And then on the market, you’ve been around this longer than I have, but that can swing very significantly in a short cycle business because it’s fundamentally a replacement business. And a few hot weeks in the summer, you’re going to see demand really pick up significantly. So we think we calibrated volume correctly there, but we’ll have to see how the rest of the first half plays out. Again, tough comps in the first quarter. But even just yesterday, we were doing a review of the resi and demand is — continues to be there from many of our key customers and some of our issues are just continuing to keep up with that demand.
Steve Tusa: Okay, great. Thanks a lot for the color, appreciate.
Operator: And our last question in queue coming from the line of Gautam Khanna with Cowen. Your line is open.
Gautam Khanna: Good morning guys. Can you tell us how far out your booking — according Truck Trailer orders?
David Gitlin : Yes, second half of the year. So we looked at it. We’re just now opening our order book for the second half of the year.
Gautam Khanna : Okay. And was that in Q4 or now in Q1?
David Gitlin : Now. I think we might have taken on discrete order for Q3 in Q4 for a specific reason. But basically, we only opened our order book now for the second half.
Gautam Khanna : Okay. That’s helpful. And I was wondering if you could talk about inflation in the supply chain this year on your Tier 2 components, so not commodities. But just in aggregate, what is the pressure you’re facing from component suppliers and the like?
David Gitlin : Well, I know they’re not raw materials, but we do see — on that piece, we should see some benefit. They’ve been swinging quite a bit. I know that’s not the heart of your question, but we sort of block ourselves on the steel piece, which should be down from last year. Patrick mentioned, we had the hangover from really good pricing in the first quarter of last year on steel. So as we get out of 1Q, we see the benefit of that. Copper and aluminum down from last year. We did see a bit of an increase recently, but we still expect year-over-year benefit. And then what we’re going to see with our Tier one’s is, you probably have two categories. You have some that have gotten a fair amount of inflation from us and our peers over the last 12 months that we’ll continue to try to push inflation.
Then you’ll have some that are thinking for the long term and trying to build long-term relationships with us and that we won’t get the level of inflation because they will look at trying to take volume from those that continue to push inflation. So for those that really want to be on the journey with us for the long term, they will be the beneficiary volume that we will shift from those that are continuing to push inflation our way. So net-net, it is our job, and I think our opportunity to really start to make a very conscious shift of our supply chain partners. And we were on that path. We had to pause it a little bit because of some of the supply chain challenges we saw last year. But I can tell you for sure, we’re going to get back on that path in a very aggressive way here as we go into ’23.
Gautam Khanna : And just last one, Dave. You talked about price and resi. I’m curious historically, and maybe what’s your view on this cycle with respect to the minimum here? The 10% to 15%-point difference between the prior minimum. Do you think that holds or does that fade over time? I’m just curious like how sticky is that pricing on the minimums here? Thank you.
