Scott third Thank inclusion our our with for performance and volatility RSI. sales the up the of overall XX% are in experience markets, were with we and quarter. pleased you, Net fiscal morning. Despite good
was X%. core Excluding or acquisition growth
to region continue direct-to-builder well experience and with business. the as our we southern leverage new within over construction, at Looking we our decline our with the sales our as and The by as construction pronounced indexed within market strong by business X% XX% at California, competition X%. our growth northern channel We in volatility a prior a grew did net more new southeast. year our core growth over business
the us. large growth which expecting some strong We related with impacting a and in economy we were economic Texas, the the and overall and our the factors the given the both we Most for – quarter, performance in wavering was revenue are consumer notably, in shutdown, quarter remaining macro all industry. tariffs uncertainty markets to in confidence. excuse few government our variables. Coming third particularly on However we believe challenges me, Florida third of were driven most that micro of markets uncertainty into volatility had by
On the much settled. the somewhat market towards it housing as appears negativity than positive,
XXX of of challenge. XX% to create a the However, tariff uncertainty continues the a bit
opening a shift demand market. the remain know they production satisfy our origins that issue homes. inflationary cost addition, confident relationships continue In the to Through on are confident for At and of is price very direct last quarter, throughout consumer. on labor remain call as pressure same I builders. and in underpinning time, and availability the our the to fundamental remain grow we drivers price is finding with noted answered platform. particularly we to Most to to low to And younger the construction. yet builders the our point agree, remains the dampening meet strong, critical lower question focused the demand be generation is new well-positioned fully growth we Affordability very by notional this new with ability at the of point. lower solutions The younger demand builders point real price
our acquisition. remodel of impact the home center increased business, dealer when includes including revenue Looking at a businesses, which the distributor XX% and
did core X%. breaking business made-to-order specific our When remodel by we acquisition, the remodeled a Excluding declined down volatility channel. experience
in prior Industry the year. shown Our dealer from data core X% has channel. grew business slowdown dealer a
revenue Excuse with Core index the number the any revenue the believe our a However, was overall of our market micro home factor. some and reflection of we space. variables declining more both to quarter. to during a quarter channel, made-to-order prove that me. net We in do within demand of challenge we third lost demand over our our continue A period X%. from volatility the believe we share of impact and not center continue this to demand in home center be in macro
business the is difficult look made-to-order our of forward, we the As channels more remodeled to forecast.
departments. Our on partners kitchen home performance remain the center of their very focused
of activity home home anticipated promotional remain their center this factor. resources and made that Strategically, store changes one in individual critical drive, part short sales the a has some kitchen impact in support strategy center As negatively to in are partner term. cabinet
levels closely number a parity are as promotional levels although this for addition, In could monitoring change. months, have we at of potentially remained
within pleased center strong very for feel business and the remains with our On growth. positive, positioned it home remain we pro
with our nicely our category, Beyond double results accelerate our center business experienced Within home we digit and offering center strong to quarters. continues stock improving kitchen over within home core remodel growth. frameless prior revamp for bath
comp excuse year. stock the excluding – positively business, to positively, fiscal kitchen when finished bulk comping business bath our home nicely while discontinued also for me, first this product, continued within recovered time centers Our
moving a We seen to forward. have favorably our business very and in continue nice comp bath expect to recovery
majority at one Regarding to in within we for for bath this the lows. fact comped now behind the of on that – remodel the the lapped predictability point, with be existing new discontinuing forward remaining fourth fiscal a term. have near construction, look challenge price be just Existing the with Overall, negatively is remains the quarter. as sales the inventory sales as some time of going product, We record feel is key our the home now. is completely timing home to opening that us in as drivers
linked the first is the into we time home market. the buyers to Let our the believe me remodel for critical home to Longer-term, market. first existing continue team enter to home a time industry for buyers getting within driver ability directly growth
greater will baby allowing up. move pace, thereby to need homeowners boomers move this happen, existing down to at to For a
demand long-term of about remodel the feel cabinetry home time pinup existing categories the tied other question be remodel The home investment. The – and first legged related existing As other purchase buyers and move industry. in excuse a major timing. to a buyers repair remodeling to cycle us is optimistic bath priority keep resulting inventory. will Kitchen to up has this recovery, health inventory, the thereby always continues kitchen age following and very we very
goal in to competitive total core continue Our growth industry and index our low-cost over short growth term – leveraging total platform. is advantage while our it strengthening the
challenging on plants to despite gross XX% finished despite prior volume, we our the on up margin, well, quarter a demand. performed Operationally, at Moving from volatility XX.X% and year.
manage efficiently to our is ability platform a benefit. Our backlog entire made-to-order across tremendous
very challenges, the a did two and this lower key of we on our needed spring. with labor, carry the positioned tremendous employee simply Inflation efficiency within However, remain variable the teams factors past our that meet our demand, pleased forecasted logistics higher to is cost macroeconomic have visible remain to also in continued to a the for This driven level on labor I'm months. improvement true demand Counter gains. our also of focused culture, we six extremely improvement, reflection strategically. turn over
tariff, the XX% pricing we elasticity little to market. the of through increase the Regarding date, of via remain sensitive the past are to as it
on with the potential We much leveraging tariffs our can as as moving XX%. are negotiations focused are and of of Clearly, the closely we increase the low-cost current this the through watching we China of offsetting primarily platform. to resourcing and
product. in actions imported numerous have tariff, of building We of anticipation including inventory taken the
low-cost – also been by teams platform purchasing Mexico. exposure and our to actively leveraging manufacturing in resourcing working Our have our mitigate and
is further recent uncertainty I a significant As the of simply news the the decision. tariff challenge the previously, with most delaying mentioned
However, we if take will as to help the the pricing means offset XX% tariff a action materializes, impact.
the than Moving with were We onto lower this performance, particularly margin, we pleased expected quarter finished considering adjusted the our EBITDA at XX.X%. revenue.
leveraging We have industry with the performance low-cost focus been on operational strong continue facing our to headwinds platform. and
point our On digit penetration prior in generated existing net the cost up we on from synergy work. the opening business adjusted $XX.X levels income, Our markets. origin with we growing at we in million million is Likewise, price plan are double $XX.X year. strengthen in as quarter our
to that cash down free flow On housing quarter to pay regarding fiscal uncertainty allow our us significant strength summary, builder into and In to industry going call, our fundamentals conditions. last solid confidence our positioned our and the the us shares. third repurchase and we the overall our knew on debt Lastly, partners. of I existed reiterated of the strengths – market position continue our
once volatility market first direct time with is builder new affordability. home the over we by Demand The experienced is buyers share growth. did indexing gained X% through in business the our we construction challenge market, Although again growing.
making downward cost builder leveraged partners shift across are point With that feel affordable direct Our strides to the and to product significant new product our we our builder price low and Origins will platform. their continue offering offering. lower mix
understand and the We With nation's have regards the from are will working top to same to to diligently we remodel, strong of to continue builders us. expect they service market commitment come over with level made-to-order inventory movement, buying product Over market. space. in design will prominent the generation much impacts home the turn more become time, the expectations. will younger existing This particularly and in
ahead this on of curve the focused new to innovation, We pro-consumer. are through our frameless and service new product effectively ability remaining our
see to we a solution. our markets, markets the on interest our are and in nearly pro of by it do diligently strengthening homeowners. yourself by of in driven continue all less multifamily existing We Outside working strategy
differentiates focused I a As strategy we this on channel. are the creating us extremely past, that in stated in
with and/or We sourced to market other low intention – the commodity Chinese entering have a and of as product through products. heavily is no simply competing cost
platform. and create years impact to to become notes, uncertainty again, through the service Our five product when our current leveraging have the a uncertainty commonplace. although back past look call builder working on industry, word advantage the wrapping In some up, teams our my about are competitive very and economy clear the has of I certainly we national four once both
strategic As uncertainty call have let our never know, we most focus. this on guide
this continue when business. and commitment the on industry. comes the game to to it our its long-term choices the deliver is make cyclical to right We Volatility name of grow
or or to will entrants However, for being and difficult strengths that, success. extremely you that and competitive Scott detailed clear focus creating to financials. is our focus overall able the replicate has back industry I continue thank and key for competitors to With our been it turn I a the to to new of the the will advantage be on over
