We anticipate 2023 capital expenditures will be in the range of $200 to $240 million including the $38 million carried over from 2022 into 2023. The high end of our range is still below the $250 million CapEx placeholder we shared at our investor conference. We are carefully managing our maintenance capital spend to ensure assets are in ramp-ready condition. Our 2023 CapEx includes capital for the titanium melt brownfield expansion project and 35% production increase from existing assets.

Feb 2, 2023 / CFO / receipt, needs a key / Don Newman, CFO | earnings call 2023-02-02 | transcript 3d03bedb-40fb-4243-a567-fb556d3849aa | chars 20997-21490 | segment 21

Next, corporate costs should increase due to higher base and incentive compensation levels, along with elevated travel and business transformation expenses.

Feb 2, 2022 / CFO / receipt, needs a key / Don Newman, CFO | earnings call 2022-02-02 | transcript c635fad1-7f0a-4efe-b9e8-24c0a6612b73 | chars 20160-20316 | segment 21