Ward Nye: It’s been interesting. I’ll go to your point. I think you raised a good question on what the underlying marketplace looks like and here’s the way that I’ve thought about it. If we look at the fourth quarter that was heavily weather impacted. Infrastructure was down 11%, non-res was down 12%, res was down in that zip code that we think that they were saying it’s going to be doing, mid-teens, right. And we still saw expanded margin. But here’s what I know. There’s gobs of infrastructure work to be done out there, which tells me when I’m looking at these numbers down those percentage, it was more a weather event in our markets as opposed to a market-driven event in our markets. So to your point, what we’re kind of seeing as we go through.
It means we’re looking at things right now, I will tell you, business relative to plan on where we thought we would be. And frankly, business looks a little better than plan right now. So again, as we’re looking at a very soft Q4 for all the reasons we discussed, as we’ve looked at what we are guiding toward flat and as we look at least as much as you can tell in January and February with a big caveat that it’s January and February, it looks pretty good.
Operator: Thank you. Our next question comes from the line of Garik Shmois with Loop Capital. Your line is now open.
Garik Shmois: Hi, thanks. I just wanted to follow up real quick just on that last point you made, Ward, about the first quarter looking a little bit better than your plan. I’d imagine that’s more than just pent-up demand from weather delays in the fourth quarter. So just want to confirm that and then maybe just on the cost side for aggregates. Wondering if you could maybe provide some more color on what you’re assuming outside of the diesel observation?
Ward Nye: Sure, I’ll do them in two ways. Then, I’m going to ask Jim to come back and talk to you a little bit about cost per ton and the cost buckets. To your point, if we think about what we’ve seen so far this year, Garik, California’s had pretty epic rains. If you think about the cold weather that settled in on Texas here a couple of weeks ago. I mean, that was basically a week lost in Texas, and of course, Texas is our largest state by revenue. And but you’re in the Midwest, you’re in Cleveland, you’ve seen a very cold winter so far this year. So as we’re seeing activity in what has not been in many respects the kindest month and a half so far, it’s that degree of resilience that we’re seeing that gives us the confidence that we have the guide right now and obviously that’s just looking in large measure at the level of activity. We’re not even speaking about the level of pricing in that context, Garik. So does that help you?
Garik Shmois: Yes, it does and the comment around the Midwest being cold has certainly resonated.
Ward Nye: I would imagine. Let Jim come back and talk a little bit about the different cost buckets.
