Jamie Cook: Thank you.
Operator: Your next question comes from the line of Andy Wittmann with Baird. Please go ahead.
Andy Wittmann: Great. Thank you for taking my question this morning. I guess I wanted to ask on the Urban Solutions, there was a positive adjustment on the legacy project. Good to see that you’re recuperating some of those. And I do think that the balance on some of those legacy projects is substantial. So, I guess maybe my question is as it relates to your guidance for the rest of this year are you expecting more positive adjustments like the one you saw in the quarter to be in that guidance range? Or is the guidance that you’re giving kind of clean of any of these claims resolution changes that you were able to accomplish this quarter. And maybe just to be a little more specific could you just talk about which project you’re able to get this positive adjustment on during the quarter?
Joe Brennan: Yes. No, thank you for the question. For the year we have not factored in any additional activity relative to claims until we get closer to better assessment on that. So, what you’re looking at relative to our guidance is based on Q2 — Q1 and Q2 actuals and then our normal run rate from an outlook basis moving forward. So I think that’s — and your second question around–
Andy Wittmann: Which project got the benefit?
Joe Brennan: Yes, I think we’re going to hold off naming that client right now and we’ll probably have some additional color for you in the next quarter.
Andy Wittmann: Okay. And then Joe just kind of a follow-up on your last answer to Jamie, kind of, mentioned that the profit margins picked up in two of your segments. I guess some of — you’re giving annual guidance here and some of the performance in the second quarter was pretty good because of these positive change orders. I guess the question for me is on a prospective basis meaning for the rest of the second half of this year which margins are up versus prior expectations rather than the benefit from the performance in the second quarter just to make that a little bit more clear.
Joe Brennan: Well, I guess, maybe let me understand your question a little better. You’re talking about how we’re upping our guidance within Energy Solutions from the 5.5% to 6% and what’s driving that I guess is…
Andy Wittmann: Yes. I mean you’re giving annual segment margin guidance which is fine. But I just – I’m trying to understand, how much of the increase in margin guidance was from performance in the second quarter versus an improved outlook for the second half of the year versus your prior quarter?
Joe Brennan: Sorry, okay. I understand the question a little bit. I think there’s symmetry in what we’re laying out relative to how the performance within Energy Solutions and Mission Solutions. So I would expect this not to be a 2023 activity. I would see this having some impact into 2024 and beyond.
David Constable: As we’ve discussed on many calls, our range for the planning period when we first came out with our strategy in 2021, our range on margins was 4% to 6% right? And we – it looks like we’re going to be at that and near the higher end of that range through 2024 and then on into 2026 at the upper end.
Joe Brennan: Yes. And we’re seeing – this is underpinned by the improved margins that we’re putting into backlog relative to our plans. So I think that’s all kind of playing into this improved margin outlook moving forward beyond the 2023 time frame.
David Constable: And also that execution I talked about just a few minutes ago is that we’re executing [indiscernible].
Joe Brennan: Yes, a lot of factors there.
Andy Wittmann: Yes, okay, that’s clear. Thank you very much. Have a good day.
Joe Brennan: Thanks, Andy.
David Constable: Thank you.
