Question-and-Answer Session
Absolutely. We will now take our question and answer portion of the call. [Operator Instructions]. We will take our first question from Alexander Blanton with Ingalls & Snyder.
Brian D. Jellison - Chairman, President and Chief Executive Officer
Good morning to Alex.
Alexander M. Blanton - Ingalls & Snyder
Little bit since you started talking Brain. I think you've done a good job of telling us about the some other cyclical parts of the business particularly the energy part and compressive control. And, clearly this is a minor part of the business compared with growth businesses, but what the market is concerned about investors, shareholders in Roper and so on is what is going to happen in 2009 to the global economy and to these cyclical parts which you do have some. And I am thinking of for example compressor controls projects in the energy area where you are providing systems that there maybe push outs or even some cancellations in some of those.
So, and some of the other industrial type products, so in your judgment looking at 2009 what's going to be the balance between things that are exposed to the economy and the growth parts. Are a growth parts which you get, did a good job of enumerating. Are they going into more than offset any possible equivalent item to the smaller cyclical parts in 2009 and enable your earnings to continue to grow despite what looks like a very... much worse and expected global economy?
Brian D. Jellison - Chairman, President and Chief Executive Officer
Well. I obviously a great question Alex and I know it's on everybody's mind.
Alexander M. Blanton - Ingalls & Snyder
Are you speaking into the microphone?
Brian D. Jellison - Chairman, President and Chief Executive Officer
Yes, I'll say it hopefully we are on. I said it's a great question I know and certainly on everyone's mind, we haven't really released any 2009 forward-looking guidance, we just talked about the quarter, I would certainly say that we don't expect the company to go backwards, as we look at some of things people have written suggesting that we earn less money in '09 and for earning in '08, we're how to strained about that kind of concept but this is good, it is very hard to predict how much growth we'll have in next year. But the incoming plans that we have into the field there are all do this weekend for '09 '10 '11, we start our planning reviews on Monday with the industrial businesses. So, we haven't had that, that's going to take as; frankly we have about a six week in depth their process we have to meet every management team and go through a variety of things.
- To read the full transcript on Seeking Alpha, click here »
