“we're assuming Life Science tools up for - up low-single digits and Pall and Genomics will be down.”

In context

“orning, Jack. Jack Meehan: Good morning. Wanted to start by digging more into the guide for Life Sciences in 2025, that's where I'm getting most of the questions, notably the pacing. So starting down mid-singles, getting to low-single digits up for the year. As you look at the operating businesses there, can you just call out, is there anything that stands out as one-off, or notable in terms of the ramp? I mean, just when in the year will you return to growth? Is 2Q reasonable or is it more back-half weighted? Rainer Blair: So, Jack, good morning, and thanks for the question. For 2025 in Life Sciences, it's the one segment where we see a little bit of noise right now with the external environment. But given that, we're trying to take a reasonably prudent approach to the guide for 2025 and we're assuming Life Science tools up for - up low-single digits and Pall and Genomics will be down. So we'll possibly do better, but where we sit today, this is probably a good starting point. As we think about the phasing, we would expect each quarter to get a little better. Matt McGrew: Okay. Jack, maybe - just Q1, like you said, it's kind of down mid-single digits. I think we probably are kind of flattish as we head into Q2, and then kind of ramp up from there. And really Q1, the big kind of comp issue is a lot of it really is Pall, in particular, some of the things in the industrial business, both year-over-year with some big projects that we saw there and then also sequentially kind of the step-down. If you will, from Q4 in Life Sciences, they were a double-digit grower here in Q4. I think they're going to be negative here in Q1. And given the size of that business, it's almost $2”