Meaning of “strip sth out” in the English Dictionary

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"strip sth out" in Business English

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strip sth out

phrasal verb with strip uk /strɪp/ us verb [ T ] -pp-

to ignore particular numbers in a situation in order to understand what is really important:

After stripping out property sales, the firm's operating profits rose 10%.

to remove particular costs:

Axa stripped out substantial costs when it took over the UK insurance group.

UK to remove a piece of equipment or machinery in order to replace it with something new:

Production lines have been stripped out and replaced.

(Definition of “strip sth out” from the Cambridge Business English Dictionary © Cambridge University Press)