morning, Good Karina. everyone, Thanks, for and you us. thank joining
workers with essential our are and that to everyone has communities. frontline I'd First, COVID-XX share our roles by in thoughts pandemic been who like especially those in impacted the
plan Equally is first When on business and safety partners business and needs of safety health meeting response a customers our at and focused a appeared, continuity. during challenging our Our customers' and the focus JELD-WEN implemented comprehensive pandemic associates, and is this continuity. we the important unchartered time. ensuring our
for customer workforce line that demand. with crisis. could continue protect business government decisive meet swift manage and to and to we we of through leadership all together proud our took our We so our as mandates and this team assure rallying associates I'm action incredibly continuity in of
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Please note for of the COVID-XX our of of The on results. previous carry outlook, EBITDA margins pandemic, a even turn quarter was X and XXXX. to first into that the slightly first Page first revenue delivered quarter summary continued from ahead our limited, quarter we brief pleased results we to XXXX though slightly Despite I'm was momentum to X.X%, impact expectations. below
company, we a our core for due core the primarily achieved to versus revenue. the in margin X.X% quarter. for of As delivered note, decreased North second and to X% $XXX quarter consecutive segment of Europe a cost core price revenue America the consecutive expansion Net inflation. third quarter Also reduction revenue delivered growth favorable consecutive sixth million
with quarter flow in First performance line normal cash seasonality. was
term Although environment, the navigate economic and its guidance for and of year. the the given we positioned through uncertainty longer well impact, fluidity the withdrawing of market unknown the are are pandemic social we to full current
we the with We additional recently notes the to positions have We new liquidity us issued covenants. need future. an grow with no liquidity maturities secured and or offering maintenance debt provides us standing near-term in that it a strong debt position in opportunistic of financial financial form should senior
temporary expectations, due and in our cash line the We taken position production to actions. offering detail improve will steps to first call other shutdowns flexibility. were in later and COVID-XX In give the some despite activity financial our and largely enhance on with demand quarter, the we've localized orders more
we as the and our on was enhance is demands of even customers, focus safety meeting Our measures.
that disruption had chain experienced QX we on no supply our impact Fortunately, results. minimal
We risk from minimize disruption. products continuity supply our supply proactively to and chain suppliers alternate qualifying are assure new and of and sources suppliers new evaluating
X the Page we've highlights pandemic. the actions taken to in response
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enhancing work self-assessment allow Our for manufacturing response for daily reporting and health employees adjusting protocols our and included and operations cleaning establishing sites. to social frequency sanitation visitors distancing, to
COVID-XX or minimize and standard incorporating Our to at help our other being utilized us hosting updates enterprise share with implement practices are standard is and our work sharing learnings. JEM, Model, risk, locations. to established communications exposure operational to and JELD-WEN new operating webinars best work leaders Excellence We've regular
me share of place. examples work in you standard now Let some with
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before facilities. of associates permitted In some own locations, drive-up servicing been other also CDC conduct either wellness before mandated our be shift, customers processes screening. In to temperature associates recommended the are consistent Sites From coverings. associates so establishing locales all their have start we priority. use CDC also and continues it. the public temperature In Where in assessing all single-line are screening the in with the are are United we out enter of encouraging has healthy has addition guidelines, flow they for a a to to while perspective, to coverings or face business mandated, are facility. face evaluated our and States, wear we each the use requiring
have are working contact potential meet serve global across to the leadership supply in with mitigate regularly evolves We real-time disruptions. status formed understand and as operational weekly team to meetings chain response their our our we any to that outlooks and respond We're proactively customers and we their to pandemic evaluate countries. constant with partners demand, impact, teams and pandemic regional daily
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May idled and Our reopened mid-March in Malaysia operations were X.
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our centrally we all consistent and which food the our supporting with and have In at our are locations around executed decided in manner operating with response needed funded JELD-WEN the local locations to Through provided donated in and values homeless our equipment COVID-XX world and around the to world, operate, associates personal line to efforts, levels. a banks protective hospitals. best communities support desire crisis shelters
a taking actions and senior cash enhance well. second some trucks expenses capital in Directors, quarter also discretionary dispatching of delaying to serve are we're and our appreciation support management work. we to as local proactive police other expenses hometown and of investments these the staff gesture and and X for hospitals XX of time-off, Board food on and project for the stations of reduce furloughs as and include Charlotte, for measures highlights fire those businesses the nonessential In and frontline, These compensation meals and reducing and the liquidity. at Page comprehensive thanks management to mandatory preserve prepared to and reductions
demand in minutes. April, healthy which for drawing since walk facility In the with measures few of March, prudent took a a very solid and pandemic quarter offering. in enhancing QX funding longer these a through from each notes our flexibility are and term our a ended step also our $XXX more detail existing austerity segments, impacts we the on drivers customer has through We secured our you by down financial Page will X. remains discuss John first geographic The repaid I'll view unclear. our orders on but senior credit demand which liquidity been successful the forecast of different backlog, of million on
some mandates. facing closed some are segments to related operating that to due due near-term are facilities demand three reduced stages our of government to COVID-XX Each and different challenges, of due
associates. the meet into see working of expecting and prioritizing lag to We further business future pockets our deceleration to we the construction our see future. the meantime, our In in April, waves of of and to demand in R&R the effect stay-at-home new markets, of in demand continue orders are safety impacting many strong of from while our demand that are for demand products
this and to a demand We for time. have scenarios analyzed variety uncertain test prepare hypothetical of stress
we in this levers we've costs cost for have and teams in so reduced that response Our our other changes tier can execute to in in deployment already structure advance and cash uncertain identified environment, demand.
will service cost begins to share growth perspective as capture to from our additional and position We demand also market a business recover. and
maintaining us to position efforts, success. accelerate a are through strong position also and manage with uncertainty, balance for flexibility, urgently sheet and growth. structure cost we we profitable ability this liquidity share the long-term combined should attacking As while gains our These drive
are new We new before. America, intend In demand March slowing. as took Residential JELD-WEN North stronger than quarter and out this effect of though planned are increases continues, come homebuilder holding. price orders pandemic and starts first to largely in construction a
delays due later other expect to lag. impact demand may the and though in until year felt the We fully the be second quarter as not reduced progresses,
stock capacity, and demand special expect Combining and on doors Scandinavian be we we order SKUs lower outlook market remodel stores handful volumes last remains windows demand second and either remain North continue the to and of America retail weakening volume year. in in and an orders. uptick weaken in expect and more versus POS, the quarter at and North are high-teens demand While to to the Germany repair percentage trend operating reduced open stock even America the In down closed a healthy for toward with markets. online to mid- in-store that or sites Europe, with
U.K. our operations there. facilities shutdowns government-mandated France and impacted the However, of in manufacturing
Europe Construction in activity expect facility is also signs plants in in Showings Australasia to date, we have revenue volumes will restart housing COVID-XX and second to results to the to improve To due and percentage although response in below Overall, now limited. design the is by already COVID-XX. down impacts progresses further slowing closures, for April year as markets compared centers was there be prior these in contraction. activity be mid-teens open low- year. appointment been by to the only our and traffic we showing operations. impacted these the available quarter quarter expect showroom Direct-to-builder remain ongoing declining. are to of prior
closed year. expect May due in Malaysia mandate the second versus reopened government X. to as prior were in mid-March quarter down both to for plants Operationally, a high be volume We and percent teens in
operations And pandemic and demand meet eventual assess business operate COVID-XX. to related we market conditions continue each region. upswing general will needed safely adjust to We market in the post as and to
businesses As together ways relationships with new add as recovery our finding our expected we and opportunistic to contact value to customers be to are working always, an and remain in their we close market stage. to move and
address As market foundational the the our same. remains we and dynamics, business adapt to strategy pandemic our associated
and Model for environment. operations delivery, our demand Excellence cost gain modernization the We the execute on operations, and future structure, to program functions to rationalization JELD-WEN the to and particularly uncertain improve productivity footprint continue deploy and across our our rightsizing
quarter financial results With over to that, more review the a first of detailed of to for it XXXX. our Linker I'll John provide pass
