appreciate us Thank and all on you, I today's call. Mike, you joining
you challenging. in in slowing issued for environment and today release rising which from rates facing this causing construction is and are shipment we morning, and rates. the is demand interest As press seeing slow, order earlier due our inflation, demand the to projects domestic market turn uncertainty We're release the saw of
relevant. brand about Before value I provide more proposition, been details environment, I promise and the more have on to talk the want current which never
company, a for as by precious and communities. is sustainability today Infiltrator safeguarding many and me water, as have our and was you a and year our driven it pure-play need is most water business We say heard ADS ago. before, resource, is This manage as products As reason water. the the important world's times water protect environment
storm We solutions. to and runway in from the due markets, long-term converting to have the from and materials environmentally value both friendly proposition for septic water on-site projects wastewater growth a traditional
us giving North allow and consumer our costs materials, to a in of cost scale material the use additional volume high to We and America, better we us recycling performance. which plastics also largest recycled financial manage are manage of
cycle executing the storage ADS and and from life of capture conversion effectively Infiltrator to products Infiltrator heavier time, competition additional which apart materials, solutions, of are for install are job to provides treatment, and quickly install. products traditional machinery require ADS customers from saving set products entire have a which our ADS’ comprehensive unload and us are on the meet traditional site conveyance, materials We and needs superior the designed much and contractor is weight than to more the suite of they materials, strategy. safer the labor raindrop. material lighter than and
and material engineering the of a working civil specified products coverage. plans. strategy is distribution contractors The that have in on our are project more superior into so ADS we conversion sales and every engineers we the ensuring with activity. products much As sales team and than value our part products proposition, go-to-market Waterworks have and construction local coverage, thereby visibility to vast value broader day partners extend great simply field our proposition ensure through
big Through standpoint, enable than tools asset-light engineers design site model design a traditional fleet, distribution engineering deliver civil and for in and our to From a ADS’ assist job underground for their we products. have advantage in the service materials. we partners to ADS for as truckloads That's services site an we construction. internal directly company-owned fewer
well as in a remains key logistics means disruption site investing on areas especially growth advantage growth, costs. the of and less including site highways, of products, we security and Last, initiatives airports the job Because strategy. an is long-term in like better deployment areas high like opportunity productivity sensitive will or deliveries for as in automation It continue pillar capital effective also our traffic regions safety. fewer of and job
our We acquisitions strategies. Jet recycling M&A tuck-in continue to our strategy, Allied such Coltec, including execute and as product which Polymer support and
we as detail. in to shareholder returns will Scott more committed discuss remain Lastly,
facing. the residential Let largely to we me demand challenging pace now demand expected the shift significantly. In environment gears and we slowed you. December, October Through spoke we time after nonresidential last are the at November, continued and to demand
weakness we to In like Midwest other geographies Northwest the about that West began the to addition slowdown quarter, broadly. more talked Northeast the the and and see the we emerge last in in
From a macro same we perspective, look at data issue. the
of remain for weak Billing has Similar and showing of for months. few indicators Index past been are declining negative calendar most For Architectural the example, to signs the expected XXXX.
the sales to Now primarily declined net down to The in the reduced XX% of the X%, the starts X%, last partners. which in result market in for and decline sales a transition Infiltrator fiscal was of business communicated. previously as results quarter to shipments Consolidated and due destocking, third housing non-residential quarter. was retail we completed and the weakness ADS let's inventory completions the
construction XXXX. rates As that significant beginning in the through doubling ADS market activity, nearly our uncertainty we impact the change products, environment demand calendar we the of challenging Infiltrator and slowed persist the majority expect to inflation, markets. is there year in the is look doubt significant of fiscal since demand This this dynamics end no at and creating combination construction year, interest this down has and for
including focus: and This will higher volume volume; lower focused absorption areas conversion environment Lower be of material costs. products. two key priority and partially slower demand growth offset demand by -- new two, will partially states market one, creates strategies, the and
absorption improvements. reductions, address plant manufacturing headcount costs higher will through and closures the We
hold our to products provide the customers. services we the pricing established for and continue we favorable to will have We
March Importantly, we remain communicated last XX% committed margin year. to at EBITDA to XX% of adjusted we in the Investor Day range
we We have to of are demand. levers performance margin this period market a slower execute working during number of end
peak, From We through we are are transportation in March. taking facilities optimizing reduction the the attrition. by workforce of our XX% of network, out the closing approximately manufacturing and three end
also use services, logistics overtime. We during minimized demand. and our both our we of and are of we labor which removing third-party frequently eliminated of have many of periods In transportation, use reducing higher quite high-cost lanes temporary the
We and commitment better This are to on productivity for improvements drive and initiatives. automation, tools training our continuous in productivity. improvement downtime investment includes down our doubling through improving overall in employees higher to
Lastly, reflect inventory in today. current contemplated to guidance we levels, are rightsizing issued which is demand the
measures, use plastic corrugated to in will competitive we the all in priority we position. the pipe invest market business continue thorough look investing Department our This environment at market Texas strength states. of evidence for participation in control a of ADS' in is While recent The high-growth we areas continuing the ensure the exit and current additional leadership. to the includes cost Transportation, opportunity also approval of stronger of
For is Texas storm your the water largest market reference, the in U.S.
the We on as Infrastructure know XXXX, will agriculture in which like to in manufacturing, as well and onshoring market, we batteries, Investment the to as grow EVs remains that markets will Jobs market, also calendar continue such and the infrastructure due lean industrial Act, strong.
strength and been have In of never model proposition brand and relevant. promise value the the summary, more remains intact our
flow in continue generate our health. financial We significant excellent to cash
me it over let to turn that, Cottrill. With Scott
