Operator: Thank you. As we wait for Mr. Ng to get back. Let’s go to Mr. Michael Rehaut, JPMorgan.
Doug Wardlaw: Doug Wardlaw on for Mike. Just a quick question. Last quarter, you guys talked about how you haven’t been approached on price from builders. I’m just wondering if that has changed, as we gain more insight on the softer demand drop or I guess, anticipated demand drop? And if so, has it kind of been in line with your expectations would be just a little bit more color on that in total?
Jeff Jackson: Yes. I’ll speak to it. And in total, the answer would be no. Have we been approached one-off? Yes. But maybe 5% or 10% of our volume. So in total, we haven’t given pricing in a row, we’re not getting pressured? Well, we’ve been simply asked by our builders to do is deliver on time and full. And as long as we can do that, and hold price, actually a couple of builders access, just the whole pricing, who their supplier choice. So as of now on the new construction side, have not received any material impact on giving impression.
Doug Wardlaw: Got it. Thanks. And you talked about recently with the recently approved, accelerated share repurchase. How strategic acquisition was one potential method use? In this environment, I’m just curious, what’s your current criteria and looking for the right acquisition? And what does that pipeline look like right now?
Jeff Jackson: Yes, good question. That $250 million share repurchase program, I think makes a clear statement, we think our stocks are undervalued. And we put a program in place, a plan in place, that plan will literally kick off and start buying shares, Monday. And we think we’re way undervalued. So we’re going to buy as much as we can in the market that allow based off our trading volumes. That’s going to be first priority. And as I look at other acquisitions, I would look for a different call it product portfolio type, let’s say, clad or wood, we don’t have that in our portfolio, I would look at geographic diversity, and maybe some more Midwest locations we hadn’t looked at before. Those are the top criteria I look at and margin, of course, but I’ll be clear that our priority is our stock at this point, but absent any significant acquisition that would meet those criteria.
Operator: Thank you. . Next question will be from Mr. Phil Ng of Jefferies.
Unidentified Analyst: Okay. It’s Maggie on for Phil. I guess first and sorry, if I missed this earlier, I just hopped on the call. But could you talk about on looking at 2023, the outlook, what are the biggest uncertainties or swing factors for your end market demand? And what would need to happen to give you more confidence and providing full year outlook?
John Kunz: Sure, Maggie. One of the reasons why we’ve elected only give Q1 guidance was really just the change in sentiment over the last 90 days when we started looking at — our plan for 2023. And what our expectations were, the expectations were radically different calling into December timeframe from what they were in early January, and then to what they are today. So really, what we would look to see is just some stability. So we can have confidence that we understand the dynamics driving the end markets a little bit better than what we do today. I think as the year progresses as we get into q2, as we move into April, May timeframe that may exist and at that time, we may be able to give you full year guidance or the remaining year guidance for that but what we would like to see is some stability in the markets and just not so much movement in an opinion by various prognosticators out there as far as what’s happening with the economy, and then each of our end markets, the new construction market, R&R market, whatever it may be just some more stability in that that will give us more confidence as far as how to forecast the remainder of the year.
