John Lovallo

is this kind of better-than-expected spring part of the driver of the second half step-up that you're expecting? Along with just the easier comps?

how should we sort of think about the incremental margins for the business as volume kind of comes back here? I mean, should they be above the historical levels?

do you see this as an opportunity for them to really start pushing forward with some of the off-site construction techniques that could benefit your business?

the midpoint of the outlook implies 4Q sales of about $3.42 billion, adjusted EBITDA of about $341 million, which would imply a sequential quarter-over-quarter decremental of only about 18%.

Can you help us just kind of bridge that 11% in terms of organic sales, M&A, commodities?

the Canadian lumber tariffs, the antidumping and countervailing going from 14.5% to 27% as of a couple of days ago, set to go up to 34.5% on August 8

Curious how you kind of view the cadence of the remainder of those savings? And what sort of actions are you taking to drive those savings through the year?

if you're expecting gross margins, call it, 29% to 31%, and your competitors, some of the smaller ones have higher cost, new capacity, I have to imagine that they're running closer to breakeven.

in terms of the expected $500 million working capital swing in 2025, can you just help us think about the high end and the low end of the sales range

it seems to be a number of, I guess, unusual items. There's the fires, weather, I think there's one less selling day as well

how would you sort of characterize demand in March relative to normal seasonality

do you think we sort of found the floor on order ASP or close to it at this point

if we walk from the fourth quarter gross margin of 20%, excluding the inventory reserve or the warranty I'm sorry, the warranty reserve benefit. What are sort of the moving pieces there

Strong community count growth in the first quarter of about 12% year over year on average. How are you guys thinking about kind of the cadence of community count growth

how do we sort of think about incentives, land, labor, material costs? And is the warranty litigation costs expected to remain a 60 basis point headwind

it was good to see the share repurchase authorization or the assumption would raise from about $4 billion to $4.2 to $4.4. I mean, what sort of drove the decision

the fourth quarter gross margin outlook of 21% to 21.5% is similar to what you put out there for the third quarter, which you obviously beat by 30 basis points

stick and brick costs could be fairly flat. Land, maybe low single-digits and the big sort of delta or unknown being the incentives

what you're hearing from your suppliers in terms of potential incremental price increases

it looks like you guys beat by about 1,000 units versus the top end, still kind of maintain that 90,000 to 92,000 guide for the full year

Can you just help us with some of the moving pieces there. I mean, is that really the expectation of just higher incentive levels

The increased incentive spender costs, just for a little more clarity, is this you investing more lowering the cost for your customers

Just curious if you saw some worsening in that trend as the quarter progressed? And if so, are there particular markets where you are seeing more inventory come online

I'm curious how you sort of envision the upside in your ability to recapture margin as the market improves

How should we sort of think about community count growth versus absorption, and your performance versus the market?

Florida inventory levels are beginning to stabilize, maybe even improve a bit

What caused sort of the slight miss in the third quarter deliveries given those factors?

what margins and returns are you putting capital to work at today?

Maybe just to parse out the second quarter gross margin or the walk from the 18.7% to the 18%

is this really driven by the fact that the product that you're importing whether it's faucets or shower heads, are not entirely copper and that some of the subassembly is done in the U.S.

how are you guys kind of thinking about this now, particularly with the move in resins since the conflicts in the Middle East began

What are your expectations for Liberty Hardware margin embedded in the Plumbing outlook? And can you remind us why this business is still considered core

Just help sort of break out the impact of each of those two factors in that number

Just wanted to get a little bit more clarity, if I could, on the lower employee-related costs that are not expected to repeat in the back half

what are some of the cost savings initiatives being taken in both segments to help kind of lower the cost basis

would you expect any acquisitions to be pretty close to core, in other words, not adding an additional leg

how are you sort of thinking about the sustainability of this growth as we move through the back half of this year and into next year

I guess I wanted to focus on the higher marketing costs. I mean, can you quantify what that was in the quarter

It seems to imply that there's some more that needs to be worked through. Can you just help us kind of quantify the impact that is expected in the second quarter

The first one is just on the maintained fiscal year 2016 margin targets despite the sale of Kichler

if there are tariffs on Mexico, there is the walk-ins facility there. Is there anything you can do to resource any of that product elsewhere

if we do, in fact, get some kind of resolution here to the conflict in the Middle East, do you think we could still have a really good spring selling season

can you just help us with some of the moving pieces in the gross margin walk from roughly 24.4% in the first half to 24.5% to 25% for the full year

what is your view overall on just technology infusion into homebuilding, you know, as a longer-term solution to the, you know, the chronic undersupply

Can you just help us with some of the levers that you may have pulled? And what else can be done on the SG&A front?

on the land side that not only are builders able to get a little bit of a break on the development side, but actually able to go back and renegotiate price

our checks seem to indicate sort of some stabilization in demand, pricing and even inventory in these markets. Just curious for your comments

If the improvement that you saw in June kind of carried through into July. And we've also seen some recent improvement in consumer confidence

Maybe how they trended in the quarter? And then on the land side, we've heard some signs of perhaps a little bit of relief on the development side

can you also provide any color on the two half, or the second half tariff impact that you're expecting? The total dollars for home, which products

when we think about the first quarter absorption, I think historically, it's been like 40% positive sequentially into the first quarter

maybe just help us with the sequential walk from the fourth quarter into the first quarter and then through the remainder of the year for gross margin