For 2027, we introduce our estimate for 4% revenue growth, which we expect to outpace increases in operating expenses, supporting our estimates for EPS of $1.12 and a 4.2% operating margin, up 80 basis points year over year and versus our estimate for 2.4% in 2025. At the end of 2Q:25, SGC had $21 million in cash and $99 million in total debt. The company has bought back $8 million in common stock in 2025 and is authorized to buy back an additional $12 million in shares. We maintain our moderate risk rating and $20 price target, which is now based on 18x our 2027 EPS estimate of $1.12. (Previously, our price target was based on 18x our prior 2026 EPS estimate of $1.10).