Jeffrey Graves: Yeah, Troy, you put your finger on it. It was really reflects a basically a build-up of inventory in our customer base with some of the implantable devices. So that degraded our printer sales in the quarter and it really was exclusively that. So both the production of implants and the sale of printers into that space was depressed. The personalized healthcare side was up very nicely. That was up 7%. And again, it’s driven by specific applications within the orthopaedic space. So, you know, the specific 510Ks we have for different joints in the body, if you will, those kind of things. Demand’s strong, personalized healthcare, we’re very excited about it. It’s delivering consistent year-over-year growth with very strong margins.
So I’m very glad we’re in that space. What hurt us in the quarter, Troy, outside of orthodontics, the dental, was the sale of printers and in part the sale of parts into the med device space where there was a build-up of inventory and I have to say their husband in cash as well and watching their CapEx spend, again, given that they’ve got some inventory available. So I expect it to be short-term, but it was a real headwind in the core.
Andrew Johnson: And I’d also add, Troy, this is Andy, that you mentioned a competitor and their performance. If you actually do an apples-to-apples in terms of the same sort of business, we’re right in line with their low double-digits growth. Our personalized healthcare includes some other things in there, but when you look at it comparatively, we’re right in that same growth profile. The neat thing, Troy, and I know you follow this closely, that anything in that whole space is the cost of customizing implants or near custom implants for people is coming down so nicely that that marketplace has really continued to just normally expand. It’s great. It brings a better solution to patients and faster and better delivery and lower cost implants for people. So it’s opening up nice market space. I really expect that trend to continue for years to come.
Troy Jensen: All right. Love to hear that. And did I hear you guys say in the prepared remarks that your material business was weaker or down? And I’m guessing that might have to do with inventory levels at the bigger economics, but any thoughts?
Andrew Johnson: Yeah, that’s right, Troy. Yeah, that’s exactly right. That’s exactly right. It was predominantly driven by that market vertical.
Troy Jensen: Okay. All right, gentlemen, well, good luck going forward, and I’ll see you in a few hours.
Jeffrey Graves: Thanks, Troy. It’s good to hear your voice.
Operator: Thank you. We’ve reached the end of our question-and-answer session. I’d like to turn the floor back over for any further closing comments.
Jeffrey Graves: So let me just close by wishing everybody well. Thank you for calling in today and we look forward to updating you again next quarter on the year and outlook for the New Year. Thanks and have a great day.
Operator: Thank you. This does conclude today’s teleconference and webcast. You may disconnect your line at this time and have a wonderful day. We thank you for your participation today.
