Nigel Coe: So Beth, every time you mentioned AI and liquid cooling, the stock ticks higher, so keep it going, all right? So ECM, I think you’ve quantified a $0.08 to $0.10 for the full year and I think all of that comes in the second half of the year. So I just want to confirm that that’s still the case. And does that come in pretty equal between 3Q and 4Q? And then maybe just talk about what kind of your impressions are as you’ve taken control of the business. I mean, has your perspective on the channel opportunities, synergies changed at all?
Beth Wozniak: Well, let me start because we’re very — we’re 60 days in and we’re very pleased with the ECM acquisition. And as we said, when you look at that portfolio, it builds out our power connections and grounding solutions. So very complementary to what we do and we see opportunity there to be able to take those products through the strength of our distribution channel and globalize it. And that will take some time but we’re working on it. One of the things I would say, there’s other products that we believe are essential things that contractors use every day. So that’s a great fit, the tools and test instruments, along with our nVent CADDY portfolio. And there are some channels there, specialty channels and retail channels where we believe that’s going to be an opportunity for us to pull through some of our core nVent products.
So I think we’re very pleased as we look at some of those growth synergies and I’ll let Sara talk about the cost side as well. But 1 thing I will say that we learned is when you get into a business, you find that they have supply chain challenges. And that is our first priority, is to make sure that we’re addressing where they’ve got supplier issues or capacity constraints. And that’s something we just need to work through. But we’ve got a great experienced team that we’re working on that so that we address that so we can really drive capacity and accelerate our growth there.
Sara Zawoyski: And then just in terms of the EPS and the cost synergy part of the equation, we do continue to see the EPS contribution in this year being $0.08 to $0.10 on the EPS line for ECM. $0.02 of that came a bit early here in Q3. But the balance of that, we would expect that to be a reasonable assumption of that roughly kind of running through half and half, Q3 and Q4. From a cost synergy standpoint, we estimated roughly $10 million to $15 million by year 3. And as Beth said, even on the growth side, on the cost side, 60 days in, we have high conviction here and good visibility. And the teams have done an excellent job really executing even on some early wins here around looking at parcel rates, looking at efficiencies from an insurance program standpoint. We also have good line of sight to the cash tax synergies that we alluded to as well which is roughly $6 million to $8 million related to that step-up in amortization for the next 10 to 15 years.
Nigel Coe: Okay, that’s great. And that’s $0.02 in Q2, not Q3, right?
Sara Zawoyski: $0.02 in Q2, correct. The balance of that really being in that Q3, Q4 time frame.
Nigel Coe: Right, that’s great. Obviously, volumes are a big kind of area for conversation right now. And you talked about the sell-through is positive. And I’m sure you mean volumes sell-through Is positive. So I wonder, maybe just a bit more color in terms of what you’re seeing on sell-through. Any quantification you have on that by business would be great.
