Robert Wrocklage: All right. Thanks.
Operator: Thank you, Mr. Johnson. Our next question comes from the line of Rob Mason with Baird. Your line is now open.
Robert Mason: Yes. Good morning, all. You mentioned the book-to-bill again over one. I’m just Ken, could you square — or Bob, could you just square up where backlog sits at year-end relative to 12 months ago, year-end ’21? The order of magnitude, I guess, increase is what I’m looking for.
Robert Wrocklage: Yeah. So we don’t specifically disclose backlog. And actually, in light of kind of the imbalance that’s really been in the supply demand environment over the last 24 months. I think quite frankly, sizing it would be not all that relevant and actually might create more confusion. Obviously, if you take the last several quarters of book-to-bill in excess in one, you can obviously conclude that backlog is higher at the end of 2022 than it was in 2021. But yeah, we don’t — we aren’t going to size that, and we haven’t typically disclosed it because I think this isn’t a traditional backlog business. Granted, we do have more line of sight to immediately actionable orders now than we have in years prior, but we think that’s a temporary scenario. And so yes, we’re not going to size it, Rob.
Robert Mason: And can you tell me if the backlog, the bookings book-to-bill over one in the flow measurement business also or how does that comparatively, how does it look?
Kenneth Bockhorst: Yeah, it was slightly better than one.
Robert Wrocklage: Just I guess remind me, of course, all that that’s 15% of the business and not necessarily, we’re very fragmented in those many markets, many small markets. So if you’re trying to draw conclusions of that data point to other industries, challenging to do.
Kenneth Bockhorst: Yeah. And to Bob’s point, it is small. And remember that now we have more of a primary focus in that group on water related industry. So it’s not if you’re thinking back in time, our portfolio has gone from 70-30 utility flow instrumentation to now 85-15. And then even within that 15%, it’s more water focused than it used to be in the other markets. So it’s quite different than it used to be, I think, when people thought about recessionary times or other challenges.
Robert Mason: No. Understood. Understood. Ken, good color on Syrinix, but I’m curious if you could go a layer deeper looks like a very interesting business. And just help me understand how that product gets to market, maybe what the sales cycles would look like, what a typical deployment would look like just within that product category or how you envision it?
Kenneth Bockhorst: Yeah. So the way that we view a lot of these small technology acquisitions is that with our strong brand name, with our sales coverage in North America, we can usually sell anything to our existing customer base to new customers and even utilities that might use a different metering manufacturer. So Syrinix can fit right into our direct sales channel, our utility distributors can sell it. They know the product. They have the right context. So in terms of being able to get some sales synergy in the U.S., we certainly feel that. And then we’re excited about the fact that it also comes with the software component. So now when you think about our Beacon software that we’ve built out here really significantly over the last five, six years.
