everyone. our of the talk morning, our our far will Thank second with progress provide on so quarter and Today, first about initiatives results update and you, about balance and then an in the. fiscal strategic you good briefly quarter activity I on Sarah thoughts
by well when for of expecting our reduction the well Let me quarter a results report results May. originally fiscal people was customers. executed care Despite team saying to pleased begin our revenue, in I and XX.X% than last first to better reported we take in am I our adapted that and
As margins times. operating and we a preserved result, cash flows unprecedented these
of all, temporarily one call, we at many plants facilities idled Day. As but in earnings late and on we our operations mentioned March resumed by last our Memorial
increased. half geographies and improved as our even the lagged As demand we volumes some order moved of the back quarter, first through our of
to in XX% quarter since the June. and of production last We have we're of beginning levels levels seen the steady 's in first approximately back increase
over levels rates to increases of last, due have order pent-up due have July by ordered across strong housing seen strong housing, prior by and destocking well to the comps During the manufactured shutdowns XX%. of spring affordable the for most markets insurance. Recently month early as our we season, over as exceeding strong continued, caused demand lower inventory in government demand selling order
by grew end of quarter the first million million backlog XXXX. Our during from $XX at $XXX million the March $XXX
of There of factors to the basis and notably due two our strong $XX contributing same prior. increase the a comparison, lower million backlog production period are in the to during labor As backlog, grew demand constraints. levels
Under First, on responding to phenomenal doing fully to activities is requests our inquiries we production demand. would quoting side, team and channels. sales job, the normal demand ramp-up product from our a conditions, increased meet customer
level. the have activity many side experienced unemployment effects Act. operations by assistance expected the labor moderated like We have CARES factoring we the from However, supplemental federal provided
expect natural we we been our demand employee labor has force to expire, increased occurs, headcount Act more to replace housing. supplemental an to and facilities, accommodate to uptick in CARES unemployment to for attrition see seek as qualified candidates benefits our challenging. and recruitment the the add Once expect and As increase
of take. of we prepared support any However, to the government that manage forms the round next may various are
for sanitation CDC of protocols and side, manage our COVID-XX. in operation to our to at monitor, adhering the continue safety and spread On execute the social we measures facilities and reduce guidelines to our enhanced other distancing
efficiency not our incorporating and environment to have these in we maintain significantly safe teams adapt are production activities. their acclimated as these manufacturing day-to-day employees. processes that a our adjustments our levels refine found to impacting continued have to for have or the We Encouragingly, protocols productivity
idled in of were plants reopened last. plants. the production Our We has compared XX% the production channels Sales been of the ratios similar reduced from levels. to orders the to June and the increased walk-in-traffic. their quarter. backlog plants the first to growing -- orders plants quarter on March of down volumes and first during continue June back our leads, saw more at see period the retailers have U.S. a is these levels Western sales outpaced online coming quarter increase end followed half as pattern in U.S. at fiscal are temporarily We about in Canadian closing XXXX XXXX steady as same a which
was homes still Show to challenges The to financing to walk-in-traffic pre-COVID and Those is with IBS While to long-term the our dealers, to team this and levels objectives. to continues below continue levels at of build. restrictions launched look are progress able is by U.S. earlier and due coming inventory throughout buy, presented lean. levels on of operating Genesis in various make talking brand the ready able for January, strong Even through the traction COVID, our are
with success now a developments working seen a with few towards developments. are we finalizing subdivision smaller have We subdivision mid-sized and deals
automation, continued With distancing and continue we to standardization, digital and a the to better in customers. social safety solutions challenges, partner invest to our us our make
about order optimistic growth cautiously broader environment. and overall backlog, housing in demand strong trends long-term to is rates strong we're support we While that in housing. single the family The encouraged growth very the experiencing industry due opportunities macro by remain
Our term, We be and optimism home programs continue in industry demand if to now not the is government but the the is near-term. the demand choppiness Act, in tempered surprised would U.S. robust the to set by primarily believe that shipments by in CARES longer new be there's considering. over challenges, the the presented expire short-term supply will
Given the difficult it business trend to months. will the to economy volumes the operating the is next normal volatility in in more few disruption conditions, how predict and
projections XX% on its and magnitude outpace could of we anticipate demand Offsite as as well housing city XXXX. areas length be as be manufactured migration to have secular government specifically for tailwinds construction and could be rural the the with environments very market bullish the crowded We the growth believe industry, penetration geographies. in or housing manufactured overall longer will industry, the However, programs. and volume depending down a for lever the from innovation recent We ability will rural production, to increase homes industry potential on attainable term of opportunities remain offsite meaningful, there in with need line being suburban housing better the suburban in housing. that a and homebuilding which
and work by in we companies home As plans desired changes floor homeowners. contemplate at and anticipate amenities types the arrangements, individuals potential long-term of
aren't who move, ready Laurie in discuss people projects, existing quarterly I turn extensive more additional a for or over now compelling for our call space proposition will undergo in Finally, to offer to the financials to blow backyard. units home to in detail. an remodeling value turning
