Jeffrey Stevenson: The improved monthly sequential single-family installation volumes throughout the quarter was encouraging, but with rates expected to remain higher longer, are you expecting public builders to represent a greater concentration of your mid-single digit residential demand expectations than you did in February since the regional and independent builders are more sensitive to future interest rate cuts?
Robert Buck: Yeah. I think, the first part, Rob may add on. So, yeah, I mean, as you talk to our wide variety of customers whether it be production, big builders, regional builders, small custom builders, definitely the production builders, regional builders are bullish for sure. And then, I think even the small custom builders, I think they feel positive, they’re actually watching the rates a little bit closer. So, yeah, I think we feel good about that. We definitely feel good about our work with the production home builders and kind of some of the things that we talked about relative to codes and what they’re pushing to make sure they get the 45L advantage, if you will. So that kind of plays to multiple insulating options in those homes.
And it’s quite a bit of impact for the production home builders. So, we think there’s a lot of things going on with the different builders here that are positive, but definitely the production builders are well suited for what’s happening.
Robert Kuhns: And Jeff, definitely not any major shift from what we had in our initial guidance or anything that would adjust our guidance in any way as a result of what’s going on right now with rates.
Jeffrey Stevenson: Okay. Got it, Rob. Thanks. And then, I just wanted to follow up on the last question. It sounds like both light and heavy commercial bidding activity remains healthy and you obviously continue to benefit from your new lead app as well. That said, is there any verticals — you have any concern of some slowdown moving forward just giving the choppiness we continue to see in leading commercial demand indicators?
Robert Buck: Yeah, Jeff, Robert. Not really. So, whenever we’re looking at our backlogs and our bidding, we’re looking at the verticals. And I think so — the one that kind of comes front and center for folks is around office buildings, that type of thing, but that was something we probably worked, started talking to our teams about, make sure we were looking at our bidding activity probably two years ago. So, no real concern around the verticals and what we’re seeing and then obviously making sure — we’re well represented across the many verticals there.
Jeffrey Stevenson: Got it. Thank you.
Robert Buck: Thank you.
Operator: Thank you. We have reached the end of the question-and-answer session. I’ll now turn the call back over to President and CEO, Robert Buck, for closing remarks.
End of Q&A:
Robert Buck: Thank you for joining us today. We look forward to talking with you in August when we’ll be presenting our Q2 results. Thank you.
Operator: And this concludes today’s conference and you may disconnect your lines at this time. Thank you for your participation.
