and for you joining thank morning, Good us.
for and to their First, producing work entire and great team hard our I want Company quarter shareholders. thank TopBuild our another dedication, for
challenges. both revenue adjusted same-branch XX.X% successfully the expanded. and navigate EBITDA a prove In of and and operating segments team strength our basis, margins to the of Our continues opportunities quarter, on ability at increased second the to business financial performance XX.X%, model market our
strong completions. Our installation by a basis, over in supply-constrained grew handily on just XX.X% basis, Distribution, XX%, outpacing same-branch driven and this business prolonged execution price environment. a volume on Specialty same-branch realization with grew
the project to continued operational internally and strong improvement end-markets. performance, steps growing due taking bolstered the mechanical efficiency particularly and insulation is with pleased by Revenue execution, strong industrial commercial performance, expansion. of enhance and margin plan, are driving are We DI’s to we’re the of ahead
strong these effort well, we proceeding teams from be managing the more and the not could integration DI with very the is pleased results coming this As demonstrate, great functional process.
from distributor as of We our the benefits our the of exceeding business talented well or size, of core outstanding to are the cost operations close into ahead as schedule competitive significant No capabilities, driven focused which, installer acquisition are team us scale, of matching standpoint insulation, strategic blending on and team, other the comes service advantage. our of synergies, our organization. DI TopBuild expectations. a projected The this gives by
better. In timing have acquisition DI of addition, the been could not the
well housing the into on operate XX% able of U.S. is economic fundamentals of a be basis, the a solid, penetration TopBuild we Although annual commercial a housing, outperform heading our the a which, against on are revenue. business, that than the providing forma and any mix to With of diversified industrial slowdown. environment. in shifting buffer pro environment long-term for aware should end-markets recession. economy are end-markets, has and industry market two different a account our over this increased now cycle DI growing of the These towards residential housing consensus
million. almost to homes starts still under reports buffer XX, construction completed. under backlog July need published totaled be data X.X that that construction of large Another the is homes The on
growing the across services. team of end-markets, integrated event we half strength optimism from branch mechanical the cycle for respond units about been system. mined the ERP using of need country are Plus, mentioned, quickly, of commercial, a our will installation Assuming this still our nearly that year. the insulation leaves that seeing half have in XXX,XXX insulated, distribution our In already these slowdown, homes or as second operations tested hence the our data industrial,
Our pull take the of out the can levers to honed has business. we multiple costs over playbook, years,
serve; and prospects on acquisitions Our continue us management, our and productivity, and to we us focus and robust will operational a and our and scale best labor excellence, Furthermore, we decade-long efficiency, a core strong sheet the momentum use continue environment, best industry-leading and supply shifting the achieve industrial. commercial, have pipeline in unmatched operational is capital, sales, a overall competency acquisitions across and additions well the chain, significant. we to serve to Acquisitions on all in synergies balance serve In our residential, industry. serve customers. we of exciting success as onto enable our and to integrating believe economic are focus and, our end-markets our are three of given important business our systems
over total, contribute As to a million acquisitions revenue. we five these reminder, In since annual acquired expected June last including are XX year-to-date. of have in $XXX XX companies, year,
While are our allocation acquisitions, repurchases attractive capital number priority remains option. an one share also
ASR, program. the has new $XXX $XXX approved a our to million million addition completed In recently Board share repurchase
cash positive in return position a value free puts great to repurchasing by to us Our shares. shareholders flow
ESG, Turning Report our to May. fourth published annual we in Sustainability
data, Scope performance our more safety emissions, We are detailed enhanced information. demographic now and disclosing One workforce
rates, over on in XXXX, of total our improvements are consecutive time and we of priority extremely safety the that XX,XXX the have case employees. since lost shown lifestyle we years demonstrating We proud recordable five put
is benefits install to cooling. to energy drive emphasize front, XX,XXX What deliver in we On far heating every efficiency, lower the impact are life operations. we carbon bring want our efficiency clearly usage, customers energy efficiency, distribute, over and again thermal and environmental we the we to sites products that energy our inherent business and reduce is the that deliver of for at products. outweigh and I The emissions our in day the and where our install recurring job
about either Investor of those want thank in-person thrilled to our via strength you were Finally, and future, to any highlight or TopBuild’s our We you Rob? give depth to are who the why we the so before environment. webcast. May, in and us we Rob, over of outperform joined for are call late and turning better in the I Day market of understanding should excited why team, the a confident we
