Thank you, David.
feel than we As demand seeing long we destruction to term confident believe positive of are we in I opening continue end in mentioned of the markets. trajectory rather our remarks, demand, and my a
is reopen, this While will pace and taking scale from at the far to which some economies happen cautiously begin clear. steps
the our month perspective, most the half in granularity a improvement Whether from providing to XXXX until will with of We gradual seen, remains not gains the might additional environment momentum current helpful they how the believe and the quarter believe April challenging emerge be some quarter be be or from to on as to we of may second progresses. end markets XXXX our recovery investors. second begin comparison
pause in seen American first stores. Americas very were with being underlying North all our group demand. Let robust end pandemic, except with dramatic Again, sales with quarter significantly a same-store brought impacted. on We've the the me markets trends by DIY X.X%, reflecting strong near-term begin
distancing In delaying their related are social painting in work and contractors residential having home. repaint, concerns customers to interior
measures. customers implement demand as pandemic We to and expect gradually this subside, contractors appropriate return and protective the
gain near-term, texture which help interior work some expect to of offset repaint We will the momentum softness. to
In homes work return stay-at-home begin new double strong from the year residential, these orders, to resume. starts digits were on should as workers
positive homebuilding have cancellations though supply should order homes is of as Our improve soften mortgage eventually customers long term, rates near-term. rates have limited. in the increased and Activity remain national low are
a reminder, the day to As XX about to phase. painting lag XXX a construction time there's from begins the
mid-single deemed be strong sales the in digit. be completed. increased job challenges. We it will second to pace a continuing due to at Construction and albeit largely labor In and restrictions new in been in delayed most and site our as commercial, up quarter. were slower start is customers progress locations Work were many has first of our reporting backlogs jobs essential quarter
to they will So economy reopen broadly. the begins up optimistic to we're more that back pick
terms though reopens. related In property near-term. to renter slowly. the return quickly maintenance, apartment once to Management companies economy have begin more expect favorable remain and positive overall hotels movements and is Maintenance likely slowed renters demographics restaurants are dramatically
due have Some hold local been projects in CapEx mandate. put on to areas some
Our are a improvement work projects on home and painting. consumers DIY stay-at-home such affordable business nesting is strong as using to time
solid are DIY We more in digit as orders quarter rates normal to before low-single our remain the business expect second lifted. returning stay-at-home
to delayed oil continue sharply and oil In and sales and to has will quarter. weaker companies to as help pharmaceutical, oil last and approximately in suspended are our over which impact or such end gas, the our planned, tied will and flooring, capital as gas. markets expenditure protective results. wastewater have water projects, fallen marine marine remain sales treatment, our XX% of Major softness which are other rail which and from gas Conversely, offset and the
past short-term remain the cited we're term demographic trends. disruptions drivers we've headwind, household long including While in and seeing intact, formations and the
term business. this new while opening reps, stores continuing invest new sales drivers, to management innovative intend focus trainees, year, in and long productivity these services. we approximately enhancing our continue We on products to XX to Given anticipate
stay-at-home an to encouraged homes in perform increased North strong partners for demand. we this to improvement retail America customers well brands of of group. channel. on be to update Sales multiple Moving mandates growth in are home channel continue other process by and as DIY consumer continues with and demand
businesses, through Looking under quarter. be the pressures at our considerable sales second international expect our to we
begin to businesses for as these to slowly of activity open. more the economies is to world return third in the quarter normal the expectation Our
coatings and recovering America geographic let performance to North strongest performance forward. trends performer comment coatings demand remains be it in From pandemic. demand. Lastly, more me group. to would anticipate region the architectural the Overall, our slowly expect largest going we We than true was on perspective, a industrial prior
a some anticipated. in to We slower pace than at have started see China recovery
trends, sustainability for continued demand BPA demand by In robust. and and expect coatings. beverage and strong in business Valpure non- anticipate packaging, food cans our continued pressure We VXX Latin remains wins Europe additional America. and We driven
In this of the construction coil business, pause our seeing slower progress we're temporary from and continued will eventually pace resume business new coupled performers. we a expect capture coatings, commercial in Jobs projects. remain best to one of with and
including industrial, finishing. general various and transportation, we're general weakness In substantial in heavy end agriculture, equipment, seeing demand markets,
will expect XXXX. rest we'll be see We pressure this recovery slow the continued of throughout and
softness the business the cabinetry forecast to home refinish, In has has across improvement country. benefit the industrial instituted mandates and markets impacted of the flooring difficult state many wood, kitchen various continued. automotive been across that by could furniture, same In you including new though end timing drivers influencing housing of have various the been It business. is
recovery decrease to of in their decrease to stay-at-home on this The orders people collisions. business in lifted, The begin will and driven miles a are normal pace in to return quickly routine. depend led how has
that me trajectory. near-term we term while we are most serve, markets long across Let confident seeing we're a in pressure reiterate
call allocation. to and XXXX Now, about more to the Allen capital to revised approach guidance, over our our and I'll Officer our liquidity Financial turn our cash talk Chief Mistysyn, specifically position, Al?
