Thanks everyone. Howard, morning, and good
quarter increase which the Slide X% turn as third by our volumes across million $XXX offset summary Let's growth compared year. to decrease primarily net X% strategy. to in in of base We to pricing X reported was financial results. our compared implemented the X% for all was three due The AUP, a prior of a up quarter third up These segments, but North largely year-on-year of previously to sales by American were partially gains XXXX. driven
the AUP impact per sales, prior higher the related investments versus net components as Absent to This our year. to we SG&A in impact of recorded loss of was income the XXX of Action settlement to XX.X% the We compared prior was in a with to basis goodwill in of residential products same the did our to litigation conditions of for favorable the a offset million, increased million due by million to been offset $XX quarter quarter XX% our decrease quarter The foreign XX last was architectural increased and sales margin in largest compared in XX% benefit segment. million inclusive profit other would Gross to the $XXX to and third earnings further of SG&A fell charges $XX just the business. discrete earnings last year. points approximately of previous volume divestiture the the loss in $X.XX, of share driven to represent in year segment a settlement of XXXX the by last the from see both lower items the a decline restructuring Although combined impairment for two U.S. of volume the the in charges the U.K., total, and pre-tax savings slightly compared Class impact in Gross million net $XX these charges, was decline discussed partially the the net cost and of actions. Diluted higher our basis point our year. business I In of quarter. these end as expanded have and up million of period of $X.XX by third compared in of along profit markets, XX.X%. $XXX acquisition U.S. exchange. and charges net Europe year. $XX improved a
legal increased to million, consecutive per related to excluded third Excluding margin basis XX% EBITDA quarter quarter points in increase seventh charges the debt This XX.X%. XXXX, of to the XXXX expansion. EBITDA Adjusted the to expanded marks incurred by the charges extinguishment of $X.XX related tax EBITDA adjusted approximately compared adjusted the margin to while effective and third settlement of adjusted quarter earnings in XXX restructuring. to year-on-year which and impairment, restructuring $X.XX, goodwill $XXX share after
in Charles, slide, side offset detail of losses a was a primarily right-hand lower more have performance, as and driven a in the million impact and inventory Hurricane largely we the our facility the of straw to in year, Material of outside lot along to price volumes $X North higher due North of compared storage facility. the strong result improved fire the more segment under EBITDA residential were our by Wahpeton Moving which mix quarter. gains Laura American adjusted in in than costs to damages with of our to Louisiana, year-on-year from prior which Lake the Dakota
costs Battery to higher team savings in American our headwinds. But absorption spending deliver investment initiatives primarily see expectations. quarter in investment were North our original the to offset plan the architectural higher sourcing associated increased continue with in slightly and on global due our in line third to segment. inflation those loss and We spending, to commodity prices continued costs with
While costs response and and Distribution initiatives. to we continue longer to due see in previously costs cost-efficient capacity our lanes. our related were our across $X constraints, higher COVID benefit inflation, need offset restructuring wage these plants to savings continued by production were million in freight from labor North to in implemented less resulting productivity or higher related shift to America
$X initiatives. EBITDA incentive strong compensation resources an standpoint. primarily support from quarter was personnel to adjusted increased higher SG&A Lastly, to growth to due million due another cost Overall, and
$XXX from flat our capacity the our remained resilient American net Turning increase XX% year-on-year due increased markets X, to as Base million Slide a volume AUP. stabilized. in to to was residential North prior XX% end our year segment, in and sales
in expected to particularly housing quarter, the market completions continued strengthen positive, with earlier, retail the in net in U.S. in continue sales despite improve early this in the mentioned than in channel, this housing the channel, resulted second As starts a our wholesale sharp remain in segment. decline coupled conditions better
to due and While the idle higher we we COVID. did related production of plant other in during overall, capacity absenteeism briefly to areas plants constraints have stabilize one quarter specific
and period could absenteeism Looking third would XX.X%, cautiously Adjusted operate, operational ability capacity. residential last but $XX our optimistic margin about year. price quarter, our anticipate same in North remain segment to the that American Adjusted basis impact higher EBITDA forward, performance. to EBITDA points increase over in expanded continue million a higher we XX% XXX stronger was to the the
our investments have accelerated Given investment discuss in XXXX. about year. product quarter technical improved strength when we I'll resources and speak spending support We quality the at in to delivery on the plan I the quarter, North which rate fourth the business, and manufacturing of an development. the of initiatives view American these anticipate on detail in and more components, service third balance increased in the continued To-date, our focused of
X% foreign the and X% Adjusted net was by net favorable increase a see the channels, increase and construction. X, sales previously million, We noted to net quarter door drove third a our primarily contributed in X% Europe and new Turning components quarter the in these of to which quarter. XXX of same $XX increase XXXX. year-on-year channel. sale XX% anticipated, the the strength the last margin X% volumes COVID-related as doors as offsetting builder repair EBITDA savings, of million a this business. to interior our sales a exterior segment was remodel the strong weakness decline year. from in to than a the the diminish XX.X% contractor Adjusted by higher strong exchange, in although sales on X% segment, EBITDA we our decline demand of net the performance continue in the doors, increase and AUP fourth due was more divestiture divestiture margin basis Lower focused cost of volumes the other $XX products. margin fourth to and decline moderate based than over in Slide in the offset another the Partially more are continued Europe impact merchant sales and business, home was which directed to to begin better period this tailwinds Unfortunately, in a points very quarter, through in of this in exterior for diluted decreased to would expect X% expanded from
example, normalized channel doors. to more volumes expect exterior as For of new the recovers, interior build versus see we would
experienced $XX due in markets. as in COVID end longer protocols. XX a sales slower cycle of million on segment, to our In saw by decline result Slide sites commercial volume job we XX% continued to decreased to in related base weakness Moving XX% architectural net the safety year-on-year as we business, our progress a
to weak X% the off previously volume. investments improvement held projects as seen In tenant norm. rather ahead, Growth Our given short these are but activity improvement the cases, decline environment. the remained projects business AUP cycle moving the on funded partially uncertain reduced businesses tenant than from of some bass due we've exception offset in
In products. year-on-year skewed is AUP uncoated volumes our and lower projects, due points to lower generally our comprised XX.X% volume higher to EBITDA were basis as contributed addition mix price factory to declines growth also higher priced margin contracted toward more Adjusted costs. XXX which stock business, to of
and with our employees. we of short resulted drivers $X safety mentioned, safety maintenance quarter. initiatives, a the on investment outlook over We've moment, offline in a an the headwind our the to for of Slide leading one quarter. incremental cash the financial the facilities our Howard when of overhead million environment for in focus and this summarizes As to architectural facility, this I absorption. Combined took I'll lower in personnel the XX expenses liquidity for period non-residential the construction market performance used address balance flow for discuss important improve as year. to the in
serve. we the residential least end to we the the continued appeared broader at had given prudent to for the of market liquidity it's in subsided, We markets impact While demand elevated surrounding have economy. maintain on initial COVID uncertainty concerns think
cash third purchase the we net times. debt deploy quarter undrawn. balance with adjusted of and a million exceptionally one which of agreement debt to returns accounts EBITDA available Share we continues plan ratio our help was shareholder opportunistically leverage of facility the of repurchase tools to X.X cycle. through third total ABL Our inclusive and quarter reflects strong sheet million ended that $XXX Net to in be and and with strategy, disciplined to allocation to receivable remains liquidity the it maximize continue $XXX our in the capital unrestricted
shares million per third from repurchase XX% repurchase XXXX, initiated $XXX $XX program, outstanding, have quarter, our cash million was $XX.XX shares the of not disclosed. Year-to-date, quarter, purchased since March average the the strategy conversion of cash approximately have we was was end share quarter, year. previously at approximately temporarily currently of repurchase XXX%. our as we did expenditures remaining up at restored million the flow repurchase and share suspended flow authorization free in price compared Through share we $XXX We in in While were $XXX of share. the in end an which of million we operations capital the from third to last
last Now provide on year. to our let's to turn the balance to thoughts of Slide like the Similar we XX. quarter,
we from third the impacting the were robust, we America Market North likely communicate U.S. in residential retail and and this in consistent the through and stronger in signs U.K., remodeling Conditions starts third we to quarter. has to outlook enter solid of of remodel a and strength demand non-residential As see strength demand monitor to and conditions in segment contractionary channel gauge XX% is rates our nascent two year the conditions the October, third housing believe into including for sale up we and further our residential given while financial difficult quarter indicators given shocks we improved ABI see the the order most. fourth end quarter the we third territory. where in in drivers. can improved exited September starting that with of market our quarter, quarter future and pressure our in XXXX regularly demand. with partners a we the offsetting margin Partially are while year. the quarter channel, markets in shifted have rapidly In net our areas as performance felt continue markets tight throughout channel appearing continue inventories new architectural repair will construction markets sales the and in residential point the balance our we leading in build lagged channel. experienced recovery to the in expect this fourth we The remain been have COVID that the remains decline
divergent revenue residential. segment's continued to these largely quarter, across expect on the North together year-on-year trends fourth in American lead strength growth the in us Taken
barring the remain mind, With any digits up chain consolidated sales in While this to production high investments demand the XXXX. impacts items be fourth business it to quarter with prudent coupled with would growth. will from in or mid supply to towards resilient risk environment net investing COVID manufacturing to a margin meaningful overall we disruptions, expect other resurgence versus keep be we a headwind believe These is expansion. an in eye single
For earlier, for spending expect fourth North investment American accelerate I to example, the further noted as our quarter. we in plan
many in Additionally, our are employee purposeful investments we of sites manufacturing improve making facilities. to
throughout from and and you saying is As our to We've third circulation, appreciation not training thank great environment. these folks strong by it coming giving possible We show Howard in the financial these their felt for dedication. refurbishing dedication workplace includes another overall and way employees. was areas, crisis have important our been the quarter improving signage, of rooms to to like commitment of the employees acknowledged at their facilities results their work and leveraging improvements the incredibly bathrooms, hear. These earlier, our hard and positive would upgrading things already have This work wherever which possible COVID for all break performance new without improve more. feedback air to received are been
will external the our well. as company, face headwinds in investments some Beyond we margin
to quarter. manufacturing as net in is demand is new U.K., on but due significantly, dilutive systems into recovery in predominantly build anti-dumping reduced have segment fourth the material in costs sell in positive in further quarter, the certain new this we architectural will interior expected market implemented to margin an recently a sales, tariffs in housing the weak expected response U.S. fourth In likely increase to a the channel. China the most that is to channel new expect on productivity exterior the margin business to heavily wood First, yield components higher doors petition principally we indexed impact And door be earlier perhaps the from versus filed year. in meaningful remodeling the
in While, inclusive working we fourth this quarter, term mid-single at pleased back With adjusted specifically, XXXX tariffs by basis far with we least quarter performance full material compared that anticipate these that mitigate digits. possible are will remarks. are is outlook very inflation it we're as the that to the Despite that, margin at to XXX expected increase fourth anticipate EBITDA sourcing Howard the expand strategies where in on for gross margins of to headwinds longer for to turn year in financial our and overall I'll consolidated thus our XXXX. we least points closing to
