Josh Spector : Thanks. And just a quick follow-up on the acquisition. So I mean, you cited earlier maybe 1% or so of performance. Did you report that in volumes? And I guess, is that how you plan to report M&A forward? I guess, why not separate it out to make the organic volume more clear or so?
Carl Anderson : Yeah. I mean, it is reported in volumes as well. And given the size of that particular acquisition, it was relatively small. Obviously, depending on where we end up on the next one, we would have — we would evaluate and most likely break that out for you.
Josh Spector : Okay. Thank you.
Carl Anderson : Thank you.
Operator: Our next question is from John Roberts with Mizuho. Please proceed with your question.
John Roberts : Thank you. Chris, I think the prior management switched from EBITDA to adjusted EBIT back in 2019 to get the organization focused on reinvestment and growth and to have some capital allocation in the earnings numbers. Why the switch back to EBITDA right now?
Carl Anderson : Yeah, I’ll start, and this is Carl. I can turn it to Chris. As we look at just how we manage the business across our business units, it is on — it’s more on an EBITDA basis. I think one of the key items that we are really going to be driving the organization is return on invested capital performance. And we will be kind of using that as we approve new capital investments in the business, we’re going to be attacking that, if you would, on the front end of the process as opposed to — especially given that all of the team now is in place, we have operations kind of running up and being run by each of the BU presidents. So that’s how we kind of run it. I would — but I would tell you that we’ll have a very keen interest, and we will be highly focused on getting our return on invested capital to levels, candidly, the company has not achieved before.
Chris Villavarayan : And maybe — I think Carl has captured most of it, but maybe just stepping out and maybe just to level off. And overall, the perspective I have is some of those choices that were made in the past of growth for the sake of growth is something that we have to change. And really that ROIC metric and driving it into EBITDA became more significant as I thought — as we repivot the company. And I think that’s where we really drove the decision to first drive the operational teams into the P&L and have the BU teams run it as one unit and be responsible for the choices that we make. And as we can see with our first acquisition under the Refinish team, we certainly are seeing that performance come through. And that’s how we’d like to manage going forward.
John Roberts : And then were Powder Coatings volumes up in the quarter? Or were they down in line with the overall Industrial Coatings segment?
Carl Anderson : That was roughly in line with the overall segment itself.
John Roberts : Thank you.
Carl Anderson : Thank you.
Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.
