Shawn Vadala: In terms of the other part your question, Derik, pricing actually was very good in the quarter. For the total group, it was actually up 6%, which was a little bit better than what we had expected. And as we kind of like look at the second half of the year that’s for the total company. And as we kind of look for the second half of the year, it’s probably going to be a little bit better than what we were initially expecting as well to probably up by about 4%, which would kind of put us in the 5% kind of a range on a full year basis. And what we’ve kind of continue to observe is that we feel like our value proposition has really resonated and increased over the last few years. As the market like looks for opportunities in terms of productivity and digitalization, it really plays to the strength of our portfolio.
And I think teams do an excellent job in terms of articulating that value proposition to the customer base. And as you kind of mentioned or implied with your question, our price points also tend to be pretty low as you know too. And so that value proposition really resonates, and it’s easy to justify from a customer perspective. So, we feel good about the pricing program and how we think about it for the second half of the year.
Derik de Bruin: Got it. Just as a follow-up. You’re taking guidance down by about 4.5%. It looks like about 2.5% of that is China. So, can you quantify what else is that? And just like what’s pharma, what’s industrial, you’re just not having good feelings about that you just want to be conservative on.
Shawn Vadala: When you say — when you ask that question, are you asking to break down the China piece or the rest of it?
Derik de Bruin: We know the China piece. It’s the rest of the piece that I just want. What’s what else is baked into that remainder that’s not the China cut?
Shawn Vadala: Yeah. Yeah. Yeah. So, hey, I think we do see moderation in the Americas as well as Europe. So, for the Americas, we’re now looking at more flattish growth. For the full year, our prior guide was like more like low to mid single digit. What we’re kind of seeing there is just it’s more concern with our core end markets. One of the things that is happening at the moment we have our three largest core end markets are under pressure pharma, biopharma, food manufacturing and chemical. And in the U.S., food manufacturing and others. We talked a little bit about pharma, but food manufacturing is also an area, especially in our product inspection business, where we see — we came off a good quarter, but we also see some pressure for the second half of the year as these customers are under a lot of pressure.
If you look at Europe, we’re probably modestly a little bit lower than what we were before, at least at the lower end of what we were guiding. We’re thinking more like low single digit for the full year. Previously, we were in the low to mid single digit. The one thing — we’ve actually been very impressed at how well the European numbers have held up this year, but we also acknowledge that PMIs have been down very low there. They’ve decreased recently and it’s been a prolonged period. And of course, there’s a lot of uncertainty in the region, and of course, our end markets there are also under pressure. And if we think about Europe, like a good example is — in addition, again, to give you an example other than pharma, biopharmas, the chemical industries under a lot of pressure.
