Bob VanHimbergen: No, no. Dan, that will get us back to kind of the new kind of 1% to 3% €“ we’ll be down 1% to 3% when you adjust for the Omicron impact we had in Q1 and Q2, right? So we’re kind of down high single digits. But again, most of that’s going to be first half and then we’ll be in that kind of 1% to 3% secular decline after that. So consider it back to normal.
Kim Ryan: Right. And remember, Dan, the model that we kind of tried to get everybody’s head around was taking that 2019 pre-COVID number and then kind of modeling that for the normal secular decline we see in this market and kind of drawing that trend line, plus or minus, and that when we arrived back post COVID, it would come back in that range, and that’s where we are.
Bob VanHimbergen: Just one final point. And so we’re talking volume, obviously. And so we do have pricing in place with the surcharge. And obviously, with a deflationary environment, there could be risk that our pricing does come down, well, that’s going to be slow to do that. But should that happen, our margins will actually improve but will still be covered on a dollar-for-dollar basis.
Daniel Moore: No, it makes sense. I asked it just because the €“ if you look back to 2019, it’s at a different dollar level given all the inflation and costs you’ve had to pass through. And then lastly, you can’t blame me for asking, just any preview of the Analyst Investor Day, not necessarily numbers, but what types of long-term targets might you be thinking about in terms of end markets, adjacencies and kind of the longer-term opportunities?
Bob VanHimbergen: Yes. I mean so we’ll give some clarity around financially, I’d say, through 2025. So think three-year horizon. But obviously, we’re going to provide a lot of color on some of the strategic investments we’ve made and the impacts that our Hillenbrand operating model has provided and will continue to provide going forward.
Kim Ryan: Obviously, we’ll obviously share as well the new strategic markets, the size of those markets, the growth trends that we are €“ that we’re expecting both in the shorter and longer term and how we will play in those markets given that recycling and food especially have been areas that we haven’t historically talked a lot about, and we’ll have a lot more color on that as well as, obviously, that’s a much differently sized part of our portfolio as we come into Investor Day. That’s another great end market that takes advantage of all the skills and capabilities that we have as a corporation, and we’re excited about the diversity that, that provides from an end market perspective in our portfolio.
Daniel Moore: Very good. Look forward to it. I appreciate the color.
Kim Ryan: Great. Thanks, Dan.
Operator: Thank you. At this time, we’ve reached the end of the question-and-answer session. I’ll now turn the call over to Kim Ryan for closing remarks.
Kim Ryan: Thank you. Thank you again, everyone, for joining us on the call today. We appreciate your ownership and your interest in the transformation going on here at Hillenbrand. We look forward to talking to you again in December at our Investor Day and then in February when we will report our first quarter fiscal 2023 results. I hope you all have a safe and healthy Thanksgiving holiday. Thank you again for joining us this morning.
Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.
