Residential Segment Growth
Achieved 9% year-over-year growth in the residential segment, driven by mid-single-digit residential sell-through growth and new product launches.
Deck, Rail & Accessories Sales Increase
Deck, Rail & Accessories net sales grew 11% year-over-year, with each product line experiencing high single-digit to double-digit growth.
Adjusted EBITDA Margin Expansion
Expanded adjusted EBITDA margin by 40 basis points year-over-year to 27.5%, with a strong residential segment adjusted EBITDA growth of 11%.
Positive Outlook for New Products
Launched new products such as TimberTech Harvest+ decking and TimberTech Reliance Rail, receiving positive feedback and expanding shelf presence.
Merger with James Hardie
Proposed merger with James Hardie aims to unlock $125 million in cost synergies and $500 million in incremental sales synergies.
Recognition for Sustainability
Named to Barron's 100 Most Sustainable U.S. Companies list for the first time.