Steady Net Sales Despite Market Challenges
Net sales remained steady at $1.56 billion with only a 4% decline in units and 1% decline in price, showing resilience in a challenging market environment.
Successful M&A and Share Repurchase Activities
Completed three bolt-on acquisitions and repurchased nearly 6% of total outstanding shares, reflecting strategic use of capital to enhance growth and shareholder value.
Expansion and Innovation in Retail Segment
Introduction of new products like ProWood's TrueFrame and Surestone with expansion efforts in Selma and Buffalo, aiming to double market share over the next 5 years.
Strong Financial Position
Operating cash flow of $399 million and over $1 billion in cash position, allowing flexibility to pursue strategic objectives and return capital to shareholders.
Growth in Factory Built and Concrete Forming Businesses
Significant volume growth in Factory Built, commercial, and concrete forming markets, despite challenges in Site Built business.