John Stauch: That’s a nice try, Nathan, we’re not going to go there yet. Right now, we’re trying to satisfy our customer demand for the rest of the year and then we’ll do an assessment of where we think we are and we’ll be prepared to share that insight with you as we head into 2024.
Nathan Jones: Okay, fair enough. In Water Solutions, I think you’ve also had some inventory destocking in some other business, residential water treatment businesses. Can you talk about the impact that comping against that, as we go into next year, might have without looking at the fundamental outlook of 2024?
John Stauch: Yeah, as a reminder, we — what we did in 2022 is we exited a fair amount of lower-margin direct-to-consumer business and we’ve been up against those comparisons this year in Water Solutions. Those comparisons, as we head into next year, go away. And so obviously, this is all included in Water Solutions this year and in next year, we get a little bit less contribution from acquisitions and we have a little bit less headwind from the business exits that we took on this year.
Nathan Jones: All right. Thanks for taking the questions.
John Stauch: Thank you.
Operator: Our final question will come from Andrew Obin with Bank of America. You may now go ahead.
Sabrina Abrams: Hey, you have Sabrina Abrams on for Andrew Obin. Just wanted to ask, I know there’s been a couple of questions about Manitowoc but are you guys still committed to the $370 million full year guidance?
John Stauch: That would be an easy commit.
Bob Fishman: Now, we had talked at the beginning of the year of that $370 million but the business has done significantly better than that and will grow roughly 20% this year.
Sabrina Abrams: Got it. And then just going to ask another one about Pool and maybe if you could give some color on the pricing number because I know you are returning to the regular discounts in 4Q. Any color on what we should think about the pricing in 4Q ’23, given that the past couple of year, you were not having normal pre-buy?
John Stauch: Yeah. I don’t know how to answer the question. I mean I think, as a reminder, we put our price increases in for the season over the next year. We do that in Q3. And so the discounts usually take you to more flattish pricing year-over-year. So the pre-buys are term extensions, but they don’t include a price increase necessarily because there is a discount to what the price increase would be. So it’s not like we’re discounting partly to sell it, we’re just not having to — we’re just not getting the full raised prices in that early buy.
Sabrina Abrams: Got it, thanks.
John Stauch: Okay. Thank you. Okay, so thank you for joining the call today. In closing, I want to reiterate some key themes on Slide 22. First, solid execution within our diversified portfolio and transformation initiatives continued to drive significant margin expansion in Q3. Second, we updated our 2023 guidance due to strong performance year-to-date and confidence in our strategy. Third, our transformation initiatives have gained momentum in 2023 with benefits expected for the remainder of 2023 and beyond. And finally, we expect to continue to deliver long-term value creation. Thank you everyone and have a great day.
Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.
