“We are expecting moderate growth in 2025 for oil and gas in total.”

In context

“ales merchandising programs, but we’re not calling that for 2025 yet. We still think that’s somewhere we need a lot of work still to be seen to make sure that we’re actually seeing that continue to flow through. Operator: We’ll move next to Rob Wertheimer at Melius Research. Rob Wertheimer: Hi, good morning and thank you. My question is on you have a large and diverse oil and gas business, and I’m wondering if you could characterize, especially if you will on gas compression, kind of where you think you are in the cycle. Obviously we’ve had Europe, we’ve had Russia, we’ve had lots of different demand shifting around, and there may be other growth areas - [indiscernible], etc. I just wonder if you could give a little bit of an outlook on oil and gas. Thank you. Jim Umpleby: Yes, certainly. We are expecting moderate growth in 2025 for oil and gas in total. For recip, we expect engine services to be slightly down for the year, really driven by gas compression and well servicing. We did see some order pick-up in recip gas compression in late 2024. On the solar turbine side, very healthy backlog, healthy order intake and inquiry activity. We do expect growth in oil and gas in the year. We are seeing, to your specific question about gas compression, solar does have a--there’s a lot of activity around gas transmission, gas compression particularly in the United States - many pipeline customers are adding compression to existing pipelines, so again that business is quite strong, and a lot of quotation activity as well. Rob Wertheimer: Thank you. Operator: We’ll go next to David Raso at Evercore ISI. Andrew Bonfield: Hi David. David Raso: Hi every”