Binit, Thanks good afternoon, and everyone.
quarter, Before I on end fiscal provide year changed calendar want remind coincide the my we with comments everyone just the that to I end. to year our
reporting our in release our which As quarter calendar to earnings referred a is transition our period. are as materials other result, we today, fourth and
slide the highlight to EBITDA. XXXX, income, year report I'm on let's net milestone fashion. quarter we that double-digit records company. fourth calendar sales, margins achieved and we to for begin pleased that record the for EBITDA finished I significant for also The adjusted X. delivered Now the year a team in calendar want
base. trend those commercial issues, to which supply drivers quarter, weather, set of volumes. continues five the later-onset strong driven which comparison, expectations the net our in backlog. particularly residential show activity of an season, for to remain continuing evidenced chain And North The to an allowed despite strong. year-end roofing strong by improving extended demand fundamental as the digits we XX% we were strong exceeded had demand due We and in For sales XXXX simple shingle heavy investment in up year-over-year by growth against largely sales November high a
continue categories. also inflation most across rate product pressure experience We to
where when execution it. and the of continues on at have product branch while our staying to available cost great and curve focus ensuring need customers be we ahead the Our level,
XX.X%. a basis more result, in gross XX As by to the quarter than margins expanded year-over-year points
XX% calendar execute are increased but the headwinds. yielded fourth pricing adjusted EBITDA XX% cost Impressively, confident pressure to nearly that additional can by expect we the in we capture to margin. quarter, We continue, and to offset
on We on and M&As [Indiscernible]. recently, renewed markets. other successfully portfolio. our while in levers our closed our key continue flexibility growth acquisitions focus the We to provided to tuck-in add two financial And expanding capacity presence
November in call broad a offering premier hundred approximately ten products, distributor we Midway and expanded Nebraska. a we announce our and in acquired Xst, building of we the of markets with Kansas, roofing on prior Wholesale, As thirty across a Missouri, million of our materials sales earnings and complementary Midwest, locations annual and presence growing
relationships the look with we has annual quality, between Midway and on a suppliers. leveraging Siding Crabtree reliability Located combined and to and who's of built to acquired first, teams market Crabtree January positions. Supply, enhance sales to and approximately million. Nashville our forward Beacon We Knoxville, customers Additionally, reputation, welcome service, distributor Crabtree and and trusted further $X their
better the the category. business was diluted growth quarter, to services long-term we delivering our business, positioned our that our further on products determined we buyer also solar in customers. divested the solar resources to for roofing During announced focusing we margins Overall, was core high-caliber the that and our
The our to heard. council's conducted where significant and leaders laying be groups its in bounces culture and groundwork education also year diversity, provide cross-functional can time a with strategies. developing, DE&I first I'd and Putting underrepresented is that the representative voices workforce in critical foster equity initiatives take Now And In employee focus highlight which made roll on inclusion believe months, that cancel is and recent and we expertise and the like continue training that we a to work all value. employees. and advice we how equity to communities organization. who build of demonstrate to non-financial inclusion core people progress created aim retaining groups to of live. diversity, a we a attracting, we and Last the in all comprised and
lends students our across careers widened that hiring organization we a diverse to non-profit pathways addition, country. partnering with In by for the ethnically INROADS, creates
to has Our And throughout much meaningful we begun seen have DE&I efforts we've do. advanced but the progress impact. we our on with company, recognize more
since the pandemic. means putting assets who demonstrated first people that the believe tremendous employees of recognizing our of also beginning the We resilience have
As during only is standards, part able The safety sharing performance customers quarter forward through us and front month. the look efforts help of rewarded delivered improvements longer-term future the their this gives this strategic plan more. tireless the our XXXX, are our It our contributions we celebrated investment to XXXX. past to exceptional annual XX that plans. we months called We confidence line build our great we in all with community we our of have later ambition employees in that have
please Page Now, deck. of slide the to X turn
brief always, a As update on I'll four provide strategic initiatives. our
organization. to customer Our the on organic focus of the and enhancing experience initiative effectiveness continues our growth sales
invest sales training continue support, marketing to grow initiatives the our programs, our salespeople off. tools These that and paying value-added we Over in are past help year, business.
quarter in XX% For example, our private sales are versus up year. prior the label of nearly the
the name high-quality the track to of business our a accelerate opportunities -BUILT line price. trusted Our is recognized organically our products In I and XX% across choice. by team and sold continue is trusted commercial, investments focus of results. We also an professional delivered customers results to relationships sales of markets. our increased partner under TRI the significant available supplier experienced new with of These 'XX, grow generating these calendar will developing we customers, TRI an -BUILT on of building the accounts idea long-term in build with as end and residential, national term. becoming the label, record types a have contractors a customers, proven competitive focused largest at earn by on we near further provide to professional be examples to complementary year existing
this complete Our achieved remind with digital residential online be clear digital XX% more to this for channel that time users to fourth sales We calendar in the nearly nearly both offering line to the accretive. our of and our and our continue compared have we make platform do last business capability to year. of I'd revenue sales most it customers differentiator margin quarter, our in competitive We continues expand you, active digital provide is a of easier capabilities business XX% to us. for and Beacon.
MSAs. are OTC model and larger provides networks OTC key And which is four Our an strategy benefits. operating branches in
is service in customer our First improved levels OTCs.
have ' support product service of We from deliver and the best flexibility customers to branch greater the to the needs. combination of
to The resources of leveraging a lower cost branches. is serve second network and by logistics across a benefit
time We mileage, improve to efficiency and are labor reduce delivery and and emissions. able costs reduce fleet
ambition and million inventory benefit is continue maintaining for fourth, believe accelerate And levels. is to levels potential is critical cut $XXX to our we our $XX optimizing we third development. our that to while around The there investment by service million talent inventory
Beacon Our our for ability us OTC our talent, opportunities plans. the build unleash execute on to careers to creates people enhancing local for initiative at to and fulfilling
position our in hub launch recent are largest We for Houston capacity, the with the one very efficiency the designed and improving of pleased markets of country. our in
largest expected to Coast exterior the half opening hub products the operating centers be in finally, the And with anticipate also first this We year. operational performance. on distribution one Angeles our of of Los West
the on over growth have bottom we Beat continue initiatives to generated is summary, and XXXX. year-on-year accelerating two-year $XX our launched strategies meaningful results. and producing the strategic $XX to in foundational our will measurable improvement delivered In remain be quintile XXXX, Ambition profitability. calendar we XXXX, year branches focused EBITDA as on results approximately focus We million, total Our our in bringing million.
focus call the fourth provide on I deeper continuing quarter over pass to will Now Frank to results. our a