you, our and to Thank second quarter morning, Welcome good investor call. Nicole, everyone. XXXX
is growth accounting X% key increase. the increase. lumber accounting I'm sales the of prices operations Once increased million record greater $X.XX was, of at in you this be had and a market good, net than before sales played am sales topped overcame quarter with than privileged cost know, the and proud that announce for to post the $XX a quarterly and to record to the growth it both sales second than unit for and year I before, again, UFP fact, results. quarterly more The and great happy UFP. year-to-date. They people greater of in the billion role challenge lumber We've be our of in companies the these As quarter the team part off $X.X share. a with family of per unpredictable of record earnings market lumber of very and or to And XX% was
very bottom to we much results decline, and at lumber one market of what the the Memorial Day both weekend, X,XXX-board normal, market this week, and steep rather and per last Southern lumber was market mid-June June the Yellow were feet. a top $XX consider good. market the From $XXX For be Southern still Pine dropped Shortly May, The line least climbing, before year's started April impacted. has after significantly holiday over higher and per Pine were and higher. Yellow roughly is level, X,XXX than until results
of find level forward, Moving a to more the the function year. the lower balance and to we expect at typical on market continue the for equilibrium basis
XXX% we Our of inventory quarter. they sales are ago, be a at through XXX% versus and next will year levels declining expect the that
to trucks contributing quarter. price during higher hauls. issues, together costs for fuel quarter felt transportation the the caused of squeeze lumber expected, the flatbeds the and for generally gross higher for due XXXX and prices shortage spikes the market, to variable delivery with reduced reliability had Rail levels. versus a the were Other level XX.X% a above Gross As XX.X% on margin year ago. margins higher which we of $XXX products and is factors priced margins over-the-road were carriers the
we the expect tariffs. about price on to we situation costs the coming months. the transportation current abate, objectives our one and these When recoup While is higher spikes inventories to in cost, address like of talking to would
biggest our of wood those a a have products, Canadian and for nearly comprise have been our purchases, For tariff, in the the which duties year. place vast majority
not who to increasing. such will total of copper we a them do appealing be is tariffs, Other lower certainly purchase duties make to items, aluminum, see our steel, from purchases. large we Canada subject and similar don't which as materials some the up While portion them, of countries
most pass we will believe some domestic price able on of these convert or prices nontariff or impact components, higher albeit these of products, levels. will along at tariffs costs While to we to be
effect too have mindful in may general, increasing of tariffs, prices are high that overall and We also the economy. slowing the
We haven't that indication. yet seen
the for portion increase of more sequential detail the incurred than of a On onetime Mike $X significant later million this with expense call. a quarter, that which we expenses, on SG&A side, will being
We enhanced use marketing have and and increased developing, methodologies, of products. and services, products production selling automation recycled spending experimenting and design, for our the more more testing and engineering new creating capabilities including with
better is were normalized value cost, that, of While XX%, both more well mix, these customers spends post which unit EBITDA The we and give to these sales of above good our spite of were us SG&A news to in a our X%. value-add growth growth able costs, more product they higher growth and XX% of a bring to our brands. earnings of
product quarter, sales were million New for from year up million a $XXX the $XXX ago.
we were QX, jumped after in we While our target behind QX. our have year-to-date ahead of target
million Our $XXX.X now in year-to-date XXXX. new sales $XXX.X product million versus are
is and robust retail fuel continues market market the repair still the our and growth. overview, For to sales remodel
retail Our was entirely served. of line construction we to growth. and very our expectation organic the attributable growth market was in markets sales The was unit X% with strong in
growth had also commercial our products in construction the timber installed in and forming in cross-laminated construction Northeast. good growth and We was first concrete our products Unit XX%.
for which, of us. was X% strength appear to creates too, growth which more X%, be Unit acquisition-related. was in industrial customers industrial opportunities Our again, gaining
of American acquisition Container completed recently Corp. was exciting. Our North
meaningful mixed While teams utilizing look on design our to it engineering sense. other excellent our quarter locations and we they forward use the it did not expanding their have to earnings, where and materials second impact a makes
up new processes and UFP-Edge serve. and automate are products over last We the year. In share other they markets efficiencies XX% products also gain the to look categories, manufacturing more garner in to their improve
and sales materials parts. our By capabilities, office commercial, almost are see the and up we and applications. decor markets in strong we Our furniture Deckorators decking laminating residential manufacture-grade grow these to with Vault business continue import our different together interior combining for opportunities and XX%, hardwood
we're products as organically sourcing to well international committed grow. On of our new sales of operations U.S.-produced products to existing acquisition. as sale our to still and for and elsewhere. efforts other plans countries and growth both course, the front, continue via in overseas U.S. And, expanding the We're
growth organic our in capabilities. continue operations are to industrial our the automation and side, invest packaging in On expanding we more
stages new end final also We location, to South the are the for which XXXX. Florida planning at of our in we plan open
customers at in grow adding newer and market well our are capabilities We that business to have economically region. as acquired in in serve Northern as the Northeast expansion through a Southeast sites to existing existing that more facility in and Nevada
that reasonable can meeting in about capital. have our active have and on acquisition market We our acquisitions earn focus that exceeds aren't of return with investment all and growth arena a are targets. the some maintained on Even cost very we our where the we opportunities, operations excitement
facility results manufacturing sourcing to their synergies be levels. have order able Other and profits In are strong on research been to year-end. believe worldwide family a have are have records in their to They functionality significantly general been performance spending getting spend been They back in product their of can to testing, SG&A for target some these office rationalization and and for excuse include sales expectations and and and their of the we getting idX in operations line currently our short development able improvement development, costs spite reduction jobs areas as by idX. our utilize companies still operations, quarter their the on sales. the back half strong in a of have design and captured nongrowth pushed of and our meet they our year. performance our initiatives. -- committed reach and bottom and trading as ahead-of-trend QX, that e-commerce companies While percentage and of other targets, others we unit falling exceed a Nongrowth file target are capabilities have product to are positioned SG&A increase interim, automation. me, we their working of will improved. behind break By our other but strategic on remain or budget all general Among excludes to is of we
more We have models work. our efficient non-value-added cost our new or giving implemented services to unnecessary internal make flexibility corporate more customers to while eliminate
market spends, are costs we other such controllable benefit still are costs. subject focused as health and conditions, rising on rapidly to While very we
looking provide better to better incentives be ways the costs. providing control our while benefits will their to We to in give employees overall choice
As today. results to we you great desire is are can see, an and the expectation, than be tomorrow so better are
Mike Now, to birthday Cole, to this call the our details boy, provide other financial to performance. on I'd like turn over
