I think I would point to this quarter. We delivered in the seasonally weakest quarter a 32% adjusted EBITDA margin. I don't know that we noted it in the call, but labor was down approaching 50 basis points from prior year period as a percentage of revenue. So we are managing it, I think, very closely. Our field does an exceptional job of managing all expense lines, labor included, as a percentage of net revenue, which is how we look at the business. And so that's a dynamic thing that we are doing on a daily basis at every one of our locations. You know, the special waste business, as you were asking the question, you know, that's a landfill business, so it's a high fixed cost, low variable cost business. So it certainly is somewhat volume dependent. But, you know, I don't think you will find us, you know, in any environment hiding behind, you know, expense management or lack of expense management as an area of margin concern. That's not how we run the business, and we will deliver on the margin irrespective of what's transpiring in the revenue line.

Apr 24, 2025 / CFO / receipt, needs a key / Mary Ann, CFO | earnings call 2025-04-24 | transcript b71816c6-90d3-4834-9792-f59cd612db9f | chars 41234-42299 | segment 41