“Our view is that as China stabilizes as we start seeing our comps ease compared to last year, fourth quarter should be on a much more normal run rate, which means on a year-over-year basis, it will show positive growth.”

In context

“m growth. Julian Mitchell: Thank you. And then just my follow-up on electronics specifically, I think you mentioned, Monish, that was down sort of 35% in Q1 year-on-year. It looks like the second quarter is down maybe in the teens based on Slide 13 in electronics. How are you thinking about that sort of rate of improvement? What’s baked into the back half for electronics in your guidance? Do you think we should see year-on-year growth by the fourth quarter for electronics? Any sort of color there around how you are looking at that business through the balance of the year? Monish Patolawala: Yes. That’s – you got it right. Right now, our second quarter is also going to get impacted continuing inventory challenges and destocking at consumer electronics, whether it’s tablets, notebooks, TVs. Our view is that as China stabilizes as we start seeing our comps ease compared to last year, fourth quarter should be on a much more normal run rate, which means on a year-over-year basis, it will show positive growth. Julian Mitchell: Great. Thank you. Operator: Our next question comes from Nigel Coe with Wolfe Research. You may proceed with your question. Nigel Coe: Thanks. Good morning. Mike Roman: Thanks. Nigel Coe: Yes. Great. Thanks. So, just wanted to touch on the Mike Vale as Group President, just first of all, congratulations to Mike. But how does this change your role, Mike Roman, in terms of your focus areas? I mean Mike is obviously – seems like he is getting direct for the three segments. I mean how does this change your focus areas going forward? Mike Roman: Yes. Nigel, I think it’s a reflection on really what are the strategies and actions that we are driving and the priorities that we are focused on right now and the importance of having leadership that brings the necessary focus as we g”