But quarter-to-quarter there will be noise and I know that, that’s very interesting to you all. Rick and Barry and Paul can much more eloquently answer questions about the noise, but I want to make sure that, that big picture was communicated and a reminder that we are a long-term company and long-term we expect to have not only strong gross margins but continuous growth. Yes. So Barry, I don’t know if you want to jump in and answer a specific question, but I wanted to just to have underlying the conversation here.
Al Nahmad: Okay. That was well done. And Rick, too, you both can jump in wherever you want.
Barry Logan: First, I think there is two to – if I become the analyst for a second, there is two things to analyze, right. There is year-over-year margins and we are talking about a 90-day period, and that’s okay, we have to address it. But I wouldn’t get in this box of thinking that every 90-day period is like a new conversation, that’s not. It’s a continuous process, as A.J. suggested. But if I go ahead and put myself in the box and talk about it, obviously, our equipment business is – grew nicely this quarter. Our non-equipment business did not and that’s in the press release, 6% growth in HVAC equipment, 4% decline in other HVAC and there is a margin difference between the two in that mix and that mix is about 30 basis points year-over-year in terms of just pure big impact of margin.
And so if the question beyond that is what happened to non-equipment, that’s where our commodities reside, 6% of Watsco is refrigerant, copper tubing and sheet metal products. Deflation in those products in the quarter cost revenue. Pricing of those products has improved throughout the quarter and is more well-established today than it was 90 days ago. So that’s a good – that’s good news. But those are some break considerations there. Also, obviously, our commercial business, somebody will ask later in the call, grew double-digits. That would mean our residential business was single-digits. There is a few basis points of margin there, if you again stay in the box of year-over-year change in gross profit margin, sequentially, which is your question, Tommy, if I finally get to your question.
Sequentially, we talked about last quarter having OEM pricing actions that took effect in March benefited the margin in the second quarter. And that’s a nice, again, algebraic benefit to that quarter’s performance. Sequentially, no such thing occurred. And that’s the noise that A.J. is referring to is you just can’t get trapped in 90-day periods and try to gain inferences over a long period of time. So if I kind of wrap it up and Rick, maybe you have more, but the concept of, let’s look at the last 12 months being 27% and change, that’s very consistent with what we’ve been saying. And to add to that in the future, where the aspiration is 30%, the other credibility in that is we have business units within our portfolio of business units that approach that number today.
And we certainly have locations that are in excess of that today. So when we talk about continuous improvement or looking out to a horizon, that’s the perspective. Rick, I don’t know if there is anything – we are going to talk about this all day, Rick and I, but it will be boring, Rick?
Rick Gomez: I can’t expand on it. I would only – I would just add a data point, Tommy, that when you look at the year-to-date margin picture, right, let’s take a more medium-term perspective on it. It’s almost a rounding error as compared to last year. And I think that’s an achievement on our part given the unit environment we have been in and given the relative lack of price that’s been in the market this year relative to last year, to say that there is only a 20 basis point difference, I call that a good outcome.
