In terms of where we see ‘24, I’m not going to get into the specifics of calling it down on the region, but a region-based [ph] that we are beginning to see some favorable signs in terms of more steady demand coming out of Europe and that that gives me a lot of positivity.
David Chaika: Yes, Matt. I’d just add. you’re right. We did anticipate the international markets declining. So that the deceleration that we saw here in 3Q is roughly aligned with our expectations and yes, the keys point, there are signs of stabilization. I’d say it’s a little too early to call it certainly or a trend, but definitely, our signs of stabilization.
Matthew Bouley: Got it. Okay. Thanks for that guys. and then second one on the retail channel, it sounded like it might have been a little weaker and plumbing relative to wholesale, clearly on the paint side. You might have seen DIY decelerating a bit. I’m curious what that means for a promotional activity. What are you kind of seeing at the retail level? in terms of trying to address some of that kind of deceleration out there and how might that impact your margin outlook. Thanks, guys.
Keith Allman: Right. As where we sit today, it’s been fairly consistent with what it’s been in the past. And I would say that not only applies to our plumbing business, but also to paint, meaning that we do have periodic sales around some holidays. We have some new low price in spots, but by and large, it really has not, we have not seen any significant change in the promotional environment. And that’s a choice. Obviously, we are strategic partners with our customers, but really that is their choice. And then sometimes, we participate in the funding and others we don’t. So that’s really up to them. And to this day, at this time, we really haven’t seen much of a change at all in the promotional environment.
Matthew Bouley: Great. Thanks, Keith. Thanks, Dave. Good luck, guys.
Keith Allman: Thank you.
David Chaika: Thanks, Matt.
Operator: Our next question comes from the line of John Lovallo of UBS. Please go ahead.
John Lovallo: Good morning, guys. Thank you for taking my questions. The first one is, you know, what did you see in terms of plumbing mix, was geographic mix still a headwind internationally? And then in terms of plumbing pricing, I think it was 4% through the first half. I think it was 3% in the third quarter. Are you expecting further tapering as we move into the fourth quarter?
David Chaika: Yes, John. let me take the pricing. Yes, we do expect further tapering in the fourth quarter as we analyze the majority of our price increases. We did take some selective price actions in plumbing earlier this year that we’ll continue through, but the majority of our larger increases are analyzed now as we head into the fourth quarter. So, it’ll be a little bit of a benefit that smaller than what we saw in 3Q. On the mix side, not a real material impact, but we have seen some mix impact, mainly geographic mix in our international business. So, we’re a premium player in China. We like that position. We think that’s a more resilient position, more consistent position to be in, and it feeds into the strength of our hansgrohe and AXOR brands.
And when China is under pressure, a little bit more than the overall international market in general, that gives us a little bit of geographic mix, but it’s not particularly material in the quarter in order to expect it to be throughout the year, a little bit more will be profitable.
John Lovallo: Understood. And then paint and coatings revenue was down high single digits and total segment sales were down 10%. How much was the hardware business down and what are you seeing there and what were sort of the drivers of the declines there?
