And last, but not least, I think this is an important point to recognize, which is that, we are a company which is not driven if you will by raw material commodity prices. We are in essence a converter of materials. And with that we don't have a high correlation of our profitability to the underlying raw materials.
So there are others that are vertically integrated and when titanium, they are very price, they will be very profitable and when titanium is low, they will suffer, or nickel, but that's not our case. We have very effective surcharge mechanisms. We have very differentiated products with long-term agreements. So our profitability is not fundamentally correlated with nickel prices, or titanium prices.
So in summary, this is a quick baseline. You’ve got a 123 years of experience. We are very much in the 1% and in fact, I am proud to say that, we are the 1%. And we feel good about saying that. We are in the 1%, but we are talking about the 1% of the metals market, that's truly specialty. We think it's a very unique competitive position that’s not dependent upon raw material prices. And so much of our business is focused on aerospace and energy.
Okay, we are here to talk about the future, but it's only appropriate to talk about what we said we are going to do and how do we execute against our agenda that we put forward to you just 18 months ago. And I think when you see the results, I think you will see that at least from our perspective, we’ve executed well versus what we said we can do.And to that end on page 13, this is actually the same page if you were to pull out the Investor Day presentation from 18 months ago. This is what we said, we are going to do as a company. We are going to optimize core, regain our profitability. We are going to accelerate with acquisitions, develop new technology, while strengthening our foundation to make sure that, we were becoming the most profitable, most global, and most respected company in the specialty metals market.
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