Greetings, and welcome to CSW Industrials, Inc. fiscal third quarter 2022 earnings call. At this time, all participants are in listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Adrianne Griffin, Vice President of Investor Relations and Treasurer. Thank you, Joe. Good morning, everyone, and welcome to the CSW Industrials' fiscal 2022 third quarter earnings call. Joining me today are Joe Armes, Chairman, Chief Executive Officer, and President of CSW Industrials, and James Perry, Executive Vice President and Chief Financial Officer. We issued our earnings release, presentation, and Form 10-Q prior to the market's opening today, which are available on the investor portion of our website at cswindustrials.com. This call is being webcast, and information on accessing the replay is included in the earnings release. During this call, we will make forward-looking statements. These statements are based on current expectations and assumptions that are subject to various risks and uncertainties. Actual results could materially differ because of factors discussed today in our earnings release, and the comments made during this call, as well as the risk factors identified in our annual report on Form 10-K and other filings with the SEC. We do not undertake any duty to update any forward-looking statements. I will now turn the call over to Joe Armes. Thank you, Adrianne. Good morning, and thank you for joining our fiscal third quarter conference call. In our fiscal third quarter, we saw the benefit of our diversified business model and our strong results as all three segments contributed to our growth. We achieved Q3 year-over-year revenue and adjusted EBITDA growth of 52% and 25%, respectively. In comparing the year-to-date results with the prior year period, revenue and adjusted EBITDA grew 59% and 55%, respectively. On December 15th, we celebrated the one-year anniversary of our TRUaire acquisition and simultaneously closed on the Shoemaker acquisition. Shoemaker represents another accretive acquisition in the highly attractive HVACR end market served by our Contractor Solutions segment. I'm also very pleased to report that our TRUaire manufacturing facility in Vietnam returned to full production in the fiscal third quarter as in-country COVID restrictions eased. Taking a moment to expand upon our strong year-to-date performance as compared to the prior year period, sales increased in all segments due to volume growth and price increases. In addition to the inorganic growth from the TRUaire and Shoemaker acquisitions, the Contractor Solutions segment drove $42.8 million of organic revenue growth, primarily into the HVACR and plumbing end markets. Our Engineered Building Solutions segment grew by $1.8 million, or 2.6%, from dedicated efforts to promote existing and newly developed products, and to maintain market share gains due to competitive lead times, despite a downturn in the largest construction categories that we serve. Our Specialized Reliability Solutions segment achieved $28.4 million of organic revenue growth as demand returned in the energy, mining, rail, and general industrial end markets. In fact, in the year-to-date period, Specialized Reliability Solutions revenue exceeded its revenue in the same period in fiscal 2020 of two years ago by 7.3% or nearly $6 million. Diversity in the end markets we serve supported our performance during the past 9 months, and it provides an even stronger platform for growth as we start the new year. In the past 13 months, we closed two acquisitions at our Contractor Solutions segment, adding products to our HVACR offerings, which is our stated highest priority for capital investment. Through the acquisitions of TRUaire and Shoemaker, we invested approximately $430 million of capital. These complementary acquisitions give us a strong position in the grills, registers, and diffusers, or GRD, product category, with Shoemaker enhancing our commercial GRD offerings. We now have significant GRD manufacturing capacity in both Vietnam and the United States with the recent acquisition of Shoemaker's manufacturing facility in Cle Elum, Washington. Shoemaker also brings with it a Pacific Northwest distribution and logistics operation from which we can expand sales of other Contractor Solutions products. At this point, we'd like to extend a warm welcome to our new Shoemaker team members to CSWI. As international logistics remain a highly discussed topic in boardrooms and in the media, I want to provide an update on our operations and international supply chain. Our TRUaire manufacturing facility in Vietnam shipped an average of 32 containers per week in December and January, achieving a peak weekly shipping rate of 41 containers. Our goal is to consistently ship a volume of containers in this range in the intermediate term to ensure product availability. However, there are significant port delays in California, with the unloading process becoming most impactful to our operations. Simply stated, everything is taking a bit longer than usual as ships and cargo await unloading. We expect that the Lunar New Year will bring a respite in the inbound ship traffic, allowing this congestion to ease naturally. We know that inventory availability supported our strong revenue growth in calendar 2021, and managing our supply chains effectively remains a key component of our growth strategy. Each quarter, we provide an update on our commitment to treating our employees well, and I'm very pleased to report significant improvement in our safety measures. In calendar year 2021, our total recordable incident rate was 1.3, which is a meaningful reduction from 3.2 in calendar year 2020. While we are pleased with this progress, we are certainly not satisfied. Our leadership team is focused on a zero-incident workplace. In January of this year, we completed our second annual company-wide safety awareness month, demonstrating our core values of excellence and accountability as we make safety a priority each day. As we've discussed on prior calls, we implemented multiple price increases in calendar 2021 across each of our businesses for a cumulative increase well into double digits for most of our products. Last month, we executed an additional round of price actions in specific end markets. Each of these actions is intended to offset ongoing inflation, primarily in raw materials and logistics costs, with most increases now absorbed into the base product price. Because the majority of our products are low cost with high value to the customer, we can effectively use pricing as a tool to maintain our profitability. At this time, I'll turn the call over to James for a closer look at our results, and then I'll conclude our prepared remarks with some longer-term strategic outlook. Thank you, Joe, and good morning, everyone. Consolidated revenue during our fiscal third quarter 2022 was $136.3 million, a 51.5% increase as compared to the prior year period. Consolidated gross profit in the fiscal third quarter was $50 million, representing 27.2% growth, with the incremental profit resulting predominantly from the TRUaire and Shoemaker acquisitions, increased organic sales volumes, and pricing initiatives. Gross profit margin was 36.7% compared to 43.7% in the prior year period. This margin decline is due in part to inclusion of the TRUaire business, material and freight cost inflation that outpaced instituted price increases, and a shift in sales to lower-margin projects in the Engineered Building Solutions segment. The reduction of profitability was also negatively impacted by $500,000 of under absorption cost resulting from reduced production levels and incremental compensation expense incurred at the TRUaire manufacturing facility in Vietnam to maintain operations in accordance with COVID-19 restrictions. Joe noted in his opening remarks, this facility returned to full production during the fiscal third quarter. I'll note that we did not make any adjustments to our reported earnings in the current fiscal quarter. Consolidated operating income was $12.1 million, equating to an 8.9% margin, a 450 basis point decrease as compared to adjusted operating margin in the prior year period, as the decline in gross profit margin was only partially offset by an improved operating expense margin. Fiscal 2022 third quarter operating income margin was also negatively impacted by the $500,000 of Shoemaker transaction expenses. Consolidated adjusted EBITDA increased 25.4% to $19.9 million as compared to the prior year period. Consolidated adjusted EBITDA margin was 14.6% and 17.7% in the current and prior year period, respectively, due to the decline in gross profit margin, as well as the Shoemaker and TRUaire costs mentioned previously. Reported net income attributable to CSWI in the fiscal 2022 third quarter was $8.3 million or $0.52 per diluted share, compared to $2.3 million or $0.16 in the prior year period. In the prior year period, adjusted for approximately $8 million of TRUaire acquisition and JV formation costs, prior year adjusted net income and EPS were $8.8 million and $0.59, respectively. Transitioning to a discussion of our segments. As compared to the prior year quarter, our Contractor Solutions segment accounted for 60.5% of our consolidated revenue and delivered $38 million or 85.6% total growth, comprised of organic revenue growth of $11.2 million or 25.3%, and inorganic growth from the TRUaire and Shoemaker acquisitions. Segment EBITDA was $16.6 million or 20.2% of revenue, compared to $12.3 million or 27.6% of revenue in the prior year period. GAAP segment operating income was $10.8 million compared to the prior year period of $2.9 million or $9.8 million adjusted for the TRUaire transaction expenses. Segment adjusted EBITDA in the fiscal year to date was $16.6 million, or 20.2% of revenue, compared to $12.3 million, or 27.6% of revenue in the prior year period. Continuing to our Engineered Building Solutions segment. The previously discussed air pocket in the longer-term higher margin projects materialized in the third quarter as a decline in revenue as compared to the prior year period. Our team's success with new product expansion and share gains due to competitive lead times offset most of the revenue decline. Segment EBITDA was $3.6 million, or 15.1% of fiscal 2022 third quarter revenue. In recent quarters, we added headcount in key markets to support our go-to-market strategy. Bidding and booking trends quantify the early positive results from this decision. In fact, our year-to-date bookings and backlog have increased approximately 42% and 13% respectively. As of the end of fiscal 2022 third quarter, our book-to-bill ratio for the trailing eight quarters was just below 1 to 1. Our Specialized Reliability Solutions segment posted another solid quarter of organic growth of $11.5 million, or 57.9%, due to incremental sales volumes driven by improving end market dynamics and numerous price initiatives during the last year, the latest of which we successfully implemented in January. Segment adjusted EBITDA and adjusted EBITDA margin were $4 million and 12.9% in the fiscal 2022 third quarter, compared to $3 million and 15% in the prior year period. Transitioning to the strength of our balance sheet, we ended fiscal 2022 third quarter with $16.2 million of cash and reported cash flow from operations of $69.5 million, a 28.5% increase over the prior year period. In calendar year 2021, we repaid approximately $55 million of the amount we borrowed to fund the TRUaire acquisition, then borrowed approximately $30 million to fund a portion of the Shoemaker acquisition in December. As a result of prudent cash management, we ended the fiscal 2022 third quarter with $230 million of long-term debt. This is approximately $25 million lower than the end of the prior year period, providing us approximately $179 million of revolving borrowing capacity as of the end of fiscal 2022 third quarter. Our leverage ratio as of quarter end was approximately 1.6 x, well within our stated range of 1x-3 x. Our balance sheet provides sufficient liquidity for our continued disciplined capital allocation. I'd like to remind our audience that CSWI has a $100 million share repurchase program, and during the fiscal 2022 third quarter, we purchased a modest amount of shares. We remain committed to support our share price via opportunistic market purchases as part of our broader capital allocation strategy. The company's effective tax rate for the fiscal third quarter was 19.1% on a GAAP basis, which differed from the statutory rate, primarily due to excess tax deductions related to stock compensation. The company's effective tax rate year to date was 23.6% on a GAAP basis, and the company continues to expect a 25% tax rate for full fiscal 2022. Moving now to an update for the guidance we provided in November. CSWI is maintaining the previously provided aggregate guidance for the second half of fiscal 2022, which was $1.50-$1.65 of EPS and $50 million-$53.5 million of EBITDA. For the fiscal 2022 third quarter, CSWI reported $19.9 million of adjusted EBITDA and $0.52 of EPS, exceeding the previously provided quarterly guidance range for both metrics of $0.40-$0.45 of EPS and $17 million-$18.5 million of EBITDA. We realized some revenue pull forward in the fiscal third quarter, primarily in our Specialized Reliability Solutions segment. We experienced a lower than expected fiscal third quarter tax rate, somewhat offset by a delay in TRUaire revenue due to current port congestion, especially impacting California. With that, I'll now turn the call back to Joe for closing remarks. Thank you, James. During the fiscal year to date period, we generated 59% top line growth with increases across all reporting segments. Nearly 25% of our total growth was organic, achieved through a combination of price and volume. Adjusted EPS grew by 25% to $3.12 in the current year to date period. Looking at a few metrics with a longer term perspective, our revenue CAGR from fiscal years 2016 through 2021 was 9.4%, and we are well on our way to outpacing that performance in fiscal 2022. Our adjusted EBITDA margin during the six fiscal year period was 20.1%. We expect fiscal 2022 adjusted EBITDA margin to be in line with prior fiscal years. Our success is rooted in our commitment to serve our customers well across the diverse end markets we serve. We offer products upon which our customers rely, with a considerable focus on adding innovative products into our existing distribution channels. We seek to develop niche product categories that grow in excess of the end markets we serve. We understand that innovation and customization lend themselves to higher margins. In short, our customer focus, operational excellence, and our highly engaged workforce, whose interests are directly aligned with our shareholders through our employee stock ownership plan, is how we win. I wanna note that I'm extremely pleased to welcome Bobby Griffin, who joined our board of directors in December. Bobby currently serves as Chief Diversity, Equity and Inclusion Officer at Rockwell Automation. Previously, he served in leadership roles with CBRE Group, Flowserve Corporation, and other industry-leading companies, including Coca-Cola Enterprises and Merck & Company. Bobby adds experience, independence, and diversity to our board and will bring tremendous insight and a fresh perspective to our company. As always, I wanna close by thanking all my colleagues here at CSWI, who collectively own 5% or so of CSWI through our employee stock ownership plan, as well as all of our shareholders for their continued interest in and support of our company. With that, operator, we're now ready to take questions. Thank you. Ladies and gentlemen, we will now be conducting your question-and-answer session. If you'd like to ask a question, please press star one on your telephone keypad, and a confirmation tone will indicate your line is in the queue. You may press star two to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. One moment please, while we poll for questions. Our first question is from Jon Tanwanteng with CJS Securities. Please proceed. Hey, good morning, everyone. Thank you for taking my questions. Nice quarter. It's nice to see the outperformance, number one, and the guidance reaffirmed in a tough environment. I guess my first question is, if you take the midpoint of the, I guess, the reaffirmed second half guidance, it implies, you know, slightly weaker, you know, fiscal Q4 than what you had previously saw. I get you pulled in some revenue. I get the taxes were a little bit lower and maybe you're seeing some port congestion. Is there any other incremental headwind that you're seeing in the fiscal fourth quarter that maybe you hadn't anticipated when you gave the guidance out, last quarter? Yeah, Jon, good morning. It's James. Appreciate you being on the call. Thanks, and thanks for the feedback. Yeah, as we mentioned, there were certainly some pull forward, a little more in the Specialized Reliability Solutions segment at the end of December. So you had a little bit of that. You know, when we gave guidance back in November, you know, we've not given guidance before and don't plan to necessarily continue that. You know, you're trying to look at the back half of the year, and we split it up in quarters 'cause that's how everybody thinks about it. So that's why we feel comfortable maintaining the aggregate guidance. A little bit of pull forward. You have a little bit of timing of when we were able to get price increases through. I think as we look at the fourth quarter, and we kind of, you know, reaffirm the guidance to your point, which we feel good about based on our reforecasting of what the fourth quarter looks like, there's a couple things I'd note. One is, yeah, and you mentioned it, we continue to see port congestion that leads to some freight costs staying pretty high. A little bit of headwind there. You know, we'd like to see that alleviate, but we've got to continue to work on price actions and use the opportunities we have with the value of our products to get pricing where it needs to be to cover those costs if that persists. Then secondly, just the timing of receiving materials. You know, as we've talked about in prior years, you know, we're kind of hitting that buying season, that February, March, April, May timeframe, people start stocking up, and March is a pretty key month for that. With the port congestion and timing, I think we wanna be careful not getting too far ahead of ourselves and raising that guidance necessarily, not knowing exactly when some of that product will get off the boats, get onto trucks, and then our distributors take delivery of the product. There's a little bit of being a little bit careful and cautious and not getting ahead of ourselves. Our businesses are certainly working hard. What I will note is across the board, demand remains very high in virtually all of our businesses right now as we look at wrapping up this fiscal year and starting the next fiscal year, so we feel optimistic about that. We felt right now it was probably best to keep the guidance where it was for the aggregate back half of the year. Hopefully, that helps. Yeah, that does help. Thank you. I was wondering, is there any incremental Omicron risk at all? I know that, you know, you had the TRUaire shutdown in Vietnam in the past. I don't know if cases rising there now poses a similar risk at all. Yeah, Jon, you know, we have not seen any impact yet. As we noted during the call, our production is back to normal levels. We are not getting any reports on the ground of our folks having excess absenteeism or anything like that. Certainly, you know, we've all learned not to predict the future as it relates to these things. We've seen normal levels of absenteeism over there currently, but we're gonna keep a close eye on it for sure. Okay, great. I was just actually more wondering if there would be a government restriction on, you know, your factory attendance and, you know, something more like lockdown than. Yeah. We certainly do not expect that. All indications that we have received is that the government has decided that that is not the best way to deal with this going forward. You know, I think the Vietnamese vaccination rate is actually higher than our country these days, and so they've done a really nice job getting people vaccinated. At this point, we would not expect any serious restrictions like we had to live through last year. Okay, great. That's helpful. Maybe you could talk a little bit about Shoemaker and just what the opportunity is there? I know you gave out some info with the press release, but I was wondering if you could talk about, you know, longer term growth and synergy expectations, and also the conditions and timing for the $2 million earn-out to be satisfied. Yeah, let me take the first part of that, then I'll let James follow up. I mean, Shoemaker is in, you know, really a very similar business to TRUaire on the residential side. We saw high-quality products, a U.S. manufacturing base. We saw great brand recognition there and a business that's been around a long time and been really resilient. So it fits into our thesis really well that we are putting more products through our distribution channels. The Pacific Northwest was not a particularly strong region for us, in part because Shoemaker was so strong up there. Geographically, it's complementary for us. Then the second piece is they have a commercial side of their business that is additional and incremental to what we had, and we think that's an interesting foothold and gives us an opportunity on the commercial side that we didn't have before. The last thing I would say is there are opportunities to, you know, move production back and forth a little bit. We're gonna make anything in Cle Elum, Washington, by any stretch. We would probably see production increase there. But having it here in the U.S., more customized items and things that maybe have a shorter lead time can be produced there and in the hands of our customers more quickly. We think that's an important part of the equation. With respect to the earn-out, I'll let James address that. Yeah, sure. You know, Shoemaker is accretive for us going forward, so we feel good about that. It certainly adds to the bottom line and helps offset some of the inflationary pressures we're seeing. You know, what's exciting about bringing the Shoemaker team on board is this is really a win-win. You know, when the family decided to sell the company and sell to us specifically, I think they saw an opportunity to really accelerate their growth. You know, given the Pacific Northwest foothold that they have, and they spread a little bit across the upper Midwest, you know, using our distribution channel, which is always a big strength for us, they saw an opportunity to really put their product in a deeper geographic reach, and that's very complementary to what we do with TRUaire, very complementary to what we do with RectorSeal. I'll point out there that the big national show was this week out in Las Vegas, and our TRUaire team, our RectorSeal team, and our Shoemaker team were all together talking to the same folks, demonstrating products, talking about the opportunity to buy the various products. You know, what's exciting too is you may recall, Jon, because I know we talked about it, there was family ownership of Shoemaker, John and Claire, and they stayed with the company to run the company. They're very involved day-to-day still, of course, running the company for us and merging into our culture very smoothly. The opportunity to rely on their expertise and history in this space, continue to rely on the heritage TRUaire expertise, and really legendary type status in this business, you know, one plus one, I think equals a lot more than two. Got it. Thanks, guys. I'll jump back in the queue. Thanks, Jon. Our next question comes from Chris Howe with Barrington Research. Please proceed. Good morning, Joe and James. Good morning, Chris. Good morning. Just following up on one of Jon's questions, in your remarks, you mentioned Shoemaker, the Northwest presence. Can you comment, just on the business today, by region? What other regions would you be attracted to that perhaps you don't have the exposure, that you would like to have someday? Yeah, Chris. I you know I would say RectorSeal side, we feel like that's a very national business. One of the real benefits to our acquisition strategy is being able to put new products into a national distribution footprint, lots of points of sale. I think that that was you know that that's proven to be true in many circumstances. I think the RectorSeal business is very national. TRUaire was is national as well. This has been a little bit of a of a soft spot for them, though, in the Pacific Northwest. I don't know that there's any other particular area that we would identify at this point, Chris, that we certainly have reach into all of them. As we noted with the TRUaire acquisition, every single one of their customers were customers of ours. We have reach into those. It's just a matter of strengths and weaknesses a little bit. From a competitive standpoint, I think we're fine, but I also don't wanna give away any secrets. Yeah, one thing I'll mention, just to repeat, you know. Mm-hmm. When we bought TRUaire, we acquired the five distribution facilities they have, California, Houston, Indiana, Florida, and Maryland. Mm-hmm. We've, as we talked about on the last call, we started to put RectorSeal products in those distribution centers. As we switch, TRUaire over to our ERP system here in the next couple of months, that's gonna increase that opportunity to co-locate product and make it easier for the customer to order, to receive shipment, all those types of things. It's gonna make that easier. I think to Joe's point, we already cover the nation pretty well, but I think we're gonna be able to have even deeper penetration in some regions because we're gonna be able to have inventory closer to where it needs to be and deliver that product more quickly. Okay, that's great. Actually, it led me to another question. In the past, you've commented on different regions and how easing of restrictions in those regions would be beneficial to your business. I think you may have mentioned the West Coast as it relates to that. Can you talk about the easing of restrictions and how that may impact construction activity and growth in your Engineered Building Solutions segment? Yeah, thanks. That is the segment that I would highlight, and that's a good point to bring up. You know, as we look at, you know, we've got a significant operation in Canada where there's obviously been some restrictions, but California especially. You know, what's important about California for us, especially with our Smoke Guard business, with the smoke curtains for elevators and buildings and, you know, atriums and those type things, you know, we not only sell the product there, but we have, you know, the kind of the double dip, so to speak, of having the distribution ourselves. We're not just selling to distributors. So you really get the sales of the product and the other pieces as well, and then growing as a parts business for us and a service business for us. California is an important market for that. That's where we really have the foothold for that double dip model, so to speak. As California has opened and closed and opened and closed and those type things, you've had fewer pro projects, you've had fewer people be able to get into buildings with restrictions and those type things. As we've seen in the last couple of years, those openings, then you see a little opportunity. We do have really good bidding and booking in that space. I think the folks in the state are optimistic that they're gonna be able to get those projects going and now on a more extended period of time, given the current, you know, variant and prognosis for what we see there. It's an important market for us. The businesses continue to do well, but we have a lot of optimism as California specifically reopens to your West Coast point that business will be able to continue to grow and really see some nice uptick. That's great. I'll throw one more, and then I'll jump back in the queue. If you could comment just on what you're seeing in the M&A environment. Obviously, we're entering into a rising rate environment. There's different scenarios out there that could play out from a macro perspective. Given your balance sheet, and that it's always remained strong, do you feel we're going into this with CSWI in perhaps a better position, than companies that are more strained on sales? Yeah, Chris, thanks for noting that. We think so. I mean, that's been part of our. If you remember, we issued a capital allocation strategy several years ago. Point number one is that we will always maintain a strong, resilient balance sheet, maintain liquidity so that we can be opportunistic when necessary. We did that during the pandemic. It was a perfect example with the TRUaire acquisition of being decisive and making an acquisition, despite some of the macro headwinds and other folks who were worrying about their existence, we were able to grow and be aggressive. We feel the same way today. I mean, as you said, really strong results, strong balance sheet, the dry powder capital available to be decisive and make acquisitions, pipeline is strong. We do feel like it's a competitive advantage to maintain the balance sheet strength. That's exactly why we do that. On the other hand, you know, discipline has always been an important part of our story as well. It's a balancing act every single day. If we remain disciplined and the right opportunity does come along, we absolutely have the capital base and the flexibility to do that kind of acquisition. Perfect. Thanks, Joe. Thanks, James. Thank you, Chris. Thank you, Chris. Our next question comes again from the line of Jon Tanwanteng with CJS Securities. Please proceed. Hi, guys. Thanks for the follow-up. I was wondering if you comment on inflation versus pricing in fiscal Q4, and if that spread has gotten worse or better, just as you see it today. Yeah, this is James. Thanks, Jon. You know, in terms of inflation, we're generally seeing most of the raw material prices stabilizing. We certainly keep an eye on oil prices, the base oil input in the Specialized Reliability Solutions segment as oil prices rise, and that has the potential to rise. I'll say there's a tailwind at the same time. As oil prices rise, we sell more product to the energy markets as well. So there's a bit of an offset there to some degree. That segment has done a good job of raising prices pretty quickly as they need to. So we're able to, I think, match that pretty well and have done a real good job catching up and staying ahead of that as we need to. You know, steel, those type things, input costs, plastic resins, those type things, they've stabilized. We do continue, though, to see elevated prices on the freight side, and that's obviously become a significant cost for us, both for what we see coming over from TRUaire as well as, you know, other offshoring that we do in importing some products. We're working to stay in line or ahead of that, as we've talked about. Our goal is to react as quickly as we can, you know, really rely on the value of our products. You know, we've said numerous times that our goal is that the investors and the shareholders don't bear the brunt of that. You know, the eventual end customer, you know, that'll get passed through the system through that standpoint. We're continuing to work hard on that. There's some lead times for some pricing increases, so you can have a headwind at times and a tailwind at others. We'll say this, that as those costs start to come down, you know, there's some stickiness, so to speak. You've got a bit of a tailwind at times on the pricing. You know, the team is, I think, doing a really nice job of that, but we're keeping a very close eye on it. Obviously, you know, every container we contract for, we're seeing, you know, what those shipping rates are, and they've stayed elevated. As Joe talked about, the Lunar New Year, there's an opportunity for some of that to alleviate, and we'll see what that does for pricing and right now availability of the containers as well. Got it. Okay. Two questions on the reliability solutions. The first one, just can you comment on how big the pull-in was, and kind of what product it was related to? Two, I was wondering if you could provide an update on the JV with Shell and kind of where you are and how that's performing compared to what you thought it would be. Yeah, happy to. I wouldn't really quantify what the pull forward was. You know, I'll say it was enough to mention, not enough to call out specifically. You know, when we're talking about beating guidance by a pretty healthy margin, but some of that got pulled forward in what you see fourth quarter, it was enough to where it made sense to mention, but nothing significant. Really, that was you know, we were able to arrange some logistics for some customers. They needed the product. We're able to get it out sooner than we expected, and that's a really good thing. When you're looking at it in November, you're not sure what's gonna happen those last couple weeks of December. A little bit of pull forward, but still looking at a good opportunity there, and that business continues to see good demand, continues to see margin opportunity, and we're very optimistic in the recovery of that business off the trough they came from. In terms of the joint venture with Shell, we continue to see growth there. You can see when you look at the press release and the 10-Q, when you look at the bottom of the income statement, you saw profitability again. We talked about it being marginally accretive this year. It continues to be. I'll say this, the team is doing a good job getting the product kind of recipe, so to speak, from Shell, getting the blending correct, getting that approved, the testing, you know, you can imagine there's a lot of steps in that. We're getting more and more product approved that we're ready to produce. We continue to install equipment in the next couple phases of that JV growth within our facility out in Rockwall, Texas, that will allow us to produce that volume at a bigger level. I will also say, we continue to see some really nice opportunity in our OilSafe and Air Sentry, our reliability products. Those are products that weren't specifically part of when we called out rail and mining, but Shell has always had an interest in those products. Those are very nice products for us to sell. Shell's distribution and sales network is obviously bigger than ours. They've got a lot of demand for those products now that they can sell them. We're very optimistic that we can see some nice growth and uptick in those products, and that's good for the joint venture and certainly good for our segment. Okay, great. Finally, you know, we've been anticipating this, like, "air pocket" in the engineered building products business for a while now. Does that mean the next quarter should be sequentially up, or is the air pocket maybe a little bit more than a quarter long? Yeah, I think we look at the air pocket kind of Q3 that we just finished and into this quarter as well, Q4. When we talked about the biddings and bookings and backlog are up, most of that is as we get into fiscal 2023. I think as we get into our fiscal first and second quarter, we're gonna start seeing a tailwind with those larger, you know, better margin construction projects, the best we can see right now. Whereas Q3 and Q4, there's some of that, but a little more of that's been the shorter term to be sure to keep our folks busy and fill in the blank. I mentioned it briefly, you know, the leadership team there has done a good job really focusing on the commercial side of things, and then obviously on the operational excellence side of things, and that's starting to bear fruit. That's probably more of a fiscal year 2023 story. Got it. Thank you so much. Thank you, Jon. Thanks, Jon. Thank you. Ladies and gentlemen, we have reached the end of the question and answer session. I would like to turn the call back to Joe Armes for any closing remarks. Great, thank you. It's our privilege each quarter to be able to address those assembled, and we appreciate your interest in our company and look forward to doing this again next quarter. Thank you. This concludes today's conference. You may disconnect your lines at this time. Thank you very much for your participation.