David Silver: Okay. Thanks. I’m going to get back in the queue. Appreciate it.
Doug Dietrich: Thanks, David.
Operator: We’ll now take a follow-up from Daniel Moore with CJS Securities.
Daniel Moore: Thank you again. Just thinking about revenue for the next quarter or two, obviously, pricing a bit of a tailwind, but FX continues to be a significant top-line headwind. Do you expect a similar impact in Q1? Or, based on today’s kind of exchange rates, how does that taper off over the next couple of quarters?
Erik Aldag: Yes. So, Dan, I would say, in 2022, FX was a significant headwind for us. We said $100 million on revenue for the full year. If you look at sort of current rate now versus what we had in 2022, it’s still, I would say, moderately unfavorable on a full year basis, ’23 versus ’22, but not to the extent that we experienced in last year.
Doug Dietrich: So, we see — FX is probably going to be a similar impact, negative impact on us in the first quarter. So, we still see both yes, but though we still see there’s that pricing lift that will happen. And we see volumes improving from the fourth quarter. So, in total, we see our revenue up in the first quarter and we think that growth at least in our consumer-oriented businesses continue through the year. Industrial piece is a little bit early to tell how that’s going to play out in the back half, but we see a pretty strong first half of the year nonetheless.
Daniel Moore: That is helpful. Thank you.
Operator: We’ll now take a follow-up from David Silver with CL King.
David Silver: Yes. Hi. Thank you. So, I have kind of a question that was not covered directly in the comments today. But in doing some reading in related industries, I came across the whole series — and I’m sorry, the topic here is remediation and in particular the momentum behind PFAS removal. So, in doing some research, I mean, I came across a whole range of articles about efforts to accelerate or to implement new restrictions on PFAS. I mean, one in particular, the State of California is moving to remove all PFAS from personal care products within a few years. There was another one at the federal level, I think, amping up penalties and whatnot for — amping up the responsibilities for the producers of PFAS. Anyway, not exhaustive by any case, but I’m just wondering if from your particular perspective whether you think the business case or the long-term growth or customer interest in your remediation strategies has qualitatively or meaningfully improved in recent months in response to some or any of the new legislative and regulatory proposals I’ve been reading about, is anything especially relevant to your particular remediation strategies and targets?
Thank you.
Doug Dietrich: Sure. Well, let me take that in pieces. I guess PFAS is only one part of our remediation capabilities. So, we have an industrial wastewater and slurry wall cleanup, groundwater cleanup systems. We have contaminant removals from in the oil and gas industry as well. So, we have a wide range of water remediation technologies and systems. PFAS, our FLUORO-SORB is one of the medias that we have developed targeted at obviously PFAS removal. Look, first, I think it’s good to see that the regulations have stemmed the use of it. But I will also say that the amount of it that exists and the fact that it is forever around is going to create a number of opportunities for us that have only just started. I think we have spent — had some really good trials.
