Core Insights - The company achieved flat net sales and higher volumes in 2025 despite a 7% decline in single-family housing starts, focusing on profitable sales growth and market share gains [1] - A strategic emphasis on the multifamily channel resulted in a 19% volume growth, providing a critical hedge against challenges in single-family housing and affordability [1] - The company maintained specialty product gross margins at 18% through value-added services, insulating pricing from broader market deflation [1] Strategic Developments - The successful integration of the Distero Lumber Company acquisition advanced the dual goals of increasing the high-margin specialty product mix and expanding the company's footprint in the Western U.S. [1] - The company leveraged two-step distribution advantages during periods of customer destocking, as retailers and builders relied on it to fill orders more frequently in smaller quantities [1] - Phase one of a digital transformation was completed under budget, focusing on master data management and transportation systems to drive long-term operational excellence [1]