Alan Haughie: Probably with no — there was no impact on CapEx this year. You see that our guidance has stayed the same. So I mean nothing significant from a CapEx perspective this year.
Sean Steuart: Understood. Second question is just on OSB industry capacity growth. There’s still a lot on deck in the next two to three years. And Brad would be interested in any updated thoughts you have on the likelihood that all these projects come to fruition and constraints on bringing that supply into the market at the pace that’s been suggested by all these announcements and capital constraints, labor constraints, other issues along those lines.
Brad Southern: Yeah. I’ll just say that in our own experience too, it takes longer than planned initially when we talk about the complexity now getting permitting and some of the social issues related to mill locations. So I mean the and then secondly the market has to be there one would think for some for all of these to go forward as planned. So we’re keeping an eye on it. We can’t control, obviously, what our competitors do with capacity expansion. But I do take the long view of some of these more ones that are on the board and not to have a lot of momentum behind them yet. But there are a couple coming online. It’s going to have some volume in the market later this year. And but we feel good about the rest of the year in our OSB business and we’ll manage our capacity to meet our customers’ demand in the most efficient way we can.
I don’t want to speculate too much about what our competitors are going to do because I don’t know for one thing, but I will say so far it’s been taken longer than initially announced and planned on by all the folks that have tried to bring capacity online.
Sean Steuart: Yeah, understood. That’s all I have. Thanks very much guys.
Brad Southern: Okay. Thanks, Sean.
Operator: Thank you. One moment for questions. Our next question comes from Matthew McKellar with RBC Capital Markets. You may proceed.
Matthew McKellar: Hi. Thanks. Good morning. Could you provide any color on how much of the bump you’re citing sales guidance for the year? You would attribute specifically to the partnership with Lennar you announced last month and maybe the expansion of Trim at Home Depot you noted versus a broader outlook for stronger sales across the business?
Brad Southern: No, I would say both of those were in our thinking when we originally gave guidance back last quarter. And so, we haven’t really added — because of those two things I mentioned in my script, we haven’t added demand because of that. It’s just what we’re responding to is the overall strength in our order file up until last Friday, I think the last time, we got a report. And that is — that demand that we’re feeling is across basically, all sectors with a little bit of not so much in share as I mentioned earlier. It’s just across the board, orders from distribution that is creating the optimism that we have about the outlook for Siding. But we did not up it, just to be specific, the guidance increase was not because we signed a Lennar deal or we signed a Home Depot deal. Those deals are long time coming and we have some visibility into that when we guided last quarter.
Matthew McKellar: Thanks. Very helpful. The rest of my questions have been asked. I’ll turn it back. Thank you.
Brad Southern -: Thanks, Matt.
Operator: Thank you. One moment for questions. Our next question comes from George Staphos with Bank of America. You may proceed.
Q – Unidentified Analyst: Hi. This is actually Lucas Hudson [ph] on for George Staphos, he’s currently traveling. Congrats on the quarter, guys. Thank you for the details. If you guys could just walk me through the Siding trends and how they vary between pro contractor and do-it-yourself, along with home center and distributors, please?
Brad Southern -: That was a little bit hard to understand the question, but let me say it back to you that so the different route to market or what differences are we seeing from a demand standpoint, across those different routes to market. Was that the question?
Q – Unidentified Analyst: Yes. Just the overall demand trends, between a pro contractor, do-it-yourself, home center and distributors, please?
Brad Southern -: Okay. So, home center demand for the new products that we have put in place particularly things like Trim, very good. Panel business not a driver to incremental volume, but a strong basis for volume, which by the way most of our home center volumes to be clear is Panel. So that’s kind of reflective of what we’re seeing in shed. For new construction, where we’ve had market access it is strong. Where we are opening new regions as a result of the deals we’ve discussed, it’s high percentage growth, off of a low base. So, a lot of opportunity there. And then for Repair and Remodel, we feel really good about that, but that is kind of like one of these compounding incremental opportunities where as we add contractors and we add access to market through one-step distribution, but that kind of builds upon itself as far as compounding growth, so that certainly has represented in the ExpertFinish numbers, a key driver to the incremental volumes that we’re seeing.
So we take a step back and say, good new construction growth both at the distribution and end-user area, good growth and Repair and Remodel at the contractor and distribution level there as well. And then for the home centers, kind of steady as it goes, but not with new products which are really moving well through the consumer retail channel.
Q – Unidentified Analyst: Okay. Thanks for the color. That’s all I have. So, thank you and good luck in Q2
Brad Southern -: Thank you.
Alan Haughie: Thank you.
Operator: Thank you. I would now like to turn the call back over to Aaron Howald for any closing remarks.
Aaron Howald: Okay. Thank you, everyone. That concludes our prepared remarks and a round of questions and answers. So we’ll bring the call to a close there. Thank you for joining us to discuss Q1 results and our updated outlook for Q1 and for the full year 2024. Stay safe and we look forward to connecting again soon.
Operator: Thank you. This concludes the conference. Thank you for your participation. You may now disconnect.
