Kevin McNamara: With one caveat, David, Roto-Rooter is going to have a very difficult comparison of the first quarter. First quarter was before the slowdown, and so they had excellent — had good weather and so had an excellent first quarter. These numbers we’re talking about are for the year, not in the first quarter.
Dave Williams: Q1 will be challenging and I love the margin that we’re pulling out right now. So, yeah, it’s without a doubt the hardest quarter to lap is going to be Q1 of 2023. After that, actually, it gets — the bar gets easier to hurdle.
Joanna Gajuk: Thank you. That’s a lot of details. But my — just a last follow-up on the — so you mentioned the kind of that industry level trends are indicated you’re not losing, sure. But also if we think about the two different businesses, so if you talk about like the water restoration and you gave us the job countdown, but then I guess as we think about the commercial versus residential, any difference in behavior there, where it’s, I guess, similar? And I guess to that end, are you exposed to like the building activity slowing down or you kind of your commercial business is more diverse and you don’t rely, I guess, on new ads, the housing stock? Thank you.
Dave Williams: The commercial business tends to be, what I’d say, less discretionary because they’re trying to keep things open. The number one commercial cohort we have is actually multifamily housing. Then the number two turns into restaurants. The restaurants are exactly volume-driven, and if they’re getting a lot of in-restaurant dining, that’s where our volume comes from there. So, it’s not really deferable on the commercial side, it just comes down to how often they’re using your equipment and their drains and their plumbing systems, that triggers our repairs. And actually commercial right now, it is, what I would say is slightly outperforming residential.
Joanna Gajuk: Great. Thanks for the color. Thank you. Yeah, right. Thank you.
Operator: All right, thank you for your questions. I’m showing no further questions at this time. I would now like to turn it back to Kevin McNamara for closing comments.
Kevin McNamara: The only comment I have is, we were gratified that we had what we thought was a great operating quarter. Really it was gratifying to see the retention program bearing such fruit of VITAS. Roto-Rooter, very happy that we’ve kind of normalized the activity. Very gratified that to the extent that we have our close rates in Roto-Rooter indicate — and expense control indicate good field — excellent field-level management, and we look forward to a good close to the end of the year. But with that, I’d like to thank everyone for their attention. And I guess we’ll have another one of these in February, at which time we report on the fourth quarter and our guidance for next year. Thank you.
Operator: All right. Thank you for your participation in today’s conference. This does conclude the program. You may now disconnect.
