Vic Grizzle: You’re welcome.
Operator: Thank you. Our next question comes from John Lovallo with UBS. You may proceed.
John Lovallo: Good morning, guys. Thanks for taking my questions. The first one was you mentioned €“ you mentioned the strong growth in 2022 for Healthy Spaces and then also talked about the CARES Act and the education funding in there. I mean, do you see education as a real opportunity in 2023 for Healthy Spaces?
Vic Grizzle: Yes. I think education was actually a strong point for us in 2022, obviously, got overshadowed by a lot of other dynamics. But yes, I think based on what we’re seeing in the bidding activity, and the money being spent there, again, to improve air quality, in particular, in schools. And with our product portfolio, I think it’s an opportunity. Again, there’s no question about it.
John Lovallo: Okay. That’s helpful. And then in terms of Architectural Specialties and maybe some of the slowing that we’re just seeing and just broadly in the economy. I mean, are you seeing any opportunities on the acquisition front present themselves given the slowing?
Vic Grizzle: I wouldn’t tie it just a slowing activity. I think we’ve been proactive with a lot of these companies that are not for sale. So, I wouldn’t say there’s a step change in interest level based on a slowing economy, I wouldn’t attribute at least the advancement of our pipeline to that specifically. But we’re very active in building the pipeline. We’re committed to doing more in 2023. So I like €“ again, I like how our pipeline is building out the developing. So, however they get into the pipeline, but I’d say a lot of these pipelines, as we’ve talked about, John, is €“ these companies are for sale, and we’re developing the, kind of relationships with them when they’re ready to sell, and they believe in the vision that we have to take these companies forward, then we’re obviously in the pole position to acquire these companies.
That’s how we’ve kind of done the majority of the eight deals that we’ve done already. So, I think it’s kind of more of that going forward.
John Lovallo: Got it. Thank you guys.
Operator: Thank you. Our next question comes from Stephen Kim with Evercore ISI. You may proceed.
Stephen Kim: Yeah, thanks a lot guys. Lot of and good info already provided. A couple of quick ones from me. In Mineral Fiber, you talked a little bit about positive mix. I was curious, if you could be a little more specific about what you’re seeing there? And then I think there was a little bit of a difference in AUV for the whole company versus Mineral Fiber. So, does that mean Architectural Specialty saw a little bit of AUV pressure? And do you expect that to continue into 2023 to any measurable degree?
Vic Grizzle: Yes. Let me grab the second one first on AUV because in our AUV numbers, we don’t include Architectural Specialties. So, that’s really a Mineral Fiber number. Given the project nature and the cost of nature of Architectural Specialties, we choose not to pollute that metric. So, anything you’re seeing in AUV is really Mineral Fiber, is all Mineral Fiber driven, okay? And we’re expecting above historical performance in AUV, primarily because we’re going to get good like-for-like pricing again against a more modest inflationary environment, but still an inflationary environment, plus the missing component of mix, which as you alluded to, I think in 2022, we had channel mix, in particular, in our retail channel and our highest AUV channel being softer, we had a negative channel mix going on.
That should normalize in 2023, and we’ll get back to positive channel mix, as well as product mix, at least a neutral channel mix, I’ll say, and a positive product mix coming through, contributing and adding to the like-for-like pricing that we expect to get based on the inflationary context that we’re operating in 2023. Did that answer your question on AUV in particular?
