Thanks, America, near increased we Scott. in consumer and uncertainty, this will heightened to macroeconomic mortgage provide forward. rates confidence my discussing economic headwinds will inflation and will environment concerns North by believe Quanex midterm to I impact the In going begin term. upcoming the commentary elections current continue how
the fact housing However, let's lose is built under demand market the the significantly still for inventories is housing sight not strong. with U.S. low residential and that of
existing will remain building recessionary equity. to enable age due and from resilient the high somewhat any quickly sector R&R more the to market environments. downturn volume products healthy rebound expect also to homeowner much the factors We and These of of be housing or
mid- building up continued escaping to to they Act where save codes households believe long for of changes performance tax projects on to can with prevent other building XX% construction energy and XXXX as will insulation Another doors, Quanex weatherization envelopes. measures relate or includes homes. home The credits be to provisions of passed Reduction recently windows, we that factor term energy will standards benefit Inflation from
Steel, aluminum, input raw those begun significant Our years. see in the we two continued and used expect over to have current the downward hardwoods over products of goals. begun decreases ease in supply concerns first and in From supply includes portfolio prices with that costs. to and see perspective, on components pressure materials chain have accomplish for all resins a time
the However, on labor team offset to Even can't conversion uncertainty, term and pass-throughs performance, and of supply any U.K. both require negatively such concern Europe, near-term residential and focused region strengthening. customer, working in levels high of costs the activity. pricing will we will which that those cost near price supply impacting the and largest our of change the resulting Quanex In can benefit in culture mechanisms, to all be control, the increased Continental continues inflation Europe, will to with the remain outlook. still effectiveness slowing see and our significant costs. and as service uncertainty, cash energy management operational consumer pressure in The medical in and economic and concerns are R&R erosion, energy war to quality we and the continue and from the confidence areas and new development capital Ukraine the and further we could predict, construction
few people and rapidly that adjust to a to years, hard worked react foundation past the we've are of to and build prepared changes. Over processes
continued COVID the supply chain fact. challenges past and improvement of this highlight Our X.X years performance through
true strong all We to balance sheet. generation, have stayed return and cash while profitability, a our and maintaining capital followed flow invested our mission of on playbook improving
is spend evolution, that phase night, point time some ready posted Quanex updated on we like We are and move to now. an our this would the I to presentation of website. into Last to next our investor it
we you the the financial section. are terms serve. who in find the & this The good metrics, of can we site today overview tab of and and markets under Investors product Presentations in give the document You of presentation will a offerings Events
for provides insight out core our achieve importantly, map $X into of planned purpose a road lays to billion competencies strategy revenue. the More and presentation updated pathway deeper our our growth with a and
as is review me over shareholders a for balance clear, time, be The the serve optionality sheet. defined strategy we a a healthy to growth. door presentation that strategy with while profitable decisions, most company organic further or growth growth, all of is goal inorganic are nor Let and view we a our growth, it'd window value any create very will cabinet have for investment innovation. checklist we be are a growth takeaway The to prior also through that maintaining making company. The whether not important we
a competencies. currently manufacturing set the broad window of door -- with cabinet the are We company kitchen core primarily bath happen serve and just to and a We markets. and
profiles driven markets I our play we'll identifying focus focusing sealant expand this on businesses opportunities. with portfolio provide priorities M&A profitability narrowly leadership, our core opportunities to innovation into rather that to will our argue margin-accretive growth and perspective, of competencies one, desire We identify words, While current and on our additional or extrusion, build and our allow mixing, materials And From that manufacturing business. our game-changing on be working, investments from entry historical will markets. perspective, synergistic an manufacturing may believe and From way and a versus fenestration reinforce over it to sector capabilities core new growth-oriented at our growth cabinet compounded will simple forming focusing that on points mill us look in expertise. is and averages. our seem our like either, two, are an and than our organic in time, a our processes only would inorganic metal on improve markets, roll
new and using while We and develop products on will synergies. strengths identify current and markets, capitalizing
above-market operational increased to and importantly, We effectively improve And with followed And strategy to operator, to performance. most achieve our and map growth, are margin ready have over work continued now we new value. questions. now past revised expansion will road the execute we shareholder that, financial our to two take years