Solid fundamentals with minor concerns to monitor
Gross margins improved significantly due to higher selling price spreads over raw material costs and lower manufacturing costs, despite increased raw material costs.. Revenue increased driven by higher average selling prices and increased shipments, benefiting from strong demand in infrastructure and commercial construction markets.. No material off-balance sheet exposures identified in the provided sections. The company states that it does not expect the ultimate outcome or cost to resolve its ongoing legal and other proceedings to have a material adverse effect on its financial position, results of operations or cash flows.. Net sales increased 23.3% driven by higher selling prices and shipments.