Thanks, morning, Chad. Good everyone.
were quarter, Despite repair other estimate X.X% on and million As XX, figures closures included of increase XXXX X.X% over our speak by residential costs. and of closure Gross underlying days first and estimated from quarter including remodel adjusted of our of $X.X single results XXXX, volume inflation. during the on the see a of that in will slide to to a we net to than fewer quarter the of first end normalize in sales the billion, had I company's quarter and impacts or basis. number prior markets family market. so sales year, sales one-time $XXX facility you the XX.X% a weather-related and integration, $XX.X XXXX. approximately other quarter margin can price a XXXX sales market X.X% new the On day sales first million reminder, the first end benefit one have the reported X.X% our we for commodity of of an per the increased we in compared We homebuilding numbers in
XX.X% quarter margin of XX% decrease good XX% to XXXX, year-over-year lumber increased XX from prices percentage sequentially gross basis commodity increases from basis first end and was percentage on respectively. The margin quarter. fourth in the attributable sheet flat XX.X%, the and and rapid points down Our was from XXXX in prices. Framing a year
prices when cause calls, percentage in falling we the discussed margin expansion prior customers commitments, have margin inflation due when and to we prices markets. the commodity pricing As rising compression commodity the provide volatility can are short-term short-term are versus percentage gross of
continued we are the beginning quarter gross strong Additionally, in through pleased growth and margin Furthermore, mitigate EBITDA dollar on a EBITDA sales year-over-year impact ability compression. a the price team's ongoing our in the some higher commodity in of execution But, products. mix caused to had commodity our margin fluctuations cost These through percentage. realize high short-term the negative benefits discipline prices, sustained I'm gross in products team's higher profit positive combination dollars the margin on basis. impact margin and our with to on product
prices commodity prices, our go-forward commodity further should from benefit these higher company profitability. stabilize, enhancing the As
facilities a by decreased investments initiatives, ongoing year-over-year costs Our in including while growth and driven as operational sales and programs. SG&A achieved, excellence in of investments XX basis. additional operating even on leverage This and discipline largely sales basis by of reduction the absorbing percentage our cost points start-up new was operational our associates, a
lower one-time revenue income of cash our $X.XX extend compared million for was to net Adjusted million not $XX.X interest million adjusted maturity largely insurance $X.X our interest do or net year. go-forward realized strengthen was further due expense, the XXXX. expense to the reported diluted of this was for multiple first $XX.X XXXX interest Additionally, and the income profile, we insurance million primarily of expect increase and share diluted the balance of in or million expense $X.X to our $XX.X million by achieved lapping The The our decrease that or per in strong $XX.X XXX% quarter quarter in to $X.XX per first cost quarter a million Adjusted variance the company to this improvement XXXX. executed to through year-over-year capital benefits repeat discipline adjusted of $XX.X was compared structure. share and expense ongoing XXXX. refinancing to the driven growth, quarter transactions despite we in the of reduction actions. in interest lower We expense
First the margin, are improvement previously million the gross initial insurance and and year's was commodity X.X% management, strong making The disciplined to the by initiatives we $XX.X recognized by decrease on the largely in or million. in growth investments quarter and benefits cost EBITDA cost cost of impact leverage driven of mentioned strategic growth, $X.X offset adjusted our the grew quarter. in first operating one-time prior inflation revenue year-over-year partially
Additionally, we a positive are EBITDA and a year-over-year beginning combination on from to our team's higher benefits dollars basis. realize of the in lumber execution prices
stabilize, As these from to expect prices we our profitability. higher benefit commodity go-forward enhancing further prices,
believe reduction. continue expect run our balanced EBITDA slide utilized and to which flow our incremental X% will to working investments be our capital of to continuing sales. We focus by supported continuing strategic growth debt estimated be to efficiency, investments approximately we our is to and cash on Turning XX, free XX% this generation and
business to investment of approximately in We capital expect sales. X.X% increase at our expenditures through
our shelter expect NOL We all, but in XXXX. paying million tax to approximately million in $XX asset taxes us cash from $XX to
capital of $XXX approximately should executed transactions our in million XXXX. reduced the in As cash we markets to a interest XXXX, be result
million We $XXX we to total, million work, investing our integration to to full one-time year the in expect of costs net generate activities after $XX expect $XX XXXX. million million we free as continue and flow cash for in system $XXX
line Due leverage expect to strategic X.X utilize to reduce half and our or in of $XX.X of in cash needs, and driven for of the generated of by year. our in we our flow the cash to in generate of expect million in nature used and is with in to XXXX, and year of end, debt $XXX.X guidance was including patterns within the investments million We XXXX. generating ratio and Therefore, quarter lower range. the by to pay $XXX customers' investment capital net cash This with annual times cash year was million investments. half the business, our the long-term working seasonal cash operations target typically our to year $XXX down fund of full capital expectations the which seasonal second our use first free first million, growth of we
our no to on inflation price a different. leverage the We ratio and continue trailing a quarter basis our net commodity Total reducing operating more of XX, representing X.X consisting impact March XXXX. debt this needs. reduction times $XXX.X borrowing ratio from credit was adjusted as XX-month track of cash our quarter record Despite times, net for product first on revolving was XX, EBITDA on X.X inventory, our of which March and XXXX than our under was at facility XXXX of hand, is availability liquidity million, the of sufficient
quarter environment, confidence the housing XXXX second of As would we market how seeing on in how we well the as about XXXX. we reconfirming execution we look to thinking with forward and like are provide color team's are our as
to and XXXX, year starts to growth full R&R high mid still single expect in the market. in of volume grow declines we multi-family approximately market For range, the single-digit end X% family
constrain points anticipate our perspective, lumber X a basis. in will a of price commodity also moves second X line and gross We gross continue percentage sales to From growth top recent percentage margin inflation quarter. percentage to panel on margin points the the from year-over-year
XXXX gross through EBITDA nearly expect inflation of we during the to to conversion results, more margin gross more year, balance commodity XXXX. half the the in of move as range. on be However, Year-over-year XX% impactful roughly the of margin half to XX% return second compression us normalized allowing of return the in a to we second was incremental a our XXXX as normalized XX% not to should as it driven
combined, XX% all that current XXXX. of and total We $XX will of costs range. in million during XXXX of to facilities continue cost we growth initiatives, to we finish investment expect the end at continue talent year indicate and excellence strategy balance in which growth in the estimates as manufacturing as XXXX that million incremental new in for the expect out full in of year-over-year XX% operational value-added upper in sales will Overall, we our well EBITDA our to $XX start-up
cash XXXX years of initiatives. rate the tax XXXX. in effective debt tax more strategic for expect ahead, rapid an our Tax We reform growth net of Act tax XX% additional enabling to impact flow the cash result the will for enable higher fiscal recently repayment also enacted to and providing free approximately generate us in The
sales prior XX% second the commodity compression to coming the over continue X% Gross to the XX% expected be to to from we we quarter inflation. as margin XXXX from QX year with to commodity short-term in be recent X% For is specifically, inflation. the absorb margin expect to flat range,
our efficiency reduction, maintain investing while discipline, in our initiatives. improvements will We growth focus on cost and leverage
EBITDA growth comments. for over the be We for back to call turn to around the closing I'll now quarter. his Chad XX% expect
