Neil Brinker: Yeah. Good question. So certainly on both sides of the business, not just Performance Technologies, the Climate Solutions and Performance Technologies, there’s opportunity for productivity gains, without a doubt. And I think we’ve been able to display that through the success that you’ve seen through the margin expansion. We’ve done that through commercial excellence programs and we’re pivoting into the operational excellence programs. So that’s anything from labor to supply chain, procurement or purchase price variance or PPV. So there’s a lot of activities that we can do on the operations front and the team has been working diligently to put those together. And that will be the next phase in terms of our margin expansion within the business, as we’ve reached the thresholds that we would expect through some of our price expansion.
So operations improvement and excellence is there, it’s in both sides of the business, not in PT. And the teams are putting together the funnels and the activities and the list of projects for the next annual operating plan. So that’ll be a good indicator of how big that is.
Tim Moore: Great. Thanks for that elaboration. It’s a good carrot for margin expansion in the next fiscal year. And thanks for my questions.
Neil Brinker: Thanks. Appreciate it, Tim.
Operator: Our next question is a follow-up question from the line of Matt Summerville. Please proceed with your question.
Matt Summerville: Yeah. Thanks. Just two quick follow-ups. Mick, what’s the headwind, and I apologize if I missed it, what’s the headwind from divestitures in your fiscal fourth quarter?
Michael Lucareli: It’s going to be $20 million to $25 million at the estimated impact in Q4.
Matt Summerville: And then the DTMS business, two to three years ramping to $160 million or so, thereabouts, based on the programmatic winds you’ve had. Fiscal 2024, realizing this is buried alongside the coding business, the EV components business, how big is the DTMS business for you guys this year, to kind of think about how that trajectory looks out over the next two to three?
Michael Lucareli: Yeah. So that — the ATS business excluding codings is about $100 million. And I think, and I think some — we just had that question too, I think we’ll provide an updated long-term outlook, Matt, this year we’re talking about — 30% type growth, and we said we think the CAGR on that’s the 35% to 40%. I think as far as growth for next year, we’d expect it to stay in that range. So we — that $100 million growing at a — in that compound growth rate range of that 35% to 40% would seem reasonable.
Matt Summerville: Got it. Okay. That’s all for me. Thank you.
Operator: There are no further questions in the queue. I’d like to hand the call back to Kathy Powers for closing remarks.
Kathleen Powers: Thanks so much, and thanks to everybody for joining us this morning. You’ll be able to access the replay of this call through our website in about two hours. We hope that everybody has a great day. Thanks. Bye.
Operator: Ladies and gentlemen, this does conclude today’s teleconference. Thank you for your participation. You may disconnect your lines at this time, and have a wonderful day.
