morning Thank call. third this conference you. and results Good good afternoon, to and quarter welcome
a at a our planned driving QX customers the corporate time functions had support we you of the recently we financial this to model demand. presenting how Mark us we're than material I to welcome brought of process provide President assessment year developments in I'd impact Vice a our from recent handing but earlier have outlook. the to the our rapid and to IR our Lantz, who's continue will over Fearon, Brundage morning, U.S.
We ensure and also Bill as leave strong These our migrate got business appointed update of in You've later Brian of forward with who to Communications, like on
you you give markets sense how and Bill traded what update we're you performance. the trading in So And our through third end questions. give ground we've our a markets, the been first the we how course, of be since businesses and various answer on we'll today's on quarter, seeing on in call, and QX last through will happy mid-March.
I'll your some color of take we'll then to our trading seeing
the accelerated you the half built rate March growth also revenue sequentially was started quarter more It's economy to upon Our many third themes U.S. of strong reopen acceleration were serve strengths key results. the during just model, we played the talking and into as further fully. year the This our and to were in customers.
Residential through the markets, accelerated able our represent in been U.S. our half revenue, new business as quarter half construction. we've first the in of RMI third Ferguson both to over which in about
trade quarter, benefited trade renovations. growth base, they're professionals markets consumer and starts There's trade such residential the U.S. and continued to improved as and Ferguson's This to kitchen permits remodeling professional has well economy as housing return demand. and third been residential the and in New bath customer projects RMI major in reopen grow continue seeing to strong projects.
Turning to the nonresidential.
in hospitality centers, there in activity bright now seeing but and areas are the we also like March, spots in told education. we're in in distribution data back you market As centers and commercial increased
are third out year a Industrial further quarter in maintenance track.
Sales We easier with and access of first funding year, largely down the saw built facilities. some anticipation future repair finished through It in calendar continued undertake improving, and for to work it in early part start inflation prior to and our QX. manufacturing was about we and Activity of XX% levels, our the from significant in-flight of the still commodities, also in quarter have was sales, revenue rapidly you a infrastructure We factor about the customers which negative estimate into bottom first standpoint. in told Civil is the it's our quarter, to from the comparative half. we in have up while benefited expected projects now third in inflation total the U.S. across business, flat the goods. about accelerated from X% the
chain supply our using Ferguson with for share. our been model market, pressures. enhanced as to our balance positively scarcity.
Manufacturing other We maintain continue to think pleased price and our of balance margins. the our business including very this we hard to sheet in customers, a We've of our great time customers We our areas gross drive are which in availability are and transportation our struggling growth also product gain associates with at advantaged the serve of scale to led strength demand the revenue the to pull chains supply also unmatched work rate to staffing increased gravitational customers to a of and has of
high and developments our and also will not model. of benefits the continue very of medium-term on availability the inflation.
We uncertainty product these price impact our to levels customers recent some around course, scale limited focused our created have and business remain availability drive least Of customers, for continuing to of for rising our ensure
to the of risk scarcity of a becomes forward of of issue. should continue However, costs more demand mindful both project cancellation medium-term we're rise pull project or ongoing and
today, that very carefully something seeing aren't watching We over we're and weeks it is coming the but months.
Turning to outlook. the
we're our quarter, that for early up our from and May, business. with the will materially. momentum strongly has the picked Revenue outlook pleased continuing announcement financial through in our You into morning business the changed have this seen
fiscal IFRS fiscal the in 'XX, to billion profit we outperform expect of of impact in to Given group we the we're latest better-than-expected $X.X QX on our our the continue range as $X billion. upwards, in including view of the outlook end operating for generate results, revising expect to strong markets year QX.
Based to environment, trading XXXX XX,
stronger brought-forward I today's we're environment. demand you has driving announcement.
Ladies Given guidance the what in is this into the gentlemen, gives materially strengthening to much ahead provided March, seeing business the how tailwind, led some the from we're benefit this and and we to of revenue that insight which hope
hand Let Bill, over you the take me who will now to you numbers. through QX
