Chris Moore: Got it. Last year though it was because of PGM and other reasons — it was significantly lower than that, correct? I mean, it was single-digit.
David Watson: Yes, yes. There continues to be significant interconnect challenges both for renewables and gas. Otherwise, I think, the growth in the number of projects kicking off and being built would be more so than what we were expecting to see.
Chris Moore: Got it. I’ll switch off the gas. So Roberts had another exceptional quarter, exceptional year. Obviously, that growth rate for the year is, we expect that to continue. But can you sustain this 40 million plus run rate that you did in Q4? Is there anything special in Q4 there that you wouldn’t be seeing moving forward?
David Watson: Chris, I’m going to continue to challenge my team down there and they’ve just done – they’ve had a tremendous two or three year run, right $40 million in Q4. It was over $30 million in the previous three quarters. And frankly, they exceeded kind of the top ends of like my expectations for the year. The really good data point is frankly their backlog at year end was 120 million and it’s increased since then. So I do expect them to continue to add very smaller and larger projects, add members to their team which they’ve already done and others and being able to increase that growth. Again, obviously, everything’s subject to the economy continuing to chug along and – but they’re in a sweet spot right now.
Chris Moore: Got it. Last one for me is obviously, gross margin was impacted this quarter by Kilroot. You’re done with currency. Congratulations on that. Was there any currency excess margin in the gross margin in Q4?
David Watson: Chris for some reason you were to ask me that question. We are now in the warranty period and the job is effectively complete. We currently saw some further improvements during Q4, as items were closed out and remaining risk were reduced and or eliminated. At the end of the day, we’re always committed to delivering the best possible project results each and every time. So the currency job is effectively complete.
Chris Moore: All right. I will leave it there. I appreciate it.
David Watson: Of course.
Operator: We have reached the end of the question-and-answer session. I will now turn the call over to David Watson for closing remarks.
David Watson: Great. Thank you all for participating in today’s call. We look forward to speaking with you again, when we report our Q1 fiscal 2025 earnings. Have a great evening.
Operator: This concludes today’s conference and you may disconnect your lines at this time. Thank you for your participation.
