Thanks, Brad.
just OSP nearly But for on Slides commodity how on in and and refer liquidity LP while than housing the including housing this describe to more Siding first segment well. North prices Single-Family U.S. to the the our a XX% report OSB. happy starts I'm at on are moving that, all to market within of quarter the last capital LP factors LP's little drop and to As and randomized a time the in exceeded a macroeconomic in allocation before outlined the the quarter focusing by numbers significantly guidance, our drop already, wild XX% I'll more components We of year. control. quarter broader navigated presentation X Central XX discuss and dominating challenging environments responded
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drop, volume completely helped they higher and the it. offset as as So prices out offset expected, turned it to
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in discipline positive allocation. this both OSB costs And segment brings and capital EBITDA, this million cash $X market, managed of so, to with the to capacity and and generate both which flow focus me
now cash million generated of the in with Referring quarter $XXX million to XX, slide began $XX EBITDA. LP and
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paid also in a customer year rebates. million of including about accruals, $XX million We $XX
this typical activity. first is of quarter All
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be And significantly as we're of has Forex financed LP facility fighting And for join enhances which to to our Brad $XX strategy. norm. fighting the the our OSB our from prepare happy million. so we're existing it we acquisition, next using been announced recently employees acquisition very excited the as Wawa about growth This mentioned, entirely funds, team while have this where very
to deteriorating have Northern We will on also We're disappointed and in the Entekra Entekra. action, this regret made that the impact close that closure California decision the difficult necessitated environment the housing we team. the
But ultimately, core businesses. we invested better capital LP's is our that determined in
quarter, assets in we noncash the Entekra of quarter. of cost as down the result, a write-down the the $XX corporate of business expect the we a course wind As second roughly over remaining to million
have market strength patterns. traded Publicly as XX. spring uncertain brings me Which to housing ramps referenced shoots guidance building encouraging despite in order remains Slide season on The the up. green their home builders
with demand. seeing total starts down, only However, can mean smaller that this builders are reduced
continued Mortgage applications remain to quite sensitive to interest rates and stubbornly affordability. high prices challenge presents
As offer a result, lack clarity to we still full-year guidance. sufficient
down our Our will the that second but best the files volumes read order suggests this being drop quarter. that would of of anticipated And outperforming starts. Single-Family Siding's be in similar current first year-over-year housing substantially mean to quarter revenue
drop lower expected than will, quarter the increases X% volume that worse revenue Siding partially price Year-over-year is for again, offset be year-over-year. such no second to
OSB than see for operating current current revenues This of quarter. total at these LP's the business hold For XX% $XX the quarter levels, higher recently OSB, would we be the expect at least assume Under increased assumes would first sequentially on that prices about prices rates assumptions, based have if improved second such million. demand. flat EBITDA to
in they starts prices were strategy would two let conclude on a on components our without in the housing the tremendous thereby to to of better LP's more this. me last rising dependence reducing XX% Single-Family now Perhaps can truer starts years, OSB the market we SmartSide strategy like over cyclical business, prices. whether flow. housing. a strategy test is where So, tide a our almost a test taking commodity with With specialty simply market volatile by outperform share resulted cash grow presents continue one is relying and any the have of the of have of our drop
incremental a LP's OSB combined consistently capacity Solutions. even maintaining It's by also can and Structural the positive from contribution at recent an opportunity of low to that management, demonstrate operations prices break efficient effects segment disciplined
strategies And our arise, to not opportunities development when test when our sheet in well and flushed with resolve LP's business strong use allocation we're lastly, strategies cash. as as capital it's balance invest these simply a to of
such The be won't the commitment the can XXXX value by first first demonstrating strategy responded our surely, But and to of and, LP test deliver. quarter was it last. it our the
we'll questions. to And be with that, happy your take
