Operator: Your next question comes from the line of Nathan Jones with Stifel. Your line is now open.
Unidentified Analyst: Good morning. This is Matt on for Nathan Jones. I just wanted to talk about Life Sciences. Outside of the Disk Drive business, can you talk about the growth in food and beverage and higher processing and the opportunities there?
Tod Carpenter: Sure. Food and beverage Matt grew in the quarter above 20% and so we continue our real positive momentum within the food and beverage initiatives that we have pressing forward. Unfortunately, obviously the headwind in the Disk Drive has muted that rather significantly. And again, I do want to emphasize that when it comes to the Life Sciences pieces, we’ll give at Investors Day, a very forward-looking strategic view of how all of the acquisitions that we have made, as well as our food and beverage initiatives really contribute to our strategy forward-looking.
Unidentified Analyst : Okay. And then turning back to kind of Mobile aftermarket sales, with regards to inventory, is there an underlying markets starting to contract? Do you believe the contraction is all due to more inventory normalization?
Tod Carpenter: It’s more balanced. It’s more inventory across the overall channel. Ag still holding very good; construction is holding good; over-road trucking is good; mining is good. So it’s just more a sign of supply chain really normalizing and so people have more confidence, and they’re just walking down slightly, inventory management.
Unidentified Analyst : Okay, great. Thank you.
Operator: Your next question comes from the line of Dillon Cumming with Morgan Stanley. Your line is now open.
Dillon Cumming : Hey! Good morning guys. Thanks for the question. I apologize for fixating on this a little bit. I just wanted to come back to Life Sciences one more time. You know can you just talk through the decision to include Disk Drive in Life Sciences? I think going forward right, you talked about how Disk Drive is still a secondarily more challenged market relative to the more positive outlook you have for Process Filtration. You know was it more about the margin profile? Like what really caused the, you know I guess the impetus to include Disk Drive in Life Sciences?
Tod Carpenter: Disk Drive belongs into the Life Sciences sector because the technologies of membranes are all how you €“ are all included in that sector and how those technologies really apply directly into the Life Sciences sector. So expanded Polytetrafluoroethylene, to be able to make membranes is really critical to the long-term strategy of how we view Life Sciences. And when you look at what we’re inventing out of our Disk Drive based businesses, that has allowed us to go into other medical based applications, etc. So, it’s really a foundational technology view, and then how that foundation then builds up directly into the end markets, enabling products to be invented in between to solve customer problems and that’s why it really belongs in Life Sciences. It happens to deliver to Disk Drive today, and it’s been terrific for us in inventing great membranes that now we can parlay over into our Life Sciences sector, and that’s why it’s there.
Dillon Cumming : Okay. Yes, that makes a lot of sense. And then if I can just ask on the Industrial Solutions margin expansion in the quarter. I’m just wondering if you can kind of expand on that a bit. I know you called out the inventory valuation, kind of gross margin tailwind at the company level. But I’m not sure if that benefit was felt more acutely in Industrial, if there was a more idiosyncratic price/cost benefit or what was actually driving the outsized margin expansion there?
Scott Robinson: Yes. I mean the Industrial business had a really strong quarter. They had good price and they had good volume and so they grew pretty significantly, 12.8% and 16.7% in local currency. So our Industrial team is hitting their stride and they had strong incremental margins this quarter, and that includes a currency drag. So the business performed well, and here we were coming off of COVID. So admittedly so, we have weaker comps there and we had a cost issue last year. So the overall margins for the company were pretty weak last year and we’re coming off of weak comps and really good performance for the Industrial team this quarter, and so you see that strong operating margin growth. And so we’re really pleased and grateful for their performance.
Dillon Cumming : Great! Very helpful. Thanks for your time.
Operator: There are no further questions at this time. I turn the call back over to Tod Carpenter for closing remarks.
Tod Carpenter : That concludes today’s call. Thanks to everyone who participated and we look forward to seeing you at our Investor Day, April 4 and reporting our third quarter results in late May. Have a great rest of the day! Goodbye!
Operator: This concludes today’s call. Thank you for attending. You may now disconnect.
