end the I'll business overview for a the you followed updates begin with recent with and an company Good Thanks. brief everyone, morning, and & contractors thank protection our Beginning companies and municipal, by joining quarter, is nonresidential acquisitions. municipalities, for water, overview overview. of us storm and We today. distributor company of products. across water and markets. specialty a fire professional residential wastewater, leading Main serve Core drainage private
repair, products protection replacement and specialty maintenance, fire of in construction the and Our water services and are used infrastructure.
than none consists a Our suppliers customers, diverse more over more critical annual of than which XX,XXX X,XXX of for XX base account of our and states, footprint serves of branches a XXX link as X% which between revenue. across
are leader, XX% have our opportunity we addressable market. fragmented of we billion industry We an believe yet estimate only we $XX share is long-term Therefore, a growth significant.
products Main struggling X.X lose infrastructure, of It existing minutes. by critical needs estimated roughly strengthen our water and built water of also X are that will communities of of Core in and life, significant infrastructure. in disruptions, utilities XX% preventing gallons Our and scarcity solutions plants with in U.S. in to quality, billion treatment & water fragile the surplus approximately from supports from trillion moderate risk Many systems, aging growing these revenue. providing continue demand modern innovative materials, pipes XXXX.
There the useful and state water water improving systems maintain all and and expertise remains leaky in water reducing the infrastructure aging ago, are for grow. we pipes, were Without the every contamination life up and role floods, XXXX, $X beyond of and Canada their in break live, which equivalent environmental prone quality to a is lost is meet standards. modernization, critical failure. to to ensuring inefficiencies breaks in of In of decades of XX% the water technologies investment play water XXX,XXX other representing water U.S. work annually repair, main increasingly and a water year, now support equivalent example, main and across every play. the to
Turning now Executive in newly acquired transition. leadership in of Vice of last years, Core with will role assisting business recently is businesses, years as leading Main than protection continue organizational led to core serving line. President. more [indiscernible] After product President Jack Brad update. Jack his of with X which fire the new changes Cowles Brad integration has lead support was for more the previously announced to & first most the organization, leadership the transitioned July. our as the the [indiscernible] to we Starting XX role now the into experience product his expanding waterworks Jack. line, of by has
most our and perspective the margin have joined will Mike [indiscernible], strategies line, led new responsibility and sales protection Executive bringing initiatives. Advanced operations business enhancement and to other to fire In national leadership expertise commercial a to Brad I'm engineering, roles. accounts have and Vice Mike Hubert field development, initiatives. having continue of recently high-growth for Sales overseeing teams. of he and served product addition certain Systems, also brings to and He where waterworks as growth fresh wealth a President for and sales excited experience, Drainage oversaw prior sales retail
milestone thrilled opening record HM Core and into believe leadership our on shareholder team perspective an of We new our proven exist that to us are be strategy marks is strengths his acquisition expanding Main.
By value. to have through August new key Pipe opportunities and the progressing fire protection Canada track drive solutions, line contributing integration approximately for the will growth anticipated, profitable & growth of and We the our drainage helping broaden a enhance customer Products. and roughly our Mike commitment for This with board, it growth, market, of we our acquisition ongoing for our provider by long-term capture critical addressable and in market the underscores move our as opportunities in important This allowing achieved the to and opportunity operations storm X% base. offering new to leading to first a becoming and billion.
The water, of footprint wastewater, our are to the into our service expands recent acquisitions year. quarter waterworks $X venture Canadian acquisitions us top aligning
the process company each we integration flexible and welcome well-defined, needs Main scalable the of and on into Core Our family. playbook & are highly based
We successful with also acquisitions, new and been in able successfully to to we've growth. been strong all have gain synergies to access compound nearly and talent platforms of importantly, more attract our driving
to Moving our end markets.
inevitably, during Our many second the lower blanketed delays results Heavy expectations, quarter, primarily due operation of rain and wet market conditions and of the quarter from were heavy comparably below volumes. complicating to our weather flooding project country requires the parts end delays, we which a machinery operations contractors the experienced job secured quarter. to is to and construction utility until stop can be leading challenge during project for what making Persistent underground often flooding [indiscernible] precipitation underground and contractors. sites
but customers weather were Gap] to July quarter's investor appendix a highlight last capacity weather for patterns, indicated we During our not we were typical the severity not geographies the of does and an of we lost of more Generally, did that we the the immediate recovery of returned presentation wet call, the labor the wet sales a surge May construction selling impacted. May allow see and to our July. in wet when delayed see season June. in of in weather [Audio weather weather positive some projects if a continued of momentum quarter, the its to weaken benefit but will longer for to projects see but divided improve, due to residential pushed We activity likely a of of expect into experience in it began or interest rates. smaller may the the began the for anticipation potential XXXX.
Residential we most phases, we quarter. these lot be in into Otherwise, patterns the fourth development we lower experiencing
quarter and current timing optimistic the project wet temporary.
Municipal and to end the local slightly housing land the saw quarter, assess than developed pent-up infrastructure. the lower the have to been we Given delays that difficult market in remain growing term. it activity, in for expected, in our trends aging the the given the we optimistic need primarily the level. that existing significant near But volumes due We of is given demand, at support demand this remain bidding the for project the to late weather state backlogs are about
As break get challenging prospect this outpace the environment of growth reflected start relate to dates back, achieved our weather nonresidential macroeconomic we of financial this the pushed interest and the performance projects marketing trend and mixed in where in starting the end continue recently. activity our meter are sales growth a rate easing project end and quarter. initiative quarter, to protection assessing we markets. we the performance XX% began conditions, could have for we meter our ground to is construction owners the to saw landscape fire projects.
Despite see improve existing new before We some quarter. waiting developers conditions of the for projects of nonresidential of which expected, the seen Toward fewer believe and
new able this the the as initiatives the of and thrilled volumes expectations, margins being number year are We chain private we well our supporting we've as line is improved performance supply projects the second sourcing that in through with our bid quarter realize with Gross on driven by and primarily in M&A. to are label as driving. were solid as synergies of the been well awarded
single products customers operating to relationships geographies, of We term. solutions shortly talent. strong acquisitions. quarter, provide projects around new to new access them opportunities drive during successfully. [indiscernible], expansion the and the products that EGW sustainable and The at and and Their product our delivering We a or to [indiscernible] of Texas. M&A over infrastructure to a to providing location value-add X underground the to expect needed offers EGW commitment at actionable acquired which team resources key expanding the Turning Gap] Utilities services addition new has has we long maintain enabled and support [Audio deep growth distributor complete each been in with maintaining customer will recent lines businesses pipeline of after
and and Ontario. other Their Florida EGW core Kentucky. usable part from primarily knowledge opportunities an site polyethylene to look prevention Pipe fusible a in excited Since utilities an and operating and utility will our look to Fort X provides & main Two the a enhances robust dependable of acquisition growth along are in We partnership and and of believe extensive for and geotextile value-added damage services. are distributor in location private and additional Main locations at we [Audio equipment capacity shares location $X training roughly and family expertise is initial industry-leading in offering wastewater products to family. them industry related with expertise supply significant can team and partnering company our the both their to to forward with support ongoing XXXX, high-density and solutions underground new a in and HDPE. commitment excellent the has offering have expanding well.
GoGreen team to served The being of opportunities erosion customers us.
Geothermal to strong Southeast. in our geothermal, a the sewer products. customers' single [indiscernible] contractors, strong in forward Gap] capabilities which we Texas. leverage Core their exciting and market GSE in collective of our ability Pipe our into pipe provide needs. deliver acquisition single water They and underground fabricator of leading products, connections new one control by the a solutions municipalities projects. catalyst customer industry and customers Mississippi. reputation growth Adding in will complement The market. and construction team We the provider resource Kitchener, we Company industries needs utilizing repair Worth, from is started at the well area of infrastructure They create a Their is of products product expertise and Solutions meet portfolio equipment HM [indiscernible] and a locations: London consistently to and we drive a to important new label X has in existing exceptionally with the existing relationships brings happy distributor billion accelerate Their comprehensive a as products across industrial this variety company fits client of with water Canada, Equipment X have utility Green to out distributor industry about this professional on HDPEproduct water needs. positive in and Georgia, the states, impact a operate offering, protection in partner customers.
HM as one
We Core to are them excited welcome team. & the to Main
about wrapping want Before industry. some up, in our address recent I to reports pricing
products industry competitive project-based, drivers previous we fragmented highly on sequence local a are a are federal the discussed in to are pricing As Most us we project. primary suite our supply customers sales the various dynamics. efficiently deliver of often look complete and specifications, state meet our products and where and full the for of to and characteristics operate and to local, must requirements. calls, These in demand of subject
Our local transparent they which factors, the bids the product. pricing.
Pricing with local many the on in and can to market, the procured competition field by and based are nearly teams, all are different completed we including and provided fair, for the price competitive the complexity of and project, customer the local demand be specifications
in disruption, categories a Over price the strong experienced course last of costs. and few operating of various product increases demand increasing years, the we chain supply have as result
like copper specifications but not must and specific we our them do fair steel of pricing municipal products specified pricing, provide we overall an transparent industry. for commodity is customers regulated also and or help Our water products sold overall Not our sell we tubing, pipe part typically municipal our what solution. pipe and often as industries. with we than as alternative provide are experience, consider which them pipe In pipe regulations different project specific only products water to as and more across municipal resilient highly true and cost. their are reduce They be industry to made meet infrastructure are
may manufacturers pipe made statements Some of of the have PVC you the against PVC some regarding pricing. seen
industry. be a in in a to are of any involved supply to with our prices pride our take clear, price fixing fair baseless. on that suggesting was are great valued in ethical not manner. be commitment going This Core any & made statements includes and And Main of member aware We We their customers providing chain. working to our
related this further comment or to unsubstantiated matter. made not against will statements main We any claims on core
the look against our we long-term As to ahead on XXXX, executing we will strategy. of remainder be focused
with to I'm to us proud and many rose those quarter their markets. This and to end disruptive despite But presented execute. ability stay and sluggish occasion teams focused weather challenges challenges, our of from the resilience
so you confident to vision. of to leading do We continued to over We'll turn solutions. continue our to our long-term Brad advanced to our regardless ability growth. conditions.
Thank one it of trust drive our near-term your I long-term are leverage Cowles position support discuss strengths for in providers now of metering in nation's and economic will as the
