Mark Sheahan: Yes. Thanks. Thanks for bringing it up to Inga’s been on my team now for almost 2 years, I think it will be 2 years in January. And Inga and Ryan Patrick, who works with Inga have done a really nice job of working with the business units, in developing our M&A pipeline of ideas and companies. It’s interesting. I would tell you that a couple of years ago, I probably could have walked around the company and asked people to give me their M&A pipelines. And I might have come up with 100 companies. But I would say that less than half of them had been fully vetted, where we actually knew about the company. We knew who to contact. We had a good understanding of what the strategic fit was and why they might be an attractive target.
So — what we’ve been doing in the last year or so, is really sorting through those pipelines and adding to them where it made sense and taking out some of the companies where we really didn’t have a good strategic vision. So as I sit here today, I think we have over 100 companies in our pipeline. They’ve all been fully vetted. Of course, there’s a lot of things that go into whether you can actually do a deal or not, but I feel like we’re in better shape today than we’ve been for quite some time in terms of the robustness of the pipeline, the quality of the pipeline and the quality of the discussions that we’re having with companies that we’re interested in.
Operator: Our next question comes from the line of Deane Dray with RBC Capital Markets.
Tyler Voigt: This is Tyler Voigt on for Dean. My first question, just can you give us a sense for what the monthly cadence of sales were? Was it decelerated as the quarter went on? Or any color there, as well as how things are trending in October.
Mark Sheahan: Yes. I think the cadence was pretty stable, to be honest with you, it’s been hanging in there. The comps are interesting, right, because of last year with all the pricing stuff that we did. And the supply chain constraints and people placing orders ahead of time just to get into the queue, that type of thing. But in terms of the absolute level of orders that we’re seeing across Graco, I’d characterize it as stable at this point.
Tyler Voigt: Great. That’s really helpful. And then do you mind just touching on how inventories are looking in the channel at both the home center and pro paint?
Mark Sheahan: Yes. When we probe our team on that topic, which we do frequently, particularly in the home center and at the retail paint stores, where we sell product to. The feedback that we’re getting is that the pipeline of inventory is in good shape. It pretty much matches up with the level of activity that they’re seeing in the marketplace. I can’t tell you that, that was the case a year ago. I think a year ago, they may have still been playing a little bit of catch-up in terms of trying to build up their inventory levels. And this year, the feedback that we’re getting is that folks feel like things are in pretty good shape. You probably know that the home center has been challenging this year. Foot traffic is down. The big retailers have reacted to that. But again, I think that they’ve worked through any excess inventory that they may have had as their foot traffic came down, I think we’re in a good spot right now.
