Applied Industrial Technologies, Inc. (NYSE:AIT) Q2 2023 Earnings Call Transcript

And I would say not all of them are going to the level that these are extensive capital projects that they’re bringing along, but they’re getting approved, but they opened the door for other projects within that plant. And based on the ownership equation of those companies into their other facilities, as they look to replicate that success or impact that we could have. So, we’re encouraged by the business activity and the presence. It’s not extremely long cycle massive investments that customers have to undertake to positively impact their performance with automation.

David Manthey: That’s very helpful, Neil. Thank you.

Neil Schrimsher: You are welcome.

Operator: Thank you. At this moment, I’m showing we have no further question. I will now turn the call over to Mr. Schrimsher for any closing remarks. Please go ahead.

End of Q&A:

Neil Schrimsher: Thank you, Malika. And I just want to thank everyone for joining us today, and we look forward to talking with you throughout this quarter.

Operator: Thank you. Ladies and gentlemen, that does conclude today’s call. We thank you for your participation and disconnect your line. Have a good day.