So overall, yes, we continue to maintain our strong relationships and capitalize on this strength of these markets.
Unidentified Analyst: Just to confirm, when you say with the projects, you said the price based on the services you guys provide, is that – can we imply that year-over-year you’re taking into account inflation and other factors, therefore increasing pricing? And will we see any margin improvements or growth into 2024? Am I reading that right?
Tim Francis: It’s Tim. Let me take that question. So remember, the majority of our contracts in utility have pricing mechanisms in them where a steel index is what the price ends up being tied to. So I would tell you, as I added in my prepared remarks, the cost of steel dynamic has been a very dynamic market. As of right now, we would not expect there to be much increase or decrease in average pricing for TD&S based on today’s cost of steel that we’re projecting. But as we get the improvement in volumes, we will leverage well at our factories as we were able to put more volume into our factories.
Unidentified Analyst: Got it. Understood. Thank you. I’ll hop back into the line.
Operator: Thank you. We have reached the end of the question-and-answer session. And I’ll now turn the call over to Renee Campbell for closing remarks.
Renee Campbell: Thank you for joining us today. As mentioned, today’s call will be available for playback on our website or by phone for the next seven days, and we look forward to speaking with you again next quarter.
Operator: These slides contain (and the accompanying oral discussion will contain) forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including general economic and business conditions, conditions affecting the industries served by the Company and its subsidiaries, the overall market acceptance of such products and services, the integration of acquisitions and other factors disclosed in the Company’s periodic reports filed with the Securities and Exchange Commission, as well as future economic and market circumstances, industry conditions, company performance and financial results, operating efficiencies, availability and price of raw materials, availability and market acceptance of new products, product pricing, domestic and international competitive environments, geopolitical risks and actions and policy changes of domestic and foreign governments.
Consequently, such forward-looking statements should be regarded as the Company’s current plans, estimates, and beliefs. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. This concludes today’s conference. You may now disconnect your lines at this time. Thank you for your participation.
