Steve Schwartz: And Yuan, I’ll put a couple in for you. We – you know, we made investments, we’ve basically doubled the capacity we have in the Indianapolis area. We’re putting a Boston by repository in. We’re about to open a genomics laboratory in Oxford in the U.K. We’re developing next-generation tools. So we are making organic investments from the top-line standpoint. And those are already in place, and it’s really to satisfy customer demand that we see coming, and also to transform some of the product areas where we’re already market leaders, but we think we have product lines that will help to distance from even where we are today. So those will be top-line value creators, without question. And as Herman mentioned, other investments inside to rationalize footprint to continue to reduce cost, to get systems implementations in place so that we’re a much more profitable, much more efficient company as we go forward.
So we – it’s hard to earmark a full $500 million for that. But we’ve got a couple of things that strategically make sense. They are rather small tuck-ins. But they’ll add to the strategic portfolio and we think we have good line of sight for how to keep growing the company with a significant balance sheet that has that $500 million on it.
Yuan Zhi: Got it. Thank you.
Operator: And there are no further questions. I’ll turn the call back to Steve Schwartz for closing remarks. Thank you.
Steve Schwartz: Okay. Thank you, operator, and thanks everybody for joining us today. But before we conclude, I just wanted to deliver a brief message of thanks to Lindon Robertson, who most of you know now for quite some time. But over the past 10 years, Lindon has been really an incredible partner to me as a collaborator and a teacher. And in doing so, really a tremendous value creator for all of us. He’s been extraordinarily customer-focused. And by that, I mean, Azenta end-use customers, but also you, our investors and analysts. He’s been a patient, detailed, precise communicator, and he’s always been someone who delivered the messages with care, really with the sole intent to provide clarity to you. His focus is always on what was best for Azenta and for you, our shareholders.
In every way, Lindon’s represented Brooks Automation and Azenta in a manner that made each of us proud to be part of his company, and we’ll miss his presence in his leadership. Of course, we’re enthusiastic about Herman as our new CFO, and I thank Herman and Lindon for the means by which they’ve worked together during this transition period. It’s been great for the company, particularly smooth. And I think you can tell from Herman’s ability to answer a myriad questions that have come in already, he’s 100% up to speed. And I just thank both of them for that transition. So that said, we really thank you for your support of Azenta. Herman and I look forward to seeing many of you at various upcoming investor meetings and certainly on our next earnings call in early 2024.
So we thank everybody and look forward to speaking next time. Bye.
Operator: That does conclude the conference call for today. We thank you for your participation and ask that you please disconnect your line.
