The company said, "We are pleased by the solid progress we demonstrated in the last quarter of 2022, as our team accelerated the awards won, and we began to work through our backlog. With the higher revenue expectations we are sharing for 2023, we are confident that this trend will continue. While 2022 was a challenging year industry-wide due to supply chain issues, we believe our success in securing new business awards and our increased productivity and throughput position us well to continue to lead the transition to alternative forms of energy in the markets we serve. Moreover, as additional guidance on the Inflation Reduction Act of 2022 is released, we expect the positive momentum to continue in 2023 and the years ahead."
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