Ann: Chairman's Address to Shareholders, page-5

Lynch is indicating that excessive demand is limiting TWD's ability to close contracts. This should mean that the advertising budget will reduce somewhat to offset some of the price increases. If their Senterprisys software system lives up to its expectations it should carry them through this type of crisis without as much difficulty as some of the other building companies might suffer. The best takeaway is to hear that they still expect that this year will run at about the same level as FY21. Given the headwinds that is good enough for me.