Bob Fishman: Yes, let me do that. I would say roughly 50 basis points to 60 basis points comes from Manitowoc of that 160 basis point increase. So, the way that you should think about Manitowoc is we had roughly $150 million of revenue in our P&L in 2022; $60 million in Q3, $90 million in Q4. And as we mentioned before, we drive about 30% of Ross on that Manitowoc business. We’ll increase to about $370 million of revenue in 2023. So, think of revenue going up about $220 million in Manitowoc at that 30% income level. We also get by exiting the residential businesses, we’ll lose about $25 million of revenue in 2023, but we’ll gain about $10 million of income, those were loss making businesses in 2022. So, when I talked about acquisitions and divestitures benefiting about 5% top-line and roughly 35% from a ROS perspective, that was the breakout.
Brian Lee: Okay. That’s great. Appreciate that color. And then, just a quick question on the Pool side. I don’t know if you quantified this, but you’re talking about the channel inventory sort of coming down maybe normalizing in the 2Q-3Q timeframe. Can you quantify sort of where you see inventory levels sort of weeks and then — or I guess months and where you would need to get to sort of get a normalized level?
John Stauch: Yes, I’m looking at it slightly different than that. I think we’ve shared with you that we think we’re down about 20% each on new pool builds and also the aftermarket remodeled side. So, think of that as each of those two 20% is down 20%. And then, we group the aftermarket and the inventory piece, and we assume that what we’re going to see is lower pull-through from the sell-through and demand, because as Bob mentioned, we think some of the aftermarket demand was serviced earlier. And because of that, we feel like we got to balance the shipments into the channel and the industry to serve that lower demand. And most of that we think happens over Q1, Q2 and Q3.
Operator: The next question is from Steve Tusa of J.P. Morgan. Please go ahead.
Steve Tusa: Hi, guys. Good morning.
John Stauch: Hey, Steve.
Bob Fishman: Hi, Steve.
Steve Tusa: Just the inflation number, I’m not sure if you said that so far, what’s the actual number? I mean, you could kind of eyeball the chart there, but just curious what the actual inflation headwind is for ’23?
Bob Fishman: It’d be about 4.5% is how we view it at this point.
Steve Tusa: Okay. So, on absolute basis, what does that kind of convert to?
Bob Fishman: Well, if you think about prices being about 5%, so call that, $200 million benefit, I think about inflation at 4.5% is being around $180 million.
Steve Tusa: Okay. So, moderately positive. When you think about the pricing in the other businesses, anything going on there? Any kind of surcharges? Or anything moving around in the non, I guess, the more industrial businesses?
John Stauch: No, real surcharges, Steve. We’re back to more normalized price actions and having to go out and compete competitively from a standpoint of making sure that quoting those jobs by anticipating the impact of inflation, and then winning (ph) sourcing inflation as we satisfy the industrial projects.
Operator: The next question is from Andy Kaplowitz of Citigroup. Please go ahead.
Andy Kaplowitz: Hey, good morning, guys.
John Stauch: Good morning.
Bob Fishman: Hi, Andy.
Andy Kaplowitz: So, supply chain inflation, obviously, looked better in Consumer Solutions in Q4, but I think you mentioned productivity was negative because of a decline in revenue. I know you said you expect inefficiencies to lessen as you go into ’23. So, just sort of what that happened in Q4 was just lower revenue, and do you still see that sort of $50 million of incremental improvement for manufacturing inefficiency getting better in ’23 versus ’22?
John Stauch: We do. Go ahead, Bob.
