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#Thank you.
As I mentioned, there's a couple of items that occurred in the second quarter for Metals and some asset sale gains coupled with some, as I mentioned, some very positive results from our applied products, in particular, Reed Minerals businesses, which we don't expect to be retained.
I think the margins should be, they should be consistent with the preceding quarter, previous year's quarter, a little better, and slightly down sequentially from where we saw in the second quarter.
Improved margins over ---+ there's going to be improvement year-over-year, but it will be more or less down from the sequential quarter in this year in the matters I just mentioned.
I think we've, over the past couple of years, shown that the aftermarket business has continued to exceed our expectations.
My view and expectation is that the aftermarket business continues to grow.
In terms of cost reduction, as you know, we've largely built the global Rail business internally, as opposed through M&A.
So we have had some pretty significant expectations for further investment this year that we're just dialing back a bit.
It's a few million dollars.
To put it in context, so if you compare the prior year, the improvement in SG&A is roughly $2 million, about a similar amount in the quarter year-on-year in the aftermarket improvement as well.
No, there is not, only to say, one of them was brought back in and relaunched.
So that process is effectively starting over.
Another one, we would expect to hear probably in the next six months or so.
And then another one could be much sooner than that.
Yes.
The guidance we put forth, and I mentioned earlier, for Brand, the equity income pick-up is reflective of the dilution that we've already talked about.
That's assuming we don't make any more payments for the rest of the year, which is what our plan was to be.
