And it really was reflective of strong, solid performance in all the subsegments in A&D. Growth was particularly strong across our aftermarket businesses as air travel returns to pre-pandemic levels, driving very strong demand for MRO products and services. And given the strong growth in the quarter, we now expect sales for the full year to increase low double digits on a percentage basis versus 2022, so we increased our outlook for our aerospace and defense businesses.

Aug 1, 2023 / receipt, needs a key / David, CEO | earnings call 2023-08-01 | transcript 689f5a85-2b0c-4d1d-832f-2ec06d3b1822 | chars 17989-18463 | segment 18

We're seeing decreasing costs in some commodities and logistics offset by other costs and wages and travel, but I feel like we have that really under control with good visibility and the results there speak to the highly differentiated nature of Ametek's product portfolio.

Aug 1, 2023 / receipt, needs a key / Bill Burke, CFO | earnings call 2023-08-01 | transcript 689f5a85-2b0c-4d1d-832f-2ec06d3b1822 | chars 23320-23593 | segment 24

As I said, our inflation was about 4%. We are seeing decreasing costs in some commodities, some logistic costs, but there's other inflationary costs and things like wages and travel. So there's net inflation for sure, and it's sticky, but we think it'll moderate a bit this year from what we're seeing.

May 2, 2023 / receipt, needs a key / Dave, other | earnings call 2023-05-02 | transcript aff5c708-cf67-4fcb-a098-1b01dc010130 | chars 28482-28784 | segment 28

So there was about $10 or $15 million of travel expenses that are bleeding in slower than we anticipated earlier in the year, but largely all the expenses besides travel are back in the P&L.

Aug 3, 2021 / receipt, needs a key / Dave Zepico, CEO | earnings call 2021-08-03 | transcript 0f4badea-2a7c-4d80-a17f-feff0291eb23 | chars 21321-21511 | segment 22

While we are cautious in the short term given COVID-19 and ongoing travel restrictions, We are highly confident in the strength of our businesses and our ability to deliver exceptional growth and shareholder returns over the long term.

Feb 4, 2021 / receipt, needs a key / Dave Zepico, CEO | earnings call 2021-02-04 | transcript 930fc55f-c091-4436-9e0c-977d1202c756 | chars 3082-3317 | segment 3

And for the full year, total incremental savings versus the prior year were $235 million with approximately $145 million in structural savings and $90 million in temporary savings, including furloughs, travel reductions, and temporary pay actions.

Feb 4, 2021 / receipt, needs a key / Dave Zepico, CEO | earnings call 2021-02-04 | transcript 930fc55f-c091-4436-9e0c-977d1202c756 | chars 8316-8563 | segment 8

While sales continue to be impacted by the pandemic, The demand environment showed solid improvements from the second quarter as customers returned to work and travel restrictions began to slowly ease.

Oct 29, 2020 / receipt, needs a key / Dave DiPico, CEO | earnings call 2020-10-29 | transcript 97bd02f9-d11c-4b2f-930e-b32d2a432a4c | chars 2410-2611 | segment 2

You know, the high-level, you know, travel is a part of that, and it's going to come back slowly through the year, but some of the costs have already been restored.

Oct 29, 2020 / receipt, needs a key / Bill, CFO | earnings call 2020-10-29 | transcript 97bd02f9-d11c-4b2f-930e-b32d2a432a4c | chars 26195-26359 | segment 26

Work from home requirements and travel restrictions have changed how companies interact and engage with customers.

Aug 4, 2020 / receipt, needs a key / Dave Zepico, CEO | earnings call 2020-08-04 | transcript 5d7449d5-3337-4efd-9bf7-ee4517e9022a | chars 9170-9284 | segment 9

And it's still a bit of an issue, especially now traveling the U.S. And really what it comes to is you can travel, but you're quarantined. And, you know, that was a big issue in China. Now that's abated. But that's a spotty issue around the world.

Aug 4, 2020 / receipt, needs a key / Rob Wertheimer, other | earnings call 2020-08-04 | transcript 5d7449d5-3337-4efd-9bf7-ee4517e9022a | chars 33548-33795 | segment 34

And we talked about widespread travel restrictions in addition to project pushouts and delays in our ability to provide service. So that impacted process significantly.

Aug 4, 2020 / receipt, needs a key / Bill, CEO | earnings call 2020-08-04 | transcript 5d7449d5-3337-4efd-9bf7-ee4517e9022a | chars 39619-39787 | segment 40

At that time, we started to limit discretionary spend and nonessential travel.

May 5, 2020 / receipt, needs a key / Dave DiPico, CEO | earnings call 2020-05-05 | transcript 3eb6fc0c-370b-464b-98c9-fe64f357f753 | chars 8483-8561 | segment 8