Matt Meister: Yeah, I think it’s certainly — there is uncertainty in the economy, and as you mentioned and just — sort of the overall geopolitical situation. I do think, as Brian mentioned, some of the underlying fundamentals in poultry, especially in North America, we’re seeing some improvement. It’s certainly not out of the woods, but price/cost dynamics in that market are getting better. We expect that to start to translate into improved orders that should include an improvement in book and ship in Q4. So, I think — will it be back to prior to this sort of last four quarters? It’s hard to say, but we’re certainly seeing improvement in the market. And we’re fairly encouraged by the improvement that we are seeing in that market for sure.
Walter Liptak: Okay. For your fourth quarter guidance, as mentioned in the last question, you get that seasonal upturn, and that’s going to happen in both sales and in EBITDA. When you’re forecasting this, is it largely shipments of equipment, or are you factoring a book and ship seasonal pickup too?
Matt Meister: Yeah, we certainly see an increase in Q4 in non-recurring revenue, which will have an impact on margins from a mix perspective. But certainly, right now, we have a very strong backlog as we enter into Q4. And a lot of that growth that we’re seeing sequentially from Q3 to Q4 is already built into our backlog.
Walter Liptak: Okay. Great. And maybe if we can just switch gears and just talk about, you alluded to the ongoing restructuring cost cutting. I wonder if you’ve taken a look at corporate expenses. And since we’ve got the divestiture behind us, if you’ve got any thoughts that you can share about how corporate expenses might look?
Matt Meister: Yeah. Walt, I’d say, although the financial and mechanics of the acquisition are behind us with AeroTech, we still have support that we are providing in terms of transition services agreement with AeroTech. And so, we still have some of those costs that are built into our corporate environment. And I think as we said in the last call, it’s really important that we do make any adjustments to corporate cost thoughtfully, not only to support the transition services agreement, but also to support our initiatives to deploy capital from an M&A perspective. So, we haven’t made any significant changes in corporate expenses at this point in time. It’s certainly something that we’re going to continue to evaluate, especially as we head into the 2024 planning cycle. But at this point in time, we haven’t made any significant changes, but it’s certainly something that we’re evaluating as we go forward.
Walter Liptak: Okay, great. All right, thank you.
Operator: Thank you. [Operator Instructions] And gentlemen, it appears we have no further questions. Mr. Deck, I’ll hand things back to you, sir, for any closing comments.
Brian Deck: Great. Thank you all for joining us this morning. As always, Kedric and Marlee will be available if you have any follow-up questions.
Operator: Thank you, Mr. Deck. Ladies and gentlemen, that will conclude the JBT Corporation’s third quarter 2023 earnings conference call. I’d like to thank you all so much for joining us, and wish you all a great day. Goodbye.
