We just need to work through. I know specifically in a couple of these projects that customers over-ordered, so they are working down inventory. As Andy noted and I don’t – I want to make sure you heard it, that our service teams are extremely busy. We’re – so the activity is going on. I think there is just a lot of – a lot of over-buying there for a while as supply chains are tight. We just need to kind of rightsize what’s going on, but the pipeline is very good.
Noah Kaye: That’s very helpful. Congrats on the fast-charging orders. I’ll leave it there.
David Shaffer: Thank you.
Andrea Funk: Thanks, Noah.
Operator: Thank you. One moment for your next question. And our next question comes from Brian Drab of William Blair.
David Shaffer: Hi, Brian.
Andrea Funk: Hi, Brian.
Operator: Brian, your line is open.
Brian Drab: Good morning. Can you hear me?
David Shaffer: Yes, we can hear you, Brian.
Brian Drab: Okay. I guess I need to press *6, I’m learning on all these conference calls this morning. Anyways, Andy, can you – I just missed when you talked about the revenue outlook. I want to make sure I got that right. You said the revenue volume up slightly sequentially, can you just repeat that? And then maybe, also add any color on how pricing effects total revenue in the outlook?
Andrea Funk: So you’re looking at sequential, is that your question, Brain?
Brian Drab: Sequential, yes. Just looking at the December quarter and the comment you made.
Andrea Funk: For the December quarter? So you’re looking – you’re talking about Q3?
Brian Drab: Yes, Q3, I think you commented on Q3, if I heard it correct.
Andrea Funk: We’ll likely have a slight volume increase. Specialty should have a nice increase because they’re overcoming some of the challenges that they faced this quarter. Motive Power is continuing its trajectory and Energy Systems is where we’ll probably have it offset some of that.
David Shaffer: Yes, in terms of the pricing part of your question, Brian, the pricing is holding up on all segments.
Brian Drab: And you made a comment about revenue for the third quarter year-over-year as well, what did you say there?
Andrea Funk: Yes, so we expect Q3 is going to be modest improvement sequentially because as we mentioned Motive Power is up, Specialty’s nice increase, offset by Energy Systems, but a slight decrease versus prior year, so pretty close to where we were in that range.
David Shaffer: Telecom and broadband are bad debts right now. It’s just on this as we pause, but the data center business is really doing well in the Energy Systems space as well, so it’s – there’s some things to be optimistic about.
Brian Drab: Okay. If revenue is down slightly year-over-year in 3Q, I mean you have pricing though that offset some of that, right? I mean the price is up year-over-year, is that –
Andrea Funk: Yes. Yes, so revenue dollars won’t be down, it’s just the volume if that helps to clarify.
Brian Drab: Okay. All right. I’ll follow up more on that later. And then, can you talk at all about what you’re hearing specifically from your broadband customers in terms of spending in the December quarter and into 2024? I know you’re really positive on the outlook there longer term with the rural build-out, et cetera, but, you know, how is that looking now and in 24?
David Shaffer: Yes, December quarter, you know, this – it’s usually a fairly slow quarter in broadband anyway, so not a lot, but I think as we go into the new calendar year, there’s some expectations for improvement.
Brian Drab: Okay. I’ll follow up more later. Thank you.
David Shaffer: Thank you.
Andrea Funk: Thanks. Brian.
Operator: [Operator Instructions] One moment for our next question. And our next question comes from Greg Wasikowski of Webber Research and Advisory LLC.
David Shaffer: Good morning, Greg.
Andrea Funk: Hi, Greg.
Greg Wasikowski: Hi, good morning, everyone. Thanks for taking the questions. I have a few on the fast-charging. I’ll just rattle them off. I can repeat them if you need to. First, can you confirm that Landmark is the anchor customer that we’ve been talking about for the past couple of years? And then, what does the backlog look like now? Because, you know, we’ve always had that anchor customer kind of on the horizon, right? So what does it look like now and are you expecting more larger chunky orders or do you think it’ll be more smaller demos at first? I’ll stop there.
