“Over time that go up to 30%, maybe a little bit better than that. It will be a little bit higher in the industrial side. So we do expect TEBG and SIBG to get to 40% or beyond 40% class fours and fives, but we are still running as a company around 25% today.”

In context

“. Brett Linzey: Thanks. And then just a follow-up on the new product launches. So 92 in the quarter pace for the 350-plus What portion is incremental share or TAM expansion versus replacing or cannibalizing existing SKUs? I guess, is there a metric you guys are looking at that looks at net new contribution internally versus gross NPI that might help us bridge some of the opportunity here over the next couple of years? William Brown: Yes, Brett. Let me look, when we talk about growth above the a lot of it is going to be net new you know, growth, and that is sort of what is, you know, we articulate that. Class 3 for us is running around 75% of the launches class fours and fives, which is more new adjacent markets or new, if you will, new products for new markets. that is running around 25%. Over time that go up to 30%, maybe a little bit better than that. It will be a little bit higher in the industrial side. So we do expect TEBG and SIBG to get to 40% or beyond 40% class fours and fives, but we are still running as a company around 25% today. Thanks, Bill. You bet. Congrats on the quarter. Thank you. Operator: And our last question today comes from Laurence Alexander with Jefferies. Please proceed with your question. Laurence Alexander: Can you give a high level assessment of the margin profile in the new product mix? Relative to your core businesses? Used to be that was a significant gap. And I am curious if the gap is stable that is as your overall margins are rising, is the margin embedded in the new products pipeline also rising? Or should we think about it more as over time kind of your lifting you are just having a mix shift where the higher mix is what is driving the margin lift, but eventually, the 2 would converge to equilibrium. William Brown: Look, a nutshell, look, we expect to reduce see that margins on new produc”