Annual SG&A expense was $5 million lower than 2022, despite absorbing an extra week, reflecting our expense management initiatives and lower incentive compensation costs.

Mar 19, 2024 / CFO / receipt, needs a key / Jack Calandra, CFO | earnings call 2024-03-19 | transcript acc790df-f743-483f-a01d-bffac9907656 | chars 17954-18124 | segment 18

We still expect to generate $20 million of in-year savings from our expense management initiatives and have identified additional opportunities for cost savings in 2024. As a result, we are increasing our one-time charge to $7 million and increasing our projected savings on an annualized basis to $35 million to $40 million.

Nov 21, 2023 / CFO / receipt, needs a key / Jack Calandra, CFO | earnings call 2023-11-21 | transcript c397c782-e77f-4050-9736-a84d15d6ec13 | chars 19346-19671 | segment 19