Matt White

“Please turn to slide four for the consolidated results. Sales of $9.4 billion $1,000,000 increased 9% over prior year. Currency impact of 1% continues to abate and is not expected to have a meaningful impact for the remainder of the year.”

“Question just around the impact that you've seen on your business and on your customers from what's happening with the Strait of Hormuz and kind of the greater Persian Gulf area, obviously, particularly with helium, but then just with the general business.”

“Fourth quarter results can be found on slide four. Sales of $8.8 billion increased 6% over prior year and 2% sequentially. Versus prior year, foreign currency translation provided a 3% tailwind as the U.S. dollar weakened against most currencies, especially the euro.”

“First quarter results can be found on Slide 4. Sales of $8.1 billion were flat to the prior year and down 2% sequentially versus the prior year. The foreign currency headwind was volatile, starting at 4% and ending with 2%, for an overall first quarter average of 3%.”

“Third quarter results can be found on Slide 5. Sales of $8.4 billion are up 2% from last year and 1% sequentially. Versus prior year, engineering increased sales 2% from higher project activity and higher demand for LNG infrastructure.”