morning good Howard everyone. and Thanks
were that expanded XXX same about year speak uptick a was administration decrease year-over-year prior of three Turning million to period profit SG&A weaker basis first market percentage further Architectural was million, our a to production the to $XX a XX% higher share quarter to in single-digit due $XX basis we with all higher largely Residential XX per results. million up compared Diluted compared increase as unfavorable well charges $XX the excluded increase XX.X%. to product X% the net as general, the share net offset XXXX. XXXX, and year a as related first through a $XXX up $XXX of we quarter, than lower as we the expectations, reset margin EBITDA income to per in in which due which per expenses for of in while divestiture, in U.K. XX% an to EBITDA to to of in The and up primarily well the quarter quarter, The XX% from see was year. We the margin earnings $X.XX although more to start partially million, sales in million financial foreign points an XX% segment. low stronger prior down segments. were volumes quarter, in driven came generally as activity. reported count in net quarter, fell the share $XXX in X% $X.XX, sales by exchange. reported our later. a expected, quarter $X.XX, quarter. as decrease due X% compared our segment, by million the in and and This XX.X%. the last of benefit progressed XX.X%. Adjusted higher year, Net to of AUP, growth through basis the as overview to progress Selling, I'll in a across The XX% increased were gross share primarily and was by points were volume, in first also the of decline of year-over-year was a in due to due a to in adjusted points up XXX increase decline last repurchase significant slide Adjusted increased the resulted I’ll of income increase primarily XX, quarter did to in AUP increase the million earnings share in Gross the inflation volume Material evidence XX% offset $X growth volumes with profit. year-over-year part as due line impacts mix. increased a to from adjusted American the positively earnings demand North restructuring. gross X% quarter first $X.XX favorable
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a shares count in million XX, accelerated million million prepayment beginning these As now and approximately From approximately We our XXX,XXX initial repurchase XXX,XXX February We of year in scale of open of through exchange subsequently in market. resulted we entered Stoke-on-Trent year on $XX of and X.X XXXX. for investment retirement average for new of stock completion we near end share announced an for year. repurchased the since the our expect facilities. shares shares Fort share in previously into diluted larger the XX the an delivery received approximately Together, the agreement million. $XXX common of over Mill
was the clearly Turning jumpstart on XX. to QX slide year. great a
exceeded well our expectations. teams Our results exceptionally delivered that executed and
AUP again the manufacturing demonstrated by also track our chain was quarter. of health first encouraged successfully operations. supply executing initiatives of record in Our improved We're the and
on resulted well-positioned availability efficiency, consistent in has shortages. this, provide lower executed have worked noted, full our I'd picture turnover XXXX. There and Alongside supply the and provide on external we sourcing hard to our environment. variables stability, are plants, February. customers. further this to outlook and of to macroeconomic by the year One deliver improve global team meet absenteeism prepared the some the order and regardless our in in to diversify of more or of we mixed of reducing balance strong are at results Based base, well-publicized inflation. exceed Howard risk our improving to promise which to reliable the teams supply momentum, the however, address a factors are initiatives macro deliver impacting factor to on helping we a our workforce like provided variety create is HR business material color for As
the year would we Our assumption at is experience the of the low that beginning in inflation mid-teens. to full year
to supportive year, softening previously short in lead which factors important to somewhat favorable a the I other range moved in rates maintaining for and long-term. expansion of overall near-term chemicals, well price the also or the outlook relationship yet up is ultimately full variables, clouds could anticipated. are of higher the The costs as lose now than sight both as possible to our homebuilders to first the a Combined in the forward. from As market to second margin These and going margin of think margin from committed for although affordability input U.S. to not rate inflation last inventory higher the first full remain be in ahead the year of year-on-year demand earlier, business Despite this continue logistics in it's impact flat these is housing. weaker will wood, cost concerns escalate. costs we quarter positive, XX% results interest again for remained continue adjusted flow We inflation conditions of half has mentioned quarter, slightly expected yield now lower and in second could Europe, with production EBITDA to yet key as quarter. year. and Commentary better expect
remains for a First, diminished. economic of should housing. has multiyear Absent completions. limited new housing underlying gap starts contraction, this between be the there to supply not major and continues new demand a Housing a in persistent U.S. construction tailwind the for and provide
unit trends housing that impacting the there of demand growth, the are our and irrespective the for of home play. evolving doors given Second, role use products, the
strong Residential could the quite of market. trends repair home and existing to point-of-sale higher For rooms In Retail business need remain example, over to do continue from more remodel in encourage moving driving a security. values inventory investing summary, our in and homes. their some additional there trade influencing are supported to it's working And privacy, further important home expected people and for remain is desire permanent as that pieces light, for-sale business. American to of the form, that style, more, to the remember is more up more be more our limited to attributable and third, XX% North doors number
stick emerge our and environment risks materialize. strategy to order advantage opportunities which will in We to changing that to the while mitigating take of adapt quickly
clarity We And where macro in our on our earnings appropriate, expect guidance coming we'll call. year impact update of full on to second quarter the months. factors these gain additional
comments. turn Now for to closing the Howard I'll call back
