And we would expect that business would be impacted by that. So I think net-net, I mean, our view is it’s a reasonable range and targeting kind of this 10% earnings growth based off of the revenue and segment income guidance that exists.
Damian Karas: Understood. Appreciate all of that. And then my second question is with respect to the Detection & Measurement margin guide. So you’re expecting some nice top line growth, kind of mid-single digits, but more flattish type margin trajectory. So is that primarily mix related? Or maybe if you could just kind of lay out the margin bridge for D&S and how you’re thinking about that.
Gene Lowe: Yes. Damian, I mean, I’ll start. It’s really €“ you hit on it. It’s primarily a mix issue, right? We’ve got some large project orders in there that we mentioned that you saw or we referenced in the backlog and they include some pass-through revenue, which ultimately results in what, I guess, I would call a lower than average margin that we see from these projects and in that business.
Damian Karas: Got it. Makes sense. I will get back in the queue. Thanks, guys.
Gene Lowe: Thanks, Damian.
Operator: Thank you. Our next question comes from the line of Bryan Blair of Oppenheimer. Your line is open.
Bryan Blair: Thanks, guys. Great finish to the year.
Gene Lowe: Thanks, Bryan.
Bryan Blair: Obviously, EPS came in solidly ahead of expectations. Maybe offer a little more color on the sources of the $0.20 beat. And I guess, I’m particularly curious if we should consider anything one-time-ish in that regard.
Paul Clegg: So Brian, first of all, just €“ I’ll start. The €“ this is Paul speaking. A lot of it was really around really strong execution. You’ll see that we have very strong results in our HVAC business in both heating and cooling, where we have large backlogs. And as supply chain improved and our labor position also improved, we were able to get through nice amounts of that backlog and drive better throughput in our plants in HVAC.
Gene Lowe: Yes. And I think, I mean, just adding on to that, right, that’s really what drove the margin increase you saw in HVAC quarter-over-quarter, year-over-year, the 320 basis points, right, as supply chain is as or the labor environment and its impact on some of our plants receded somewhat. We were able to really drive throughput.
Bryan Blair: Understood. Results were excellent. Maybe offer some additional detail on infrastructure opportunities, the SPX platform is most likely to benefit going forward and where and when we may see those tailwinds really accelerate and read through to growth?
Mark Carano: Yes. Brian, I’ll give you some color on that. I think that the most immediate place we see when we look at that is more in the Detection & Measurement side, I’d say the first place that we’ve seen it would be on transportation, our fair collection platform, where there is been a lot of activity and you see the municipalities, some of the larger projects that they have out there are really starting to move to fruition, and we see that as something that’s actually happening right now. If you kind of look across our portfolio there is a lot of different places that the infrastructure monies could be beneficial. Having said that, it’s not all at the same time. It’s not all year one. You look at, for example, our lighting business, where we provide lighting solutions for wind mills or 5G towers.
