good and Julian, evening, Thanks, everyone.
Turning X. to Slide
as net day the price year-over-year the drove products in achieved business. reminding lines selling quarter per of all $X quarter. the by sales contributed fourth sales nearly In prices that everyone in up start three in a XX% revenue billion quarter, basis growth. higher X approximately for me XX% on had in prior than we more aggregate, XX% average day to to less total growth our the year We versus Let
conversion backlog Our quarter. a was highlight in the
than our XXXX. in to business it construction divestiture its acquisitions, are come remained solar including non-residential it weighted be more coastal levels, quarter peak and while elevated X, Midway to and from products performing the And toward to December wholesale pre-pandemic down continues the of and continued compared orders on second well offset
also As results fourth Strong the quarter sequentially residential the price in by of year-over-year of the the prior drove average pricing day, per to year part continuing X%. higher our selling I reminder, a as highlight operations. the sales reflected are numbers that business was solar quarter. from approximately stable third to want roofing
high in the Please be year. single-family onset additional was for mind last single volume strong that year-over-year. caused roofing prior days year comparable weakness late demand of our lower winter quarter, by customers to largely shingle attributable the allowing volumes earlier, mentioned homebuilding to a in digits from keep As
price the Non-residential began execution. quarter. up day were per roofing Single-Ply chain XX%, by during supply non-res normalize higher per year-over-year driven were day the to volumes as sales
to volumes, resulting certain tight year-over-year. cycle about down at level X% overall times, destocking the impact contractor However, to lower and accessories non-res in availability project X% material of continue
the day lumber. all well. acquisition increased product lines in Siding sales year-over-year, and higher coastal XX% our across with increased Sales performing Complementary per exception is selling our of with of prices products recent our complementary
contributed our our in X, has of November now keep residential complementary closed with the of products revenue, and addition of sales product on exposure. driving mind waterproofing Please that months X approximately higher non-residential XX% which year-over-year. category XX% Coastal, coastal,
point basis was XX.X% to prices product guidance mix in Turning margin year-over-year. November. as the than we inflation out margin the sales decline in quarter, put selling Slide favorable offset review was Price/cost also Gross more fourth X. non-residential and to year-over-year. operating higher XX gross contributed expense. slightly exceeding We'll the average Higher
an year Adjusted OpEx the quarter. million, as year-over-year. compared including to The XX.X% a OpEx XXX points change percentage utilities was and prior costs. to wages such and travel as OpEx $XX driven was in and increased $XXX million benefits, increase inflationary estate in as year-over-year basis and real or rents taxes, sales insurance, by of of fuel well and pressures and areas as expenses, lease-related entertainment maintenance fleet
side the resources markets, persistent addition, In tightness we the our necessary labor have ensuring of deliver customers. to with continue the in for to err we on
the Variable sales and incentive contributed stock-based to including to commissions, higher increase. compensation expenses related compensation profitability, also and
last addition, increase. branches for approximately million in the opened greenfields and In $XX year-over-year accounted months the recently of acquired XX
interest to through ready as of the to growth and adjust market continue remain respond the on and above-market to our cycle investing rates we XXXX. business, in on part Ambition be Although higher initiatives to to impact we drive enhancement of changing focused margin conditions
Fourth experience and $XX pricing invest to customer operating the in within initiative, in these other related our -- XXXX to e-commerce and branch expense third continuing projects totaled quarter. the approximately are Ambition line tools, sales We investments optimization million organization, quarter.
half Operating Slide since in of in strong in $XXX of $XXX fourth flow our resulting generation XXXX. tremendous the was quarter third year. in million highest quarter cash the the second million, Turning the the generation This cash in XX. a cash back nearly quarter, quarter cash to at follows
see on to attributable as part can you the in to return reduction this more normal inventory the seasonal we in a pattern. As chart, is net
$XXX -- the contributed approximately capital and continue from On product allocation a inorganic higher inflation. cost load-ins increase between and our and driven greenfield shareholder Inventory year-over-year fourth basis, also by growth by quarter inventory to we opportunities to was balance organic acquisitions returns. million,
to invest ability ample capacity. is As Julian acquisitions our by mentioned, value-creating greenfields our sheet and balance in underpinned
of investments beyond. We amounts building in tools not in greenfields, also more are benefit investing as our the that our in in and deploying upgrading us higher as the million will than the XXXX but in fleet and capital business, XXXX. included $XX well only This out technology facilities expenditures
quarter, Xx the at of our As the fourth the than debt and leverage end end was of low range retained to the liquidity of outlined $X Day, billion. net we X more of at Investor
the to retirement shareholder program completed second in We million which than of slightly fourth returns. more the Turning shares. quarter, share repurchase resulted the in X accelerated additional
we of the versus December $XX.X same of XX Net common year. million reduced start of cycle, year. through to an our acquisition issuance million our continue active In achieving to million the share have goals. significant stock-based last for at and at $XXX ample compensation, outstanding authorization we capacity the over toward opportunities we announced XXXX summary, invest time in We exhausted ambition a just pipeline jump XX% to $XX.X buyback last shares February in
compete are a to We successful conditions look forward changing to and market ability in successfully the in start react to to confident and year. our
call I his turn the of turn Page closing for the materials. remarks. Frank. Now Julian back will Please XX to to slide Thanks,
and our to progress we across outlook, conveyed targets Before the XXXX, we lines reflect X revenue towards move have ago. of I'd of impressive business. sales produced Ambition XXXX a with the X of of In we minute year to growth on XXXX XX% to we all take like the higher results made our
digital markets of of our half our from first $XX margin. consecutive in $XXX capabilities. which And growth we $XX delivered our million enhancing We and new our initiative, to generated and label X EBITDA million adjusted delivered We We target in adjusted We welcomed XX branch bottom Ambition enhanced and acquisitions, new nearly quintile in XX EBITDA our calendar across service million both national deliver XXXX opened XX year. sales our margins. additional customers. accounts, adding EBITDA private greenfields second and states, year our record in double-digit initiatives, branches,
of the significant ranks, X.X force, million positioned Investor has We the in representing summary, built of equity performance and our $XXX lines several retired leadership our initiatives. while the at our Day than and and year. repurchased on same key for leadership repurchase time, business X/X We positions within diversity, share authorization to XXXX our advancing inclusion us sales Ambition In value our million created last customers and XXXX and announced targets. deliver shares, at more shareholders
like preparing do to these several you especially before from very head wish for X Now turn we take to we Page of likely markets or market XX. we be We've experienced inflation have been course, conditions our with our to expect provide new I XXXX continue -- consistent products the year, to this not much market I'd as November. see to last and remain labor residential construction. broad-based in expectations, actions. for changes months Q&A, to in years. And over will monitor will, market appropriate the remarks Market lower demand and
above as remain supported demand end and Florida, repair market, California storm-related the replacement well by nondiscretionary parts levels, activity to and indicating aggregate demand of expect as pre-pandemic Midwest. healthy in We a
increase quarter, in sales late growth due or around we in that year-over-year first the per X.X% a basis. sales somewhat January price on last This the lapping approximately be the less than X.X% is shingle expect year. a saw period largely For of January, the to total growth per same we to day day X%
the prior continued in comparison quarter. weakness strong and Our shingle first quarter guide reflects construction in new year single-family a the
range, is continued which contractor prior margin, record to expect which significant destocking commercial the down than Additionally, With shipments, to to we relative be step profits. a activity. softness in in construction the had resulting roofing the level down from year XX.X% our expect gross quarter, we inventory respect mainly in rather at
case Before let underpin about take we to that talk me give minute the base full a year, our will the you guidance. assumptions
I half the residential in would mentioned, majority to construction, regions and pocket rising significantly felt softness the to recently that new the be homebuilder although year. air higher first note of demand rates improved in expect of in As interest that should we sentiment bring to the exposure the like has have
compared to levels respect good historical reroofing demand we end and the part the market, in With expect to as supported storm cycle. reroof demand very from residential
Regarding since down which Billing highs, the Architectural we improvement commercial last monitoring seen November. Index, but is roofing, year's closely are steady from has
We see also a the from construction repair shift to activity year new and progresses. as reroofing
us enhanced With building above the leverage complementary also addition the help coastal we products offering will to Construction of Whitney Products and market. products, grow within
to contributions previously includes For year, expect range the X% full acquisitions sales growth the we from net in This announced. X%. of
the roll-off inventory digital EBITDA will including initiatives, offset With mind, and improvements million $XXX in label XXXX. structural margin, gross adjusted sales. profit private all we our million than that and in more higher between Regarding $XXX from expect
follow expect to a We seasonality as more availability of improve. inventory material continue normal to pattern to continues
We expect compared this conversion to cash flow higher contribute to to XXXX.
and end in which will and persists. between distance on high extent range construction The of the largely downturn depend volumes new storm our the to the low
to on control, More importantly, customer safety, operational will including pricing our delivering be focus within experience, excellence, efficiency. and and daily service our areas execution continue our enhancing the on
for to We and but expect accelerated invest results in improving we investing result initiatives in acquisitions in today, at additional locations. least our delivering growth operations, the greenfield with We're will future. also that will getting XX ready continue
stock market are we authorization stakeholders. $XXX all the from of of model in And last, in-demand summary, remaining In shareholders the quarter but an fourth in is the existing of our repurchase XXXX. inclusive to our The value million, approval plan. not this dynamic the generating announcing returns for outstanding for environment, to least, business committed Board is increase positioned we million and our creating are new continue $XXX certainly amount be to end our and the in of at outperform resilient, our
are of more. We to customers the our always forward XXXX looking and is rest build helping
questions. With like to lines for that, I'd open the
