Demand from the nonresidential market is expected to drive success
Over the next five years, the value of private nonresidential construction is projected to increase, while the value of residential construction is expected to fall. As sales wane from the residential market on account of higher inflation and falling consumer sentiment, demand from nonresidential customers is expected to drive sales as the economy heats back up.
COVIDIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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