Narrows FY24 adjusted EBITDA view to $930M-$970M from $930M-$990M. Sees FY24 gross amrgin in mid-25% range. Says Q3 net sales per day up high-single digits. Says July sales per day up low-single digits. Sees Q3 gross margin in high 25% range. Says higher interest rates continue to impact both new and existing home sales. Says commercial sentiment improving despite ABI reading remaining below 50. Comments and guidance taken from Q2 earnings slides.
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