And it was — although it was a recycled, we were paying way up for it. And it turned — in about August of ’22, it really turned hard. And then of course, we got our new B-B line up and running in about February of this year or March, maybe April, I don’t know. So now we have a lot of capacity to make our own B-Bs, and we just feel like we will continue. We’re working with a company, a large national — international company. They are actually — they have had a mandate to not get rid of any of their scrap polyethylene. And so we have been able to — they want to use their polyethylene as a currency. And so we have been working with them. And it is a way for us to get resin for them at a lower cost, for them and for us. So we just think that more of this is out there.
And this recycling, we just don’t talk about it. There is a lot green speak out there. We are the real deal. I mean, we are recycling plastic, and a lot of it. So I just think, Joe, that, because we have a new B-B line and we are really focusing on lower cost resin, we have a new buyer this year on the resin side, and I think we are doing a really good job. And I am proud of it. I am proud of our employees for what they are doing and how we are getting our plastic in the door.
Bill Rahhal: This is Bill. I would like to add to that also. We talk about lowering our cost of raw materials. Warren — a large part of that is the internal operation to grind and to B-B that material that raw material that we get in that we have to prepare. So we have reduced our cost because of the volumes that we are doing. And that’s part of that overall operating cost that we have that go into the pallet. So I think when we say we lower our raw material costs, it’s not just what we are buying on the market. It is what we are buying that is unprocessed that we could bring in house and process it at much cheaper prices than we can buy a refined product on the open market. So it is sort of a combination of a lot of that. And so we have been able to look at to pull over cost to produce now, based on current basis.
And we work on our pricing, trying to be competitive with our competitors to be able to achieve these margins. And so because of the combination of both of those, we are able to set our pricing, which enables us to achieve these better margins.
Unidentified Analyst: Got it. That’s great, and it makes sense. I just wanted — hoping, like, to level a little bit based on your commentary. But it sounds like the next quarter, the 2Q quarter might be a little bit softer to some revs and volumes before we get to some of the pipeline opportunities, maybe like Walmart coming back and sort of like calendar 2024. Is that the right way for investors to just kind of think about the setup from here?
Warren Kruger: Joe, you have stated it well.
Unidentified Analyst: Okay, perfect. Thank you. I appreciate the questions.
Operator: [Operator Instructions]. We will take our next question from Joe Russo.
Operator: Actually, we have no further questions at this time. I would be happy to return the call to our host for any closing comments.
Warren Kruger: I just want to thank everyone today for joining the call. If — at any time, my number is published, I am happy to take calls at any time, if someone wants an offline call. I just want you to know, we work hard every day for our shareholder base and we just thank you for being a shareholder.
Operator: And this does conclude today’s conference. You may now disconnect your lines, and everyone have a great day.
