Daniela Costa: Hi. Good afternoon. Thanks for taking my question. Just wanted to ask on three things real quick. But in terms of sort of capital allocation and just wondering if you could elaborate on how you’re thinking about the buyback and going forward once the current one finishes what are the priorities buyback versus M&A? Maybe comment on that. I’ll ask one at a time.
Oddone Incisa : Yes, Daniela, we have — we set up this buyback program in July last year for $300 million. We are executing on that. We are coming now pretty close to the end of it. What we have in our plan for the year since we are doing the delisting from Milan and single listing in New York, we expect that there will be some offloading of our shares from European investors there will be likely higher demand for North American investors. But we are prepared and we discussed with the Board last quarter, and we are prepared to have a specific program that will be announced where we announced — what we get in the final days of the delisting and that will be a considerable size. So we are keeping some balance sheet available for that.
Daniela Costa : Great. My — one of my questions was actually going to be for an update on timing of delisting, which you’ve said sort of slightly before end of year last time if that’s still on track based on your…
Oddone Incisa : Right. Right. We think that we are — we have all the elements for being online — on track with this end of the year.
Daniela Costa : Okay. Thank you. And then a final one just on delinquencies. I guess, what you show in the chart is still much longer — much lower maybe than periods over history, but it started to creep up whether do you think this has in any shape related to demand or interest rate situation or just is a normalization you see track to?
Oddone Incisa : It’s mainly linked to the Brazilian portfolio. We don’t see any increase in the other portfolios. We had some in India, but it’s a very small portfolio. It’s mainly Brazil. Brazil we have a concentration of payments in the month of May, and we typically have higher past dues in the second — at the end of the second quarter, which would typically reduce as the quarters move on. And we are confident that we’re going to get back to lower levels in the next couple of quarters. But there is really on the North American and European portfolio we don’t see any creeping of delinquencies.
Daniela Costa : Got it. Thank you very much.
Operator: And the next question today comes from Michael Feniger of Bank of America.
Michael Feniger: Hey, guys. Thanks for taking my questions. Scott, can we just frame you kept the 2023 sales guide, but you highlighted the sprayer issue in Brazil. Just curious if you could kind of frame how much of an impact that’s having on the full year guide?
Scott Wine : Zero impact on the full year guide. I mean, that — we are — like I said in the prepared remarks and in some of the follow-on questions, the sprayer issue, it was a short-term issue done for the right reasons, but we’ll make up — we’re already shipping those sprayers and we’ll get the full allotment out to customers in the third and probably some into the fourth quarter. So that was that. We took our medicine in Brazil in the quarter, so we don’t have to take it again. So dealer inventories it’s really about driving retail performance. Rafale and team down there are really doing a nice job on market share. We’ve got great plans, I think to continue to accelerate share gains in the second half. So therefore with leaner inventories and better share we should also get better performance. So we feel neither one of those would be repeated in the second half. In fact there are tailwinds actually for going into the second half.
