Q1 FY2026 saw a 12.2% revenue decline and a 50.7% drop in net income amid challenging market conditions and elevated costs, yet the company achieved a 10.5% adjusted EBITDA margin.
Revenue fell 12.2% YoY to $403.0 million due to continued softness in new construction and remodel markets.
Net income dropped to $14.6 million, impacted by lower volume, tariffs, and ERP/merger-related costs.
Adjusted EPS declined to $1.01 from $2.14 in the prior-year quarter.
Company maintained profitability with $24.9 million in free cash flow and disciplined cost management.
Due to the proposed merger with MasterBrand, Inc., the company did not provide forward financial guidance for FY2026.
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