“All I'd say is the expectation of margin expansion is something that we have laid out. That 30 to 50 basis points of margin expansion is how you should be thinking about the margins across all the segments.”

In context

“mments at the end. Matthew J. White: I'll start with any time you look at quarters, you can always have some noise and some bumpiness. I mean we always tend to see that within the quarters. For me, the most important thing is how you're tracking full year and year-to-date. That being said, yes, you're going to have some mix in there, primarily with some of the home care, I'd say, that might be a little bit of an impact. But we feel quite good, at almost 32% margins we're tracking. We clearly see more room to improve. We expect to improve that further. So I wouldn't look very far into a single quarter at this point. And I don't think there's anything really of concern on a go-forward in my basis. But, I don't know, Sanjiv? Sanjiv Lamba: Thanks, Matt, I think you've actually covered it all. All I'd say is the expectation of margin expansion is something that we have laid out. That 30 to 50 basis points of margin expansion is how you should be thinking about the margins across all the segments. Operator: And our next question comes from the line of Laurent Favre with BNP. Laurent Guy Favre: I was wondering if you could talk about the appetite for new projects from customers given the macro backdrop that you are indicating. Is there any risk of, I guess, slowdown or slippage on intake so that your backlog may finish the year below $7 billion? Sanjiv Lamba: So Laurent, I said this in the last call, as I recall, my expectation remains that we will end the year with a backlog with a 7 handle on it. Now this despite the fact that we will start up another $1 billion of the investments that are currently sitting in our backlog in the second half of this year. And most of that will start ramping up towards the back end. So our view, my view remains and our business is currently supporti”