And that’s, as you saw on Slide 5, how we see this organic revenue CAGR of 17% on this kind of core product line and technology. So I’ll say, yes, the team is firing on all cylinders this morning as I was driving, I was actually chatting with our leader in China. He’s actually — was actually our — he was with the team at our innovation center in China and doing a review of their new product technologies and he was living super inspire and excited. So again, it’s just a good team, solid performance and very happy with how the team continues to navigate this tough environment in China.
Rob Wertheimer : Excellent. Thank you.
Vicente Reynal: Thank you.
Operator: And the next question comes from the line of Andy Kaplowitz with Citigroup. Your line is open.
Andy Kaplowitz : Good morning everyone.
Vicente Reynal: Hi, Andy.
Andy Kaplowitz: Vicente, could you give us a little more color into the dynamics of your compressor order strength in the sense that, I think, historically, you’ve had 20% cycle versus 80% short cycle. The long cycle business is currently much stronger than short cycle in one end markets. If you could give us some detail or driving the most order growth right now?
Vicente Reynal: Yeah. I would say Andy, maybe not a dramatic change. I mean, maybe instead of being 80-20, could it be 70-30, potentially? Yes. But not in such a dramatic way. So we see good momentum on the long and the short, I think what we’re very happy with is the performance of the oil-free. Oil-free, which tends to be higher level of technology, more difficult for others to penetrate. So we still see this as a main market and a product line that we see continued momentum for growth as we continue to take more share in a good way.
Andy Kaplowitz: That’s helpful. And then Vik, it looks like it’s just a tweak, but I think you actually lowered your incremental margin forecast for the year to 35% versus 35% to 40% previously despite you beating margin in Q2, and I would imagine price versus cost of anything is getting better in the second half versus the first half. So could you give us more color into what you’re seeing there?
Vik Kini: Sure. Yeah, Andy. I think in terms of the last part of your question on the price cost, like we said before, we were very early in our pricing actions. I think right now, the expectation is the back half looks fairly comparable to how we were guiding before. I wouldn’t call that a meaningful change. In terms of the margin tweak as you put it, it’s just that, just a minor tweak. A couple of things to note, we did call out that there’s some slight increase on corporate cost. We did have — you saw some of the capital that was deployed to M&A. So we did actually have a technology acquisition that we completed in Q2 that right now, I’d say minimal revenue base to the cost base but one that we’re very excited about for the future.
So again, when you put those two in perspective, that’s probably the meaningful portion there. And as we’ve always said, we’re going to continue to invest in the business. I mean, as Vicente said, whether it be in Asia or anywhere else around the world. We’re going to continue to invest in growth resources to drive out-performance from an organic growth perspective as we look forward. So I think that’s the way we look at it in totality. But again, nothing in terms of a meaningful change in our opinion, from where we’ve been operating or prior guidance.
Andy Kaplowitz: Appreciate it guys.
Vik Kini: Thank you.
Operator: And your next question comes from the line of Nigel Coe with Wolfe Research. Your line is open.
Nigel Coe: Good morning.
Vik Kini: Good morning, Nigel.
