Dave Manthey

if you could just update us on the ERP, how far are you? And what does the time line look like from here?

I'm wondering if you're expecting to see any relief in the size and complexity of homes as rates are more or less stable here.

are there any other sort of catch-up items or things that were deferred previously that might come back into play?

how much of this is just typical builder conservatism on your part? And how much of it is sort of maybe we are anticipating a little bit of acceleration

Could you just talk about the moving parts that will flex that up and down into 2026, even on a flat start scenario?

if we go from the 2025 midpoint to the normalized midpoint, it looks like a contribution margin of a little over 20%.

Could you discuss the revenue and margin bridge as you think about from the core you just reported into that third quarter guidance that you gave?

could you discuss the impact on BFS if short rates come down by, say, 50 basis points as we exit the year and into 2026?

the EBITDA range top to bottom was about a hundred basis points, and today's range is 150 on what appear to be smaller absolute numbers

Should we expect a similar ramp if the backdrop continues to gain strength for you this time, or is there something different this time around?

does that imply sequential gains of this sort of 20 basis points or less sequentially quarter to quarter from here, or should we expect that to accelerate?

double-digit net sales growth in 2026. It looks an awful lot like guidance. I'm just wondering, are you guys feeling okay up there?

the rebate timing factors, could you talk about what exactly that is? What would be the impact, do you think, on the fourth quarter?

is there a change in how you're thinking about peak pricing ultimately?

I'm hoping to better understand contribution margins with the 10,000-plus per month customers over time

you say you expect that to pay off in the back half. Does that imply that you're expecting a higher mix of fasteners?

are your customer contracts set to absorb the timing and magnitude of that kind of increase?

how those pass through your contracts and how you're planning on making those happen, assuming that comes down the pipe here

is 96% of the customer sites generating 22% of sales, is that an opportunity or is that just the way it is?

Could you just tell us in simple terms what was price contribution by each segment and overall?

I was just wondering if you could give us an update on your view there.

I wonder if you could give us an update on digital channels. A few years ago, you told us KeepStock was 16%, Website 30%

could you just talk about what drives your cautiousness for the year overall

should we assume that those are in Endless Assortment? I think you said your next opportunity to adjust contract pricing on High-Touch customers would be Jan 1

So Cromwell is held for sale as of September 30, so I assume you're taking any assumption out for that

Could we think about the progression from there? So I know operating income usually takes a step down seasonally in the fourth quarter

if you are on average cost for accounting here in book. Would your second out -- the second half outlook has changed at all

If we have this situation where volume and tariff-driven pricing net each other out, is it possible you could do that at a slightly lower rate

Is the improvement that you're seeing there just based on stronger-than-expected sales this quarter, or are you starting to find an equilibrium

At what rate would you expect unexpected incremental volume revenue dollars, so not tariffs or anything like that, but revenue dollars that were unexpected to flow through to EBIT

chemicals staged quite a turnaround here. Florida, I guess it had been growing a little bit. Now it's down 1% and California and Texas are booming. I'm just wondering if you can talk about those to...

does that still kind of anticipate that full year OpEx will be in that 60% to 80% range relative to gross margin or sales dollar growth

what are some factors that you think about where that could come in above or below flat with 2025

is this a sliding scale? Is it binary? How should we think about how that layers in or doesn't layer in given various ranges of revenues?

could you talk about inflation, deflation broken down by chemicals, building materials, equipment

do we see that kind of normal 60% to 80% growth rate in SG&A leverage? Or is it slightly higher than that in year 1

are you referring to a cut in the Fed funds rate somehow impacting mortgage rates in the housing market in general

How are you thinking about the weather in 2024 as a comp for 2025 overall

what is the green business look like? Are you just looking to get deeper in the Sun Belt

we should assume these are what, turnarounds, remediation, hazardous C&D. How should we think about what types of work that is?

transportation and subcontractor costs. They basically flatlined over the past 3 years

is it still chemicals, metals and general manufacturing making up, I don't know, 40%, 45% of the total

are you saying that the decline should start lessening here? Or are you talking about absolute revenue sort of flattening sequentially

environmental services event opportunities you're seeing in chemicals, metals, manufacturing, refining

there was a 50 basis point insurance recovery, and then there was also a bad debt item. I wasn't clear on whether that was a positive or a negative

is there anything relative tariffs that could impact OCC or other materials in your commodity basket

what's the 2024 pro forma EBITDA you're assuming for that the Health Solutions business based on the WM definition of EBITDA