George Staphos: Understood. My other question recognizing this is a bit tricky and you’re not guiding on 2024, but here comes the question. So we know building a better IP, which you’re doing very well on, congratulations we will add, I think you said from the slide another 150 to 125 next year. If we look at what the price index change that have occurred to date, making no further assumptions one way or another going forward, what would the impact of that be into 2024 in terms of EBITDA? We know what your guidance is. We know what building a better IP does. What is the effect of prior price changes on EBITDA for next year, and what is the – what do you have in the back pocket in terms of all the operating efficiencies, all the optimization that you’ve done as well as you look out to 2024? Thank you guys and good luck in the quarter.
Tim Nicholls: Hey George, it’s Tim. You’re right. That’s a tricky question, but I’ll give it a shot…
George Staphos: But who better interest than you, Tim, so?
Tim Nicholls: Yes. Thanks, George. So we look at the price carryover impact but I hesitate to quantify it for a lot of reasons, but one in particular is just we’re sorting through mix and mix is going to change and so the price impact won’t be the same on a different mix than the one that we had as the price has changed. In terms of initiatives, I think you heard characterized on the call all of the things that we’re working on in the moment, but there are also strategic initiatives that we’re working on that are going to drive better results on the commercial side and also on the call side. So I – we typically give our outlook when we do the fourth quarter call at the beginning of the year. And I think we’ll stick to that, but we feel pretty good about what’s going on in the company and the way of self-help that will mitigate that carryover that that that we’re going to see as we go into 2024.
George Staphos: Okay. We appreciate it. We’ll turn over. Thank you, guys.
Operator: Your next question will come from Cleve Rueckert with UBS. Go ahead.
Cleve Rueckert: Great, thanks very much for taking the questions and good morning everybody. I just want to follow-up on George’s question, it was kind of asked a little bit differently earlier as well, but just sort of thinking about bigger picture the next couple of years. What really needs to happen to drive the earnings recovery that you’ve been looking for? I mean, I think the last couple of quarters we’ve talked about this cyclicality and you’ve said a couple of times you feel like you’ve got the capacity in the system that you need versus volume expectations. I mean, it sounds like that’s still the case, but are we talking about a pricing recovery? Is volume kind of enough to get you there? I mean, what are kind of the drivers that you’re going to be evaluating in the second half year?
Mark Sutton: Hi Cleve, this is Mark. That’s a really good question. It’s – unfortunately, it’s not one thing. I think what we need to see the earnings recovery is the kind of structure between price and cost, which obviously has a volume component to it that drives our margin structure back north of 20%. So what we do to track that is we look at – in the case of packaging, we used to be there a lot of the time. In the case of this GCF business, we were – we’re working our way to that kind of margin structure that yields – returns that are well above at least 200 basis points above cost of capital. And so what we do is we break that down into just a simple EBITDA per ton for everybody to focus on. And there are components of that number that are purely commercial, who we sell to and at what price that are somewhat macro related, i.e., the amount of volume available in the market that we can compete for.
