The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Joseph David Ahlersmeyer - Evercore ISI Institutional Equities, Research Division - Analyst
: This is Joe on for Steve. We were looking through your Q -- your K and your Q, and you mentioned on the call this morning the North America price
being positive. Then we sort of backed into about a $6 million tailwind, which -- it implies something in the range of 3% to 4%, if you just assume
that's all North America resi. So first of all, are my numbers right in terms of what North America resi pricing was up in the quarter?
And then secondly, you mentioned even being optimistic about the realization of that, you were still going to have to work through backlog. And
so it might be some time before the prices coming in, but it seems like that's not what we actually saw in the quarter. We're seeing the realization
already. So yes, if you could just maybe talk about, are you pulling even more price forward? Are people so keen on getting product now that you're
actually getting better realization than you were even asking for in the fourth quarter? Obviously, you feel like with that April price increase that
the 4 and the 8 that you've already asked for was not quite enough. So yes, there's a lot to unpack there, sure, but if we could just understand a
little bit better there.
Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst
: My question is around how to think about the cadence of the business as we think about 2021. You're coming into the year with very strong backlog
across all 3 segments, it seems, and a lot of volume that's going to be in there. How should we think about the earnings cadence, though, for first
half versus second half, given some of the comparisons that you'll face as we move through the year? And I guess with that as well, have you seen
any disruptions recently with the extreme weather that we're getting in parts of the -- southern parts of the country over the last couple of days?
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