resilient for our Process and Hybrid businesses, which were up 6%, and our Discrete businesses collectively turned positive with Test and Measurement up 8%.”