morning Thank very fiscal you, Scott, and year. our to you start to solid We new a had all. good
adjusted channel within delivered driven display Home the by We execute the RSI. every ability of growth to integration as quarter margin. EBITDA Products. were markets sales up continued to XX% in as We of well our our RSI on Net first our experienced with and for the inclusion
X% market our and the growth over-indexing the acquisition, our was core Excluding competition.
grew a and over our our starts, of Looking at market very to in indications XX% we Despite core channel continues perform our X%. slowing business construction, team by year new share. healthy with revenue prior within our gain growing single-family
in markets. creates delivers a platform a service direct-to-builder level clear competitive that advantage our Our of
our a last initiative to commented price with platform. business a tremendous point I quarter, have new our As at lower we grow
to core this. certainly point. confident to our we construction ability our the at price displayed our on grow new We business higher to continue ability However, remain in deliver
business early This product Southern across our in strategy although our commitments. frameless PCS remain the we in leverage to acquisition. and in progressing is our line direct new we stages, business to confident the remain We our added point, California. very our synergy on service growth solid price deliver experienced is planned through served as also our platform in with opening low ability cost Within
We see continue in first-time growth by to demand homebuyers.
significant indicated However, entry-level months. inventory data in homes remains low supply at historical existing Recent a a challenge homes. of and existing both only is of new X
labor constraints, continued confidence with rate. it the impact our future A facing and construction and Opinions consumer new is a of our serving are builders material builders side, market affected. how effectively, cost challenge of industry the key vary headwinds. labor. greatly being this the nation’s question and is growth On Combined although are of is on impact existing the rising some tough America and tariffs given potential top
As I couple the slowing of mentioned previously, months. past housing starts in have shown signs of
As of now, confident demand the fall. our going remain into we on
environment, unpredictable the it shorter in eye all been we our uncertainties on of variation the demand leading getting current with With and coming easier. we keeping We how recession out industry is see could the close a know certainly has However, in are term. indicators. the economy, our not any numerous in
However, remains long-term my growth strong. confidence in continued
starts were over per state strong consider steady minimum will single-family to housing would single-family have have X.X starts It million starts still growth. population our around remaining. we since We of near X.X growth XX seasonally adjusted million most years year what sustain at XXX,XXX, been most agree, to sitting level has a
pent-up low Although time particularly rising does inventory demand to given first mix, rentals for homebuyer. hard account very exist, the the the levels higher a it’s percentage home that existing of and not believe
demand impact is and the of our home stated in industry to includes our when our the builders and which a meet channel distributor XX% before, it. center find have efficient dealer X% at a very is Taking remodel acquisition. long will look excluding I lenders and As there business the or way increased run revenues
all that between there business just acquisition, know when channel remodel, With grew Although considering this a X%. it the dealer new our is particularly we and by within important under remodel the channel to under classify regards to mix excluding this we pro-consumer. construction was the distributor
be business consolidated number a forward. consolidated one the have distributor organization and dealer will synergies and going under our given reporting We we as
Although very a Within cost healthy home stronger two special order low distributors of quarter. opportunity the the by XX% grew larger center the and business that the within our dealer our the growth been offers our for we strong has platform pro-business new business with growth us. of for core
We stating our for X our promotional levels more quickly at well were we have been that parity years share. over restore would
this. Our reflects performance in certainly the quarter
center remain and kitchen future, optimistic results. very mixed had category the Within Although environment. about promotional upon in-stock we bath it the remains dependent home we our overall
had On very comps. perform. positive, the partners well to year-over-year the center with tops challenges and continue quarter. to center regards With We focus has a the bath, our our been home quarter the strong kitchen vanities, with through pro-consumer, in-stock execution one performed standalone for challenging. unfortunately went partner which on standalone and reset expect of we to our with significant which strong business business home sold are a units in includes combo marble With this we recently vanities some and top, the
get to our work to with the and and partner continue product resets We new completed displayed our inventoried. closely
volume One minimize competitive this end themselves is bath within channels. are In vanity more impact growth. ourselves addition, higher home space competitive to is pricing revenue, volatile. challenging To pleased Overall promotional space and is within recent the as as other explore establish have with differentiated strong we a activity well very advantage are in revenue we this bath much our within that our additional the by product. learned thing we center favoring
we great many right however industry our are as economy there impact play all in that we head as could variables I mentioned optimistic we As previously now a the the know whole. remain into and fall, as
the under underway tariffs China potential impact company. on impact. exact are impact Section billion the and the and Speaking specifically now to tariffs number our The XXX would hearing process there that it and industry, is industry our the listed assess a $XXX very our proposed items of to is difficult
However tariffs. within susceptible we are many upon are therefore much China than industry less less dependent our to and
of we will are the plan to to offset What In through via internally pass-through addition, cannot impact we diligently offset price. some we changes. sourcing working help to
I teams in two finished as by aggressively capturing integration. versus favorability XX.X% to leverage. our of within continued operations working has been organizations cost to on They say will that we extremely quarter XX.X% our one significant watching at well. material inflation, it remain driven together our logistics the product impressive and mix come sales are higher our gross headwinds the as together perform Operationally, cost also on margin, as stronger part team and was Moving overhead as synergies year. commitments. in prior Despite confident generated our well
our at on had this EBITDA of our from million prior with targeting within net we XX% pleased fiscal XX.X%, successfully team how employees million summary, we tremendous we XX.X% the $XX executing Looking uncertainty the are our up $XX.X industry, feel that generated of margin a to I finished related quarter We from adjusted communicated quarter, solid the a very prior the year, the integration. and On strength between EBITDA we adjusted exists continued income performance. year. in XX.X% are in is margin, to year. are and testament consolidated very our new solid very in the adjusted tariffs. start In and up our particularly to
execution impacted been much to Woodmark of our Although our our America, have competition answer platform. continued Chinese integration less to to competition. a work, focused product competitive noticeable in than be much ensuring and has captured offer service this share we we With American has on due
We kilns dry from have and it We one it our Kentucky. merging special manufacturing growth the and Virginia flexibility have cost coming of When capability of RSI’s have the the remaining on that low highly challenging By to few it the this execute lumber platform. invest details. I to the most vertically clearly service purchase believed the ability America platform, believe with special Scott team by and and faced can efficiently rates With green proven With we cabinet strategy firmly in changing the core we the strategy, we our with recession, shown Appalachian we integrated and in order still of industry, industry companies. our the combined respond over Mountains of right competitive efficient financial and industry. had turn always will successfully capability in in forever here that, when to our out the the environment. for develop to the we best the in platform order with chain have in the leading supply
