Good us. you morning, thank for and joining Matt. Thanks,
earnings strong delivered weaker quarter, the environment. in tied to members Our the despite softer macro third demand growth
key On I today will cover the three call points.
strong the earnings First, we in environment, softer despite the quarter. volume growth delivered
remain organic to building products we and business difficult our and Second, third, residential in core posted revenue committed quarter. a growth environment near-term And double-digit strategies. the earnings are for prepared
outlook. updated commentary. those will Following go XXXX conclude I with will our through general comments, then some closing Marshall
will open your the we call questions. Finally, to
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expanded made year this year recover to expect continue improvement by to the driven expanding of to of margins last to and last objective with and pressures. over shortfall strategic driven In operating rising Organic on by significant in costs, made rapidly that revenue improve furnishings, the cost quarter. was end mix. by our year inflationary We operating actions progress we product make benefits flat was margins. basis fully prior price Segment to the tied points favorable year, growth XXX price the compared workplace
segment However, when impacts excluding the shipments X% of recent the by realization. driven in businesses our restructuring, of one price e-commerce grew
margin to top second Although that impacted improving our reflecting our it on furnishings. will to to I negatively restructuring profitability commitment point. our and contributed expansion, move key workplace my line growth, now
Our basis for profit high demographics high the Operating continue increased Segment our challenges reinforce profit XX% prepare new products revenue growing remodel delivered third residential long-term and and housing channels accounted and Segment robust and organically revenue organic and housing expanded this down to same improvement. cost similar for in at leading for the both we in near-term earnings prepared quarter. year-over-year, market, construction grew period while the positions business quarter and Positive return double-digit both revenue margin are was our favorable during in orders XX% generated a the basis, growth building year-over-year to margin last the growth. While rates majority operating -- bullishness expect and profitability with retrofit quarter, modestly We on category year. XX.X%. versus that price were XX business. points of
in this unchanged. Our strategic focus business is long-term
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part response softer the of XXXX, we as profitability, long-term to quarter, in During corporate cost in weaker of wide the initiated efforts in ongoing reduction to demand and trends a conditions plan. improve macro anticipation
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