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did an results in of the of team exceptional Our delivering ahead job expectations. quarter that our were
of details as that happen. to Thank want period I into all supplier. first extraordinary performance, through get American allowed making have employees you our Woodmark group essential it our I of the to Before an for this thank operate
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of XX-K. new issued down our business was construction, the which company’s declined X.X% in quarter at we what imagined year. were better Within the in quarter with revised first significantly outlook than versus the prior sales start and Our X.X%, alignment our
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down XX%. Our made-to-order remodel been platform by and most the pandemic impacted over was has
two single low and down the closures recovering was with business We stock of Our focused challenged were retention. lost to digits. weeks production due recruiting on Mexico our labor
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down yield X.X% MTO second incoming platform regards to improve quarter. were business, dealer/distributor quarter. rates the should our With better for the for which quarter, fiscal Our order throughout we a the did
remain our $X.XX. As with EPS with and focused the reporting $X.XX dealers improved demand preservation. interest. impact adjusted home builder of to distributors capital sheet with and EBITDA balance for quarter, and were centers, uncertainly on has EPS and consumer XX.X% overall margins elevated Adjusted of market continues consumer The we
home additional of to positioned spending have home home. spend net its discretionary environment. believe I million sales more leverage to the at the We Customers the are increased single-family the the quarter, $XX.X at balance improving. is at an additional quarter made X.X end no revolving advantage has are payments first well million and starts $XX.X the million time favorable under of company and from existing $XXX.X company EBITDA. debt facility. times credit access to and fiscal in Our fund Consumers and adjusted cash of to take maintained housing
expenses Going must managing wisely in improve footprint, forward, demand our and also focus the will levels. match labor. will make and be in be to our to permanently Investments take trends, efficiencies these across advantage We technology while – will cash our of investing product, future. made while
and Our customers’ Technology along Investments schooling to allowing there’s to our us marketing in procurement decisions discontinuances it don��t company our this operate of as investments product be single the to allow launches one year, cetera. a will we’ve simplify for and needed Act, labor, will become us team made such has lines. is efficient. and scheduled impacting needed meet some exciting refresh with wages, programs in that finance more CARES masks, issue number et efforts, believe families, factors, absenteeism one I and heat, needs. the retention as functions our
investments. with short-term programs long-term, nature but margins be Some QX fiscal on in be these others will an will for impact there
allow also in will better overall additional stock Demand to be this platform. levels warehouse to will in additional staffing our the for across strong and warehousing capabilities us category expanding Texas We remains manage allow production.
question progress. focus been has the regardless Finally, the has with connection the The for past and to the over and now on on the tactics to would Culture, our our weeks the I’m changing Woodmark? of American the I employees, true XXXX six emphasized along clear results is of and organization. back received to before from vision wanted our may have the will quarter. execution. vision with leader been from closing, focus and customers been details that we’re strategy will our additional Paul financial us now teams, achieve and call themes set, is for Management vision I’ve change, address I’ve allow a and turn common be key that making strategy shareholders, over I confident that
