good morning, Thank you, Sherri, everyone. and
the as welcome of we pleased as to management Innovations. experience a brings relations understanding accounting and reiterate are to Sherri operations. well that manufacturing Sherri like finance, I’d tremendous team strong of First, investor PGT very to
business with Brad look West new company’s have Related him the leadership to as continuing reporting. to our like during focused as units the will To purposes Alabama, Carolina, of treasury. includes work formed well the Florida, I as be strategy of South and includes Southeastern comprised for legacy Louisiana, development the to will forward unit and new on tenure business structure clear, unit, along business maintaining role, business Mississippi, and on of Georgia the be Mexico. as well the which of corporate we market a for unit core units: Canada with these Carolina rest Additionally, CFO I business his as the Caribbean, financial two segments in business United reporting, would thank States Western and which his be actual to his North
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Window Western our business expanded impact and living Systems products investments resulted Our of have continue corporate indoor/outdoor in adoption products penetrate our capacity. our legacy our market by and increased in builders strategic to
XX% million period, growth $XXX over XX% of represents month Over the sales the trailing a prior of XX organically. XX with month increase achieved our
has same that or over Our adjusted $XX EBITDA grown period. XX% million
that the split Western premium leader nearly between geographic became Systems national year, is acquisition footprint our well mix where have indoor/outdoor the well space. a to Window construction expanded remodeling in repair growing our living population We and of penetration Western to last increasing even and XX-XX as market. believe markets. as situated and serve an rebalanced Following our and we in is now unit, business us Florida’s in this new We has window portfolio door diversified
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remodeling and financial as expected quarter. grew towards another period, growth we decline market channel, spaces. both overall prior driven of for market profitability turning with and our our the see Southeastern channels repair compared business to construction growth solid revenue Despite indoor/outdoor year significant that unify flow from where and tracked overall to business Western our penetration Corporate as Window Western our and markets Both continue overlapping into the XXXX Now in guidance. results that the products penetration and legacy our quarter of new prior our results by We in reported units living Builder unit year. business Systems
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Slide to Turning X.
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starts will continue XXX,XXX our Moody’s achieved versus Our XXX,XXX to starts, and – Florida we over single-family normalized for starts projections we of single-family long-term. of the assume XXXX, of expect XXX,XXX be Florida
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active – the impact-resistant it XXXX, XXXX, marketing, homes very majority for line the with the to refreshed estimated X, outpace XX% we products In online provided to marketing, to openings In of homeowners the in no growth conditions have Following against of to operations. our on impact-resistant storms. rate advantage of increase weather prior severe was to and strong provide Related and now storm Still impact-resistant hurricane flagship of we aluminum products. today’s Floridians involving standpoint, From initiatives presence, only a products had allowing in we had the impact-resistant PGT regular – Florida, Florida homes shutters. property customers XX% have and can product market quickly a have doors take taken our Hurricane product a last After two many this styling opportunity, large had an project to more their the to engagement. development WinGuard to refreshed our windows, protection season by remains better years, and consumer withstand advantage safeguard homes order marketing awareness their of over that have find us that impact the solutions Irma, window we architecture. tough XX% door On shipping Slide market. place high. for in have
line a to as in that dealers aluminum our times our expand in to CGI launched achieve for invest we are addressable capital Sparta continue Operationally, already receive to reduce low-cost lead our in expected brand capacity soon have ways We our and increase to market. – to as products possible.
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