David Wilson: Yes. For sure, Walt. Our product line and P&L segmentation work and the opportunities we have from a cost perspective as it relates to certain lines of business and a rationalization perspective as well as the factory footprint simplification opportunities coming from the CapEx investments we’re making to increase capacity in key areas and develop this center of excellence that Greg has been speaking of. And so I feel like we’re in a good position to really advance the business from a performance perspective, leveraging 80/20 through those tools. And we’re excited about the work that we’re doing and the work that’s yet to be done that will lead us to a higher-performing enterprise.
Operator: We have a follow-up question from the line of John Tanwanteng with CJS Securities.
Jonathan Tanwanteng: I think you touched on this, but I just want to — I wondered if there’s a little more clarity or color on the e-commerce business and that large customer you had there, just the split between the pipeline for those 2.
David Wilson: Yes, sure. So what I would say, John, is that we have taken the opportunity with the slowdown in business in that area to do a lot of business development work with a broader base of customers. And we’ve been able to gain access to a number of new and attractive customers where we are growing. We’ve also maintained very close connectivity with that specific customer we’ve mentioned in the past, and we’re in great discussions regarding the development of new opportunities with them with their R&D teams. And we’re encouraged by some promising prospects and potentially near-term opportunity associated with that pipeline.
Jonathan Tanwanteng: Okay. Great. And then finally, just to be clear, at a high level and from what you’re seeing in October order rates and what you’re seeing in your project pipeline, it doesn’t seem like demand has weakened outside of your normal seasonality. Is that fair to say?
David Wilson: I think that’s generally fair to say. As we alluded to in the prepared remarks, there’s been some softness in Germany. But that is not something that has been dramatic, and it’s something that we’ve been working to offset with opportunities we’re pursuing more broadly. And so the short answer to the question is no, we’re not overly concerned about that.
Operator: There are no further questions in the queue. I’d like to hand the call back to Mr. Wilson for closing remarks.
David Wilson: Great. Thank you, Doug, and thank you, everyone, for joining us today. We took a meaningful step forward this quarter and established several new performance records. This is a testament to the great work being done by our global associates across Columbus McKinnon, and I thank you all. We are pleased with our results to date and are more encouraged with the progress we’re making as a team and the potential we have as a business. We’re growing in attractive markets, building a higher-margin profile, generating cash and accelerating debt repayment. We now expect to exit the fiscal year with a net debt leverage ratio of approximately 2.3x. Our team remains highly focused on executing our strategy and achieving our strategic plan objectives. Thank you for your attention, and have a great day.
Operator: Ladies and gentlemen, this does conclude today’s teleconference. Thank you for your participation. You may disconnect your lines at this time, and have a wonderful day.
