Watts Water Technologies, Inc. (NYSE:WTS) Q3 2023 Earnings Call Transcript

Shashank Patel: On the inflation question, right, so certainly, our expectation is inflation will be lower next year as far as compensation benefits, etcetera, but there will still be inflation out there. I think your point on deflation on commodities, I think that’s highly dependent on China and other Chinese economy does, recognizing that a lot of copper and steel was used in China. So, I think that’s something that we don’t know the answer on that. We will just see how the markets react. But for excluding commodities, we do expect a lower level of inflation.

Joe Ahlersmeyer: Alright. Thank you both.

Shashank Patel: Thank you.

Operator: [Operator Instructions] There are no further questions at this time. Bob Pagano, I will turn the call back over to you.

Bob Pagano: Thank you. Thanks for taking the time to join us today. We appreciate your continued interest in Watts and look forward to speaking with you again at our fourth quarter earnings call in February. Have a good day and stay safe.

Operator: This concludes today’s conference call. You may now disconnect.