morning. Scott, Thank and you, good
R&R Despite our solid headwinds cost challenges a our results and generated continued operational strong second performance margin softer EBITDA with adjusted quarter. and market, for fiscal
over-index growth our stock in to market with kitchens. brand strong had strong new continued the We construction Timberlake business single-family we growth in and our particularly
growth with cabinet considering slightly This a we X.X% year. strong to up installation. Net a over grew very were when a a single-family continued by to sales business X.X% channel. compares X.X% from for fiscal the new start market our at volatility lag Within construction, quarter of prior
market. combined fact share are large builder big with single-family share overall We continued builders with within our the to the gain also gaining that customers
expansion and our Northeast, all California. single in optimistic family. in markets, remain continued on regional Northern the the strong experienced of Southwest, growth We We particularly within nearly Texas,
challenging a such Southern that California has significant business factor market PCS environment. remains the a become Affordability Our in has considerably. slowed
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options, of fact, In they driving the to cannot consumers higher afford. have simply priced they consequence unintended which
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the of being the is growth. asked tied tariffs the One to questions on specific and our impact the industry key of own
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is that tied and factor one is there prior that some anti-dumping creating forecasting announcement. unpredictability the build to to in the However, inventory is
As importers this could still see future through demand. upside bleed inventory, we some to
ruling successful in the by in and anti-dumping ruling. more final International yet the the hopes AKCA addition, a driving In is we are to Trade significant Commission come,
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dumping the challenge manufacturers. cabinet all is construction However, all of a plywood for cabinets American
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In geographical revenue, quite of variation regions. within bit channel summary on a by
will momentum, growth On price market-leading product. their us significantly Origins over-index position. to foreseeable the are will regain the Builders our market continues to given support the moving and growth benefits for down, given our which points this positive, which housing we continue future,
of challenge and more are to remodel predict. a Repair
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different These simpler driving buyers removed our make XX expect to complexity than Significant experience years. must and a been buying for a those have significantly industry that reliable over buying be more much experience.
deliver those greatest and exists process. new expectations, that and property promotional the a offers with buying understand upon and existing our segment take key their superior discount connect completely dependent time to about not within than different will today. what experience is extremely new attributes consumers, complex be the success Long-term and It
This buying our the and are future in is important, is on portion of experience is consumer but entire we remain that must success. Product why we what a so focused only confident change.
We will a deliver and our commitment customers. experience our successfully superior on this to challenge to provide
gross margin. Moving XX.X%. significant finished on we the at to Despite cost headwinds, continued quarter
running execute to extremely and cost continue we operationally. teams Our well are our on synergies
disruption. As duration. costs greatest our associated quarter, scope with continue tariffs much managed offset the regarding our both to and be the fiscal tariffs and we first particleboard to XXX of with unknown
continuing and tariffs. in increases complexity to business cost avoid focused very passing along on to our are price remove We associated with
the of tariff our have and little given moves However, duty sourcing additional cost on impact much countervailing in had Mexico, previous to cost operation very low us. our anti-dumping this
from at Moving the versus on to XX.X% We prior adjusted year. quarter XX.X% finished EBITDA margin.
our very and are cost performance facing. we are the pleased given with challenges We market
team proud are is am what personally accomplishing. high they I extremely Our functioning at level a of very and
net $X.XX income, share in quarter, year. the versus from the we adjusted diluted adjusted in $X.XX And was $XX.X million generated prior in our prior On per up year. earnings $XX.X million
$XX.X Lastly, current for million year. our free strong flow cash totaling remained fiscal
in term X.XX to million times leverage was $XX net loan. paid reduced adjusted as our Our down we EBITDA
was within and summary, In another quarter tough our repair made-to-order remodel it business.
short opportunities the our feel is exist. center Although and dealer and home channels, growth softening future term I both we relatively indicative are seeing not of that within
up. in have ramp it home and the a I will demand tied that cycle when a strong matter not to if, is existing It pent-up the is belief the is building cycle. of
and firmly the I However, are affordable to also of believe solutions of beginning in lack and simplistic impact see retail within the shift that the demographics space. we the
consumer We to change new consumer, are firmly needs we shift working to that happen our this partners dramatic a and our that Strategically, the solutions how undergo we address believe experience. aggressively on to industry market with targeted needs soon. our entire in
builder improving tremendous Regarding at to is our win our is a our to direct with model our strategy. and It integrating new businesses our construction, Within partner. business, teams our is stock of reflective major market our success lending partner for home a very center strengthening regain relationship. it
confident to in growth to Housing over-index and has share been continue are We industry always gain. cyclical. be our ability through will
in we that remains R&R, with feel strongly as significant growth However, single-family.
winning addition, are leverage channels. our absolute game, the across is necessity, the we as customer to into our but experience Creating is Volatility focused the the execute is unique ability formula. the other an throughout service to on look center strategy future. an with platform exceptional In ability the entire an we purchasing innovative of name process
time We and forward. move have win winning for some we we'll as to been continue
you turn will that, I Scott With to and the financials. thank for over back it I detailed now
