But conversations with our customers are – we’ve taken many steps to improve our quality systems – to enhance our quality systems, I should say. I would say the industry is very sensitive to quality today given everything that we’ve seen in the press from a number of the OEMs. And so the conversations with our customers are very constructive. We’re in this together. We’re working together to make sure that we have processes that can meet their design specs. We are working with them very early in the design process to make sure that what they are designing is manufacturable in an efficient and effective way. So very constructive discussions and we believe we have our arms around the issue that we announced last quarter. And to the extent we – to the extent there are material issues, we disclose them as we did.
If we don’t disclose anything, it’s because they are not material and they are just normal course.
Eric Stine: Got it. Okay, thanks.
Bill Siwek: Yes. Thank you.
Operator: Your next question will come from Morgan Reid with Bank of America. Please go ahead.
Morgan Reid: Hi. Thanks for taking the questions. I know that we were just kind of talking about some of the new opportunities in the industry and that you are having a lot of productive conversations with OEMs as you all work through product quality issues and sort of the collective industry. Just curious if you are seeing any sort of emerging market share opportunities or emerging sort of near-term opportunities as one of your competitors kind of deals with its own product quality issues and potentially pulling back on some of their commitments for the near-term, just curious if there is an opportunity for you all to pick up some demand there.
Bill Siwek: Well, again, so that would be our customers that would be looking at expanded market share as a result of that particular OEM’s challenges with the onshore space. With that said, clearly, if there is market share gains by our customers, that certainly provides an opportunity for us to gain share as well. So, long answer to your question, but I wanted to make sure we are clear. But yes, absolutely, to the extent our customers are gaining share, that certainly is an opportunity for us to gain share as well.
Morgan Reid: Got it. That makes sense. And is there any sort of timing expectation around that, or is that still kind of falling inside your expectation and communication of sort of like an improving environment for TPI in 2025 plus on the demand side?
Bill Siwek: Yes. I think it’s still a little bit in flux. I mean we are not counting specifically on that, to be frank. I mean we are working with our existing customers, evaluating what their needs are. And as we have said, we see 2024 as a continued of the transition with an inflection probably in 2025 is what we are looking at. So, we are not focused specifically on the challenges of a single OEM. We are more focused on what we can control and the OEMs we are working for today and how we can help them be successful.
Morgan Reid: It makes a lot of sense. And one more from me, I was just curious where you are in servicing your own warranty issues. I know you just mentioned that you are taking up that charge just a bit as you are later in that process. So, just curious if you can provide an update on maybe what was different from your expectations and maybe what’s left here as you have taken up that expectation for warranty charges.
Bill Siwek: Yes. I think the further along you get in the process, the more experience you have at dealing with the challenges. I think we have done – what we have left is there is a fair amount of up tower, which tends to be a little more challenging than if the blade is down tower. But I would tell you, we have worked very closely with our customer and our customer’s customer on developing a very efficient program to get this warranty work behind us over the next couple of quarters, quite frankly. So, we will have some work going into ‘24, but we have already begun shifting our technicians onto billable work for the back – for the end of this year. So, we will see more of that as we get into the early part of next year. We will have much more billable work, and we will wind down that warranty work in the first half of next year.
