now with nation in earnings reopen. you economies or many effectively review Good morning, last on to follow we everyone, response, of the joining and Thanks our update Nadeem. I March, for our Since call and for a shut provide COVID-XX weeks have today. will around partially Nadeem an thank financials. months, will us our early and down seen begin business
industry leave as is you I assured want Select to call effectively evolving great The landscape. Concepts deal unprecedented a today, has COVID-XX of this to the Interior uncertainty. that navigate feel But well-situated situation you created
effectively a the resources business, employees sufficient group a downturn. of talented We to and navigate have high-quality financial
strengthened and expand tools enhance investments strategic offerings, into the footprint, product our have in our our win The our position recovery. broaden online recent to years to
the During market the both our installation strengthening into our sizable addressable focused reach further businesses. we first in distribution quarter, on platform to and
execute meaningful to cross-sell our the despite continue throughout activity our acquired products was in volume to in faster a than We late-March grow of businesses. gains to multifaceted The and evident quarter, related most COVID-XX. deceleration markets, our progress integrate strategy
First quarter sales X% to of compared $XXX.X prior million the declined year.
homes. we have products and unfavorable due benefit mix gains was to prior including offset volume the shift on this the mid-level calls, regional As This identified of dynamics, more entry to entirely acquisition. to
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flow from Across these we implemented The $X.X and management aggressive excess of produced enable tighter in adjusted operations efforts cost higher company, well efficiencies. of to and working productivity cash the management office results network to back project integration and of ERP capital systems EBITDA. million, levels,
initial Moving an Slide done to exceptional have job remains our and objectives, COVID-XX. committed to they quickly to to our entire longer-term X, the responding shock team economic of
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guidelines work plan addressing protective practices, as COVID-XX for travel our social potential a Again, include our for protocols top remote sanitation priority distancing, well restrictions, is Safety employees. and exposure. checks, accommodations protecting as coverings, temperature
branches serves Not employees. as and way for our well-being the led only of this has business, morale but to is team the good our response circumstances and is an arise. for resource coronavirus Our as good informed
global supply continue carefully inventory needs. to are address working relates it chain, managing to As we closely our customer our with our levels suppliers to and
any have our disruptions chain. experienced global far, So to significant supply we not
taken of to terms cash In enhance flexibility. liquidity, and we financial proactive have steps our
continue Our from significant capital on flow we provide expect this operations positive, and resources cash remains to the will more structure. the detail our cost year. balance of and to the for Nadeem enhancements
regions provides at at varying as economies to of stable prior our picture, business Furthermore, into RDS X, Slide diversification outside backlog speeds. enhance our remained local cautiously are a markets Moving of teams this to the our stable Southern reopen geographic aggressively importantly, geographic more continue several exposure bids certain And quarter. through pursue California. to while projects to project our sales delayed,
our we effort, and upgrades. In Across line launch smaller for that resulting at call builders Momentum to prepared physical experience increasing tailored proprietary to homes, of Design, selection homebuyers which better last options points, offer the to customize builders the quarter, shift mid-level jobs to without price web-based we a we conducted footprint, can entry showroom. technology, are this design with of lower in soft our fewer with
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and customer it very relationships. feedback positive, resulted has new has in already Initial been
by all tool We are remain rolling in to this out very excited RDS of prospects for and technology. the markets the process new
new and the cost ASG, product we to throughout countertop several quartz lines already actions porcelain In beyond enacted, year. introduce plan
high-end to streamlined supplied, formally introduction lines to launches. existing of tariffs. with replicate with supplier Chinese We the we reenergizing work the tile lines, our are a partner In prior lines by new continue product to our new also base quartz product our and
project ERP several to mid-year. individual and better visibility implementation enhancements market as provide our costs. distribution business will management, completed the technology will by our implementations control and to processes simplify product ERP our These local us and branches Finally, over well last better be in sourcing on demand ASG as
of I'm responded employees extremely our have summary, In proud this how to crisis.
these be challenging their during for those our meet dedication for recover. the particularly an an whose know challenge in our continues will ahead on-site of though challenging will and business Even as jobs and perseverance everyone, facilities essential this I presence. months environment that the demand stronger all we to even be necessitate times, think, I associates
potential attractive remain opportunity, we executing the business a premium such, on to our market market for of to our committed As attractive generate solidify our long-term capitalize shareholders. position on and very returns
And Nadeem. with I you to turn Once the over again, call that thank for joining. will
