{
    "componentChunkName": "component---src-containers-call-js",
    "path": "/e/nyse/s/gcp/y/2022/q/q1",
    "result": {"pageContext":{"event":{"conference_date":"2022-05-09T06:00:00.000-04:00","quarter":"q1","transcript":"53e85650-1feb-4570-ab44-7a76bd669fe8.json","transcript_preview":null,"year":"2022","audio_file":null},"transcript":{"version":3,"items":null,"speaker_groups":[{"endIndex":null,"speaker":"spk_0","startIndex":null,"start_times":[0.06,0.57,0.75,1.05,1.2,1.44,2.34,2.741847,3.54,3.81,4.171586,4.285487,4.44,4.712965,4.8,5.07,5.43,5.91,7.11,7.32,7.35,7.92,8.25,8.58,8.82,9.09,10.62,10.92,11.25,12.3,12.48,13.08,13.23,13.38,13.47,13.59,13.92,14.22,15.48,15.754005,15.87,16.08,16.77,17.1,17.43,17.61,17.7,18.15,18.713932,18.87,19.35,19.854225,20.31,20.7,20.85,22.71,23.01,23.34,24.123666,24.27,24.51,24.63,24.75,25.47,25.68,25.92,27.27,27.45,27.72,27.75,28.2,28.32,28.47,29.01,29.58,29.79,30.18,30.39,30.54,31.02,32.25,32.46,32.85,32.97,33.66,33.9,34.298994,34.901898,35.16,37.23,37.32,37.44,37.657533,37.870532,37.928434,38.37,38.58,38.85,39.03,39.57,39.93,40.56,40.83,41.37,41.52,41.94,42.87,43.02,43.17,43.5],"words":["greetings","and","welcome","to","the","tcp","apply","technologies","third","quarter","of","two","thousand","and","twenty","one","conference","call","as","a","reminder","today's","call","is","being","recorded","during","today's","presentation","or","participants","will","be","in","a","listen","only","mode","should","you","need","assistance","please","signal","for","a","conference","specialist","by","pressing","discard","t","followed","by","zero","after","today's","presentation","there","will","be","an","opportunity","to","ask","questions","to","ask","a","question","you","may","presses","star","than","one","on","your","touchstone","phone","to","withdraw","your","question","please","press","star","than","two","i","will","now","turn","the","conference","over","to","our","host","william","can't","vice","president","of","investor","relations","you","may","begin","sir"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[46.08,46.32,46.74,47.16,47.22,47.4,47.46,47.7,47.82,47.94,48.27,48.42,48.51,48.81,49.65,49.86,50.01,50.13,50.16,50.64,50.76,51.09,51.42,51.87,51.96,52.17,52.56,53.43,53.58,54.09,54.33,54.72,55.77,55.89,56.04,56.28,56.46,56.67,57.45,57.72,57.810524,57.9,57.995189,58.65,58.89,59.13,59.43,59.58,59.85,60.09,60.81,60.96,61.17,61.308164,61.801157,61.88335,62.07,62.22,62.52,62.97,63.12,63.24,63.57,64.35,64.56,64.906333,65.31,65.43,65.52,65.858855,67.02,67.41,67.56,67.59,67.92,68.52,68.64,69.06,71.64,72,72.12,72.21,72.6,72.87,72.99,73.32,73.62,73.83,74.4,74.61,74.73,75.18,75.48,75.96,76.95,77.22,77.73,77.91,78.24,79.38,79.556982,79.74,80.25,80.43,80.85,80.928362,81.03,81.51,81.6,82.2,82.68,82.8,83.04,83.73,83.85,83.97,84.42,84.51,84.84,86.55,86.7,86.82,87.12,87.6,87.75,87.84,88.05,88.56,88.83,89.07,89.58,90.12,90.27,90.75,90.81,91.02,91.23,91.62,92.01,92.072732,92.82,92.97,93.3,93.72,93.93,94.112505,94.26,94.505845,95.79,95.94,96.03,96.45,96.78,97.35,97.77,98.19,98.37,98.43,98.88,98.94,99.12,99.57,99.69,99.99,100.38,100.53,100.68,100.77,102.06,102.24,102.87,103.05,103.35,103.59,104.13,104.34,104.82,105.24,105.75,106.5,106.83,106.95,107.04,107.37,107.88,108.09,108.15,108.24,108.45,108.54,109.47,110.25,110.61,110.73,111.21,111.576738,111.72,112.17,113.19,113.97,114.15,114.381716,114.69,115.092605,115.23,115.71,116.52,116.7,117.24,117.36,117.81,118.20873,118.35,118.86,119.16,119.94,120.51,120.78,120.81,121.53,121.71,122.16,122.52,122.7,122.882769,123.45,123.66,124.08,124.17,124.26,124.56,125.7,125.94,126.3,126.39,126.9,127.17,127.53,127.65,127.77,128.34,128.43,128.79,128.94,128.97,129.9,130.2,130.298394,130.68,131.46,131.685747,132.030937,132.089678,132.18,132.6,132.66,132.96,134.97,135.067324,135.27,135.487485,135.554839,135.81,135.96,136.05],"words":["thank","you","however","you","want","to","thank","you","for","joining","us","on","today's","call","with","us","on","a","call","or","simon","bates","president","and","chief","executive","officer","and","rigmarole","chief","financial","officer","if","you've","not","done","so","already","please","go","to","our","website","g","c","p","a","t","dot","com","and","click","on","investors","to","have","to","take","copies","of","her","earnings","release","which","contains","tables","with","our","funny","results","along","with","a","slide","presentation","was","supporting","materials","some","of","our","comments","today","will","include","forward","looking","statements","under","the","us","federal","securities","laws","at","results","may","differ","materially","from","most","projected","or","implied","you","to","variety","of","factors","including","but","not","limited","to","be","impacts","of","covered","nineteen","we","were","for","everyone","to","or","more","robust","forward","looking","statements","kramer","and","discussion","of","these","risk","factors","facing","our","business","in","earnings","release","and","as","he","see","filings","we","will","discuss","certain","nadya","financial","measures","which","are","described","in","more","detail","in","earnings","release","and","on","our","website","our","comments","on","forward","looking","statements","and","nadya","financial","measures","point","both","to","the","prepared","remarks","and","to","the","q","and","a","references","to","be","better","refer","to","adjusted","ebitda","references","to","be","bit","referred","to","adjusted","even","and","references","to","margin","refer","to","adjusted","gross","margin","adjusted","even","a","margin","and","adjust","did","he","bit","margin","as","defined","in","our","press","release","all","revenue","and","associated","growth","rates","in","this","discussion","or","stated","on","a","comparable","cause","the","currency","bases","was","just","to","the","impact","of","foreign","currency","i'll","now","turn","the","call","over","to","simon"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[139.56,139.86,140.28,140.49,141,141.15,141.42,141.54,141.72,142.08,142.47,144.03,144.18,144.75,145.35,145.5,145.59,145.95,146.76,146.94,147.3,147.42,148.32,148.53,148.65,148.89,149.25,149.4,149.64],"words":["thanks","well","good","morning","and","thank","you","for","joining","today's","cool","i","financial","performance","in","the","third","quarter","was","within","the","expectations","which","we","laid","out","in","early","august"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[150.93,151.17,151.29,151.77,151.95,152.1,152.19,152.58,152.85,153.39,153.93,154.23,155.22,155.49,156.27,156.99,157.14,157.29,157.47,158.19,158.34,158.4,159.06,159.36,159.42,159.66,160.41,160.62],"words":["what","is","notable","is","that","we","delivered","these","results","despite","cost","inflation","being","significantly","higher","than","we","had","forecast","in","the","quarter","both","a","raw","materials","and","transportation"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[162.51,163.29,163.5,163.98,164.19,164.46,164.64,164.97,165.36,165.6,165.72,165.75,166.02,166.77,167.01,167.22,167.46,167.52,167.639458,168.63,168.72,169.17,169.62,169.74,169.92,170.28,170.43,170.73,171.037573,171.15,172.65,172.83,172.98,173.49,173.64,173.73,174.12,174.18,174.63,174.75,175.05,175.5,176.4,176.488345,176.82,177.03,177.663252,177.9,178.29,179.67,179.85,179.97,180.3,180.54,181.02,181.32,181.71,182.4,182.61,184.95,185.19,185.28,185.43,185.52,185.85,185.91,186.15,186.3,186.51,187.11,187.44,187.535024,187.95,189.36,189.69,189.75,190.11,190.92,191.1,191.25,191.55,192.03,192.15,192.21,192.75,192.87,192.99,193.53,194.73,194.94,195.42,195.84,196.44,196.62,197.22,197.52,198.03,198.33,198.99,199.35,199.8,200.04,200.25,201.36,201.51,201.93,202.05,202.23,202.32,202.89,203.34,203.46,203.88,204.69,204.81,205.17,205.38,205.65,206.22,206.31,206.46,208.23,208.35,208.44,209.01,209.73,209.82,210.21,210.51,210.87,211.8,211.95,212.16,212.4,212.64,212.94,213.78,214.29,214.95,215.1,215.146377,215.37,215.58,216.24,216.45,216.9,216.99,217.11,217.59,219.54,220.53,220.62,220.95,221.55,222.03,222.12,222.21,222.72,223.47,223.68,224.73,224.88,225.21,225.75,225.84,227.28,227.52,227.64,227.94,228.03,228.15,228.48,228.6,228.87,229.025229,229.23,229.623545,229.8,230.16,230.85,230.94,231,231.54],"words":["notably","as","dna","was","down","by","more","than","eight","and","a","half","percent","year","over","year","in","the","quarter","a","direct","result","of","our","efforts","to","right","size","the","business","i","am","confident","we","are","building","a","leaner","and","more","agile","business","and","setting","g","cpm","for","future","success","this","will","become","more","evident","once","macro","conditions","have","normalized","now","would","like","to","give","a","little","bit","more","insights","about","our","segment","results","given","the","market","dynamics","i","am","very","pleased","with","the","performance","of","the","spm","business","for","twenty","twenty","one","we","forecast","both","revenue","an","operating","income","growth","year","over","year","our","employees","have","done","an","outstanding","job","and","improving","service","and","driving","by","that","results","in","this","segment","but","the","fcc","business","the","supply","chain","just","disruptions","and","year","over","year","cost","inflation","started","earlier","and","a","been","more","severe","when","compared","to","the","spm","segment","unfortunately","the","cost","inflation","impact","in","the","scc","segment","has","accelerated","and","price","recovery","is","lacking","we","are","clear","on","the","actions","we","need","to","it","take","to","improve","profitability","and","the","scc","business"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[233.001182,233.43,233.55,233.88,234.63,234.81,234.9,235.08,235.71,235.83,235.95,236.58,237.00936,237.78,237.93,238.26,238.77,239.31,240.54,240.75,240.84,241.2,241.53,241.68,242.07,242.19,242.7,242.76,243.18,243.3,243.66,244.14,244.41,244.53,244.74,245.58,245.73,245.79,246,246.33,246.42,246.81,247.47,247.68,247.98,248.128096,248.46],"words":["edition","of","david","campus","as","our","new","president","of","the","scc","america's","business","is","already","bringing","tangible","change","we","are","working","closely","with","david","on","developing","a","revenue","and","profit","improvement","plan","for","this","business","and","i","look","forward","to","sharing","more","on","this","and","future","cause"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[249.99,250.29,250.38,250.74,251.52,251.61,251.82,252.06,252.48,252.75,253.35,253.53,253.613203,253.98,254.07,254.55,254.64,255.45,255.54,255.63,256.44,256.68,256.83,256.95,257.13,257.61,258.03,258.12,258.48,259.71,259.92,260.01,260.31,260.58,260.7,261.21,261.33,261.78,261.93,262.11,262.26,262.44,262.53,262.62,262.95,263.31,264.27,264.42,264.57,264.66,266.16,266.37,266.91,267.014912,267.33,267.9,268.02,268.53,269.67,269.82],"words":["since","i","joined","tcp","a","little","over","thirteen","months","ago","we","have","focused","on","improving","the","competitiveness","of","the","business","so","that","we","can","drive","revenue","and","margin","improvement","when","we","last","spoke","in","august","i","said","that","this","was","one","of","the","tougher","working","environments","that","i","have","experienced","this","remains","a","very","dynamic","and","challenging","period","i","read"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[270,270.09,270.21,270.78,270.898594,271.077187,271.5,272.1,272.64,272.85,273.058008,273.484746,274.77,275.04,276.12,276.87,277.71,277.89,278.16,278.43,279.99,280.05,280.47,280.71,281.01,281.13,281.46,282.15,282.33,282.72,282.81,284.1,284.28,284.76,285.09,285.75,285.87,286.41,286.86,287.97,288.265781,288.84,289.17,289.41,289.59,290.61,290.85,290.97,291.48,291.6,292.26,292.35],"words":["can","you","imagine","have","been","negative","negatively","impacted","by","rule","material","shortages","cost","inflation","transportation","bottlenecks","and","tight","labor","markets","the","gc","p","team","is","working","diligently","to","address","the","challenges","we","evaluate","every","opportunity","to","streamline","production","processes","find","substitute","romans","heroes","were","possible","and","we","continue","to","prioritize","the","customer"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[294.66,294.75,294.96,295.05,295.23,295.44,295.56,296.31,296.52,297.12,297.21,297.387627,297.9,298.65,298.83,299.25,299.34,299.85,300.6,301.2,301.29,301.98,303.15,303.33,303.48,303.93,304.11,304.65,304.83,305.22,305.31,305.76,306.33],"words":["i","want","to","make","sure","we","recognize","our","employees","for","that","continued","focus","on","meeting","our","customers'","needs","despite","the","unprecedented","challenges","they","have","done","and","continue","to","do","a","truly","remarkable","job"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[307.56,307.89,308.13,308.49,308.82,309.3,309.45,309.57,309.96,310.11,310.47,310.59,310.68,310.98,311.1,311.19,311.34,312.33,312.48,312.63,313.26,313.38,313.71,313.83,314.91,315.09,315.21,315.66,315.936621,316.114688,316.2,316.74,316.86,317.19,317.49,317.66833,318.36,319.74,319.89,320.416992,320.88,321.03,321.09,322.35,322.595479,322.730361,323.01,323.34,323.67,323.88,324.24,324.84,325.468945,326.1,326.97,327.27],"words":["looking","into","twenty","twenty","two","we","will","continue","to","focus","on","the","things","that","we","can","control","and","on","repositioning","the","business","for","growth","we","will","accomplish","this","through","the","combination","of","building","out","our","organizational","capability","and","improved","focus","on","the","customer","given","as","strong","balance","sheet","we","can","accelerate","ashtrays","strategic","plan","through","the"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[327.39,327.75,328.89,329.032793,329.25,329.55,330.06,330.33,330.39,330.72,330.9,330.99,331.74],"words":["right","emanate","i'd","now","liked","to","turn","the","call","over","to","craig","craig"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[333.09,333.36,333.48,334.02,334.17,334.53,334.98,335.156221,335.49,335.58,335.73,336.12,336.27],"words":["thank","you","simon","good","morning","everyone","and","thank","you","for","joining","us","today"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[337.44,337.62,337.65,338.22,338.46,338.91,339.03,339.72,340.08,340.44,340.536797,340.68,341.25,341.34,341.49,341.52,342,342.42,343.56,343.68,343.8,344.19,344.79,345.12,345.42,346.23,346.68,347.4,347.61,347.85,347.94,348.06,348.42,349.44,349.95,350.07,350.22,350.61,351.3,351.42,351.48,351.964219,352.14,352.56,352.86],"words":["as","a","reminder","all","sales","and","associated","growth","rates","in","my","comments","are","on","a","constant","currency","basis","i","will","discuss","tcp","third","quarter","results","including","comments","on","each","of","our","business","segments","lastly","i","will","provide","commentary","on","the","remainder","two","thousand","twenty","one"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[354.21,354.87,355.35,355.83,356.37,356.55,356.7,356.94,357.27,357.57,357.84,358.08,359.1,359.28,359.58,359.82,360.24,360.57,360.72,361.11,362.01,362.19,362.73,362.85,363.12,363.3,363.39,364.89,365.07,365.19,365.85,366.24,366.63,366.81,367.02,367.29,367.5,367.92,368.01,368.91,369.09,369.24,369.27,369.63,370.11,370.253789,370.77,370.89,371.43,372,372.93,373.14,373.26,373.68,373.74,374.04,374.67,374.82,374.88,375.15,375.54,377.52,377.82,377.91,378,378.54,378.96,379.17,379.44,379.68,380.4,380.79,380.97,381.24,381.57,381.78,382.2,382.29,383.22,383.4,383.7,384.169746,384.24,384.48,384.72,384.9,385.29,385.71,386.28,386.67,386.76,386.85,387.96,388.62,388.92,389.34,389.91,390.18,390.368555,390.446221,390.66,391.08,391.47,391.62,391.95,392.19,392.49,392.76,393.93,394.14,394.47,394.68,395.16,395.28,395.52,395.64,395.760908,396.36,396.93,397.44,397.65,397.68,398.04,398.37,398.76,399.12,399.36,400.47,400.71,400.74,401.49,402.12,402.3,402.42,402.96,404.34,404.79,405.3,405.45,406.05,406.5,406.68,406.95,407.22,407.49,407.67,408.57,409.14,409.38,409.65,409.92,410.37,410.64,410.73,411.63,412.17,412.71,412.8,413.1,413.49,414.69,414.87,415.47,415.62,415.71,416.336279,416.46,416.55,416.88,417.3,418.77,419.31,419.425957,419.76,419.97,420.48,421.26,421.89,422.01,422.37,422.55,423.72,424.08,424.35,424.65,424.83,425.61,426.03,426.18,426.267305,426.54,426.84,426.96,427.05,427.32,427.62,427.77,428.1,428.19,429.27,429.42,429.69,429.81,430.14,430.32,430.77,431.22,431.46,431.67,431.97,432.3,432.63,432.81,433.59,433.8,433.86,434.22,434.31,434.4,434.94,435.39,437.31,437.82,437.94,438.354141,439.14,439.463262,439.8,440.1,440.4,440.79,441.63,442.08,442.2,442.53,442.86,443.25,443.43,443.79,444,444.93,445.23,445.8,446.1,446.28,447.51,448.02,448.26,448.656006,449.13,449.37,449.585771,449.667949,450,450.42,450.78,450.9,451.2,451.47,451.62,452.46,452.64,452.76,453.03,453.24,453.72,453.84,454.41,455.7,456.21,456.48,456.99,457.62,457.89,458.4,458.7,458.94,459.39,459.51,459.6,459.93,460.8,460.98,461.37,461.61,461.97,462.36,462.69,463.08,463.17,463.47,463.95,464.1,464.28,464.614365,464.73,466.68,466.8,467.22,467.88,468.09],"words":["tcp","constant","currency","sales","of","two","hundred","forty","six","point","one","million","were","point","nine","percent","lower","than","prior","year","but","generally","in","line","with","our","expectations","we","had","forecasted","sable","demand","year","over","year","with","respect","to","revenues","but","with","a","slight","impact","from","material","and","majestic","constraints","globally","which","we","started","to","see","him","in","the","late","quarter","to","price","for","the","quarter","improve","one","point","three","percent","compared","with","third","quarter","two","thousand","and","twenty","as","price","continued","to","come","through","from","pricing","actions","implemented","earlier","in","the","year","tcp","gross","margin","decrease","seven","hundred","and","ten","basis","points","to","thirty","three","point","nine","percent","has","higher","raw","material","and","much","as","to","cost","impacted","margins","at","a","higher","rate","versus","rq","three","forecast","with","a","significant","impact","on","the","fcc","segment","spelling","general","and","administrative","costs","of","fifty","nine","point","two","million","decreased","eight","point","five","percent","during","the","quarter","partially","offsetting","the","gross","margin","compression","and","stronger","than","are","forecast","to","to","lower","employee","costs","tcp","the","income","from","continuing","operations","attributable","to","gc","be","shareholders","totaled","seven","point","eight","million","compared","with","one","hundred","million","for","the","third","quarter","two","thousand","and","twenty","of","course","the","prior","year","period","included","eighty","two","point","five","million","in","games","from","the","sale","of","the","cambridge","corporate","office","tcp","the","just","even","totaled","twenty","four","point","five","million","compared","with","thirty","six","million","in","prior","year","quarter","down","approximately","thirty","two","percent","adjusted","even","margin","decreased","four","hundred","and","seventy","basis","points","to","nine","point","eight","percent","due","to","hire","raw","material","and","logistics","costs","adjusted","iba","a","margin","was","fourteen","point","three","percent","for","the","current","quarter","or","five","hundred","basis","points","lower","versus","the","same","period","in","two","thousand","and","twenty","our","capital","spending","your","today"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[469.62,469.8,470.07,470.37,470.67,470.97,471.9,472.29,472.68,472.89,473.25,473.64,473.94,474.09,474.42,474.96,475.436367,476.1,476.25,476.67],"words":["he's","twenty","three","point","nine","million","versus","twenty","eight","million","prior","year","to","date","reflecting","improved","discipline","of","capital","deployment"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[478.08,478.2,478.44,478.83,478.92,479.64,479.82,480.3,480.39,480.75,481.08,481.26,481.35,482.22,482.4,482.52,482.767236,482.97,483.84,484.32,484.56],"words":["do","better","service","or","customers","we","continue","to","hold","hire","him","and","tories","as","we","work","through","significant","supply","chain","disruptions"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[486,486.63,486.75,486.84,487.14,487.41,487.71,487.83,488.01,488.37,488.46,488.76,489.57,489.84,490.2,490.68,490.83,491.37,492.09,492.3,492.87,494.04,494.4,494.73,495.09,495.42,495.63,496.44,496.86,497.25,497.61,497.97,498.3,499.68,500.07,500.16,500.52,502.35,502.56,502.92,503.041816,503.13,503.73,504.54,504.72,504.81,505.05,505.68,505.83,505.95,506.25],"words":["therefore","for","the","first","nine","months","of","two","thousand","and","twenty","one","net","cash","provided","by","operating","activities","from","continuing","operations","equal","twenty","five","point","eight","million","versus","fifty","nine","point","three","million","compared","to","prior","year","now","looking","at","the","specific","performance","of","are","two","segments","for","the","third","quarter"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[507.93,508.640273,509.16,509.58,510.33,510.51,510.69,510.93,511.26,511.5,512.58,512.76,512.85,513.036035,513.12,513.48,513.78,514.02,514.89,515.07,515.16,515.76,516.27,516.36,516.69,518.25,518.4,518.641465,518.67,518.94,519.21,519.45,520.5,521.28,521.58,521.97,522.18,522.3,522.93,523.11,524.49,524.67,525.03,525.21,525.48,525.99,526.17,527.88,528,528.51,528.93,529.38,529.56,530.1,530.22,530.97,531.18,531.3,531.63,532.2,532.68,533.34,533.49,533.58,533.85,533.97,534.99,535.62,537.12,537.45,537.930996,538.05,538.14,538.68,539.13,539.634434,539.82,540.03,540.33,540.51,540.81,541.08,541.44,542.37,542.52,542.85,543.09,543.6,543.72,543.78,544.08,544.95,545.1,545.19,545.52,545.79,546.3,547.11,547.26,547.8,548.25,548.46,549.21,549.33,549.39,550.83,551.34,551.64,552.3,552.51,552.84,553.74,554.31,554.46,554.55,555.03,555.12,555.21,555.93,556.08,556.65,556.71,556.89,557.25,557.34,558.54,558.99,559.14,559.26,559.38,559.86,560.85,561.45,561.87,561.99,562.32,564.63,565.26,565.71,566.22,566.67,566.88,567.21,567.51,567.84,568.32,568.5,569.04,569.55,570.39,570.54,570.84,571.14,571.38,572.55,572.67,573.24,573.39082,573.69,573.9,574.14,574.23,574.62,575.04,575.4,575.82,575.97,576.06,576.39,576.63,577.41,577.95,578.1,578.22,578.55,578.73,579.21,580.47,581.19,581.49,581.91,582.12,582.3,582.39,583.02,583.41,583.74],"words":["fcc","constant","currency","sales","were","up","one","point","three","percent","to","one","hundred","and","forty","point","one","million","due","to","favorable","impact","of","price","increases","we","saw","a","year","over","year","growth","specifically","around","global","some","and","additives","and","geographically","in","both","in","latin","america","and","europe","the","fcc","volume","offset","was","generally","in","asia","where","we","saw","intermittent","government","restrictions","due","to","cope","with","nineteen","impacting","demand","gross","margins","in","the","fcc","segment","declined","year","over","year","by","nine","hundred","basis","points","to","thirty","one","percent","in","the","third","quarter","due","to","high","raw","material","costs","and","logistics","costs","which","accelerated","in","the","quarter","fcc","gross","margins","will","be","unfavorably","impacted","for","the","remainder","of","the","year","in","comparison","to","two","thousand","and","twenty","mainly","due","to","the","inflation","headwinds","including","shipping","and","freight","cars","fcc","segment","operating","income","with","seven","point","seven","million","with","segment","operating","margin","of","five","point","four","percent","a","decrease","of","a","eight","hundred","and","twenty","basis","points","compared","with","the","prior","year","quarter","primarily","due","to","higher","raw","material","costs","historically","third","quarter","has","been","our","strongest","margin","quarter","for"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[583.92,584.25,585.09,585.24,585.99,586.11,586.65,586.77,586.86,587.88,588.18,588.78,589.23,589.35,589.44,589.95,590.22,590.43,590.94,591.03,591.18,591.546562,591.84],"words":["se","si","and","unfortunately","the","severity","of","the","inflation","whether","significant","impact","on","our","fcc","for","your","results","in","two","thousand","twenty","one"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[593.25,593.55,593.64,593.79,594.246328,594.66,594.78,594.87,596.73,596.94,597.12,597.24,597.75,598.26,599.34,599.79,600.06,600.3,600.39,600.69,601.17,601.65,601.89,601.98,602.28,603.06,603.164766,603.63,603.87,604.17,604.47,605.13,605.67,606.06,606.15,606.42,606.78,606.99,607.38,607.5,608.22,608.37,608.46,608.76,609.15,610.551545,610.881545,611.001545,611.721545,611.991545,612.141545,612.261545,613.191545,613.371545,613.491545,613.838841,614.301545,614.451545,614.841545,615.321545,615.921545,616.041545,616.851545,617.001545,617.361545,617.721545,618.831545,619.041545,619.221545,619.431545,619.971545,620.481545,620.961545,621.141545,621.471545,621.831545,622.521545,622.791545,622.971545,623.091545,623.541545,623.811545,624.831545,625.011545,625.101545,625.491545,625.581545,626.121545,626.571545,627.261545,627.501545,627.891545,627.981545,628.911545,629.991545,630.171545,630.561545,630.681545,632.181545,632.511545,633.111545,633.411545,633.868837,634.365419,634.592729,634.821545,635.151545,635.601545,635.991545,636.141545,636.441545,636.801545,637.071545,637.311545,638.241545,638.661545,638.811545,638.901545,639.171545,639.561545,639.651545,639.801545,640.161545,640.251545,641.181545,641.331545,641.421545,641.751545,641.961545,642.381545,643.011545,643.161545,643.431545,643.551545,643.791545,643.971545,644.091545,645.771545,645.981545,646.311545,646.701545,647.181545,647.571545,647.912554,648.231545,648.531545,648.801545,649.731545,649.941545,650.421545,650.901545,651.051545,651.591545,651.891545,652.131545,653.121545,653.222759,653.421545,653.721545,654.021545,654.411545,654.714149,655.251545,655.611545,655.971545,656.961545,657.351545,657.591545,657.681545,658.101545,658.341545,658.461545,658.671545,659.151545,660.081545,660.561545,660.681545,661.251545,661.461545,661.821545,661.911545,662.241545,663.081545,663.226316,663.34191,663.741545,664.131545,665.391545,665.632717],"words":["turning","to","the","spm","segment","for","the","courts","f","b","m","sales","constant","currency","totaled","one","hundred","and","six","million","dollars","during","the","third","quarter","a","thirty","three","point","seven","percent","decrease","versus","the","third","quarter","two","thousand","and","twenty","two","to","lower","sales","volumes","lawyers","were","slightly","lower","than","we","expected","as","we","reduce","shipments","to","certain","property","developers","in","china","to","reduce","credit","risk","we","did","see","solid","volume","growth","in","certain","product","lines","such","as","our","sterling","void","business","and","are","special","the","construction","products","group","which","includes","the","fireproofing","injections","and","flooring","pro","products","although","spm","gross","margin","decreased","four","hundred","sixty","basis","points","to","thirty","seven","point","nine","percent","compared","with","the","third","quarter","of","two","thousand","and","twenty","due","to","hire","raw","material","costs","it","was","in","line","with","our","expectations","as","pm","segment","operating","income","total","twenty","point","nine","million","with","operating","margins","at","nineteen","point","four","percent","a","three","hundred","ninety","basis","point","decrease","vs","prior","year","however","year","to","date","as","the","ems","operating","margins","continue","to","outpace","two","thousand","and","twenty","margin","do","to","volume","growth","productivity","good","me"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[665.721545,666.471545,666.651545,666.987295,667.440305,667.581545],"words":["max","and","costs","leverage","to","date"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[669.831545,670.011545,670.341545,670.401545,670.761545,671.631545,671.781545,671.901545,672.291545,672.471545,673.131545,673.311545,673.911545,674.331545,675.351545,675.471545,675.921545,676.011545,676.491545,676.581545,677.091545,677.811545,678.021545,678.081545,678.321545,678.441545,678.711545,679.281545,680.151545,680.901545,681.051545,681.171545,681.681545],"words":["now","looking","to","quarter","for","it","is","clear","that","inflation","and","logistics","cost","increases","will","continue","to","impact","our","financial","results","on","a","year","to","year","comparable","basis","particularly","in","the","fcc","segment"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[683.241545,683.391545,683.811545,683.871545,684.171545,684.681545,684.861545,685.341545,685.431545,685.761545,685.851545,686.331545,686.571545,687.441545,687.831545,688.011545,688.161545,688.461545,688.821545,688.941545,689.361545,689.511545,689.631545,690.231545,690.321545,691.131545,691.371545,691.797559,692.931545,693.321545,693.531545,693.621545,693.921545,694.461545,694.791545,696.291545,696.501545,696.591545,696.951545,697.041545,697.431545,697.761545,697.881545,698.061545,698.151545,698.421545,698.841545,698.931545,699.981545,700.131545,700.250454,700.404688,700.881545,701.001545,701.181545,701.541545,701.691545,701.871545,702.021545,702.381545,702.501545,702.681545],"words":["we","continue","to","take","actions","we","believe","are","needed","to","offset","the","costs","however","we","do","not","believe","the","actions","will","be","sufficient","to","substantially","lift","margin","sequentially","moving","into","the","fourth","quarter","for","fcc","we","are","using","our","balance","sheet","in","order","to","better","service","or","customers","and","will","we","continue","to","do","so","in","order","to","ensure","we","have","product"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[703.191545,704.271545,704.541545,704.751545,705.111545,705.231545,705.561545,706.071545,706.461545],"words":["supply","into","two","thousand","and","twenty","two","without","disruption"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[708.171545,708.351545,708.411545,708.951545,709.131545,709.521545,709.611545,709.851545,710.031545,710.331545,710.571545,711.021545,711.171545,711.261545,711.531545,712.311545,712.731545,712.881545,713.511545,714.231545,714.441545,714.681545],"words":["as","a","result","we","expect","to","have","on","hand","more","physical","him","and","tory","volume","verses","our","historical","trend","at","your","end"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[717.111545,717.951545,718.071545,718.431545,718.731545,718.821545,719.001545,719.361545,719.451545,719.781545,720.651545,720.831545,721.011545,721.131545,721.731545,722.331545,723.141545,723.291545,724.581545,724.791545,725.241545,726.141545,726.501545,726.801545,727.221545,727.521545,728.661545,728.841545,728.901545,729.381545,729.711545,731.241545,731.324258,731.661545,732.051545,732.171545,732.351545,732.381545,732.741545,733.101545,733.461545,734.391545,734.541545,734.931545,735.801545,735.921545,736.161545,736.251545,736.461545,737.631545,737.781545,737.961545,738.201545,739.191545,739.341545,739.581545,740.121545,740.661545,740.811545,743.091545,743.271545,743.451545,744.081545,744.291545,744.621545,745.101545,745.221545,745.521545,745.885852,746.503401,746.631545,746.721545,747.081545,748.161545,748.521545,749.151545,749.636379,749.751545,749.871545,750.951545,751.491545,751.701545,752.121545,752.181545,752.331545,752.571545,752.661545,752.991545,753.201545,753.681545,753.861545,754.191545,754.311545,754.821545,755.901545,756.081545,756.681545,758.541545,758.691545,759.201545,759.321545,759.591545,760.551545,760.701545,761.151545,761.241545,761.361545,761.637039,762.651545,762.831545,762.921545,763.491545,764.031545,764.451545,764.601545,765.111545,765.951545,766.131545,766.701545,766.971545,767.361545,767.451545,767.601545,768.501545,768.681545,769.281545,769.401545,769.941545,771.861545,772.011545,772.641545,772.863704,773.231921,773.841545,773.961545,774.051545,774.321545,775.041545,775.161545,775.281545,775.581545,776.541545,776.811545,777.201545,777.692517,777.891545,778.131545,779.001545,779.121545,779.271545,779.691545,779.761741,780.261545,780.861545,781.431545,781.521545,781.701545,782.061545,782.151545,782.481545,783.561545,783.741545,783.891545,784.041545,784.521545,784.671545,785.181545,785.721545,785.811545,786.351545,786.771545,788.151545,788.331545,788.781545,789.411545,789.531545,790.161545,790.881545,791.031545,791.271545,791.331545],"words":["certainly","the","second","half","of","two","thousand","and","twenty","one","has","been","an","extremely","challenging","time","to","operate","with","material","shortages","global","should","supply","chain","disruptions","and","the","changing","labour","dynamics","the","global","teams","have","done","a","great","job","working","together","to","manage","through","the","day","to","day","disruptions","to","meet","order","commitments","and","keep","construction","projects","on","track","we","do","expect","are","gross","margins","to","make","remain","compressed","for","the","short","term","price","increases","continue","to","be","implemented","however","we","believe","it","will","take","a","couple","more","quarters","for","price","to","overcome","inflation","and","stabilized","margins","the","impacts","on","gross","margin","are","expected","to","me","more","unfavorable","on","the","fcc","segment","versus","the","spm","segment","as","approximately","two","thirds","of","our","inflation","is","impacting","are","fcc","segment","we","forecast","as","cnn","expenses","for","the","four","year","to","be","down","approximately","eight","million","dollars","year","over","year","and","we","expect","a","further","favorable","impact","in","two","thousand","and","twenty","two","and","this","will","continue","to","partially","offset","the","temporary","margin","compression","our","expense","management","and","restructuring","programs","are","ahead","of","schedule"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[792.741545,792.921545,793.341545,793.491545,794.331545,794.631545,794.876687,794.991545,795.231545,795.441545,795.741545,795.861545,796.311545,796.401545,796.761545,797.301545,797.541545,798.021545,798.171545,798.291545,798.471545,798.591545,798.681545,798.951545,799.881545,800.481545,800.781545,800.931545,802.071545,802.251545,802.401545,802.491545,802.881545,803.241545],"words":["we","currently","have","approximately","four","hundred","and","eighty","two","million","of","cash","and","cash","equivalents","on","hand","at","the","end","of","the","third","quarter","slightly","lower","than","forecast","as","we","are","holding","higher","inventory"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[805.041545,805.221545,806.481545,806.661545,806.751545,807.201545,807.351545,807.441545,808.281545,808.431545,808.731545,808.851545,809.421545,809.541545,810.291545,810.441545,810.711545,810.777288,811.221545,811.671545,811.821545,813.111545,813.321545,813.771545,814.101545,814.371545,814.941545,815.061545,815.211545,815.301545,815.661545,815.841545,815.991545,816.471545,816.861545,817.126287,817.761545,818.271545,818.391545,818.751545,819.051545,820.221545,820.431545,820.731545,821.061545,821.631545,821.871545,822.441545,822.851907,823.071545],"words":["in","closing","we","are","pleased","with","our","progress","and","although","the","environment","is","challenging","on","both","the","supply","side","and","logistics","we","expect","quarter","for","revenues","to","be","in","line","with","our","regular","season","our","the","following","our","quarter","three","results","with","higher","price","capturing","que","four","versus","que","three"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[824.811545,824.961545,825.321545,825.681545,825.951545,826.431545,826.551545,826.971545,827.631545,828.381545,828.561545,829.281545,829.431545,829.821545,830.391545,831.321545,831.621545,831.711545,831.831545,832.221545,832.311545,832.731545,832.851545,833.571545,834.066824,834.214919,834.261545],"words":["are","strong","balance","sheet","continues","to","provide","significant","flexibility","and","opportunity","to","deliver","shareholder","value","whether","it","be","return","of","capital","to","shareholders","emanate","or","a","combination"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[835.881545,836.151545,836.271545,836.571545,836.751545,836.841545,837.561545,837.711545,838.131545,838.251545,839.031545,839.181545,839.511545,839.571545,839.991545,840.059822,840.706213,841.011545,842.241545,842.511545,842.661545,843.141545,843.628152,844.341545,845.151545,845.301545,845.751545,845.931545],"words":["during","the","year","we","have","accelerated","our","efforts","to","identify","and","broaden","the","scope","of","potential","many","opportunities","which","will","provide","increase","capability","scale","and","leverage","for","organization"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[848.481545,848.601545,848.751545,849.051545,849.291545,849.381545,849.681545,849.921545,850.041545,850.701545,854.811545,855.081545,856.131545,856.491545,856.851545,857.241545,857.481545,857.691545,857.751545,858.201545,858.684036,860.151545,860.361545,861.081545,861.471545,861.831545,862.161545,862.551545,863.241545,863.511545,864.171545,865.461545,865.731545,866.001545,866.331545,866.421545,866.661545,866.781545,867.201545,868.041545,868.221545,868.401545,868.761545,869.421545,869.601545,869.751545,870.231545,870.471545,870.621545,870.981545,871.371545,872.511545,872.725032,873.291545,873.921545,874.071545,874.941545,875.091545,875.241545,875.391545,875.451545,875.541545,876.711545,877.461545,877.791545,878.091545,878.601545,878.841545,878.931545,879.201545,879.321545,879.470549,880.071545,880.311545,880.881545,881.991545,882.171545,882.711545,882.921545,882.981545,883.131545,883.341545,883.491545,884.091545,884.211545,884.331545,884.871545,886.281545,887.001545,887.151545,887.241545,887.571545,888.171545,888.411545,889.251545,889.851545,890.661545,890.871545,891.651545,892.431545,892.610872,893.391545,895.581545,895.851545,895.971545,896.241545,896.511545,896.751545,896.961545,897.051545,897.531545,897.741545,898.191545,898.311545,898.401545,898.941545,899.901545,900.081545,900.171545,900.771545,901.311545,901.521545,902.091545,902.241545,902.571545,902.983752,903.173713,903.951545,904.161545,904.251545,904.611545,904.911545,905.631545,908.211545,908.331545,908.601545,908.751545,908.811545,909.171545,909.321545,909.471545,909.591545,909.861545,909.951545,910.581545,910.761545,910.941545,911.901545,912.173801,912.291545,912.801545,913.731545,913.881545,914.031545,914.151545,914.511545,914.811545,915.010413,915.201545,915.411545,915.861545,916.011545,916.521545],"words":["i","will","now","turn","it","back","over","to","simon","simon","thanks","craig","twenty","twenty","one","has","been","a","truly","dynamic","gear","our","operating","plan","assume","both","cost","inflation","and","productivity","improvements","i'm","very","pleased","to","say","that","between","productivity","and","as","dna","reductions","we","will","realize","more","than","twenty","million","improvements","in","operating","expense","and","efficiency","by","the","end","of","the","year","consequently","had","cost","inflation","been","in","line","with","our","budget","or","historical","gnomes","our","results","would","have","been","well","in","excess","of","are","operating","plan","unfortunately","in","the","short","term","these","unprecedented","increasing","costs","have","negatively","impacted","are","consolidated","results","although","we","feel","very","good","about","the","progress","we're","seeing","in","the","underlying","business","we","have","naturally","switched","our","focus","to","address","margin","through","price","and","to","drive","further","productivity","improvements","i","also","want","to","know","that","we","are","ahead","of","schedule","on","the","exit","from","my","cambridge","facilitates","and","we","have","stood","up","and","new","head","office","in","alpharetta","ga"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[917.931545,918.220413,918.411545,918.801545,918.891545,919.041545,919.371545,919.611545,919.761545,919.971545,920.571545,920.631545,921.291545,922.071545,922.251545,922.461545,923.451545,923.601545,923.721545,923.871545,924.141545,924.291545,925.341545,925.551545,925.881545,926.421545,926.751545,927.081545],"words":["and","new","state","of","the","are","r","and","the","facility","in","wilmington","mass","is","under","construction","and","will","be","ready","for","occupancy","and","que","one","twenty","twenty","two"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[928.881545,929.001545,929.661545,929.751545,929.8455,930.381545,930.921545,931.101545,931.641545,931.821545,932.301545,932.36512,933.141545,933.321545,933.651545,933.801545,933.891545,934.131545,934.221545,934.318518,934.641545,935.001545,935.511545,935.721545,935.781545,936.321545,936.471545,936.891545,937.431545],"words":["the","execution","of","our","strategic","priorities","to","date","has","improved","a","business","and","coupled","with","the","use","of","are","strong","balance","sheet","we","are","committed","to","deliver","shareholder","value"]},{"endIndex":null,"speaker":"spk_0","startIndex":null,"start_times":[938.961545,939.201545,939.291545,939.411545,939.771545,939.878948,940.491545,940.641545,940.731545,940.911545,941.211545,941.331545,941.811545,942.051545,946.161545,946.371545,946.491545,946.731545,947.241545,947.361545,947.931545,948.141545,948.411545,949.311545,949.491545,949.551545,950.331545,950.541545,950.901545,951.381545,951.471545,951.651545,952.052415,952.491545,952.701545,953.061545,953.181545,953.331545,953.661545,954.771545,955.011545,955.431545,955.491545,955.911545,956.211545,956.451545,956.661545,956.811545,956.931545,957.471545,957.801545,958.131545,958.251545,959.301545,959.451545,959.601545,959.721545,959.901545,960.171545,960.441545,960.561545,961.191545,961.431545,961.851545,962.485325,962.706956,963.651545,963.861545,964.011545,964.371545,964.491545,964.611545,964.881545,965.661545,965.841545,966.381545,966.681545],"words":["thank","you","for","joining","a","call","and","we","look","forward","to","taking","any","questions","we","will","now","begin","to","question","and","answer","session","as","a","reminder","to","ask","questions","you","may","press","star","than","one","on","your","touched","answer","you're","using","a","speaker","phone","please","pick","up","your","handset","before","pressing","the","keys","if","you","would","like","to","try","your","question","please","press","start","than","to","at","this","time","we","will","cause","momentarily","to","assemble","our","roster"]},{"endIndex":null,"speaker":"spk_4","startIndex":null,"start_times":[970.371545,970.731545,971.031545,971.571545,971.931545,972.351545,972.681545,973.221545,973.491545,973.551545,974.151545,974.661545,975.141545,975.411545],"words":["case","first","question","comes","from","mike","harrison","with","a","seaport","research","partners","please","proceed"]},{"endIndex":null,"speaker":"spk_5","startIndex":null,"start_times":[977.481545,977.751545,977.931545],"words":["hi","good","morning"]},{"endIndex":null,"speaker":"spk_6","startIndex":null,"start_times":[979.761545,979.941545,980.241545,981.591545,982.161545,982.401545,982.791545,982.971545,983.121545,983.361545,983.691545,984.141545,984.651545,985.341545,985.881545,986.045989,986.438743,986.596243,986.751545,987.321545,987.921545,988.281545,988.821545,989.121545],"words":["good","morning","mike","i","was","wondering","if","you","could","talk","first","about","the","volume","in","past","that","you","saw","related","to","supply","chain","disruption"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[990.801545,991.011545,991.521545,992.541545,992.781545,992.991545,993.591545,994.041545,994.706467,995.361545,996.111545,996.284602,996.441545,996.802249,998.121545,998.451545,998.631545,998.931545,999.141545,999.201545,999.531545,999.801545,1000.131545,1000.551545,1000.671545,1001.571545,1002.111545,1002.501545,1003.731545,1004.061545,1004.331545,1004.511545,1004.601545,1004.691545,1005.081545,1005.387991,1005.591545,1005.951545,1006.101545,1006.281545,1006.611545,1006.761545,1007.182043,1007.361545,1007.691545,1007.901545,1008.88384,1009.161545,1010.061545,1012.521545,1012.911545,1013.181545,1013.481545,1013.661545,1013.721545,1013.931545,1014.471545,1014.62717,1014.861545,1015.161545,1016.061545,1016.661545,1016.952698,1017.471545,1018.131545,1018.341545,1019.511545,1020.171545,1020.381545,1020.441545,1020.801545,1021.161545,1021.731545,1022.301545,1022.601545,1022.871545,1023.111545,1023.171545,1023.771545,1024.521545,1024.701545,1024.791545,1025.421545,1026.261545,1026.801545,1027.041545,1028.091545,1028.211545,1028.571545,1028.691545,1029.291545,1029.681545,1030.551545,1031.001545,1032.081545,1032.951545,1033.521545,1034.451545,1035.141545,1035.261545,1035.771545,1035.857385,1036.431545,1036.581545,1036.761545,1036.911545,1037.061545,1038.681545,1039.385989,1039.611545,1040.541545,1040.901545,1041.561545,1041.681545,1042.071545,1042.611545,1042.701545,1042.761545,1043.301545,1043.781545,1043.991545,1044.111545,1044.531545,1045.461545,1046.001545,1047.171545,1048.161545,1048.401545,1048.821545,1049.391545,1049.661545,1049.871545,1050.231545,1050.351545,1050.681545,1051.581545,1052.001545,1052.121545,1052.391545,1052.541545,1053.291545,1053.471545,1053.531545,1054.671545,1054.881545,1055.151545,1055.241545,1055.421545,1055.691545,1055.811545,1056.861545,1057.120266,1057.551545,1057.821545,1058.811545,1059.141545,1059.831545,1060.010374,1060.911545,1061.481545,1061.789192,1062.411545,1062.561545,1062.741545,1064.241545,1064.751545,1065.111545,1065.471545,1066.101545,1066.311545,1067.001545,1067.181545],"words":["raw","material","availability","and","and","mayberry","maybe","that","labor","shortages","are","or","labour","availability","ah","and","maybe","can","of","course","that","out","between","the","fcc","segment","and","spm","i","guess","that","of","the","question","is","how","much","how","much","higher","could","volumes","had","bad","this","nosferatu","these","disruption","impacts","micah","i","think","it's","a","good","question","that","it's","not","something","we","have","formally","capture","or","calculate","am","but","i","can","tell","you","and","be","it","from","a","production","standpoint","with","the","inability","to","get","raw","materials","are","having","to","switch","to","alternate","rome","aerials","am","with","the","challenges","of","getting","the","labour","in","some","of","our","facilities","the","an","inability","at","times","to","source","materials","in","a","timely","manner","that","it's","coming","across","an","ocean","and","we've","also","seen","as","we've","tried","to","ship","products","at","a","lack","of","trucks","that","are","available","and","so","i","would","tell","you","might","those","supply","chain","disruptions","have","impacted","our","volumes","in","every","geography","that","we","operate","these","these","aren't","limited","or","different","on","a"]},{"endIndex":null,"speaker":"spk_6","startIndex":null,"start_times":[1067.241545,1067.461829,1067.691545,1068.831545,1069.071545,1069.701545,1070.241545,1070.991545,1071.351545,1071.501545,1072.131545,1072.341545,1072.431545,1073.001545],"words":["sli","by","geography","and","has","equally","impacted","both","the","spm","and","the","scc","segment"]},{"endIndex":null,"speaker":"spk_0","startIndex":null,"start_times":[1076.631545,1077.021545,1077.21637,1077.500696,1077.771545,1078.941545,1079.271545,1079.751545,1080.201545,1081.011545],"words":["i","am","then","on","the","have","plants","vs","cost","front"]},{"endIndex":null,"speaker":"spk_6","startIndex":null,"start_times":[1082.721545,1083.021545,1083.291545,1083.621545,1084.011545,1084.431545,1084.641545,1084.851545,1085.061545,1085.571545,1085.751545,1085.871545,1086.111545,1086.321545],"words":["maybe","just","talk","about","how","you","see","that","trending","over","the","next","few","quarters"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[1087.941545,1088.181545,1088.541545,1089.141545,1089.235266,1089.651545,1089.741545,1090.011545,1090.431545,1090.941545,1091.211545,1092.081545,1092.651545,1092.831545,1092.981545,1093.821545,1094.241545,1094.301545,1094.511545,1094.721545,1095.051545,1098.351545,1098.621545,1099.071545,1099.551545,1100.301545,1100.481545,1100.601545,1100.661545,1100.841545,1101.119104,1101.291545,1101.501545,1102.041545,1102.311545,1102.497288],"words":["any","thoughts","and","to","expect","to","see","peak","margin","had","wins","and","when","we","might","expect","to","see","some","margin","recovery","yeah","michael","craig","amp","i'm","going","to","give","yellow","bit","more","detail","here","to","stuff"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[1104.111545,1104.274319,1104.471545,1104.561545,1105.032346,1105.851545,1106.160159,1106.391545,1106.841545,1107.021545,1107.771545,1107.921545,1108.221545,1108.521545,1108.791545,1109.271545,1109.601545,1110.051545,1110.501545,1110.664202,1111.071545,1112.091545,1112.241545,1112.331545],"words":["or","on","the","numbers","so","of","we","generally","had","about","a","twenty","five","million","dollars","worth","of","free","raw","material","inflation","in","the","quarter"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[1114.881545,1115.331545,1115.481545,1116.021545,1116.291545,1116.801545,1116.951545,1117.941545,1118.301545,1118.691545,1119.921545,1120.251545,1120.581545,1121.001545,1121.241545,1121.601545],"words":["we","are","mitigated","about","half","of","that","through","price","productivity","and","are","esa","es","una","efforts"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[1123.491545,1123.641545,1123.761545,1123.941545,1124.151545,1124.241545,1124.301545,1124.751545,1125.621545,1126.011545,1126.131545,1126.251545,1126.341545,1126.581545,1126.851545,1127.091545,1128.021545,1128.411545,1128.651545,1128.771545,1129.161545],"words":["and","you'll","see","that","in","the","margin","basically","have","you","not","you","just","use","those","numbers","of","that's","the","margin","drop"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[1130.451545,1131.201545,1131.381545,1131.801545,1132.281545,1132.401545,1132.941545,1133.031545,1133.121545,1133.361545,1134.381545,1135.011545,1135.341545,1136.211545,1136.301545,1136.511545,1136.601545,1137.111545,1137.231545,1137.351545,1137.419924,1137.561545,1137.831545,1137.921545,1138.731545,1138.816448,1139.391545,1139.541545,1139.601545,1139.721545,1139.991545,1140.081545,1140.711545,1140.921545,1141.101545,1141.221545,1141.281545,1141.461545,1141.491545,1141.671545,1141.761545,1141.971545,1142.991545,1143.291545,1143.471545,1143.831545,1143.951545,1144.131428,1144.341545,1144.401545,1144.581545,1144.761545,1145.305647,1145.450549,1145.541135,1145.751545,1146.681545,1147.401545,1147.791545,1147.881545,1148.001545,1148.331545,1149.471545,1149.681545,1149.801545,1149.921545,1150.131545,1150.191545,1150.551545,1151.271545,1151.511545,1152.291545,1154.181545,1154.361545,1154.841545,1155.051545,1155.141545,1155.261545,1155.384006,1155.951545,1156.881545,1157.061545,1157.271545,1157.631545,1158.681545,1158.801545,1158.921545,1159.161545,1159.521545,1159.761545,1160.091545,1160.211545,1160.391545,1160.601545,1161.291545,1161.441545,1161.741545,1161.831545,1162.461545,1162.611545,1162.701545,1163.631545,1164.081545,1164.651545,1164.831545,1164.861545,1165.521545,1165.639436,1165.971545,1166.571545,1166.691545,1167.051545,1167.321545,1168.251545,1168.431545,1168.761545,1169.121545,1169.211545,1169.631545,1169.751545,1169.871545,1170.021545,1170.081545,1170.381545,1172.481545,1173.081545,1173.351545,1173.471545,1173.771545,1174.018167,1174.221545,1174.311545,1174.431545,1174.794241,1174.881545,1175.121545,1175.301545,1175.841545,1176.081545,1176.201545,1176.377385,1176.501545,1176.951545,1177.101545,1178.031545,1178.271545,1178.301545,1178.961545],"words":["unfortunately","we","expect","that","to","continue","in","the","queue","for","so","really","sequentially","i","think","the","margins","are","going","to","be","about","the","same","the","inflation's","going","to","be","about","the","same","we","are","going","to","get","a","little","bit","more","price","so","we're","working","to","do","have","a","little","more","favorable","wind","to","queue","for","honestly","most","of","it's","around","fcc","that's","where","we","got","the","challah","just","on","fcc","normally","in","history","we've","been","oh","the","formulate","around","and","use","different","materials","you","know","one","material","goes","up","and","other","ones","neutralize","we","change","it","out","and","we","formulate","and","unfortunately","with","a","tsunami","of","price","increases","and","supply","chain","disruptions","you","can't","get","the","product","that","you","want","to","switch","into","properly","or","the","phrase","gone","up","where","the","cost","has","gone","up","so","that's","where","we've","been","challenged","on","fcc","that","a","temporary","issue"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[1180.161545,1180.281545,1180.641545,1181.241545,1181.511545,1182.021545,1182.141545],"words":["our","business","models","really","strong","and","formulation"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[1183.911545,1184.121545,1184.301545,1184.511545,1184.661545,1185.051545,1185.741545,1185.981545,1186.131545,1186.251545,1186.701545,1187.121545,1187.241545,1187.451545,1187.691545,1187.931545,1188.171545,1188.441545,1188.711545,1188.891545,1189.071545,1189.311545,1189.461545,1189.821545,1190.601545,1190.775159,1190.991545,1191.201545,1191.351545,1192.011545,1192.311545,1192.521545,1192.671545,1192.851545,1193.331545,1193.541545,1194.111545,1194.291545,1194.441545,1194.771545,1195.011545,1195.311545,1195.400139,1195.641545,1195.911545,1196.391545,1197.501545,1197.831545,1197.891545,1198.131545,1198.311545,1198.381799,1199.001545,1199.151545,1199.241545,1199.871545,1200.171545,1200.321545,1200.441545,1200.621545,1200.681545,1200.771545,1200.951545,1201.101545,1202.091545,1202.361545,1202.631545,1202.811545,1202.931545,1203.231545,1203.351545,1203.741545,1204.041545,1204.191545,1204.671545,1204.791545,1206.021545,1206.163694,1206.381545,1206.711545,1206.951545,1207.221545,1207.281545,1207.521545,1207.731545,1208.211545,1208.421545,1209.081545,1209.891545,1210.581545,1211.121545,1211.691545,1212.921545,1213.251545,1213.731545,1214.211545,1214.331545,1214.481252,1215.381545,1215.771545,1215.981545,1216.281545,1216.881545,1217.271545,1217.751545,1218.381545,1219.341545,1219.755979,1220.091545,1220.991545,1221.231545,1221.741545,1221.891545,1222.581545,1222.791545,1222.881545,1223.871545,1224.429048,1225.059048,1225.869048,1226.559048,1227.009048,1227.159048,1227.549048,1227.729048,1227.789048,1228.089048,1229.019048,1229.199048,1229.829048,1230.279048,1230.373389,1230.639048,1230.789048,1231.089048,1231.479048,1232.889048,1233.159048,1233.309048,1233.819048,1233.999048,1234.359048,1234.989048,1236.279048,1236.819048,1237.119048,1237.509048,1238.439048,1238.739048,1239.039048,1239.189048,1239.279048,1239.549048,1239.729048,1239.969048,1240.629048,1241.019048,1241.349048,1242.009048,1242.099048,1242.549048,1242.609048,1243.509048,1243.689048,1244.020859,1244.199048],"words":["and","where","we've","been","hampered","there","that's","why","the","fcc","margins","of","come","down","more","than","that","we","we","would","like","them","to","obviously","and","and","more","than","historical","even","when","we've","had","inflation","like","this","so","we're","working","through","that","and","once","this","obliging","disruptions","ease","a","little","bit","in","stabilize","over","the","next","probably","by","the","end","of","the","year","we're","hoping","into","next","year","will","start","to","grab","act","those","margins","and","fcc","and","and","just","took","took","a","little","bit","about","our","spm","segment","actually","for","our","waterproofing","building","envelope","business","and","are","fireproof","business","think","these","are","job","driven","contract","driven","and","that","consequently","your","pricing","is","specific","to","a","job","and","generally","and","our","peers","would","be","in","the","same","situation","you're","looking","at","a","three","to","four","months","drag","on","the","ability","to","move","price","specific","to","the","next","job","having","said","all","of","that","we","did","announce","global","price","increases","the","beginning","of","october","for","iris","be","embers"]},{"endIndex":null,"speaker":"spk_6","startIndex":null,"start_times":[1244.589048,1244.889048,1245.069048,1245.369048,1245.519048,1245.609048,1245.939048,1246.089048,1246.599048,1247.079048,1247.259048,1251.369048,1251.738384,1251.969048,1252.321953,1253.109048,1253.319048,1253.439048,1253.829048,1253.949048,1254.129048,1254.28624,1254.549048,1255.089048,1255.839048,1256.120177],"words":["this","and","we","will","be","doing","the","same","again","in","january","eyes","and","then","not","as","it","relates","to","the","us","june","a","line","of","those"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[1257.279048,1257.751797,1258.029048,1258.119048,1258.239048,1258.565931,1258.869048,1258.899048,1259.109048,1260.429048,1260.579048,1261.329048,1261.749048,1262.469048,1262.919048,1263.189048,1263.699048,1263.879048,1263.939048,1264.209048,1264.576207,1265.229048,1265.379048,1265.799048,1265.889048,1265.949048,1266.249048,1266.579048,1266.789048,1267.209048,1267.329048,1267.479048,1267.719048,1267.809048,1267.869048,1268.739048,1268.949048,1269.009048,1269.279048,1269.339048,1269.489048,1269.549048,1269.939048,1270.329048,1270.569048,1270.809048,1270.869048,1271.049048,1271.197488,1271.439048,1271.529048,1272.129048,1272.262964,1273.449048,1273.989048,1274.199048,1274.619048,1274.739048,1274.829048,1275.009048,1275.129048,1275.579048,1275.699048,1275.939048,1276.209048,1276.476913,1276.719048,1277.112659,1277.229048],"words":["cost","appear","to","be","down","quite","a","bit","sequentially","you","mention","the","restructuring","actions","they've","taken","but","i","think","also","the","you","mentioned","in","the","press","release","some","changes","in","had","set","of","a","cool","so","i","wanted","to","get","a","sense","of","how","much","of","that","has","seen","a","reduction","in","sustainable","and","what","portion","of","it","might","be","related","to","some","to","up","of","saw","the","coup"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[1277.439048],"words":["rules"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[1279.689048,1280.085328,1280.349048,1280.469048,1281.489048,1281.609048,1281.999048,1282.269048,1282.449048,1282.689048,1283.169048,1283.211715,1284.099048,1284.459048,1284.69707,1285.179048,1285.359048,1286.319048,1286.589048,1286.799048,1286.919048,1287.039048,1287.489048,1287.669048,1287.849048,1288.599048,1289.139048,1290.219048,1290.729048,1290.939048,1291.119048,1291.329048,1292.199048,1292.319048,1292.619048,1293.069048,1293.249048,1293.459048,1293.639048,1294.269048,1294.749048,1295.169048,1295.229048,1295.529048,1295.649048,1295.919048,1297.013279,1298.319048,1298.589048,1298.739048,1298.889048,1299.369048,1300.059048,1300.149048,1300.269048,1300.419048,1300.599048,1300.689048,1301.319048,1302.039048,1302.159048,1302.309048,1302.429048,1302.766108,1303.119048,1303.393281,1303.599048,1303.743687,1303.839048,1304.199048,1304.439048,1304.619048,1305.395034,1306.059048,1306.959048,1307.049048,1307.319048,1307.919048,1308.069048,1308.369048,1308.91019,1309.119048,1310.259048,1310.499048,1310.769048,1310.949048,1311.189048,1311.579048,1312.389048,1312.689048,1312.869048,1313.169048,1313.559048,1314.309048,1314.519048,1314.669048,1314.939048,1315.179048,1315.479048,1316.049048,1316.709048,1316.829048,1318.029048,1318.389048,1318.929048,1319.199048,1319.289048,1319.379048,1319.859048,1320.759048,1320.969048,1321.239048,1321.449048,1321.569048,1321.749048,1321.959048,1322.829048,1323.129048,1323.339048,1323.609048,1323.789048,1324.419048,1324.659048,1324.749048,1325.229048],"words":["yeah","some","is","definitely","a","drop","of","have","some","incentive","a","cruel","listen","it's","sustainable","we","accelerated","as","some","of","our","moves","on","our","operating","expense","reduction","so","if","it","is","sustainable","i","think","it","you","won't","get","any","further","left","i","think","in","queue","for","honestly","because","we","are","starting","to","you","know","we've","got","the","atlanta","office","or","that","we're","now","can","work","that's","what","we're","speaking","from","right","now","honestly","so","i","think","we're","we're","probably","flattened","queue","for","with","any","with","no","further","uplift","but","we","will","roll","over","at","we","haven't","even","got","fully","michael","the","benefit","of","them","all","of","the","cambridge","ran","for","next","year","will","get","that","benefit","after","that","certainly","more","expensive","than","the","atlanta","read"]},{"endIndex":null,"speaker":"spk_6","startIndex":null,"start_times":[1326.579048,1327.063779,1327.346707,1327.60353,1327.989048,1328.079048,1328.889048,1329.039048,1329.219048,1329.279048,1330.209048,1330.509048,1330.569048,1330.840432,1330.929048,1331.319048,1331.499048,1331.859048,1331.949048,1332.009048,1332.339048,1332.669048,1332.879048,1333.059048,1333.498149,1334.529048,1334.919048,1335.039048,1335.399048,1335.519048,1335.639048,1335.879048,1336.089048,1336.389048,1336.569048,1336.659048,1336.779048,1336.929048,1336.989048,1337.079048,1337.679048,1337.889048,1338.009048,1338.789048,1339.149048,1339.719048,1340.04759,1340.139048,1340.379048,1340.799048,1341.639048,1342.569048,1342.839048,1343.289048,1343.649048,1343.919048,1344.039048,1344.309048,1344.429048,1344.759048,1345.479048,1345.809048,1345.929048,1346.079048,1346.259048,1346.349048,1346.589048,1346.919048,1347.669048,1349.079048,1349.379048,1349.889048,1350.099048,1350.219048,1350.489048,1350.699048,1350.827163,1351.089048,1351.659048,1351.899048,1352.109048,1352.289048,1352.379048,1352.559048,1353.369048,1353.819048,1353.969048,1354.269048,1354.479048,1354.599048,1354.779048],"words":["including","yard","deeper","somebody","and","wilmington","will","get","the","benefit","of","a","number","of","actions","we've","taken","in","the","second","half","year","with","reduction","headcount","during","the","year","by","the","time","we","end","up","at","the","end","of","the","year","will","be","down","in","and","pop","one","hundred","head","else","proximity","which","will","roll","over","and","help","us","next","year","even","if","we","have","to","put","back","some","incentive","next","year","as","we","roll","through","the","year","so","will","be","will","be","net","positive","and","were","looking","good","on","those","programs"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[1357.839048,1358.139048,1358.319048,1358.469048,1358.739048,1359.129048,1359.309048,1359.789048,1360.179048,1360.449048,1360.569048,1360.899048,1361.459175,1361.829048,1361.949048,1362.069048,1362.219048,1362.489048,1362.729048,1363.269048,1363.719048,1363.809048,1363.959048,1365.279048,1365.399048,1365.699048,1365.849048,1366.209048,1366.569048,1366.749048,1366.839048,1367.049048,1367.18793,1367.559048,1367.649048,1367.889048,1368.039048,1368.219048,1368.819048,1369.659048,1370.379048,1370.529048,1370.769048,1370.979048,1371.279048,1371.459048,1371.609048,1372.089399,1372.423208,1373.019048,1373.201245,1373.409048,1373.589048,1373.799048,1374.22167,1374.519048,1374.789048,1374.909048,1375.689048,1376.169048,1376.349048,1376.409048,1376.619048,1376.709048,1376.769048,1377.219048],"words":["i","know","my","last","question","for","now","lot","has","to","do","with","some","of","the","you","need","about","reducing","sales","and","to","china","to","limit","your","credit","risk","can","you","give","us","saw","a","little","bit","more","detail","on","ah","i","guess","how","your","are","your","viewing","now","risks","or","with","him","and","barmy","given","some","of","the","issues","that","have","been","in","the","headlines","reason"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[1379.049048,1379.349048,1379.739048,1380.129048,1380.459048,1380.609048,1381.119048,1381.389048,1381.719048,1381.869048,1382.169048,1382.319048,1382.379048,1382.679048,1383.009048,1383.309048,1383.489048,1383.789048,1383.969048,1385.019048,1385.139048,1385.229048,1385.649048,1385.949048,1386.009048,1386.219048,1386.408936,1386.699048,1387.149048,1387.269048,1387.419048,1387.929048,1388.379048,1388.589048,1388.979048,1389.909048,1390.089048,1390.329048,1390.539048,1390.629048,1390.749048,1390.809048,1391.109048,1391.229048,1391.649048,1392.039048,1392.219048,1392.372095,1392.549048,1392.769741,1393.293862,1393.449048,1393.599048,1393.779048,1393.839048,1394.169048,1394.379048,1394.589048,1394.649048,1394.949048,1395.039048,1395.849048,1396.689048,1397.439048,1397.632539,1397.829048,1397.979048,1398.279048,1398.339048],"words":["yeah","of","payment","terms","in","china","for","most","of","those","on","the","phone","probably","know","it","it's","it's","almost","you","know","between","half","a","year","to","year","depending","on","what","customer","you're","you're","working","with","we're","just","kind","of","in","the","middle","of","that","so","i","will","get","into","detail","so","we're","kind","of","split","right","down","the","middle","of","that","i'm","terms","i'm","so","we","thought","it","more"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[1398.639048,1399.089048,1399.299048,1399.449048,1399.599048,1399.959048,1400.289048,1400.559048,1400.709048,1400.859048,1401.009048,1401.609048,1401.729048,1402.029048,1402.239048,1402.419048,1402.689048,1403.049048,1403.739048,1404.279048,1404.729048,1405.083511,1405.839048,1405.989048,1406.229048,1406.799048,1407.009048,1407.219048,1407.402168,1407.999048,1408.359048,1408.869048,1408.989048,1409.709048,1410.669048,1411.059048,1411.269048,1411.539048,1411.689048],"words":["prudent","with","all","the","issues","going","on","we","have","some","developers","we","sell","to","there's","one","that's","a","fairly","into","that","situation","you","read","about","and","so","we","restricted","anymore","volumes","to","that","developer","until","we","get","some","payment"]},{"endIndex":null,"speaker":"spk_7","startIndex":null,"start_times":[1413.189048,1413.369048,1413.549048,1413.669048,1414.089048,1414.329048,1414.629048,1415.409048,1415.529048,1415.739048,1415.829048,1415.859048,1416.039048,1416.309048,1416.639048,1416.729048,1416.819048,1417.269048,1417.359048,1417.599048,1418.529048,1418.709048,1418.829048,1419.219048,1419.489048,1419.549048,1419.789048,1419.969048,1420.24252,1420.569048,1421.319048,1421.439048,1421.589048,1421.709048,1422.039048,1422.789048,1422.969048,1423.209048,1423.959458,1424.113296,1424.229048,1424.469048,1424.709048,1424.949048,1425.909048,1426.179048,1426.329048,1426.569048,1426.780645,1426.869048,1427.229048,1427.499048,1427.589048,1428.369048,1428.549048,1428.909048,1429.509048,1429.659048,1429.839048,1429.989048,1430.049048,1430.199048],"words":["and","so","we","lost","about","three","million","to","three","and","a","half","million","dollars","where","the","revenue","and","que","three","and","will","probably","lose","a","little","bit","more","into","for","it","could","be","five","million","in","queue","for","on","a","year","over","year","rap","but","we","think","that's","the","prudent","thing","to","do","were","not","nervous","we're","not","going","to","get","paid"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[1431.549048,1431.759048,1431.939048,1432.119048,1432.509048,1433.469048,1433.559048,1434.039048,1434.129048,1434.189048,1434.459048,1434.549048,1434.789048,1435.089048,1435.179048,1435.239048,1435.629048,1435.749048,1436.019048,1436.199048,1436.349048,1436.589048,1436.949048,1437.194951,1437.639048,1437.729048,1437.999048,1438.209048,1438.539048,1438.749048,1438.869048,1439.139048,1439.339761,1439.529048,1439.889048,1440.069048,1440.342373,1440.492783,1441.119048,1441.269048,1441.479048,1442.139048,1442.709048,1442.829048,1443.399048,1443.549048,1443.729048,1444.029048,1445.139048,1445.259048,1445.559048,1445.679048,1445.829048,1446.645786,1447.059048,1447.179048,1447.389048,1448.469048,1448.649048,1448.803999,1448.949048,1449.048877,1449.369048,1450.269048,1450.419048,1450.479048,1450.719048,1451.379048,1451.679048,1451.739048,1452.009048,1452.249048],"words":["we've","got","some","other","i'm","a","customers","that","are","paying","is","very","well","and","were","selling","to","them","and","in","fact","sterling","boy","product","has","been","being","sold","their","and","we've","we've","really","increased","though","sale","when","china","but","that","particular","i'm","a","developer","were","just","holding","back","and","giving","up","some","volume","until","we","get","payments","so","when","give","you","further","updates","on","the","next","call","once","we","work","through","it"]},{"endIndex":null,"speaker":"spk_8","startIndex":null,"start_times":[1453.119048,1453.629048,1453.779048,1453.899048,1454.199048,1454.559048,1455.159048,1455.337085,1455.549048,1455.759048,1455.939048,1456.08707,1456.670049,1457.338179,1457.559048,1457.859048,1458.004829,1458.159048,1458.369048,1458.399048,1458.639048,1458.819048,1459.089048,1459.239048,1459.419048,1460.349048,1461.009048,1461.489048,1461.849048,1462.029048,1462.269048,1462.959048,1463.115391,1463.589048,1463.679048,1464.159048,1464.669048,1464.849048,1465.869048,1466.109048,1466.439048,1466.769048,1467.729048,1468.059048,1468.809048,1469.289048,1469.409048,1469.499048,1470.279048,1471.269048,1471.749048,1471.9623,1472.198579,1472.469048,1472.739048,1473.039048],"words":["that","is","that","answer","question","michael","with","let","me","as","it","does","that","that","maybe","i","i","give","a","bit","more","color","from","my","perspective","might","have","this","this","three","revenues","or","three","a","revenue","streams","in","china","at","selling","lloyd","business","our","fireproofing","business","and","i","waterproofing","business","and","with","same","year","over","year","growth"]},{"endIndex":null,"speaker":"spk_4","startIndex":null,"start_times":[1473.279048,1473.819048,1474.029048,1474.179048,1474.899546,1475.019048,1475.229048,1475.589048,1475.889048,1476.909048,1477.509048,1477.899048,1478.919048,1479.459048,1480.119048,1480.269048,1480.599048,1481.109575,1481.22811,1481.919048,1482.969048,1483.779048,1483.959048,1484.049048,1484.979048,1485.189048,1485.549048,1485.609048,1486.029048,1486.569048,1486.689048,1487.019048,1487.109048,1487.679048,1487.769048,1488.099048,1488.789048,1488.969048,1489.149048,1489.269048,1489.329048,1489.749048,1490.259048,1491.399048,1491.639048,1491.759048,1491.969048,1492.029048,1492.449048,1492.899048,1493.319048],"words":["roast","an","hour","fireproofing","and","as","telling","lloyd","business","and","this","particular","issue","impacts","are","building","envelope","are","waterproofing","business","and","and","i","think","we've","taken","a","strong","stance","in","terms","of","protecting","our","credit","risk","and","there","is","a","short","term","impact","to","i","read","the","news","but","i","am"]},{"endIndex":null,"speaker":"spk_9","startIndex":null,"start_times":[1493.499048,1493.859048,1493.919048,1494.279048],"words":["besides","the","short","term"]},{"endIndex":null,"speaker":"spk_0","startIndex":null,"start_times":[1497.729048,1497.939048,1498.269048,1498.509048,1498.719048,1498.959048,1499.439048,1499.649048,1499.979048,1500.219048,1500.339048,1500.459048,1500.669048,1500.879985,1500.999048,1501.239048,1501.809048,1502.079048,1502.349429,1502.473618,1502.588696,1502.889048,1503.279048,1503.700454,1503.939048],"words":["no","just","just","one","more","layer","of","blood","cell","and","as","the","has","to","deal","with","ah","thanks","for","and","much","alla","alternate","that's","enough"]},{"endIndex":null,"speaker":"spk_10","startIndex":null,"start_times":[1505.409048,1505.739048,1505.979048,1506.159048],"words":["thanks","my","eyes","michael"]},{"endIndex":null,"speaker":"spk_11","startIndex":null,"start_times":[1508.709048,1508.949048,1509.249048,1509.849048,1510.209048,1510.548599,1511.349048,1511.947642,1512.249048,1512.669048,1512.819048,1513.629048,1513.899048],"words":["our","next","question","comes","from","rosemarie","martelly","with","gabelli","and","company","please","proceed"]},{"endIndex":null,"speaker":"spk_10","startIndex":null,"start_times":[1515.279048,1515.519048,1515.701362,1515.873247,1516.119048,1516.269048,1516.564185,1517.949048,1518.093569,1518.429048,1518.519048,1518.579048,1518.819048],"words":["thank","you","that","name","is","laurie","one","good","morning","when","he","rose","me"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[1520.199048,1520.769048,1521.159048,1521.279048,1521.489048,1521.939048,1522.119048,1522.569048,1523.319048,1523.438052,1523.619048,1524.159048,1524.338579,1524.609048,1524.939048,1525.059048,1525.809048,1525.992446,1526.229048,1526.619048,1527.189048,1527.309839,1527.759048,1527.911392,1528.05436,1528.899048,1529.132954,1529.409048,1530.466519,1530.849048,1531.179048,1531.899048,1532.217944,1533.519048,1533.759048,1534.299048,1534.479048,1534.569048,1534.809048,1534.959048,1535.259048,1535.799048,1536.009048,1536.139888,1536.579048,1537.529409,1537.708999,1538.199048,1538.349048,1538.529048,1539.279048,1539.429048,1539.609048,1540.209048,1540.389048,1540.599048,1541.049048,1541.319048,1542.429048,1542.609048,1542.819048,1543.419048,1543.629048,1543.689048,1544.889048,1545.189048,1545.429048,1545.759048,1545.819048,1546.480366,1546.78564,1547.229048,1547.559048,1547.739048,1548.489048,1548.639048,1548.759048,1548.939048,1549.089048,1549.149048,1549.449048,1549.629048,1549.839048,1549.959048,1550.229048,1550.409048,1550.589048,1550.799048,1550.889048,1550.949048,1553.079048,1554.429048,1554.609048,1554.639048,1555.359048,1555.689048,1556.113237,1556.229048,1556.529048,1556.739048,1556.889048,1556.949048,1557.579048,1557.759048,1557.849048,1558.209048,1558.599048,1558.705688,1559.289048,1559.529048,1559.979048,1560.339048,1560.549048,1561.749048,1561.926646,1562.079048,1562.229048,1562.409048,1563.669048,1564.119048,1564.269048,1564.599048,1565.799048,1567.239048,1567.419048,1567.539048,1567.839048,1568.589048,1569.489048,1569.669048,1570.779048,1570.989048,1571.109048,1571.739048,1572.489048,1573.479048,1573.989048,1574.079048,1575.459048,1576.659048,1576.809048,1576.989048,1577.259048,1577.469048,1577.739048,1578.879048,1579.059048,1579.239048,1580.079048,1581.519048,1582.299048,1582.659048,1582.784937,1583.259048,1583.469048,1584.069048,1584.549048,1584.789048,1584.999048,1585.119048,1585.659048,1585.809048,1586.109048,1587.159048,1587.549048,1587.764409,1588.659048,1588.899048,1589.619048,1589.979048,1591.119048,1591.359048,1591.689048,1591.809048,1592.259048,1592.379048,1593.069048,1594.329048,1594.719048,1595.349048,1595.649048,1596.309048,1597.179048,1597.599048,1597.719048,1598.259048,1598.439048,1598.675679,1599.249048,1599.789048,1600.029048,1600.329048,1601.139048,1601.259048,1601.619048,1601.799048,1601.975591,1602.369048,1602.579048,1603.119048,1603.359048,1604.349048,1604.469048,1604.739048,1605.009048,1605.429048,1605.579048,1606.299048,1606.509048,1607.649048,1607.919048,1608.309048,1609.209048,1609.359048,1609.509048,1609.689048,1609.809048,1610.079048,1610.469048,1611.489048,1612.599048,1612.809048,1613.139048,1614.279048,1614.579048],"words":["summoning","think","i","was","wondering","is","super","dense","it","should","talk","could","talk","about","the","specific","and","my","kids","sit","the","twins","you","are","see","and","which","ones","are","being","affected","by","yeah","well","obviously","all","of","them","are","being","affected","by","the","sorted","says","be","affected","by","the","logistics","and","so","on","but","in","terms","of","demand","for","the","industry","of","a","long","have","you","seen","a","slowdown","deal","have","pent","up","demand","can","you","give","us","a","feel","for","what","is","going","on","out","there","in","the","marketplace","am","in","a","succinct","manner","rosemary","it's","probably","gonna","be","a","challenge","when","we","speak","about","the","segment","and","check","and","and","geography","but","but","i","would","say","broadly","we","sell","into","infrastructure","and","we","sell","into","commercial","new","construction","and","we","cells","into","residential","repair","and","remodel","am","i","would","say","we","are","positively","have","been","positively","surprised","and","by","the","commercial","new","construction","market","this","year","in","particular","in","north","america","and","that's","resulted","in","some","good","results","for","up","to","proofing","and","fireproofing","businesses","and","i'm","on","the","residential","repair","and","remodeled","with","see","nice","growth","year","over","year","i","think","as","we've","pointed","out","before","our","exposure","to","clean","north","america","to","residential","new","construction","is","quite","limited","and","that","would","have","been","the","strongest","segment","in","north","america","this","year"]},{"endIndex":null,"speaker":"spk_12","startIndex":null,"start_times":[1615.539048,1615.719048,1616.079048,1616.319048,1616.679048,1617.009048,1617.699048,1618.149048,1618.331685,1618.569048,1618.839048,1619.109048,1619.349048,1619.859048,1621.149048,1621.389048,1621.539048,1621.869048,1622.139048,1623.129048,1623.609048,1624.779048,1625.469048,1626.279048,1626.489048,1627.359048,1627.869048,1628.709048,1628.889048,1629.099048,1629.339048,1629.729048,1630.599048,1630.779048,1631.019048,1631.319048,1632.489048,1632.939048,1633.209048,1633.299048,1633.689048,1634.349048,1634.499048,1635.039048,1635.549048,1636.509048,1637.079048,1637.409048,1637.679048,1638.879048,1638.999048,1639.449048,1639.659048,1639.749048,1639.989048,1640.619048,1641.019595,1641.309048,1641.969048,1642.741782,1642.869048,1642.989048,1643.199048,1643.679048,1644.519048,1644.939048,1645.179048,1645.509048,1645.749048,1645.959048,1646.499048,1646.739048,1646.889048,1647.159048,1647.609048,1647.729048,1647.969048,1648.119048,1649.379048,1649.709048,1650.009048,1650.369048,1651.089048,1652.229048,1652.590513,1652.919048,1653.189048,1653.219048,1653.939048,1654.749048,1655.199048,1655.379048,1655.889048,1656.099048,1656.999048,1657.419048,1658.289048,1658.469048,1658.829048,1658.954438,1659.129048,1659.399048,1660.029048,1660.239048,1660.299048,1660.569048,1660.779048,1661.739048,1662.159048,1662.969048,1663.179048],"words":["and","then","that's","really","talking","specifically","about","s","p","m","as","be","in","business","for","our","petty","see","business","and","because","our","customers","are","essentially","cement","producers","and","ready","mix","concrete","produces","we","get","full","exposure","across","all","the","different","segments","and","samsung","of","residential","commercial","and","and","infrastructure","i","think","where","we","see","nice","growth","this","year","and","and","has","been","global","growth","and","that","could","have","been","better","had","we","had","access","to","more","raw","materials","has","been","our","infrastructure","business","and","dad","that's","a","segment","that","we'd","and","joyce","and","like","and","das","is","like","is","be","more","robust","over","the","next","three","years","than","residential","or","commercial"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[1665.759048,1665.966909,1666.359048,1666.599048,1667.319048,1667.469048,1667.679048,1669.599048,1669.809048,1670.169048,1670.349048,1670.559048],"words":["so","looking","at","the","at","the","infrastructure","how","much","do","you","think"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[1671.759048,1671.985513,1673.079048,1673.591509,1673.833003,1674.639048,1674.849048,1674.922759,1675.548599,1676.169048,1676.619048,1676.739048,1676.859048],"words":["you","have","lost","the","all","in","a","revenues","delayed","because","of","the","shortage"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[1678.899048,1679.289048,1679.829048,1679.979048,1680.669048,1681.119048,1681.419048,1681.689048,1682.109048,1682.139048,1682.349048,1682.529048,1682.979048,1683.169946,1683.489048,1683.579048,1683.939048,1684.179048,1684.359048,1684.689048,1684.989048,1685.109048,1685.229048,1685.679048,1685.769048,1685.949048,1686.336528,1686.432651,1686.819048,1687.289761,1687.869048,1688.079048,1688.319048,1688.469048,1688.769048,1688.889048,1689.099048,1689.279048,1689.639048,1690.299048,1691.409048,1691.829048,1692.009048,1692.399048,1692.549048,1692.639048,1692.879048,1693.869048,1693.989048,1694.289048,1694.559048,1694.709048,1695.099048,1695.189048,1695.789048,1696.179048,1696.749048,1697.799048,1698.549048],"words":["well","rosemary","let","me","i'm","i","use","math","a","little","bit","more","than","probably","i","should","but","this","week","that","as","the","beginning","of","your","members","the","beginning","of","three","we","said","we","thought","we","see","up","about","sixty","percent","right","in","revenue","for","the","four","year","i","think","now","we're","looking","at","around","five","percent","approximately","between","and"]},{"endIndex":null,"speaker":"spk_7","startIndex":null,"start_times":[1698.669048,1698.969048,1699.449048,1699.719048,1700.769048,1701.009048,1701.129048,1701.249048,1701.309048,1701.509204,1701.669048],"words":["five","percent","as","reporters","right","i'm","going","to","day","as","reporters"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[1703.319048,1703.649048,1703.949048,1704.129048,1704.279048,1704.549048,1704.849048,1705.419048,1705.569048,1705.719048,1706.169048,1707.549048,1707.699048,1707.849048,1708.059048,1708.149048,1708.479048,1709.589048,1710.039048,1710.159048,1710.519048,1710.909048,1711.029048,1711.445034,1711.541099,1712.199048,1712.319048,1712.439048,1712.709048,1713.519048,1713.939048,1714.149048,1714.749048,1715.074624,1715.289048,1715.409048,1716.249048,1716.999048,1717.089048,1717.239048,1717.329048,1717.839048,1718.062466,1718.289048,1718.439048,1718.619048,1719.189048,1719.369048,1719.789048,1720.299692,1720.869048,1721.079048,1721.529048,1722.009048,1722.549048,1723.059048,1723.299048,1723.569048,1723.869048,1723.989048,1724.259048,1725.459048,1725.669048,1725.909048,1726.659048,1727.169048,1727.889048,1728.039048,1728.189048,1728.579048,1728.909048,1729.329048,1729.509048,1729.899048,1730.019048,1730.799048,1730.979048,1731.069048,1732.269048,1732.449048,1732.779048,1733.229048,1733.349048,1733.829048,1733.979048,1734.069048,1734.339048,1734.399048,1734.789048,1735.239048,1735.449048,1735.629048,1735.899048,1736.289048,1736.805259,1737.129048,1737.279048,1737.399048,1737.639048,1737.849048,1737.999048,1738.749048,1738.929048,1739.203735,1739.709048,1739.979048,1740.069048,1740.429048],"words":["i'm","so","if","you","think","about","that","you","could","argue","that","i","would","think","the","global","construction","market","is","probably","lots","of","points","or","to","for","the","full","year","versus","what","expected","their","back","to","do","so","i","might","have","that","power","but","we","are","seeing","what","happens","rosemary","it's","you","any","specially","infrastructure","projects","in","any","one","of","those","project","if","they're","missing","one","products","or","they're","missing","one","item","to","finish","the","sequence","of","the","job","they","cannot","continue","the","job","and","they're","having","a","problem","switching","out","to","other","items","alternative","items","because","they","can't","get","it","either","so","that","slowing","down","the","bigger","jobs"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[1741.629048,1741.839048,1741.899048,1741.959048,1742.439048,1742.889048,1743.009048,1743.159048,1743.459048,1743.609048,1743.819048,1744.419048,1745.079048],"words":["one","of","the","reasons","why","and","we're","naughty","and","new","construction","residential","unfortunately"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[1746.669048,1746.789048,1747.193052,1747.246079,1747.312759,1747.629048,1747.809048,1748.139048,1748.289048,1748.409048,1748.949048,1749.699048,1749.849048,1750.179048,1751.259048,1751.469048,1751.649048,1752.129048,1752.639048,1752.849048,1753.059048,1753.449048,1753.809048,1753.959048,1754.289048,1754.829048,1754.979048,1755.159048,1755.489048,1755.639048,1755.699048,1756.089048,1756.929048,1757.109048,1757.199048,1757.409048,1757.589048],"words":["the","rest","of","the","folks","who","are","in","new","construction","residential","or","like","commercial","they","can","switch","oh","and","they","can","move","to","another","job","and","come","back","to","a","certain","job","they","have","much","more","flexibility"]},{"endIndex":null,"speaker":"spk_10","startIndex":null,"start_times":[1758.879048,1759.029048,1759.119048,1759.419048,1759.899048,1760.649048,1760.799048,1760.889048,1762.119048,1762.299048,1762.539048,1762.749048,1763.949048,1764.339048,1764.489048,1764.879048,1765.089048,1765.359048,1765.659048,1765.839048,1766.709048,1766.949048,1767.309048,1768.179048,1768.659048,1768.839048,1769.019048,1769.109048,1769.349048,1769.619048,1769.889048,1770.819048,1771.089048,1771.329048,1771.539048,1771.629048,1771.779048,1772.079048,1772.169048,1772.469048,1773.009048,1773.139009,1773.249048,1774.329048,1774.569048,1774.719048,1775.079048,1775.199048,1775.289048,1775.979048,1776.099048,1776.219048,1776.669048,1776.759048,1777.149048,1777.509048,1778.259048,1778.649692,1778.889048],"words":["on","the","high","income","commercial","and","the","infrastructure","and","where","we","play","the","the","jobs","just","can't","switch","out","products","i'm","so","that's","delayed","and","now","the","good","news","about","that","will","get","that","in","two","thousand","and","twenty","two","to","the","jobs","what","we're","seeing","and","our","pipeline","is","the","jobs","are","not","going","away","money","is","too"]},{"endIndex":null,"speaker":"spk_12","startIndex":null,"start_times":[1779.039048,1779.969048,1780.299048,1780.389048,1780.659048,1781.229048,1781.349048,1781.979048,1782.129048,1782.369048,1782.879048,1783.119048],"words":["cheap","people","are","still","continuing","to","invest","and","still","completing","those","jobs"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[1784.079048,1784.229048,1784.499048,1784.769048,1784.919048,1785.189048,1785.399048,1785.579048,1785.879048,1785.969048,1786.239048,1786.929048,1787.289048,1787.529048,1787.709048,1787.949048,1788.069048,1788.309048,1788.519048,1788.909048,1789.119048,1789.779048,1789.959048,1790.259048,1790.379048,1790.619048,1790.889048,1791.039048,1791.129048,1792.359048,1792.539048,1792.899048,1793.019048,1793.139048,1793.799048,1794.009106,1794.078657,1795.029048,1795.179048,1795.479048,1795.936606,1796.199048,1796.439048,1796.619048,1796.709048,1797.489048,1797.759048,1797.879048,1798.509048,1798.569048,1799.409048,1799.718188,1800.249048,1800.489048,1801.359048,1801.608657,1801.749048,1801.929048,1802.229048,1802.679048,1802.979048,1804.119048,1804.389048,1804.929048,1805.349048,1805.859048,1806.369048,1806.873247,1807.149048,1807.299048,1807.449048,1807.749048,1808.229048,1808.469048,1808.709048,1809.309048,1810.209048,1810.449048,1810.629048,1810.749048,1811.139048,1811.289048,1811.799048,1811.979048,1812.129048,1812.309048,1812.789048,1813.299048,1813.539048,1814.439048,1814.829048,1815.459048,1815.639048,1816.329048,1817.139048,1817.979048,1818.249048,1818.519048,1818.789048,1818.969048,1819.539048,1819.719048,1819.929048,1820.239419,1820.739692,1821.999048,1822.299048,1822.520298,1822.749048,1823.319048,1823.536255,1823.674595,1823.889048,1824.489048,1824.819048,1825.089048,1825.929048,1826.349048,1826.529048,1826.769048,1828.478618,1829.048618,1829.293013,1829.558618,1830.188618,1831.058618,1831.718618,1831.907364,1832.106933,1832.138618,1832.480541,1833.008618,1833.248618,1833.848618,1834.658618,1834.868618,1835.198618,1836.188618,1836.338618,1836.458618,1836.758618,1838.168618,1838.828618,1839.758618,1840.418618,1841.138618,1841.708618,1842.038618,1842.788618,1843.068369,1843.748618,1844.828618,1845.297343,1845.788618,1846.358618,1846.628618,1847.018618,1847.138618,1847.228618,1847.798618,1848.098618,1848.278618],"words":["it's","just","them","they'll","move","into","two","thousand","and","twenty","two","and","this","is","when","we","talk","about","supply","chain","disruption","it's","not","on","the","just","on","the","inbound","it's","also","on","the","outbound","on","the","demand","and","people","delaying","some","need","for","our","products","because","the","projects","are","delayed","so","hopefully","that's","helpful","if","that","is","very","helpful","thank","you","and","so","they","actually","brings","my","brings","up","my","next","question","which","is","regarding","emanate","or","is","it","safe","to","assume","that","it","is","going","to","have","then","the","are","in","a","residential","construction","not","yet","to","see","you","in","and","much","slots","assassin","and","the","is","that","the","you","have","something","that","could","eventually","close","by","year","end","am","with","we","are","very","as","is","put","a","lotta","time","and","effort","rosemarie","and","to","emanate","and","were","very","thoughtful","and","specific","about","where","we","would","invest","our","shareholders","funds","and","the","we","are","clear","on","the","geography","is","where","we"]},{"endIndex":null,"speaker":"spk_13","startIndex":null,"start_times":[1848.368618,1848.427034,1848.616486,1848.728618,1849.748618,1849.898618,1850.108618,1850.318618,1850.678618,1850.798618,1850.911583,1851.728618,1851.968618,1852.118618,1852.448618,1852.544587,1853.228618,1853.348618,1854.368618,1854.548618,1854.728618,1855.028618,1855.388618,1856.198618,1856.348618,1856.438618,1857.458618,1857.518618,1857.698618,1857.788618,1858.178618,1859.438618,1859.978618,1860.758618,1861.688618,1862.318618,1862.498618,1862.978618,1863.398618,1863.592813,1864.178618,1864.328618,1864.958618,1865.468618,1865.798618,1866.428618,1866.698618,1867.058618,1867.148618,1867.448618,1867.658618,1867.778618,1868.018618,1868.438618],"words":["you","want","to","play","and","we","are","clear","on","the","segments","where","we","think","an","investment","is","prudent","and","we've","talked","about","infrastructure","as","an","example","i","think","the","global","construction","at","friends","all","information","for","example","from","i","hs","would","suggest","that","global","construction","should","grow","at","about","two","to","three","percent","the"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[1868.528618,1868.798618,1869.008618,1869.758618,1869.968618,1870.148618,1870.868618,1871.318618,1871.438618,1871.828618,1871.978618,1872.188618,1872.278618,1872.608618,1872.668618,1872.848618,1873.058618,1874.048618,1874.228618,1874.438618,1874.588618,1874.918618,1875.908618,1876.088618,1876.418618,1876.541379,1877.138618,1878.488618,1879.208618,1879.358618,1879.538618,1880.018618,1880.168618,1880.558618,1880.678618,1880.768618,1881.008618,1881.278618,1881.578618,1882.688618,1883.318618,1883.948618,1884.188618,1885.478618,1885.958618,1886.078618,1886.528618,1886.768618,1887.578618,1888.538618],"words":["next","three","years","but","the","infrastructure","spend","is","likely","to","grow","up","more","or","less","six","percent","and","so","we","think","infrastructure","would","be","a","prudent","investment","and","and","we","also","of","course","when","we","think","about","north","america","and","residential","new","construction","given","the","pent","up","demand","that","is"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[1888.718618,1888.808618,1889.318618,1889.438618,1889.498618,1890.398618,1890.612939,1891.238618,1891.838618,1892.258618,1892.476309,1892.588618,1893.188618,1893.428618,1893.788618,1894.298618,1894.328618,1894.748618,1894.838618,1895.318618,1896.038618,1896.188618,1896.278618,1896.488618,1896.668618,1896.758618,1896.968618,1897.808618,1897.989468,1898.228618,1898.408618,1898.588618,1898.948618,1899.188618,1899.338618,1899.490273,1899.55458,1899.968618,1900.598618],"words":["a","decade","in","the","making","we","thing","although","growth","may","be","limited","that","will","remain","a","strong","and","robust","segment","of","the","next","two","or","three","years","and","would","and","we","think","that","would","be","a","prudent","investment","too"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[1902.008618,1902.758618,1902.968618,1903.367656,1903.868618,1904.018618,1904.168618,1904.768618,1905.188618,1905.347385,1905.548618,1905.698618,1906.418618,1906.778618,1907.498618,1907.648618,1908.278618,1908.488618,1908.728618,1908.911482,1909.478618,1909.598618,1909.802612,1910.468618,1910.648618,1911.03314,1911.573909,1911.818618,1912.928618,1913.948618,1914.308618,1914.458618,1915.058618,1915.988618,1916.168618,1916.318618,1916.438618,1916.558618,1916.678618,1917.008618,1917.188618,1917.748679,1918.058618,1918.374395,1918.718618,1918.838618,1921.118618,1921.358618,1921.568618,1921.628618,1922.018618,1922.708618,1923.158618,1923.788618,1924.263616,1924.628618,1925.078618,1925.708618,1925.978618,1926.158618,1926.278618,1927.148618,1927.298618,1927.598618,1928.198618,1928.468618,1928.708618,1929.518618,1929.728618,1929.908618,1930.178618,1930.298618,1930.418618,1931.078618,1932.428618,1932.638618,1932.788618,1933.028618,1933.298618,1933.418618,1933.543547,1933.898618,1934.048618,1934.198618,1934.858618,1935.188618,1935.578618,1935.794229,1936.178618,1936.418618,1936.80262,1937.108618,1938.218618,1938.398618,1938.698618,1938.908618,1939.358618,1939.718618,1940.168618,1940.798618,1940.978618,1941.128618,1941.368618,1941.938618,1942.388618,1942.568618,1942.928618,1943.048618,1943.168618,1943.588618,1944.008618,1944.068618,1944.878618,1945.058618,1945.208618,1945.298618,1945.448618,1945.508618,1945.598618,1945.988618,1946.078618,1946.348618,1946.498618,1946.648618,1946.888618,1947.428618,1947.878618,1948.057439,1948.418618,1948.508618,1948.688618,1948.778618,1948.928618,1949.078618,1949.198618,1949.318618,1949.678618,1950.248618,1950.458618,1950.578618,1951.148618,1951.418618,1951.778618,1951.898618,1952.137871],"words":["essential","and","limbless","question","is","i","may","ah","so","you","are","lagging","price","increases","i","understand","that","there","is","some","it","is","difficult","to","lay","place","some","particular","areas","are","you","considering","surcharges","in","on","us","who","have","said","at","least","the","high","cost","of","logistics","it's","it's","a","daily","conversation","rosemary","honestly","and","the","every","option","is","on","the","table","and","every","option","has","been","discussed","and","is","part","of","our","execution","plan","yeah","and","maybe","rose","me","or","away","and","on","that","date","date","we","expect","more","pricing","and","for","we","actually","have","committed","price","from","customers","that","we","haven't","received","price","in","their","in","their","current","jobs","or","projects","or","because","we","don't","have","the","ability","to","get","it","on","those","projects","but","they've","committed","to","give","it","to","us","on","the","next","projects","which","are","now","being","shipped","in","queue","for"]},{"endIndex":null,"speaker":"spk_14","startIndex":null,"start_times":[1952.588618,1952.738618,1952.888735,1952.997852,1953.338618,1953.578618,1953.818618,1954.208618,1954.448618],"words":["and","that","a","roll","through","pew","forum","que","one"]},{"endIndex":null,"speaker":"spk_15","startIndex":null,"start_times":[1955.978618,1956.161416,1956.338618,1956.458618,1957.148618,1958.228618,1958.438618,1959.008618,1959.338618,1959.758618,1960.118618,1960.208618,1961.378618,1961.948618,1962.098618,1962.188618,1962.308618,1962.458618,1962.698618,1963.118618,1963.364624,1963.538618,1964.768618,1964.918618,1964.978618,1965.32249,1965.578618,1965.878618,1966.208618,1966.268618,1966.478618,1966.658618,1966.868618,1967.288618,1967.468618,1967.618618,1968.188618,1968.398618,1968.643247,1968.818618,1969.478618,1969.688618,1969.988618,1970.528618,1970.798618,1970.918618,1971.218618,1971.428618,1971.548618,1972.016943,1972.111689,1972.268618,1973.048618,1973.258618,1973.408618,1973.558618,1973.738618,1974.008618,1974.278618,1974.428618,1974.608618,1974.878618,1975.268618,1975.508618,1975.718618],"words":["and","and","in","spm","honestly","we're","doing","well","between","price","and","productivity","and","this","will","be","are","low","margin","mark","for","spm","and","i","didn't","pick","up","through","a","little","better","to","for","and","then","it'll","it'll","come","more","normalized","into","next","year","as","he","sees","where","we're","focused","to","your","point","of","we","have","in","bound","freight","and","out","bound","freight","on","as","the"]},{"endIndex":null,"speaker":"spk_0","startIndex":null,"start_times":[1975.838618,1976.558618,1976.768618,1976.888618,1977.068618,1977.938618,1978.25501,1978.688618,1978.94895,1979.168618,1979.618618,1979.738618,1979.888618,1980.548618,1980.668618,1980.788618,1981.088618,1981.238618,1981.358618,1982.138618,1982.318618,1982.498618,1982.588618,1982.678618,1983.158618,1983.339614,1983.452554,1983.968618,1985.138618,1985.288618,1985.768618,1986.308618,1986.608618,1986.758618,1986.818618,1987.178618,1987.598618,1987.868618,1988.018618,1989.338618,1989.698618,1990.178618,1990.328618,1990.448618,1990.598618,1990.778618,1991.348618,1991.468618,1991.618618,1992.038618,1992.128618],"words":["see","and","it","is","challenging","and","them","were","were","attempting","to","do","surcharge","and","and","working","with","our","vendors","on","some","of","the","extra","for","it","costs","overseas","and","inbound","overseas","because","it's","a","global","supply","chain","for","fcc","vs","spm","which","is","little","more","local","and","it's","easier","to","handle"]},{"endIndex":null,"speaker":"spk_16","startIndex":null,"start_times":[1993.358618,1993.658618,1993.903892,1994.078618,1994.288618,1996.268618,1996.538618,1998.998618,1999.178618,1999.478618,2000.018618,2000.348618,2000.648618,2001.158618,2001.938618,2002.208618,2002.898618,2003.168618],"words":["i","think","she's","in","it's","thank","you","the","next","question","comes","from","lawrence","alexander","with","jeffries","please","proceed"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[2004.368618,2004.488618,2004.848618,2005.058618,2005.298618,2005.448618,2005.633306,2005.805059,2006.588618,2007.038618,2007.297397,2007.518618,2007.638618,2007.812671,2008.568618,2008.898618,2009.018618,2009.198618,2009.318618,2010.008618,2010.267485,2010.458618,2010.929478,2011.238618,2011.568618,2011.658618,2011.778618,2012.258618,2012.468618,2012.618618,2012.798618,2013.008618,2013.098618,2013.638618],"words":["hey","guys","it's","ten","was","one","from","lawrence","i'm","just","just","one","quick","question","is","are","we","to","shorten","or","or","changes","supply","chain","i","mean","obviously","not","right","now","because","you","just","issues"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[2015.198618,2015.747861,2016.398618,2016.698618,2016.765825,2017.208618,2017.598618,2017.808618,2017.868618,2018.648618,2018.738618,2018.948618,2019.128618,2019.398618],"words":["six","unceasing","soon","as","doesn't","happen","again","i","mean","i","guess","it's","kind","of"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[2020.453511,2020.801807,2020.897388,2021.229087,2021.408618,2021.588618,2021.738618,2022.278618,2022.43707,2022.698618,2022.788618,2024.078618,2024.348618,2024.588618,2024.842095,2025.368618,2025.518618,2025.878618,2026.778618,2027.468618,2028.968618,2029.178618,2029.748618,2029.987417,2030.198618,2030.348618,2031.038618,2031.278618,2031.568716,2031.938618,2032.268618,2032.808618,2032.988618,2033.378618,2033.498618,2033.768618,2034.068618,2034.698618,2034.908618,2035.268618,2035.718618,2035.958618,2036.048618,2036.468618,2037.788618,2038.298618,2039.378618,2039.498618,2039.858618,2040.728618,2041.058618,2041.358618,2041.778618,2042.228618,2042.408618,2043.068618,2043.698618],"words":["bond","for","horses","are","times","when","are","we","looking","at","that","down","i","i","i","i","truly","believe","every","company","that","said","that","that","is","impacted","by","this","supply","chain","challenges","is","asking","the","very","same","question","and","again","it's","it's","a","daily","conversation","and","down","you","know","decisions","that","you","would","like","to","make","an","hour"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[2043.968618,2044.448618,2044.836597,2045.528618,2045.738618,2046.098618,2046.248618,2047.268618,2047.418618,2047.538618,2048.018618,2048.858618,2049.068618,2049.338618,2049.578618,2050.118618,2050.418618,2051.108618,2051.258618,2051.318618,2051.618618,2051.798618,2052.188618,2052.428618,2052.548618,2053.598618,2053.838618,2054.048618,2054.288618,2055.308618,2055.818618,2056.928618,2057.408618,2057.798618,2057.888618,2058.428618,2058.548618,2059.088618,2059.988618,2060.258618,2060.468618,2060.618618,2060.768618,2060.858618,2061.428618,2061.608618,2062.208618,2063.408618,2063.708618,2063.948618],"words":["as","craig","said","and","terms","of","switching","to","an","alternate","material","it's","just","not","feasible","right","now","but","i","think","it","does","beg","the","question","how","do","more","fundamentally","secure","yourself","as","against","the","prospect","of","this","happening","and","it","it","is","a","parents","and","continuous","conversation","and","will","be"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[2064.218618,2064.608618,2064.728618,2064.848618,2065.478618,2065.838618,2066.108618],"words":["part","of","our","strategic","planning","going","forward"]},{"endIndex":null,"speaker":"spk_16","startIndex":null,"start_times":[2067.608618,2067.818618,2067.938618,2068.118618,2068.448618,2069.198618,2069.348618,2069.828618,2070.098618,2071.178618,2071.718618,2071.928618,2072.198618,2072.588618,2072.828618,2072.978618,2073.128618,2073.338618,2074.088618,2074.358618,2074.508618,2075.378618,2075.828618,2076.098618,2076.368618,2076.638618,2076.889868,2077.028618,2077.118618,2077.298618,2077.508618,2077.748618,2077.928618,2079.677466,2079.938618,2080.718618,2080.903364,2081.318618,2081.378618,2081.556772,2081.916479,2082.398618,2082.548618,2082.908618,2083.238618,2084.528618,2084.828618,2085.308618,2085.458618,2085.548618,2086.268618,2086.688618,2086.874771,2087.040034,2087.228618,2087.528618,2087.858618,2088.068618,2088.338618,2088.488618,2088.578618,2089.058618,2089.208618,2089.358618,2089.658618,2090.138618,2090.378618,2090.558618,2092.118618,2092.268618,2092.778618,2092.928618,2093.014312,2093.468618,2093.79106,2093.888618,2094.428618,2094.518618,2094.878618,2095.118618,2095.238618,2095.778618,2096.018618,2096.228618,2096.678618,2096.768618,2097.008618,2097.212524,2097.578618,2097.724985,2098.388618,2098.658618,2099.198618,2099.468618,2099.648618,2100.068618,2100.638618,2100.758618,2101.088618,2101.568618,2101.898618,2102.048618,2102.198618,2102.438618,2102.555542,2102.738618,2103.188618,2103.548618,2104.088618,2104.268618,2104.388618,2104.598618,2104.688618,2104.868618,2105.018618,2105.228618,2105.288618,2105.948618,2106.100522,2107.718618,2107.880718,2108.018618,2108.318618,2108.498618,2108.828618,2109.008618,2109.038618,2109.278618,2109.548618,2109.698618,2110.388618,2110.625718,2110.778618,2110.89979,2111.141108,2111.468618,2111.858618,2112.042427,2112.638618,2112.878618,2113.508618,2113.868618,2113.928618,2113.988618,2114.558618,2114.678618,2115.278618,2115.578618,2115.698618,2116.508618],"words":["but","to","your","point","dam","the","horses","already","bolted","and","it's","now","thinking","about","what","we","can","do","over","the","next","twelve","twenty","four","months","rather","what","we","can","do","right","now","unfortunately","and","energy","for","your","are","just","ramps","advise","that","that's","that's","predominantly","or","challenge","on","the","fcc","park","as","as","and","we've","we've","we've","actually","got","the","benefit","from","that","global","supply","chain","for","years","and","unfortunately","with","the","increasing","frayed","the","blackouts","in","china","now","and","production","on","on","areas","and","even","up","across","the","easier","that's","challenging","getting","pro","particular","moment","the","cost","increases","going","up","so","tear","of","your","points","very","bout","and","we","need","to","have","some","sort","of","balance","in","there","is","it","sounds","like","that","that","a","lot","of","the","issues","or","are","the","least","volume","issues","in","s","c","c","because","of","the","shortages","are","just","pent","up","demand","so"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[2117.648618,2117.678618,2117.828618,2117.978618,2118.338618,2118.488618,2118.608618,2119.118618,2119.298618,2119.418618,2119.748618,2119.838618,2120.078618,2120.313872,2120.528618,2120.618618,2120.948618,2121.098618,2121.16269,2121.398618,2121.638618,2121.878618,2122.088618,2122.298618,2122.478618,2123.438618,2123.528618,2123.738618,2124.128618,2124.218618,2124.548618,2125.148618,2125.358618,2125.658618,2126.048618,2126.198618,2126.648618,2126.978618,2127.305659,2127.608618,2128.178618,2128.418618,2128.508618,2129.258618,2129.378618,2130.158618,2130.248618],"words":["i","just","make","something","about","this","way","that","would","suggest","that","once","these","this","is","over","be","a","three","months","six","months","nine","months","now","you","should","see","a","pretty","large","we","stopped","cycle","as","people","be","can","catch","up","to","me","given","the","infrastructure","the","man"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[2131.088618,2131.448618,2131.928618,2132.323687],"words":["that","are","growing","robot"]},{"endIndex":null,"speaker":"spk_17","startIndex":null,"start_times":[2135.138618,2135.313755,2135.528618,2136.098618,2136.668618,2137.058618,2137.208618,2137.418618,2137.809556,2138.228618,2138.403667,2138.558618,2138.854634,2139.158618,2139.428618,2139.548618,2139.938618,2140.181284,2140.388618,2140.928618,2141.468618,2141.678618,2141.768618,2142.998618,2143.135405,2143.268618,2143.448618,2143.508618,2143.598618,2144.708618,2145.008618,2145.128618,2145.608618,2145.968618,2146.088618,2146.988618,2147.408618],"words":["you're","on","fb","certainly","because","we","have","sterling","lloyd","with","we","actually","back","orders","on","sterling","lloyd","right","now","i'm","through","the","quarter","when","on","some","of","the","b","s","e","c","tends","to","restock","fairly","quickly"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[2148.608618,2148.878618,2148.998618,2149.358618,2149.538618,2150.168618,2150.258618,2150.588618,2150.918618,2151.008618,2151.428618,2151.608618,2151.728618,2151.938618,2152.898618,2153.198618,2153.44937,2153.648618,2153.828618,2154.218618,2154.338618,2154.638618,2154.728618,2155.448618,2155.598618,2155.778618,2156.648618,2156.738618,2157.518618,2157.608618,2158.718618,2158.808618,2158.958618,2159.138618,2159.228618,2159.378618,2159.528618,2159.588618,2159.828618,2160.398618,2160.788618,2160.998618,2161.058618,2161.268618,2161.418618,2161.508618,2161.688618,2162.078618,2162.138618,2163.038853,2163.278618,2163.338618,2164.028618,2164.298618,2165.108618,2165.528618,2165.800815,2165.918618,2166.218618,2166.368618,2166.518618,2167.238618,2167.388618,2167.628618,2167.868618,2167.958618,2168.138618,2168.168618,2168.378618,2168.528618,2169.548618,2170.508618,2171.228618,2172.008618,2172.548618,2172.698618,2172.878618,2173.088618,2173.538618,2173.688618,2174.168618,2174.378618,2174.588618,2175.008618,2175.368618,2175.728618,2176.028618,2176.838618,2177.558618,2178.056372,2178.248618,2178.488618,2179.388618,2179.598618,2179.778618],"words":["but","i","think","our","customers","are","not","moving","the","product","out","to","those","projects","so","you're","you","are","right","i","think","it","said","it","will","extend","the","cycle","i","think","i","don't","know","if","they'll","be","a","big","bang","into","one","or","two","but","it","will","extend","the","cycle","on","the","replenishment","of","immature","and","death","and","done","to","your","question","is","some","like","a","give","a","little","bit","more","color","am","specific","actions","that","we","had","taken","the","actually","we're","gonna","drive","some","very","nice","productivity","improvements","forest","year","over","year","have","been","negated"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[2181.488618,2181.758618,2181.938618,2182.628618,2182.808618,2183.258618,2183.378618,2184.158618,2184.338618,2184.818618,2185.658618,2186.198618,2187.518618,2187.638618],"words":["by","the","inability","to","get","the","products","that","we","plans","to","replace","the","rule"]},{"endIndex":null,"speaker":"spk_16","startIndex":null,"start_times":[2188.688618,2189.618618,2189.798618,2190.308618,2190.428618,2190.698618,2191.058618,2191.208618,2191.658618,2191.898618,2192.498618,2192.678618,2192.768618,2193.308618,2193.428618,2194.118618,2195.318618,2195.948618,2196.098618,2196.488618,2196.848618,2197.778618,2198.033062,2198.258618,2198.588618,2199.098618,2199.308618,2199.608618,2199.848618,2200.148618,2200.298618,2200.868618,2201.498618,2201.678618,2201.768618,2202.158618,2202.248618],"words":["for","the","cost","of","that","role","has","increased","so","much","that","it","negates","the","productivity","improvements","and","the","second","thing","is","a","what","you","would","you","ask","what","can","you","do","clearly","we","have","taken","the","decision"]},{"endIndex":null,"speaker":"spk_0","startIndex":null,"start_times":[2204.468618,2204.648618,2205.278618,2205.548618,2205.998618,2207.288618,2207.618618,2207.918618,2208.848618,2209.658618,2209.808618,2210.288618,2212.058618,2212.448618,2213.198618,2213.948618,2214.338618,2214.998618,2215.148618,2215.508618,2216.198618,2216.678618,2217.128618,2217.338618,2217.608618,2217.788618,2218.508618,2218.838618,2219.498618,2219.648618,2219.858618,2220.038618,2220.368618,2220.488618,2220.608618,2221.568618,2221.778618,2222.168618,2222.768618,2223.008618,2223.398618],"words":["to","increase","our","physical","inventory","and","quite","substantially","and","i","think","surprisingly","that's","meant","for","some","customers","in","some","segments","we've","actually","been","able","to","drive","an","improvement","in","our","on","time","and","in","full","on","certain","projects","for","certain","customer"]},{"endIndex":null,"speaker":"spk_18","startIndex":null,"start_times":[2223.968618,2224.598618,2225.318618,2225.408618,2225.618618,2225.798618,2225.858618,2226.548618,2226.758618,2226.938618,2227.388618,2227.658618,2227.928618,2228.078618,2228.228618,2228.378618,2228.618618,2228.738618,2229.008618,2229.248618,2229.380688,2229.938618,2230.478618,2232.938618,2233.208618,2233.268618,2233.448618,2235.998618,2238.668618,2238.878618,2239.148618,2239.718618,2240.108618,2240.528618,2241.008618,2241.548618,2242.268618,2242.448618,2242.812222,2243.588618,2243.888618,2245.268618,2245.388618,2245.598618,2245.748618,2246.018618,2246.348618,2246.468618],"words":["as","and","i","think","that's","a","testament","to","our","supply","chain","group","that","we've","been","able","to","do","that","and","these","challenging","times","thank","you","very","much","thanks","our","next","question","comes","from","chris","shot","with","my","nes","crespi","please","proceed","the","hi","good","morning","everyone","i","don't"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[2247.758618,2247.908618,2249.228618,2249.348618,2249.558618,2249.888618,2249.978618,2250.098618,2250.548618,2250.908618,2251.118618,2251.358618],"words":["a","crevice","i","can","follow","up","on","rosemary","question","about","every","day"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[2252.822056,2252.995317,2253.428618,2253.878618,2254.039663,2254.478384,2255.618618,2255.768618,2255.828618,2256.252573,2256.456333,2257.118618,2257.238618,2258.228618,2258.371177,2258.408618,2259.128618,2259.184077,2259.368618,2259.455015,2259.638618,2259.818618,2259.968618,2260.028618,2260.268618,2261.438618,2261.528618,2261.918618,2262.278618,2262.368618,2263.178618,2263.448618,2263.868618,2263.928618,2264.918618,2265.098618,2265.188618,2265.548618,2265.791724,2265.907886,2266.178618,2266.328618,2266.478618,2266.659497,2266.756499,2267.108618,2267.378618,2267.528618,2267.678618,2267.858618,2268.458618,2268.578618,2268.908618,2269.088618,2269.298618,2269.898618,2269.988618,2270.37522,2270.746382,2271.278823,2271.398618,2271.457329,2271.788618,2271.938618,2272.028618,2272.208618,2272.448618,2272.898618,2273.048618,2273.168618,2273.288618,2274.158618,2274.278618,2274.398618,2274.818618,2274.908618,2274.998618,2275.268618,2275.388618,2275.598618,2276.108618],"words":["if","you","divide","out","the","strategy","in","the","target","for","areas","and","geography","at","a","give","you","that","it","had","that","sort","of","set","for","a","while","now","i","guess","what","sort","of","the","what's","the","sticking","point","right","now","as","it","is","it","just","are","are","there","no","targets","are","they","they're","not","selling","or","is","multiple","zhuhai","have","you","lost","out","on","some","talk","good","as","are","you","guys","is","it's","covert","are","you","guys","is","that","distracted","with"]},{"endIndex":null,"speaker":"spk_19","startIndex":null,"start_times":[2277.008618,2277.428618,2277.758618,2278.238618,2278.418618,2278.658618,2278.808618,2278.865044,2278.928618,2279.258618,2279.588618,2280.068618,2280.356694,2280.518618,2280.829224,2281.058618,2281.238618,2281.412144,2281.718618,2282.048618,2282.768618,2282.796274,2283.008618,2283.098618,2283.458618,2283.578618,2283.998618,2284.148618,2285.018618,2285.738618,2285.948618,2286.248618,2287.208618,2287.418618,2287.598618,2287.898618],"words":["fighting","issues","me","what's","really","sort","of","the","sticking","point","all","get","this","done","that","we","we","we've","actually","dedicated","a","lot","of","time","and","effort","to","emanate","at","in","some","cases","we","have","lost","out"]},{"endIndex":null,"speaker":"spk_20","startIndex":null,"start_times":[2289.038618,2289.758618,2289.938618,2290.238618,2290.688618,2290.898618,2291.768618,2291.915103,2292.308618,2292.458618,2292.728618,2293.748618,2295.008618,2295.248618,2295.548618,2295.998618,2296.192358,2296.898618,2297.048618,2297.378618,2298.068618,2298.428618,2299.058618,2299.268618,2300.288618,2300.468618,2301.098618,2301.278618,2301.488618,2301.608618,2301.758618,2302.328618,2302.448618,2302.598618,2302.658618,2302.778618,2303.828618],"words":["and","in","some","cases","we've","decided","that","price","is","too","high","am","in","some","cases","we","decided","there","isn't","enough","good","fit","and","synergies","and","so","we","want","to","be","thoughtful","we","want","to","be","discerning","am"]},{"endIndex":null,"speaker":"spk_18","startIndex":null,"start_times":[2305.838618,2306.648618,2307.398618,2308.118618,2308.238618,2308.988618,2309.978618,2311.418618,2311.958618,2312.288618,2312.798618,2313.218618,2313.728618,2313.998618,2314.118618,2314.838618,2314.988618,2315.138618,2315.228618],"words":["we","actually","have","a","very","good","pipeline","and","feel","good","about","some","of","the","targets","that","we","are","pursuing"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[2318.138618,2318.258618,2318.678618,2319.218618,2319.308618,2320.658618,2320.988618,2321.138618,2321.498618,2321.768618,2321.919438,2322.16811,2323.688618,2324.469438,2324.948618,2325.278618,2325.398618,2325.788618,2326.118618,2326.358618,2326.448618,2327.738618,2328.728618,2328.908618,2329.058618,2329.268618,2329.328618,2329.658618,2330.258618,2330.318618,2330.708618,2331.998618,2332.148618,2332.268618,2332.508618,2333.348618,2333.504888,2334.248618,2334.398618,2334.638618,2334.698618,2335.268618,2335.958618,2336.138618,2336.498618,2337.008618,2337.728618,2338.358618,2338.778618,2339.018618,2339.509106,2339.648618,2339.828618,2340.013599,2340.758618,2340.908618,2340.980688,2341.148618,2341.208442,2342.108618,2342.237642,2342.468618,2342.64938,2342.800669,2343.008618,2343.158267,2343.398618,2343.698794,2343.788091,2343.848618],"words":["the","top","lottery","the","guess","yes","of","their","this","i","kept","as","historically","i","account","of","ever","in","both","your","businesses","ah","when","you've","had","a","raise","prices","a","decent","amount","is","there","any","impact","the","band","or","is","or","subsoil","elasticity","or","thirty","switching","our","summers","about","like","particular","in","like","that","it","get","the","sort","of","historical","for","that","with","us","that","this","had","happened","at","the","past"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[2346.068618,2346.368618,2347.868618,2348.089224,2348.318618,2348.738618,2348.828618,2349.038618,2349.698618,2349.758618,2350.118618,2350.448618,2350.778618,2350.898618],"words":["yeah","generally","that","that","would","be","were","managing","a","balance","between","price","and","volume"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[2352.248618,2352.584009,2352.758618,2353.208618,2353.418618,2353.958618,2354.288618,2354.798618,2355.038618,2355.158618,2355.428618,2355.608618,2355.878618,2356.328618,2356.508618,2357.048618,2357.198618,2357.708618,2358.728618,2359.058618,2359.508618,2359.748618,2360.168618,2360.288618,2360.378618,2361.008618,2361.188618,2361.638618,2361.788618,2361.908618,2362.178618,2362.208618],"words":["and","are","generally","there's","not","not","switching","out","as","long","as","we","are","are","sensible","we","communicate","effectively","and","them","were","clear","to","the","customer","on","exactly","why","they're","getting","a","price"]},{"endIndex":null,"speaker":"spk_21","startIndex":null,"start_times":[2363.438618,2363.618618,2363.678618,2364.220786,2364.316646,2364.998618,2365.148618,2365.538618,2365.958618,2366.048618,2366.168618,2366.288618,2366.348618,2366.828618,2366.918618,2367.728618,2367.908618,2368.088618,2368.178618,2368.238618,2368.298618,2368.538618,2369.108618,2370.068618,2370.398618,2370.608618,2370.878618,2371.418618,2371.538618,2371.778618,2372.348618,2372.708618,2372.888618,2373.488618,2373.548618,2373.728618,2374.628618,2374.8777,2375.198618,2375.708618,2375.978618,2376.068618,2376.458618,2377.058618,2377.358618,2377.448618,2377.748618,2377.958618,2378.078618,2378.498618,2378.558618,2378.798618,2378.978618,2379.128618,2379.278618,2379.728618,2379.903579,2380.148618,2380.238618,2380.388618,2380.658618,2380.898618,2381.468618,2381.648618,2381.828618,2381.888618,2382.191899,2383.025337,2383.147974,2383.268618],"words":["and","the","challenges","the","timing","i","mean","certainly","of","we're","going","to","jam","the","customer","and","put","him","in","a","very","difficult","position","off","with","his","pricing","to","his","customer","his","their","project","or","her","project","of","that's","up","that's","an","issue","so","hence","the","reason","why","the","delay","a","little","bit","on","our","part","of","because","we","don't","wanna","lose","volume","we","have","a","loss","volume","that","we","know"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[2383.568618,2383.838618,2384.048618,2384.168618,2384.678618,2384.858618,2385.038618,2385.968618,2386.058618,2386.268618,2386.508618,2386.688618,2386.778618,2386.988618,2387.258618,2387.498618,2387.678618,2387.918618,2388.218618,2388.998618,2389.208618,2389.268032,2389.628618,2390.378618,2390.528618,2390.618618,2390.738618,2390.888618,2390.978618,2391.098618,2391.428618,2391.518618],"words":["of","has","were","tracking","where","we","had","i","think","about","two","or","three","years","ago","we","did","move","price","and","the","last","volume","and","you","can","see","in","two","thousand","and","nineteen"]},{"endIndex":null,"speaker":"spk_0","startIndex":null,"start_times":[2392.688618,2392.731743,2392.988618,2393.258618,2393.348618,2393.708618,2393.888618,2394.068618,2394.158618,2394.608618,2395.298618,2395.658618,2395.868618,2396.228618,2396.918618,2397.098618,2397.248618,2397.638618,2399.168618,2399.438618,2399.558618,2399.772603,2400.558813,2400.938618,2401.037173,2401.258892,2401.718618,2401.868618,2402.108618,2402.198618,2402.288618,2402.648618,2402.850005,2404.088618,2404.238618,2404.418618,2404.658618,2405.018618,2405.138618,2405.618618,2405.828618,2406.008618,2406.398618,2407.118618,2407.238618,2407.688618,2407.759106,2408.558618,2408.738618,2408.858618,2409.158618,2409.218618,2409.338618,2409.488618,2409.578618,2409.818618,2409.998618,2410.118618,2410.358618,2411.768618,2412.30147,2412.458618,2412.578618,2412.681743,2412.758618,2413.028618,2413.148618,2413.958618,2414.138618,2414.228618,2414.588618,2414.708618,2415.788618,2416.313618,2416.718618,2416.988618,2417.318618,2417.498618,2417.798618,2417.918618,2418.668618],"words":["he","came","back","to","haunt","us","on","the","spm","side","so","we're","very","thoughtful","on","this","price","approach","course","we've","got","the","the","of","the","the","the","wind","and","are","back","with","inflation","so","we're","gonna","get","the","price","we","are","driving","productivity","to","offset","a","to","and","i","think","at","the","end","of","this","will","be","more","competitive","and","will","be","all","to","grow","the","business","on","the","backs","of","that","vs","some","just","working","on","price","and","margin","honestly"]},{"endIndex":null,"speaker":"spk_6","startIndex":null,"start_times":[2420.948618,2421.224478,2423.468618,2423.738618],"words":["or","access","thanks","chris"]},{"endIndex":null,"speaker":"spk_2","startIndex":null,"start_times":[2427.098618,2427.308618,2427.338618,2428.148618,2428.298618,2428.418618,2428.568618,2428.748618,2428.778618,2429.288618,2429.588618,2429.978618,2430.638618,2430.878618,2431.328618,2431.478618,2431.598618,2432.048618,2434.909482,2435.029482,2435.239482,2435.629482,2435.869482,2435.929482,2436.319482,2436.679482,2436.979482,2437.189482,2437.579482,2437.699482,2437.999482,2438.569482,2438.989482,2439.559482,2439.829482,2442.289482,2442.349482,2443.129482,2443.309482,2443.579482,2444.089482,2444.629482,2445.049482,2445.259482,2445.589482,2446.189482,2446.459482,2446.909482,2447.749482,2448.049482,2448.409482,2448.709482,2448.980215,2449.04356,2449.219482,2449.759482,2450.119482,2450.269482,2450.539482,2450.569482,2450.779482,2451.379482,2451.559482,2451.709482,2452.429482,2452.879482,2453.359482,2453.659482,2453.839482,2453.929482,2454.469482,2454.739482,2455.069482,2455.639482,2456.539482,2456.809482,2457.018966,2457.289482,2457.589482,2457.709482,2457.859482,2458.339482,2458.429482,2458.759482,2459.089482,2459.329482,2459.719482,2460.109482,2460.319482,2460.799482,2461.729482,2462.419482,2462.779482,2463.109482,2463.259482,2463.499482,2463.739482,2463.829482,2463.889482,2464.209265,2464.339482,2464.729482,2465.419482,2465.629482,2466.289482,2466.739482,2467.519482,2467.784865,2468.239482,2468.539482,2468.659482,2468.719482,2469.019482,2469.829482,2470.519482,2470.999482,2471.059482,2471.239482,2471.449482,2471.779482,2472.139482,2472.295312,2472.559482,2472.739482,2473.339482,2473.489482,2473.579482,2473.699482,2473.969482,2474.239482,2474.329482,2475.259482,2475.577566,2475.619482,2476.429482,2476.519482,2477.809482,2478.169482,2478.499482,2478.829482,2479.069482,2479.279482,2479.459482,2479.609482,2479.939482,2480.719482,2481.019482,2481.169482],"words":["as","a","reminder","if","you","do","have","a","question","please","press","star","than","one","on","your","touchstone","for","our","next","question","is","a","follow","up","from","my","curse","and","with","seaport","research","partners","please","proceed","a","higher","yeah","just","one","last","one","for","you","around","free","cash","flow","are","looking","not","even","a","be","adjusted","number","you're","quite","a","bit","behind","where","you","were","last","year","i","know","you","mentioned","the","higher","inventory","levels","are","but","maybe","just","as","we're","starting","to","think","about","free","cash","flow","for","next","year","ah","maybe","walk","us","through","some","of","the","put","him","takes","there","are","presumably","working","capital","of","becomes","less","of","a","head","when","i","expect","to","see","some","earnings","growth","in","there","but","also","how","do","we","think","about","the","cast","of","a","restructuring","and","repositioning","ah","into","next","year","as","well","as","kept","axa","next","year","wishes"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[2481.559482,2481.769482,2482.849482,2483.209482,2483.299482,2483.449482,2483.629482,2483.749482,2483.839482,2484.319482,2484.769482,2485.129482,2485.279482,2485.846989,2485.940457,2486.269482,2486.569838,2486.659482,2486.81109,2487.019482,2487.319482,2487.529482,2488.279482,2488.639482,2489.359482,2490.199482,2490.649482,2491.369482,2492.269482,2492.479482,2492.959482,2493.169482,2493.529482,2493.919482,2494.249482,2494.549482,2495.119482,2495.329482,2495.449482,2496.169482,2496.424233,2497.129482,2497.309482,2497.459482,2497.939482,2498.749482,2499.252092,2499.679482,2499.979482,2500.099482,2500.819482,2501.029482,2501.509482,2502.139482,2503.489482,2504.119482,2504.239482,2504.599482,2504.659482,2505.679482,2506.159482,2506.369482,2506.699482,2507.239482,2507.359482,2507.479482,2507.659482,2507.779482,2508.619482,2508.799482,2508.859482,2509.219482,2509.309482,2509.369482,2509.609482,2510.059482,2510.329482,2510.629482,2511.379482,2511.709482,2511.949482,2512.609482,2513.059482,2513.209482,2513.329482,2514.319482,2514.469482,2514.559482,2514.769482,2515.159482,2515.279482,2515.729482,2515.969482,2516.419482,2516.944124,2517.379482,2517.439482,2517.739482,2517.799482,2517.979482,2518.459482,2519.539482,2519.809482,2519.959482,2520.469482,2520.769482,2520.911345,2521.339482,2521.699482,2522.059482,2522.179482,2522.299482,2522.756155,2523.199482,2523.349482,2523.499482,2523.559482,2523.859482,2524.429482,2524.759482,2525.359482,2525.479482,2525.569482,2526.439482,2526.709482,2527.039482,2527.099482,2527.159482,2527.549482,2527.729482,2527.909482,2528.059482,2528.329482,2528.509482,2528.959482,2529.439482,2530.009482,2530.159482,2530.399482,2531.089482,2531.389482,2531.539482,2531.779482,2532.319482,2533.219482,2533.429482,2533.579482,2534.119482,2534.839482,2534.989482,2535.679482,2535.859482,2536.549482,2536.759482,2536.819482,2537.389482,2537.509482,2537.929482,2539.069482,2539.669482,2539.789482,2540.239482,2540.539482,2541.319482,2541.499482,2542.669482,2542.849482,2542.969482],"words":["this","year","i'm","in","i'll","give","you","a","general","comment","mike","and","then","will","probably","follow","up","with","out","with","more","specific","dates","habits","and","very","deliberate","decision","on","craig","and","my","part","early","this","year","as","we","saw","a","challenges","on","raw","material","pricing","and","indicate","pins","of","shortages","that","we","ought","early","and","we","bought","a","lot","and","were","very","deliberate","so","i'd","say","the","majority","of","the","change","in","the","free","clash","free","cash","flow","comes","from","increasing","physical","him","and","tory","what","i","am","pleased","to","say","is","that","at","throughout","the","course","of","this","year","we've","made","some","changes","within","our","supply","chain","group","and","i","think","yeah","we","have","a","very","talented","group","and","and","i","think","that's","part","of","the","reason","why","we've","been","able","to","improve","service","levels","to","some","customers","even","in","these","challenging","times","but","we","will","definitely","be","targeting","that","group","with","a","reduction","in","physical","inventory","wants","to","supply","chain","disruptions","have","abated","and","to","try"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[2543.149482,2543.449482,2543.659482,2544.319482,2544.469482,2544.709482,2545.039482,2545.279482,2545.639482,2546.62563,2547.379482,2547.619482,2547.864646,2548.159482,2548.519482,2549.059482,2549.809482,2550.109482,2550.199482,2550.349482,2550.769482,2551.249482,2551.309482,2551.549482,2552.299482,2552.479482,2552.689482,2553.169482,2554.459482,2554.729482,2554.879482,2555.25728,2555.539482,2555.629482,2555.839482,2555.929482,2556.499482,2556.649482,2556.709482,2556.799482,2557.129482,2557.339482,2557.429482,2557.879482,2558.119482,2558.269482,2558.419482,2558.509482,2558.899482,2558.989482,2559.109482,2559.139482,2559.499482,2559.919482,2559.979482,2560.309482,2560.399482,2560.819482,2561.179482,2561.329482,2562.109482,2562.199482,2562.499482,2562.679482,2562.799482,2562.949482,2563.009482,2563.249482,2563.459482,2563.999482,2564.149482,2564.375376,2564.449482,2564.749482,2565.139482,2565.259482,2565.409482,2565.591035,2565.715166,2565.949482,2566.279482,2566.429482,2566.669482,2567.029482,2567.149482,2567.269482,2567.359482,2568.049482,2569.129482,2569.29022,2569.759482,2569.849482,2570.239482,2570.479482,2570.569482,2570.659482,2571.139482,2571.259482],"words":["driving","that","improvement","in","free","cash","flow","next","year","to","be","as","so","i'm","michael","oliver","play","and","on","christmas","question","a","little","bit","on","this","too","so","we","we","decided","carries","his","ex","your","inventory","one","of","the","reasons","was","the","supports","over","i'm","from","a","commercial","i","have","a","commercial","background","to","support","the","commercial","teams","on","pricing","the","last","thing","you","want","to","do","with","customers","as","game","a","price","increase","in","and","tell","them","the","music","you","can't","service","them","with","the","product","self","we're","supporting","our","commercial","beams","in","our","customers","on","that"]},{"endIndex":null,"speaker":"spk_3","startIndex":null,"start_times":[2572.879482,2573.059482,2573.149482,2573.779482,2574.290903,2574.349482,2574.649482,2575.189482,2575.519482,2576.269482,2576.393481,2576.809482,2576.989482,2577.229482,2577.439482,2577.559482,2577.649482,2577.799482,2578.129482,2578.639482,2578.879482,2579.149482,2579.239482,2579.419482,2579.539482,2580.109482,2580.213926,2580.319482,2580.529482,2580.829482,2580.949482,2581.039482,2581.459482,2581.898203,2582.018203,2582.222856,2582.719482,2582.869482,2583.139482,2583.439482,2583.949482,2584.069482,2584.219482,2584.399482,2584.489482,2584.639482,2584.879482,2584.939482,2585.029482,2585.869482,2586.049482,2586.319482,2586.582686,2586.679482,2587.249482,2587.339482,2587.639482,2587.969482,2588.659482,2588.869482,2589.079482,2589.169482,2589.289482,2589.499482,2589.559482,2589.739482,2589.919482,2590.043452,2590.129482,2590.489482,2590.759482,2591.269482,2591.569482,2591.689482,2592.319482,2592.439482],"words":["we","have","about","fifteen","to","twenty","percent","more","cost","and","argument","or","this","year","than","we","did","last","year","about","half","of","that","is","inflation","in","the","other","half","is","the","decision","simon","i","made","major","to","carry","extra","volume","to","make","sure","we","can","serve","as","the","customers","so","will","reap","the","benefit","of","that","next","year","i'm","not","at","the","end","of","this","year","to","the","supply","chain","destruction","third","or","started","the","ah"]},{"endIndex":null,"speaker":"spk_1","startIndex":null,"start_times":[2592.589482,2592.979482,2593.219482,2593.609482,2593.789482,2593.999482,2594.179482,2594.239482,2594.660024,2595.259482,2595.409482,2595.769482,2595.829482,2596.039482,2596.249482,2596.519482,2596.939482,2597.239482,2597.809482,2597.929482,2598.109482,2598.169482,2598.289482,2598.379482,2598.529482,2599.489482,2599.669482,2599.879482,2600.269482,2600.389482,2600.749482,2601.646172,2601.919482,2602.125103,2602.519482,2602.639482,2602.819482,2603.068125,2603.299482,2603.539482,2603.839482,2604.024214,2604.319482,2604.469482,2604.799482,2605.219482,2605.429482,2605.639482,2606.269482,2606.479482,2606.629482],"words":["last","but","next","year","will","reap","the","benefits","that","we","expect","to","bring","that","down","slightly","next","year","but","just","to","give","you","some","numbers","we","do","expect","is","banned","i'm","probably","about","five","to","eight","million","dollars","more","cap","x","next","year","than","than","than","this","year","that","would","be"]},{"endIndex":null,"speaker":"spk_6","startIndex":null,"start_times":[2607.949482,2608.099482,2608.159482,2608.729482,2608.939482,2609.509482,2609.689482,2609.989482,2610.559482],"words":["on","the","projects","we've","identified","some","nice","productivity","projects"]},{"endIndex":null,"speaker":"spk_0","startIndex":null,"start_times":[2611.789482,2612.119482,2612.389482,2612.689482,2613.169482,2613.469482,2614.129482,2614.309482,2614.399482,2614.819482,2615.449482,2616.109482,2616.379482,2616.589482,2616.679482,2616.979482,2617.159482,2617.309482,2617.429482,2617.579482,2617.70042,2617.789482,2618.089482,2618.449482,2618.809482,2618.959482,2619.049482,2619.409482,2619.619482,2619.863716],"words":["i'm","in","in","mostly","north","america","on","the","spm","side","so","that's","where","the","number","will","be","i","will","be","at","forty","five","million","give","or","take","on","cat","backs"]}],"transcripts":null,"speaker_labels":null},"buildVersion":"631","companyName":"GCP Applied Technologies Inc.","exchange":"NYSE","isApproved":true,"optOut":null,"isTranscriptPreview":null,"securityName":"GCP Applied Technologies Inc.","symbol":"GCP","site":{"siteMetadata":{"title":"EarningsCall","buildVersion":"631","buildTime":"2022-05-18T15:06:10.110Z","commitId":"e1633040","stage":"prod"}}}},
    "staticQueryHashes": []}