Adams Resources & Energy, Inc. (AMEX:AE) Q1 2024 Earnings Call Transcript

Kevin Roycraft: And I’ll say to the lead times for equipment has really been shortened. So we — last year we were looking at trailer lead times in excess of a year. They’re down to around three months now. So we — generally if we order by the summer we’ll receive CapEx by the end of the year. It shouldn’t limit how much carryover from one year in to the next what we have which has not been the case over the last couple of years. But also that kind of is an indicator of where the market is today.

Tracy Ohmart: Yes absolutely.

Chris Sakai: Okay. Thanks for the answers.

Tracy Ohmart: Thank you, Chris. Appreciate it.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Kevin Roycraft for any closing remarks.

Kevin Roycraft: Thank you, Debbie and thank you all for your continued interest in Adams. We look forward to providing you an update on our progress when we report our second quarter earnings in August. Thank you for joining the call.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.