And that obviously implies that we will solicit these products rather than produce an amount of duress as a customer accommodation. So those are very positive developments for us. And I mean I wouldn’t want to overstate their impact on overall revenues, but incrementally, they’re very important to us.Tyson Bauer Are you willing to share a dollar number on those costs where idling those plants for certain weeks and the labor force that may not necessarily be working, but you’re still paying them for when the business comes back? Just to give us a sense of what the low-hanging fruit is as we go forward on a normal operating schedule?H. Woltz No, we’re not prepared to do that, Tyson.Tyson Bauer Well, I figured I’d try. And the last question – the last question for me, are you feeling more confident in the residential markets’ recovery this year or more confident in the nonres remaining strong and continuing to be robust, especially as we get more federal dollars into the system, hopefully?
What’s kind of your general outlook that we’re fairly certain that residential bottomed out in 2022, we’re going to see some recovery of some sort? Is that more applicable as opposed to the nonres?H. Woltz I would tell you that personally, I’m pleasantly surprised with the recovery that we’re seeing in the residential markets. And keep in mind that our view is relatively short-term in nature. That in June, we might have a different outlook than we have today. But customers in that segment rapidly destocked beginning in last April and May. And I think they dealt with that problem and they’re back to purchasing. And I think they’re reasonably pleased and surprised by the rebound in residential demand.On the nonres side, as you know, it’s split into the private and to the public sectors.
And I think it’s hard to make an argument that the public sector is going to be anything other than strong. On the private sector, certainly, interest rates are a huge risk out there on not just – I mean, to the whole economy. But the lagging nature of our business would tell me that we’re going to be solid through 2023 and into 2024. And if there is a – if there is a downturn that we may see late in 2024.Tyson Bauer All right. That sounds wonderful, and we’ll be ready for the bounce back in the summer months.H. Woltz Yes. Thank you. Operator Thank you. [Operator Instructions] We have no further questions on the line.H. Woltz Okay. Thank you. We appreciate your interest in Insteel and look forward to talking to you next quarter. In the meantime, we would invite your follow-ups.
Call us as you may be interested in doing so. Thank you.Operator Thank you. Ladies and gentlemen, this concludes today’s call. Thank you for joining. You may now disconnect your lines.
