Revenue Growth
Net sales increased by 3% to $660 million in the first quarter compared to the same period last year, driven by a 10% growth from the Supreme acquisition and a 2% growth from net ASP increases in the legacy business.
Builder Direct Sales Increase
Despite year-over-year declines in the new construction market, builder direct sales increased by over 4% compared to the prior year.
Strategic Initiatives Progress
The company's strategic initiatives, such as Align to Grow, Lead Through Lean, and Tech Enabled, are progressing well, with 97% of frontline supervisors completing the True Leader program.
New Facility Consolidations
Facility consolidations in North Carolina and Nevada are underway, expected to reduce costs and improve service, with financial benefits anticipated in the third quarter.