Philip Fain: Sure. The way I’m looking at this, Josh, I think we’re going to see approximately 150 basis points improvement this year over last year. I would expect to see that same improvement and whether it’s 150 or 170 does make a difference. I’m looking at 150 next year, 150 in the following year, 100 the next year, and that’s the base case. And the reason why that’s so important to us is that every 100 basis point improvement in gross margin yields us $0.07 of EPS after tax. So that’s why we’re so focused on gross margin. So I’m looking at 150, 150, 100.
Josh Sullivan: And then on the EL 8000 services to order, it’s great news. Are you able to say how large that order was? Are there milestones where that order could expand? And then what do you maybe see as the opportunity over the next 2 years?
Michael Manna: Well, we’re not going to comment right now on the size of that order, but I mean it’s not insignificant to the Con Systems business, let’s just say that. So it’s a huge market. I mean our strategic partner has a huge backlog, multibillions of dollars of servers that need to go out in the marketplace. We are the preferred and only real vendor in this space to package that equipment to get it to the edge. So I don’t even think I can quantify what the opportunity really could be. We know it’s going to be significant or we wouldn’t be investing the time, energy and resources into the effort, but we’ll have to see how it develops just like you.
Josh Sullivan: Sounds good. And then just on — staying within communications, the $6.9 million order on the ground fleet upgrade. You mentioned some additional programs coming down the pipe. Should we expect those to be about the similar size, or are those potentially larger opportunities?
Michael Manna: They’re about the similar size at this point?
Josh Sullivan: Got it. Got it. And then just broadly, obviously, just looking at industrial markets, do you have any comments on kind of broader themes within industrial, energy, or consumer markets? Just any dynamics you’re seeing and obviously a focus of investors right now?
Michael Manna: Well, there’s still a lot of activity in certain spots. I mean, obviously, oil and gas is still strong. I mean that market definitely has not went away. We don’t anticipate that it’s going to anytime soon. The monitoring and telemetry of a lot of the industrial markets continues to be strong. Everybody wants to monitor everything these days. So there’s sensors and things on every pipeline, every water line, every power line, every switch gear, there’s just a lot of activity. And then all of that’s going into a lot of AI equipment to monitor for failures and other things to predictively try to maintain some of the systems and reduce costs. So that’s what kind of what we’re seeing in our end.
Josh Sullivan: Good. Well, again, congratulations on the quarter, and thank you for taking the time.
Michael Manna: Thank you, Josh.
Josh Sullivan: Thank you.
Operator: [Operator Instructions] And I don’t see any questions at this time. I will now turn the call back over to Mike Manna.
Michael Manna: All right. Thanks, everyone. We will talk next time in 2024 the Q4 conference call. Bye now.
Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect.
