John McNulty

NEOM, can you give us an update on the progress there as well as at this point, given the spike in gray ammonia prices

can we unpack a little bit the margin improvement seen in the Americas. Certainly, it looks like price may have helped, but the volume drop of, I think it was 4% is pretty meaty

can you give us an update on Alberta at this point in terms of the potential for project offtakes

is that in addition to the $100 million opportunity that you would -- that Air Products had previously outlined

Can you help us to think about how much in terms of the benefit of that we should see in 2025, and how it sequences through the year?

Can you speak to what you see as the ideal equity partnership arrangement that you, that you're kind of pursuing at this point

How much comes from price? How much comes from some of the new projects that you've been gradually ramping through '24, and how much comes from core growth?

Can you help us think about how much of it was just from general weakness in volumes versus that chip shift?

Do we get to a point if the inflation around employee cost continues the way that it has where you start trying to work that through as part of your pricing asks

help us to think about the margin differential for the high-value categories versus kind of the core

Can you speak to what you're seeing in the IL pipeline right now?

can you speak to whether you see pent-up demand where we may see some kind of quicker turnarounds going forward as we get into the second half

It had a relatively decent jump, and I know normally that happens in the first quarter, but it seems bigger than usual.

Can you help us to think about the cadence of how those volume declines may roll through as we look through 2025?

I wanted to dig into the water business a little bit more. And especially just given some of the headwinds that you're seeing around the Middle East logistics

how much of that is mix versus some of the operational improvements you were speaking to?

how much of that is around the mix with the benefit of aerospace kind of hanging in as a really strong driver versus much of it is tied to some of that 80/20 kind of work

can you help us to think about some of the more exciting innovations, the ones that are starting to move the needle

I guess where is the area that you're being surprised on? And is it on the volume front? Or is it more on the cost and efficiency side

can you give us a little bit more color as to what you see in the pipeline, if there are a lot of targets out there at this point

can you speak to the drivers that you're seeing there, which of them are kind of industry or end market driven and which ones are maybe some of your own initiatives

where does M&A and building up a list of assets for potential acquisition and the team to evaluate them? Where does that fit kind of in your to-do list?

can you help us to understand the size of that business in Interconnect Solutions, and some of the applications that you're helping to address there?

you guys seem like you're definitely at the high end of some of the results that we're seeing. I guess, can you help to unpack that a little bit

Can you help us to think about what that means for the cadence of growth in the semi-tech platform for you as we look through 2025?

Can you help us to think about some of the drivers that you're seeing there that are really pushing that growth and how we should be thinking about them as we go through 2025?

can you highlight how much better it was than the core? And if you've got any ways to further accelerate the program

can you unpack that a little bit in terms of what some of those dynamics might be?

if you can take the tariff surcharge out of the equation, I guess would you say that pricing is getting easier to push through just because the value proposition is becoming more evident?

Can you help us to think about the delivered product cost that you saw in this quarter and how you're thinking about that as you go into the second half?

can you help us to think about the growth the business saw for those roughly 35 accounts, say, versus the core

I was just curious if you could give us some color or thoughts on how you're thinking about delivered product costs in 2025

it looks like there have been a lot announced at this point. And so far, you all seem like you've avoided being tied to too many of them

just get some color as to whether you see the return profile of those projects having improved over the last few years as that backlog has built up

if the U.S. continues this kind of protectionist mode, do you see other opportunities in some of your other businesses where you might see outsized growth

How much of the equipment at this point is locked in, where we don't have to worry about tariffs or maybe the benefit of the strong dollar?

can you help us just think about what drove that presumably stronger-than-expected volume and how we should think about that throughout the rest of 2026?

is that still pretty much the main focus where, look, inorganic growth really isn't necessary for PPG Industries, Inc. going forward?

can you help us to think about how much of the product that they're selling is tied to Mexico for Mexico versus export

It seems like on your pricing commentary, it sounds like it is a little bit more surgical than maybe you have taken in the past

Maybe an early 1 on Suvinil. Can you help us to think about some of the actions you plan on taking there?

Maybe just a little more detail on the SG&A spend. So it sounds like you have got some big opportunities here.

If you do start to see raw materials inching up at all in small parts of your basket, do you feel like you have an ability to put that pricing through?

you sounded like there was at least a little bit of optimism in some of the paint store group and markets, particularly res repaint

some of your competitors in the ChemTreat arena have put through some really chunky price hikes and/or surcharges

Are you seeing any interesting assets that maybe weren't available to you in the market now coming to the market?

is there anything that gives you some pause either in the end markets or on the cost side that has you forecasting EPS growth that's a little bit more modest than what you've seen over the last cou...

Can you help us to think about if that changes the game for Veralto at all in terms of how they target and maybe benefit from the data center growth as we look forward?

do you see opportunities that you think in the next 6 to 9 months, you may be able to actually get across the finish line when it comes to M&A?

it seems like on the pricing side, you've kind of been gradually creeping higher. I guess should we continue to see that pricing accelerate as we go into the back of like into 4Q and into the early...

Do you see any risks around the timing of tariffs as we look into the second half?

How should we be thinking about that going forward? Are there more levers to pull?

how should we be thinking about the margin level that we're at right now and how that progresses through the year?

can you help us to understand where that strength surprised you?

you highlighted some of the growth that you were seeing were was really in the food & beverage and on the power side

can you speak to whether you're agnostic as to how datacenters cool going forward