Robert McMahon: Dan, and to build on Mike’s point, just a couple of other additional data points. we were down pretty significantly in all end markets in Q4, as you would expect because we were up 44% in Q4 of ’22. And so that’s probably not as relevant because we were catching up relative to some of the catch-up of the Shanghai shutdown. Another data point, though, is if we looked at kind of year-on-year growth actually, we exited October, the year-on-year performance. It was still a decline, but it was much better than what we saw at the beginning of the quarter. And so we actually saw a sequential improvement. I think Mike mentioned that in his prepared remarks. And then if we looked at kind of absolute dollars, they’ve been pretty steady month-on-month.
Daniel Brennan: Got it. And then Chemical and Advanced Material was like a tale of 2 cities. It looks like C&E was down 15% in the quarter, you said and you talked a lot about PFAS. And so is there any more color like what you’re seeing on kind of both sides of coin there? What’s kind of baked in on the core chemical and energy side for the year and just anything on trends there? And then obviously, it sounds like you guys still remain really constructive on the Applied Materials side or Advanced Material side.
Mike McMullen: So how about Bob lead here a few comments. And then I’ve been dying to pull Phil in on here as well. And maybe talk about some of the things he’s seen on the Advanced Materials side, which is a real area of expertise for him, so. But I think your word of tail of 2 cities is really quite appropriate, both in terms of breakout by segment, also by geography. I think we posted 70% growth, if I remember correctly, in China last year. So I mean that’s a tough comp. I don’t care who you are. But we’re seeing continued slowness on the C&E side. Our major customers here are really conservative in terms of their deployment of capital. Many of our largest customers are on cost control. So that’s been — that’s what you’re seeing reflected in the numbers, and that’s why we expect a constrained outlook on that side of the business for a while.
The different story on the Advanced Materials, and I think Bob, you pointed to good growth geographically globally outside of China. And then Phil, I know you and the team got a whole bunch of initiatives around the applied markets, particularly not only PFAS but Advanced Materials. And I thought a good opportunity for me to introduce you to the audience and have you share your perspective on what we’re doing on the applied on the Advanced Materials side.
Phil Binns: Yes. Thanks, Mike. Yes, certainly, we’ve mentioned you’ve talked around the activity within labs being ex-China, at least being reasonably robust. But on the applied market side and certainly around Advanced Materials. We’re certainly relatively strong in those markets, and we’re seeing good really good generation around the batteries market. And of course, we’ve spoken about the onshoring process around there in the Advanced Materials area. So globally, that obviously comes into the onshoring. And globally, we’re in strong positions in those markets and have been historically and continue to innovate strongly around those markets and stay close to those customers.
Operator: We go next now to Dan Leonard at UBS.
Dan Leonard: I wanted to circle back for a moment on the Q1 guide. You spoke about a challenging year-on-year comp a couple of times. But as you’re thinking about the Q4 to Q1 sequential ramp in dollars, how much of that decline forecasted is what you chalk up to seasonality versus prudent if you could give us a flavor.
Mike McMullen: Great question, Bob.
Robert McMahon: Yes, Dan, that’s a great question. If you look at last year and our revenue went down roughly $90 million; $90 million, $95 million from an extremely strong Q4 to also a very strong — if you look at the midpoint of the guide, it’s a little over $105 million, $110 million. So there is an element of looking at what we did last year, again, not assuming a strong budget. I don’t want to kind of parse it out to give you a percent, but that kind of at least gives you kind of how we were thinking about the Q1 guide relative to what we saw in Q1 of last year.
Dan Leonard: Appreciate that. And then as a follow-up, can you remind me in 2024, when do we lap the headwinds on the genomics side? And what is your appetite continued investment in genomics as part of the DGG portfolio.
Robert McMahon: Yes, I would expect us to — we will have a difficult Q1 and then starting to get better from Q2 and beyond, not dissimilar from the rest of some of the businesses. And then I’ll let Mike talk about the kind of the investment.
