Barry Logan: That is residential equipment at those data points. And then our double-digit growth in commercial brings the overall equipment growth rate up to 6%.
Jeffrey Sprague: Got it. And then on the – and can you say anything about mix Barry? How much is kind of price versus mix?
Barry Logan: Boy, again, it’s an infinite array of data in that answer. The 8% price is – it’s an number of answers inside that 8%. It’s more so, what it’s most of is the new products having a higher cost and a higher price in the market than that composite a year ago.
Jeffrey Sprague: Yes. And just back to the 60% of products being new, I would assume that is just mostly SEER change units. But could you maybe address what percent of your volume is the new higher SEER product at this point? How much more do we have to go until we are 100% there? Maybe if there is a difference between that 60% on new product, new SEER product versus other new product?
Barry Logan: It’s a solid question. Go ahead, Paul.
Paul Johnston: We can’t replenish the old product. So, it’s no longer in production. So, it’s going to be pretty much at 100% at some point once the remaining product is sold through.
Jeffrey Sprague: Domestically, right, internationally?
Barry Logan: Yes. Just a reminder what changed, and this was a change from prior times is it’s not just a higher efficiency systems being mandated. The way efficiency was measured changed and kind of what we would be called SERR 2. And SEER 2 changed the way a 17 SEER system is rated a year ago versus now or a 16 SEER system is rated today versus a year ago. So, when we talk about – and then the matching air handlers that go with it and the matching components that go with it. That’s the complexity. That’s the nuance. And that’s why as a composite, it’s a higher price. But I guess your question is how mature is that within…?
Jeffrey Sprague: I am trying to break out – how much more mix effect do you have to come through for us to get to that 100%?
Barry Logan: Question is, when does it annualize, so to speak, and it would be obviously some time probably early next year. Paul, does that make sense?
Paul Johnston: Yes. I would say early next year will be pretty much all new equipment.
Jeffrey Sprague: Great. Thank you. I will leave it there guys. Much appreciated.
Operator: [Operator Instructions] The next question comes from Joe Ahlersmeyer with Deutsche Bank. Please go ahead.
Al Nahmad: Good morning.
Joe Ahlersmeyer: Hey everybody. How are you?
Al Nahmad: Well. You?
Joe Ahlersmeyer: I am good. Just – I will just kind of clean up with one more about the model here. A lot of great questions so far. A lot of mine have been taken. If I think through a lot of the considerations for the fourth quarter, Barry, kind of asking you to get back in the year-over-year box again here, but volume comps getting easier into November and December. You are starting to actually get probably even more SEER mix benefit because of the geography of how it rolled out. There is probably some catch-up from the weather in the third quarter benefiting even into the fourth quarter, and then also the OEM logistics. So, is it possible that we could be looking at like high-single digit type revenue growth in the fourth quarter?
And then just thinking about – you said at the beginning of the year, you were targeting earnings growth. It looks like you are likely to get there? Just kind of wondering how much you might be able to grow EPS this year with just one quarter left? Is it 2% to 3% or potentially something more?
