Glenn Coleman: Yes, I think we would expect Byte to continue to have healthy growth going forward beyond 2024. So, I’m not going to say it’s going to be 20% plus, but certainly, it’s going to be a faster-growing part of our portfolio even beyond 2024. Maybe you can comment, Andreas, on the 3D printer?
Andreas Frank: Before I do so, just staying on Byte for a moment, Jason. We demonstrated last year that we’re able to drive net income performance on the Byte platform. That is an inherent assumption of ours going forward as well despite the investments we’re making to tap into the opportunity that has presented itself. We’re not looking to get all of the opportunity that’s presenting itself, we’re getting — we’re looking to get the profitable opportunity that’s presenting itself.
Jason Bednar: In terms of the resins and the printing equipment, the — what gives us confidence there I think is the shift of the market looking for a safe and secure and a connected solution that is applicable to their office, right? So, we’re moving from sort of this very early adopter technology segment in printing to a more sort of workflow focused customer segment, and that’s where our Primeprint is positioned, and that’s sort of where we’re looking to grow our solution here and also integrating our materials and our workflows for dentures and sort of other splints, printed impressions, drill guides, the usual sort of applications that you would see in an office with Primeprint.
Jason Bednar: All right. Thanks so much.
Simon Campion: Thank you.
Operator: Our last question comes from the line of Michael Petusky with Barrington Research. Your line is open.
Michael Petusky: Good morning. I may have possibly missed this, but I don’t think it was mentioned. Did you guys talk about any impact quantification of how Shine’s issues may have impacted your fourth quarter? Is there any talk about that or if not, can you talk about that? thanks.
Glenn Coleman: Yes. No, we haven’t mentioned anything around that impact. I would just say we’ve built some conservatism into our guidance back in Q4. We really didn’t have any significant impact from that incident. So, obviously, there was some impact, but you have also some dynamics of where we saw improvements in other orders coming from dealers. So, for our business, minimal impact, and that’s all we’re going to say about that. Thanks.
Michael Petusky: And then just a quick follow-up on Byte, which is popular today. I hear the great data point about the impression kit ramp and also some of the orders starting to follow through. I’m assuming, though, when you say, hey, the conversion rate, we expect that to improve it. You haven’t seen evidence yet of that. Is that fair?
Glenn Coleman: That’s fair. Our conversion rates are pretty consistent from what we’ve seen in the last couple of quarters. So that’s correct. I do believe, though, if Byte Plus is successful, and that’s our hybrid model, that could potentially help our conversion rates tick up, but we have not seen it yet
Michael Petusky : All right. Very good. Thanks guys. Appreciate it.
Glenn Coleman: Thank you.
Operator: And this concludes today’s question-and-answer session. I would now like to turn the conference back to Simon Campion for closing remarks.
Simon Campion: Thank you. Thank you, operator. So thanks to you all for joining today’s call. Before we close, I would like to leave you all with some key points. Firstly, we are well positioned in attractive industries. We have the largest end-to-end dental portfolio that is more than 45% digitally connected. We do have leading brands and strategic objectives that focus on high-growth areas such as aligners, implants, our digitalization strategy enabled by DS Core and Continence Care. Secondly, our transformation is taking place. And while there is more work ahead, we do have a clear and actionable path to accelerate profitable growth. We expect that 2024 will be an inflection year for improved profitability and adjusted EPS growth.
Thirdly, we are building a durable, sustainable business that’s better positioned to navigate external challenges and capitalize on new market opportunities as we move forward. We remain with our conviction that we are on the right path to deliver meaningful value over the long-term. As you may have already seen earlier today, we also announced Eric Brandt’s intent to retire from the Board of Directors following our May Annual Meeting. Eric has served as a Director of the company for nearly 20 years and as Chairman for six years. I would like to express a sincere thanks to Eric for his many years of services to Dentsply Sirona and wish him all the best in his future endeavors. And finally, on behalf of our management team, I would like to extend our gratitude to all our employees for their tenacious commitment to the business and the ongoing transformation process.
And we especially want to express our appreciation to those employees who have been impacted by our restructuring program and wish them the very best in their future endeavors. Thank you.
Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.
