Operator: Thank you, David. We have our next question, comes from Anthony Pettinari from Citi. Anthony, your line is now open.
Asher Sohnen: Hi, this is Asher Sohnen on from Anthony. Thanks for taking my questions. Just following-up on a previous question around share. As availability in PVC and some of your other products kind of normalizes, do you expect to seed a portion of that share back to competitors or share kind of a little bit more sticky than that?
Steve LeClair: Well, certainly, as we look at one product category and another with availability, what we generally see with the projects that we execute are a series of different types of product categories that go into each project. So if you can imagine, there is pipe valves fittings, there is hydrants, there is €“ you name it. So having access to be able to complete a full project is really the strength that we provide. And we still have, what I’d say, a pretty significant competitive advantage right now and the ability to gain share by doing complete projects along those lines. So while we may see one product category or a couple become much more available in lead times get back to normal. We still see the opportunity with a lot of these specialty products that have limited availability right now and extended lead times to have an advantage for us.
And beyond that, we’re obviously working to continue to share our value proposition with all of our new customers as we go through here and continue to win their business on a go-forward basis.
Asher Sohnen: Right. Yes, that makes a lot of sense. And then my next question is sort of just specifically on the residential end markets. As that market slowed? Do you see prices kind of slipping there or is maybe prices for €“ across your end markets kind of €“ set across the end markets and maybe the demand from public will try to buoy that pricing?
Steve LeClair: Yes. Certainly, what we anticipate is that for a lot of the products that go into new lot development are essentially used in the municipal space as well, too. So the prices tend not to be swayed by one sector or another. And I think we’re watching closely to see how this infrastructure build and those funds start flowing. So there is some €“ we would like to see that as if residential does get soft, the ability for municipal to pick up on that infrastructure bill will help support some of that volume we may see that could be reallocated into the municipal world as those budgets increase and we start seeing those funds flow.
Asher Sohnen: Thanks. That’s very helpful. I will turn it over.
Steve LeClair: Thank you.
Operator: Thank you. We have no more further questions on the line. I will now pass back to Steve for closing remarks.
Steve LeClair: Well, thank you all again for joining us today and your interest in Core & Main. We are very proud of our third quarter performance and our ability to drive profitable growth and operating cash flow. We are confident that our underlying demand trends and impending investment in the U.S. water infrastructure paired with our robust M&A pipeline and key growth initiatives will position us to achieve sustainable growth for the remainder of 2022 and beyond. Thank you for your interest in Core & Main. Operator that concludes our call.
Operator: Thank you. Ladies and gentlemen, this concludes today’s call. Thank you for joining. You may now disconnect your lines.
