John Lovallo

“That's pretty similar to what your competitor said last week, although I've noted that our channel checks with big builders and other companies across the complex had suggested at least some early signs of stabilization.”

“First question is just on the gross margin bridge from the third quarter of 15.8 to the fourth quarter of 15.5 to 16, given, you know, what at the midpoint is about an 8% quarter over quarter increase in delivery.”

“The first one is, you know, your outlook implies a 30 percent plus quarter over quarter increase in deliveries at the midpoint. And that's going to drive about a 40 basis point increase in gross margin sequentially.”

“You know, it seems like you're targeting a four- to 12-week backlog range. You're currently around the midpoint there. I mean, what is sort of the optimal backlog level for balancing, you know, revenue visibility, customer service, and operational efficiency?”

“You know, relative to, I guess, the long-term targets, roofing EBITDA margins have been strong. Doors have shown some nice progress. Insulation margins, though, have been under some pressure.”