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Q3 FY2026 EarningsQ3 FY26 results beat consensus across the bottom line despite a challenging housing market. Diluted EPS reached $1.05, significantly exceeding the $0.90 expectation, driven by a lower effective tax rate and aggressive share repurchases. Revenue of $1.30B was in-line with consensus, while housing gross margin of 16.5% outperformed the 16.3% mean estimate. Despite a 20% YoY revenue decline, ending backlog value returned to growth (+3% YoY), and Q4 guidance remains consistent with previous ranges, suggesting a stabilized outlook.