Operator: [Operator Instructions] Your next question comes from the line of Ian Zaffino with Oppenheimer. Your line is open.
Isaac Sellhausen: Hey, good afternoon, guys. This is Isaac Sellhausen on for Ian. Appreciate you taking the question. Just a follow-up on the previous one on Products & Solutions. Could you maybe talk through the pricing dynamics you saw in the quarter – it sounds like the business still saw some nice benefit for price despite the volume declines. And then the second part to that, what should be our expectations for pricing and volumes going into next year, maybe in the context as you lap some of the increases from 2023 or this year? Thanks.
Tony Trunzo: Yes. Thanks, Isaac. I think a couple of things. First of all, the price realization this quarter, $25 million, I think the large majority of that was flow-through of prior price increases. We did make some changes here and there, but I think it’s largely been flow-through. We’re not in a position to give anything really specific about 2024. But I would just say, logically, as we’ve seen our input costs abate, we’ve been able to maintain price I wouldn’t anticipate that there’s going to be dramatic moves in price moving forward. I think we’ll still get our normal price increases and that sort of thing. But our objective was to – if you go back three-plus years to when Jay and I first showed up, part of our perspective was that we needed to price for the value that we were bringing to the marketplace.
And as we saw inflation and as we – we started driving price before the inflation started. And then as we saw the inflation, we were basically chasing our tail, trying basically to stay caught up with the input costs. Now that those input costs have abated, our ability to hold price has helped with margin. And we think that that’s going to continue moving forward in an environment where neither where inflation isn’t going to be driving either the pricing or the inputs environment.
Jay Geldmacher: Yes. I agree with that.
Tony Trunzo: Is that helpful, Isaac?
Isaac Sellhausen: Yes, it was. Thank you. And then just a quick follow-up on ADI. What categories in the commercial space, are you maybe most positive on given the headwinds in the residential side of the business that you’ve discussed.
Tony Trunzo: Sorry, did you say the most positive one?
Isaac Sellhausen: Yes.
Tony Trunzo: Yes. So access control, for whatever reason, has done really well. Fire and intrusion and – or sort of fire and video has held in there, a lot of the residential security. We’re still – the unit volumes and the dollars are still off.
Jay Geldmacher: Yes, I would agree with that.
Isaac Sellhausen: Okay, great. Thank you very much.
Jay Geldmacher: Thank you.
Operator: There are no further questions at this time. I will turn the call back to Mr. Jason Willey.
Jason Willey: Thank you, everyone, for participating today, and we look forward to speaking with you over the coming weeks and months. Everyone, have a good rest of your day. Thank you.
Operator: This concludes today’s conference call. Thank you for joining. You may now disconnect your lines.
