good Scott, morning you all. and you, Thank to
headwinds channels. Although margins proved undergoing quarter impacted volatility as to challenging have some revenue pleased our our change The our been and market cost we our itself financials now. third that be by within with we comps, for time are fiscal were positive is predicting
we X.X% construction, and strides were to our quarter, will which position over dynamic up in new prior net the Within industry say sales continue to significant future and grew regards about year. future businesses, make for we as the very our quite foreseeable Timberlake an includes be PCS we the strategy forward market our fiscal leader. X%. and optimistic With Although to long-term remain the least,
start was Revenue overall specifically lag the start from considering alignment business. with our direct Timberlake cabinet single-family to installation. growth Looking and in the at
to we our Regarding revenue growth outpaced share. our unit net gain as continue growth, we
region, point price the we Texas, of impact growth percentage average seeing a an our as homes saw opening on Phoenix California. are By expand, in continues expected, As we cabinet. strong to Northern per and Southeast, take
remains Our a challenge. PCS Southern in business California
Although growth negatively so in recent business recent that become continues on impacted. bids competitive, the be our seen market starts, to has some pricing
a conducting on market, the within business. right to are particularly strategic remain direct analysis We we'll continued we Overall, our continue growth, optimistic this business for and new of low-cost decisions construction, our platform. make Origins we within leverage as Timberlake our
of large remains strong, single-family U.S. continue to market. builders the our invest The and overall economy our share and increase
market for the growth and come. fuel will the entering are of consumers industry the Younger years to
Looking at X.X% remodel prior was center our up dealer/distributor revenue to our business, includes businesses, home year. and which
we and center benefiting business. Our a affordable combined we we more market, solutions. X%. we to stock as across communicated as previously, our experience country gaining from home nice in bath Within continue growth business are our shift double-digit center is favorably was see comping up the kitchen entire major in business only Not a home this, kitchen but stock
tariffs Chinese believe do seeing kitchen are we some the our of on addition, In we stock impact business.
the a designer remains We home not competitors, going. is in This will within where baby rates. R&R, the boomers It reflection declining the the or for stores backfill transitioning. be very the is younger driving younger industry, generation very our double-digit experienced within is and higher-priced to this and how value-focused, continues to affluent solution the demand closure of clear consumers more and into series business begin I product provide improving higher-priced firm center to consumer alignment new once remain simplistic that this also opposite this solution few tariffs recognize activity solution a more made-to-order in market commentary we less favoring we Strategically, to our competitive again changing Unfortunately, in and the than on committed business, frameless growth. today, the Within is is to requiring group promotions will is elevated we a and center time. much with challenged. minutes. stand what providing Promotional are are over affordable environment. market exists complex of demand
per X.X% dealer/distributor quarter. our dealer we for over-indexing Regarding business, Within we the Waypoint were business, grew down this, the our data. industry KCMA
our for distribution direct conscious change negatively a Part is distribution from Timberlake of business business quarter. transition our some comped this channel. of However, the through
within a couple localized in challenge Southern seeing summary, in continues and areas. pricing of channels. and California also we're a However, volatility between In significant
we price point shift purchasing our in We this. piece capable to as a for with strategically regard seeing are some The to retail challenge experience. industry transition predicted in and partners a remains of is the absolutely Product more have a now. simplistic time helping
However, enhance our far including interface. process, entire the scope product beyond extends digital we must as purchasing greatly consumer the
be We know within be believe clear the will next but industry. couple years firmly our mean there of volatile, winners we will
antidumping we associated are only winner, and are by the approval pending has leading to rate, to would the Commerce change. to moment final investing ensure on on absolutely not impact. comment are We the lawsuit a a a like I we ITC. take rolled
Although not ruling. extent provide the so on significant, of initial change details the from will Scott the the
to we from mentioned impact the believe Regarding the cabinets I of business. the imported the overall all-fiber seeing construction previously, we are stock transition tariffs, some as
at is also order KCMA special it on within minimal clear is business based that However, impact the best. overall the America data, on
to last significant taking prior penalty As last I call built our on call, was -- inventory effect. the antidumping mentioned
is inventory depleted. being This certainly
However, it the remaining to is know difficult levels.
Malaysia. very countries XX% versus to circumvention two greatly not We is same these prior Chinese expect within we how aggressive ramp-up the data a of however, to continue, clear On China of very exporting cabinet the seeing circumvention that in tell. and are At AKCA. producing what time, the achieved. these It of out do a the alone being a a imports thereby cabinet In time relatively Only volume the volumes like that countries decline actually Vietnam reducing are significant from the legal do we have cabinet much overall imports. past impact of this year, over transitioned produced will insignificant tariffs. components clear positive, was being have is the shows companies
However, successfully against remain a to committed can expanding imports, manufacturing we competitive do compete service. America keeping and in that of solution finding domestic core advantage our
Lastly, would thought we the be impact coronavirus. many experience on in China, I from any potential interested may
shutdown. previously built as positive, of the New On inventory Chinese year the we had part
full are process are based We they not are anticipating on we the contact suppliers plans, this At all confirmed have less have supplier significant China but ramp-up and any our operating at they with in capacities. time, than mitigation and impact. virus reopened, currently
We the continue situation monitor will to very closely.
our demand scheduled year system better to the we for we the due our levels, days We we the operations schedule of prior in run inefficiency margin to gross synergies. winter by versus in number have on well, challenged retain third the always year. our we fiscal months in further lowest at appropriate the and our our quarter. down XX.X% In Yet, were continue some in at system. balance capitalize days our down typically cost backlog general, incoming To We and of Moving rates to experience to quarter. XX% for quarter. on in the came
inefficiency overall, beneficial introduce into some do the system. they Although
well the move industry. significant too the California by are in supply of were to our significantly, simply XXX facility More most of cost and tariffs in tariffs, overcome. product understood disruptions awards, the
Although of there are some that difficult impact, outside we of are minimize managed to to have much products the source very China.
on by unfortunately, ramping the the to regards continue to by material, successfully prolonged price minimize premium. capacity significant U.S. come competitors. were dependent to work particleboard supply, more up as logistics new With the are opened resource in behind the speak impact. supply A further on at U.S., extended the being capacity this Our the than impact our was within I start-up is in We Significant amount slightly being to of facilities we options schedule. to renewed is and DP, unfortunately, the however, however, teams manufacturers a has the U.S. within due and managed
partners. working with team very Our is our closely
a headwind Scott to provide to into expect near we comments. the experience to specifics continue his However, will this in cost future.
cost quarter. our the in of of plant our incurred in fiscal was majority California the third Lastly, relocation
On the ahead of finished complete is move cost. our on and plan now positive, the
R&R the positive to at headwind and cost our in margin. margin, the details Moving With cash will the finished EBITDA on to mix from the addition We to gross business. on we impact financial, leverage impact discussed, within lower-than-expected continue as Scott our regards adjusted XX.X% did versus prior for quarter on of XX.X% And our sales the on inefficiency SG&A, key lastly, drivers provide position. The of previously made-to-order our I business. year.
the following our However, investment, we paid have acquisition. down debt are pleased we with our extremely
strategic allows Our future. well only cash home make frustrating The buying pay investments cost not as the center debt as within challenging generation margins a In it but are summary, release. R&R. was to for made-to-order quarter down side headwinds us on important
remain disruption. the committed we mitigate particleboard to to impact However, and the of tariffs continue both
the expectations, the the affordable industry disrupted form This consumer our need of and in solutions changing over the to truly changing recognizing disruption as is more remodeling importantly, greatly the to our of come going enhance dynamics we More simplify much to experience. our industry, offer overall will requirements believe next be years. and five
of systems and thinking. tremendous strategic require changes extensive will These innovation thought, understanding disruptive
forward returns us over for but space all confident very to vision and future are ability a and Our in This are competitive the in to investment provide only investors. and true excited not require positioned next well strategy related these aggressively we aspects. to moving strong investments, continue create our We the win are in and will three industry. to four about remain years, our new industry strategy within financial our our disrupt, to make
thank to the it you, will I back I that, and detailed over now Scott turn financials. With for