Total Revenue

+5.7% ( " " " )

Total revenue increased by approximately 5.7% YoY, driven by strong performance in key segments—North America (+6.4%), wood construction (+5.6%), concrete construction (+9.3%), and significant growth in Asia/Pacific (+22%)—reflecting both organic growth and the compounding effects of previous period trends. " " "

Wood Construction Products

+5.6% ( " " " )

Wood Construction Products revenue rose by about 5.6% YoY from $507.1 million to $535.6 million, likely reflecting recovery and normalization after earlier period discount adjustments and improved demand in core markets. " " "

Concrete Construction Products

+9.3% ( " " " )

Concrete Construction Products revenue increased by approximately 9.3% YoY from $86.4 million to $94.4 million, suggesting robust project-based sales and improved volume performance across regions compared to the previous period. " " "

Other Products

-67.6% ( " " " )

Other Products revenue dropped dramatically by about 67.6% YoY from $3.4 million to $1.1 million, which could indicate a strategic repositioning or a deliberate reduction in focus on low-margin products relative to the prior period. " " "

North America Revenue

+6.4% ( " " " )

North America revenue increased by roughly 6.4% YoY, from $463.0 million to $492.7 million, due to incremental sales improvements, the positive impact of acquisition synergies from the previous period, and favorable adjustments in discount timing. " " "

Europe Revenue

+2.7% ( " " " )

Europe's revenue experienced a modest increase of 2.7% YoY from $129.9 million to $133.4 million, indicating stabilization in a challenging market environment influenced by ongoing currency effects and prior period cost pressures. " " "

Asia/Pacific Revenue

+22% ( " " " )

Asia/Pacific revenue grew by approximately 22% YoY, from $4.1 million to $5.0 million, reflecting rapid growth from a lower base and enhanced market penetration that builds on incremental improvements observed in the prior period. " " "

Operating Margin

FY 2025

18.5% to 25% "

18.5% to 20.5% "

lowered

Gross Margin

FY 2025

Anticipated to be slightly lower due to cost pressures "

Slightly lower overall gross margin anticipated due to tariffs "

no change

Interest Expense

FY 2025

$0.4 million "

$2,000,000 "

raised

Effective Tax Rate

FY 2025

25.5% to 26.5% "

25.5% to 26.5% "

no change

Capital Expenditures

FY 2025

$150M to $170M, incl. $75M for expansion "

$140M to $160M, incl. $70M to $75M for expansion "

lowered

Benefit from Property Sale

FY 2025

$10M to $12M "

no current guidance

no current guidance

U.S. Housing Starts

FY 2025

no prior guidance

Down in the low single-digit range from 2024 levels "

no prior guidance

Pricing Strategy

In Q1 2025, the company implemented targeted 8% price increases to offset rising costs and tariffs. " " In Q4 2024, there was mention of no price increases since 2022 and even a price decrease. " In Q3 2024, there was an emphasis on value‐based pricing and differentiating through customer service. "

In Q2 2025, detailed price increases in North America were described, with an 8% weighted increase implemented amid new tariff pressures and modest short‐term impact noted. " " " " "

Consistent focus on pricing adjustments with increased emphasis on mitigating rising tariff costs in Q2 2025.

Margin Management

Q1 2025 highlighted operating margin expansion to 19% and a focus on maintaining gross margins despite cost pressures. " " Q4 2024 discussed commitments to an operating margin of at least 20%. " " Q3 2024 noted margin compression due to higher overhead and cost increases. " "

Q2 2025 shows gross margins at 46.7% and an operating margin around 22.2%, supported by disciplined cost management and productivity initiatives. " " "

Efforts to maintain margins continue steadily amid evolving cost and tariff challenges.

Tariff Impact

Q1 2025 mentioned tariffs leading to an 8% price increase and sourcing adjustments. " " " Q4 2024 emphasized U.S. sourcing and potential pricing adjustments if tariffs persist. " Q3 2024 did not address tariffs.

Q2 2025 features new tariffs on steel and related metals—including a 25% tariff on imports affecting fasteners—and notes that further pricing actions are being considered. " "

Increased significance in Q2 2025 with heightened mitigation actions compared to earlier periods.

Capital Allocation

Q1 2025 detailed investments of $50.5M in capital expenditures, dividend payments, and active share repurchases. " Q4 2024 covered large CapEx investments, acquisition spending, and repurchases. " Q3 2024 focused on facility investments and repurchase availability. " "

Q2 2025 reported capital expenditures of approximately $39.9M, the completion of facility expansions (Columbus and Gallatin), and ongoing share repurchases under a $100M authorization. " " "

A consistent strategic investment and shareholder returns focus is maintained with steady capital allocation.

Digital Transformation

Q1 2025 emphasized progress in digital solutions and operational alignment. " Q4 2024 described investments in digital tools (Salesforce CRM, warehouse automation). " " " Q3 2024 noted increased digital services and the acquisition of Monet DeSauw to expand equipment and software offerings. " "

Q2 2025 highlighted an expanded digital solutions portfolio with enhanced software improvements for engineering and supply chain efficiency, reinforcing customer-centric offerings. " "

Sustained emphasis on enhancing digital capabilities with continuous portfolio upgrades.

Market Dynamics

Q1 2025 discussed housing starts forecasts, seasonal demand, and a consistent strategy to achieve above-market growth. " " Q4 2024 noted a challenging U.S. housing market with outperformance relative to starts. " Q3 2024 provided detailed segmentation by market and forecasted modest growth. " " "

Q2 2025 pointed to a challenging residential housing market in both U.S. and Europe with a focus on affordability and customer conversion, acknowledging softer conditions in the latter half of the year. " " " "

Persistent market challenges remain with a cautious outlook while emphasizing customer-driven, above-market growth strategies.

Input Cost Pressures

Q1 2025 cited rising goods, labor, energy, and tariff-related cost increases that led to targeted price adjustments. " " " Q4 2024 detailed inflationary pressures and automation efforts to improve efficiency. " " Q3 2024 provided a breakdown of cost drivers impacting margins (labor, overhead, transportation). " "

Q2 2025 discussed rising input costs being addressed through targeted price increases, inventory management hedging against steel price fluctuations, and plans for domestic production expansion to lower tariff exposure. " " " "

Ongoing cost challenges are mitigated by proactive pricing and operational efficiencies, with a notable shift to domestic production.

Regional and External Disruptions

Q1 2025 focused on tariffs, an uncertain macroeconomic environment, and seasonality effects. " " " Q4 2024 mentioned regional events such as California wildfires and rising labor costs. " " Q3 2024 covered external disruptions including hurricanes and a customer bankruptcy. " " "

Q2 2025 identified disruptions including new tariff policies, challenging housing market conditions, foreign currency effects, and increased inventory management issues. " " " " "

External disruptions remain a consistent theme with evolving challenges—especially tariff and market uncertainties becoming more pronounced in Q2 2025.

Non-Recurring Financial Items

Q1 2025 discussed anticipated gains from the Gallatin property sale (projected $10–12M) and timing adjustments for volume discounts. " " " Q4 2024 mentioned a similar expected gain along with restructuring and severance charges. " " Q3 2024 cited non-recurring costs related to European synergies and the effects of hurricanes. " " "

Q2 2025 reported a projected benefit of $12–13M from the sale of the original Gallatin property as a one-time financial item within margin guidance. "

Non-recurring items continue to influence operating margins consistently, with similar themes and slight variability in projected gains.