Thank us Good thank on you, and morning, joining Julie Ann. you the for ladies gentlemen and call today.
quarterly welcome I Before our take for Jake call recognize and to our first like Petkovich, we Financial time. opportunity would joining earnings start, the the Chief Officer, to
the banking Jake wealth culture to and industries. in and of to impact our We on the business Patrick experiences many from investment thought his and in are management, the forward and leadership, team excited across creative years of positive brings extremely look process financial us Jake come. M&A to on areas a to our have
in thank dedication our incredible, role to his his tremendous like day for is evidenced leadership commitment Interim John he just the team CFO. to of engagement, our our his people assumed energy to to his and and passion, Patrick reflect every and Forbes contributions as interactions I'd with John's enthusiasm, Additionally, organization spirit.
of team the front, environment our with prioritize energy COVID-XX continue and we safety to This and enable implemented with well and and the resilience services to On production tirelessly ongoing us team changing well-being members. and health, team to products strong adapted schedules. and our work worked has respond safety operating for continues has to the protocols our to demand to incredibly demanding
us have our made central the Our and core model during foundation together to this business care one for which it possible values, to are for been culture, dynamic to align our humble for time. incredibly another
quarter tight. demand inventory and to fourth and strong Demand quarter retail of channel tailwinds OEMs interest our our strong, also the which our boating on positive to and for fronts both MH represent strength through of markets, industrial XX% address their growing depleted very work activity XX% view and of backlogs. revenues. of further our in replenish to bolstering our RV meet of lifestyle leisure inventories Continued strong performance reinforces continue the demand has momentum representing Housing fourth and remained the segments, remained revenues. housing
us priority and that Backlogs well. supply for to has to in markets. demand urban ago. demand MH indicate be for year were single-family ESG related active is the Additionally, and shifting a continue very these rural over communities improvement suburban and outstripping a homebuilders just from initiatives been home amid continue experiencing as migration to both activity OEMs these markets
environment, initiatives, production investments to continuing a byproducts, materials other use Our which core through a development drive make in our capital continued product revenue that industries. through on and sustainability have to their solid end and based which resources emphasizing focus we they is empowered growth in on programs also reuse provide operating We've performance management reduce off reclaiming to in and values professional of to teams double-digit of of fourth everyone With quarter in quarter. where again are pursue and valuable tolerant backdrop our to goals. QX, way are in the and was safe, utilize the and our a fourth personal inclusive momentum in accelerating all innovative human markets
to financial per match As we the a the operating model and during and profit, income strong execution operating our business OEM income, and improved and to fundamental builder cost fixed our production leveraged and earnings diluted share platform, gross levels net up and result of with structure drive flexed capacities quarter.
and $X.XX service year quarter. fourth Full to the separate customers. products We generally diluted increase per a categorized $XXX revenues million to year, be increased source or reliable XX% efforts quality a our three in reflecting of strive earned ensure year to our prior to Our chapters. fourth share, over prior team's uninterrupted can XX% compared $XXX quarter and million the of XXXX
inventories. The through recalibration, first with began retail first our had marine lifestyle mid-year. inventory MH and low RV high for equilibrium, inventory from were previous believe impacted leisure bolster core markets poised markets. in and further rebalanced the estimated full After benefit demand while months. interest XX reached, all primarily planned wholesale exceeded chapter had by expected. momentum with industrial quarter we And markets the Low as correction with our rates increasing it demand to of and our
was in early protect safety and quarter the and We overnight second for for being implementing businesses and protocols guidelines not straight that the our down a alignment due that of designed to paused and and our marine five those of declared the the to second weeks, number chapter communities. operations through primary CDC new the end our the both RV members emergence virtually concern ensuring of quarter in with of COVID-XX year in team shut essential health team operations did did. navigation pandemic, safety Patrick where our unprecedented first the the of the pivoted at The to
to geographic shutdown to production continued lows. partial channel well recent historical wholesale which and shutdown industry-wide continued RV very OEMs marine, retail finished in the inventories to ship to dealers, units depleting in During
we sharp During quarter not did very OEM second to a had weeks and demand operations lifestyle, and remodel. a also and the a service recovery environment. production to and industrial consumers in that pivoted period, the our as repair and in country lifestyle continue saw The across six housing in leisure that shut housing dynamic and snapback final customer down base our towards same leisure in markets five within
to team customers and the in demands the adjusted shutdowns, to deploy take appropriately The was needs we fashion, needed dedicated committed base whatever and established strategic the while in builders. capital, quarter team to our did Our meet our protocols care allowed to their to in addition of second our OEM customer the our and usual efforts despite accelerating of production.
from our strategic forward be expected quickly focused the demand. third flexible and team And pulling and ensure have pivot in we to reflected to a highlighted nimble. The chapter defensive position. to We CapEx strong infrastructure continuing ability and again, support a position and capacity on investment our to
Transport, Stone, with use we Taco Range cash and We position, companies also our valuable Synergy the were strategy, platforms of acquisitions to liquidity flows Geremarie Plywood, our able financial strong Metals. and Front accretive Inland our add reignited and to to acquisition where
production more prior billion, year, increase five an For of year, our X% geographic over the unprecedented regions the weeks wholesale an full approximately of reported RV more of our sectors. shutdown in despite we $X.X net and than than of certain sales marine
X% increase $X.XX On of diluted million reported $XX and net X% XXXX. line, or the bottom share, per we income an over approximately respectively of
dealer marine sales trends. and at turning weeks driven continue dive RV to retail both used, recent already-strong Now, and the in hand. RV as a be to end and by ended deeper lows measured inventories, by markets. new historical marine demographic our year on
outdoor housing. New migration shift markets buyers to to a a continuing and recreation ways a in of supporting family COVID be of looking demand demand affordable reenergized MH friends and rates to time rural suburban continued the interest social housing, driven result our distance and activities. as by increase spend in urban interest Housing and from and for low to quality with industrial attractiveness and trends, areas in
million XXX,XXX shipments out retail to sales. RV consolidated increasing out unit in believe than X% in estimates, units were sold. up historical more recent for pulled were XX%, unit also quarter. past dealer units months inventory and shipments Dealer sales over estimate between of to inventory up were continued level on the RV our XX% decline increased in the sell-through units XX of full inventories XX% to of inventory revenues last of immediate based in dealer at in retail delay wholesale totaling backlogs the continued XXX,XXX due were the quarter represented channel or And XX XXX,XXX we XX,XXX shipments retail $XXX period and that months for pulled dealer replenishment on and resulted same unit lows the respectively. X% were year. or up and cycle. XX,XXX wholesale to over We the and our XX% fourth RV Our increased units XX% channel the
offering XX% shipments indicate than are the a opportunities RV weeks approximately Our widespread existing dealer lifestyle, strong value strong Americans over proposition will hand to with traffic inventory the period. that in additionally XXXX greater continued campgrounds market and from study continues along more camping recent on experience up Trends. to and benefit for for OEM outdoors. same awareness and new by The Anywhere capacity and RV estimates that from The work-in dealers, commitments users XX% provide all retail upgrades on at down amenities to investments is dealer of the
marine wholesale, dealer that our levels. trends continues RV retail based momentum On side inventory similar demand the and of and on business, parallel
marine since XXX,XXX boat products shipment inventories. recreation. industry demand of low wholesale same created strong in for units The of approximately patterns where in Marine to the estimated approximately our the retail estimated X% our quarter the XX% to quarter aftermarket and in have full over including increased shipments channel for were marine in a products usage representing period. revenues on XX% new similar for resulting unit grow the year $XX historically Heavy increase the continues buyers, Our secular $XXX marine XX% continues have by trends XX% are see marine largest to to retail outdoor shipments up and XXXX. or million that presence year million driven sales increased
that approximately up that Our dealer period. approximately indicate the down retail unit estimates over XX% same weeks on XX% hand on inventory since XXXX here shipments are are
markets our enhance trajectory to healthy and of recreation the potential. the to for consumers space. expect addressable broader marine family We customer markets are network We need effect distancing and Historically demand dynamics continued summary lifestyle XXXX. leisure expansion lead base demand of a through RV demographic and us low of as are the for throughout support continue In will unit satisfy the likely very believe from continued shipments domestic for expansion customer RV base and believe poised into this and to time continue the the positive inventories social benefit marine a friends. wholesale growth and embracing XXXX. supply longer-term quality the and The lifestyle strength that leisure markets XXXX with markets and and marine our
business, demand remains market future trends of side again and our tight the and home strong saw tailwinds sizable segment The single-family surge the and manufactured improvement housing potential. of Now continued of affordability activities. turning increasing and and housing of to projects demographic new the a to to Strong related growth due do-it-yourself OEM remains indicate backlogs housing population. very industrial robust appealing starts we once
in production of a quarter the business increase currently and tailwind million of XX% fourth of Our represented prior wholesale the to fourth manufactured $XX MH XX% experienced unit compared OEMs Revenues through our XX% represented our OEMs XXXX. our production overall hurdles which shipments capacity sales in quarter through are which X%. quarter, increased of the revenues $XXX total X% working increasing housing backlogs MH healthy the XXXX sales in year. fourth likely an of on compared mix have industrial post-COVID million of in indicate to
big residential housing and single-family construction growth was box continued new market to the in driven by remodeling Our home improvement supply home and improvement demand. robust starts
drivers low demand supply. rates demand Additional interest for homes include suburban and tight
in all due of the impact XX% starts our XX% housing Single-family secular a increased health-related XX% increased and the positioned primarily have demographic our of housing economic starts quarter. XXXX. fourth summary, strong quarter, business continued primary trends In multifamily housing starts fourth for growth in in while and tailwinds to trajectory COVID-XX. decreased through New lingering markets the four
addressable backlogs turn our fulfill structure as investing continue OEMs fixed who to alignment our to the call of infrastructure are over markets performance. support financial to results. continued We drive leverage our additional our expansion they in and I'll comments provide expect the now Jake driven continue to and in on cost to will by builders to
