SPX Technologies, Inc. (NYSE:SPXC) Q4 2023 Earnings Call Transcript

Mark Carano: Well, I would say working capital is approaching normalized levels particularly when I look at inventories. We’re not entirely there yet. And I think we mentioned in the past and I still believe that’s the case. It will be a kind of a two year journey 2023 and 2024. By the end of 2024, we should see it normalize. We do still see a few isolated supply chain issues particularly around printed circuit boards and other specific areas, but there’s probably some incremental upside there. But we’re well on our way to a normalized working capital environment.

Walter Liptak: Okay. Got it. Okay. Thanks so much.

Mark Carano: Thanks, Walter.

Operator: Thank you. [Operator Instructions] I’m showing no further questions in the queue. I would now like to turn the call back over to Paul for closing remarks.

Paul Clegg: Thanks all for joining the call. And we look forward to seeing many of you at our Investor Day on March 26th. If you would like an invitation to attend in person please e-mail the Investor Relations email listed on our website. Thank you.

Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for your participation. You may now disconnect.