And on top of that, while most of the opportunity sits in the LC/MS space. We’re also starting to see the GC/MS as an opportunity to look at testing of PFAS molecules in the year and all the volatile, so which speaks extremely well to our opportunity.
Mike McMullen: Yes. Thanks, Jacob, for those build. And this is the first time in my tenure where that we’ve seen this kind of money coming in, in the U.S. marketplace with the government support. So it’s a very encouraging trend, and we think that trend is going to be with us into ’23.
Brandon Couillard : That’s great. Then a couple for Bob. Just number one, can you just quantify the Lunar New Year impact in the first quarter on a year-over-year basis. And then with supply chain loosening, which it sounds like they are, what are the implications for that in terms of working capital as you move through the balance of the year?
Robert McMahon : Yes. Brandon, thanks for the questions. Yes, the Lunar New Year is roughly a little over 0.5 point impact year-on-year for headwind had in our first quarter. It starts in mid-January this year versus the first of February last year. And so — and for those that will come back to us in the second quarter. And then I think in terms of supply chain, — it is — we think it is improving, but it’s not back to kind of pre-COVID levels, both on the standpoint of being able to get products to customers, but also procuring raw materials and the costs associated with that. We do think that that’s going to improve over time. I would say I wouldn’t expect any changes — any material changes certainly in the first half of the year and then maybe some slight changes as we get into the back half of the year.
But — we do think it is improving, but we’ve increased our stocks of critical supplies. And I don’t think it will go back to pre-COVID levels in terms of how we’re running that just to ensure that we have the ability to flex when we need to if there were challenges around logistics across the world.
Operator: We’ll go next now to Daniel Brennan of Cowen.
Daniel Brennan : Congrats on the quarter. Maybe just the first one, just on LSAG. Another really impressive quarter with 24% growth on the instruments. So the mid-single-digit guide, obviously, you’re up against tough comps, but it does reflect the notable slowdown from what you guys have been doing. And maybe just walk through a little bit of what kind of drove the strength this quarter kind of end market versus Agilent specific? And then is there just a healthy degree of conservatism baked in for the guide? Or is it really just tough comps?
Robert McMahon : Yes. I would say at the beginning, Dan, we’re at the beginning of the year, there are uncertainties out there, as I’d repeat what Mike said, it’s beginning of the year and that’s a prudent guide. I would say that there’s an element of tough comps, particularly in the second half of the year as we have been building — taking down the backlog certainly in China, which was China just a deferral from Q2 into the second half of the year. But I would say, fundamentally, the demand is still strong. And I think across the end markets, our expectation is that the Pharma and Chemical & Advanced Materials markets will continue to lead the way for us with faster-than-expected growth, I think, in Environmental & Forensics for that PFAS testing.
