Gross margin compression in 2025 was primarily due to shift towards the remodeling business, which inherently carries higher labor and travel costs, market driven wage pressure, and shifts in workforce alignment.

Mar 31, 2026 / CFO / receipt, needs a key / Steven Hennen, CFO | earnings call 2026-03-31 | transcript 4924c439-cb18-462c-b70b-5c099e453c89 | chars 6987-7199 | segment 7