Thank you, morning, everyone. Brian, good and
ahead the full the adjusted same Brian allocation quarter with XX%. our EBIT strong compared outstanding now quarter, of of EBITDA delivered fourth contributed Slide $XXX earnings in we diluted with same XX% were per $XXX or As share adjusted $XXX remain and capital with of to the our the We in year, in was million per our year. and strong margins in the quarter X EBITDA to Adjusted the XX% in for million, commercial, and of for Throughout Adjusted which like we $XXX quarter turn discuss margins finished results operational quarter million prior diluted adjusted million was the results $X.XX $X.XX last mentioned, fourth year. execution.
I'd EBIT the quarter the XXXX. year. to which or fourth another share with to year disciplined performance
from and the are full adjusted EBIT both year was $X.X was XXXX, EBITDA which billion, $X.X X% billion For year. prior up adjusted
compared and share EBIT. adjusted year share between shows $XX.XX prior billion in the or full to per billion X $X.X reported diluted earnings diluted $XX.XX the full our were $X.X per year adjusted year.
Slide or reconciliation Our
fourth For the $XXX and million $XXX in part year, and primarily our quarter EBIT. line which product year. million settlement place last rationalization approximately on year Santa million and They associated totaled actions; include of cost $XXX for adjusted loss the are took of excluded charges a gain facility; liabilities, $XXX ongoing our from of adjusting sale on of Clara optimization pension our our items million with full
to our XXXX. and deployment cash Slide to turning X and capital on generation moving Now during
$XXX capital enterprise. and $X.X from Strong flows Free remain and earnings prior flow adjusted conversion on investments capital reducing capital cash resulted capital of were on $XX X% additions in generating million and focus free in year. approximately for continue working innovations. up billion the free and for continued in productivity year. through to We revenue, of cash cash intensity earnings.
Full on quarter of was the We strong million process flow $XXX discipline XX% cash the free focused year million,
capital and commercial result for of the year-end, liquidity our of of strong availability of billion had debt on on $X.X return bank consisting and $X.X billion the approximately $X.X a company of XX% was our execution, facilities. cash operational year.
At As billion,
and total $X.XX the XX%. the to declared $XXX per a million, December, returned we Board share During approximately cash of share, an dividends, increase XX% million year-to-date of fourth through shareholders dividend $XXX bringing free the flow.
In repurchases to of of cash approximately quarter XXXX,
strategy capital unchanged. remains allocation Our
time cash our to balance investors We sheet are and maintaining focused returning on the investment-grade grow an executing generating approximately strong company. to free flow, over business strategies while XX% on
details in segment delivered business million. on provide many $XXX Slide was the to great of growth weather our in regions, I'll up extended margin additional as expansion. results. quarter turning roofing year revenue and another year-over-year Roofing The quarter Overall season driven XX% year the last mix on market volume Now the a and with for were shingle mild versus X. favorable the strong. volume from by roofing start attachment compared winter also favorable was to continued the Revenues quarter and U.S. prior XX% to storm impacted continued our and positively asphalt basis realization.
The demand. by in remained components were rate up seasonality mild the price Sales
price our market Our U.S. the $XXX of to and to costs to growth QX versus due volume continue last moderate. market and primarily the The quarter, throughout primarily in shingle higher was favorable delivery quarter, in continued and was year. the inventory levels XXXX.
EBIT volumes, low outperformance QX million trailed for up versus the $XXX million costs mix. were favorable increase Manufacturing positive input due and
this margins resulted and XX%. EBITDA margins in of All of XX% of EBIT
the up year, mix U.S. higher was shingles to and Positive increase. asphalt was and year-over-year X% the year activity. on full storm billion, compared both The $X shingle increased the For to of favorable price market levels higher sales volume to driven XX% contributed by [indiscernible] a basis prior also components.
trailed market throughout the to the primarily inventory low our levels volumes due shingle U.S. Our year.
investments debottlenecking we of result roofing serve able incremental as more demand However, for capacity. in a to were
versus mix. EBIT volumes, resulting throughout due EBIT billion, million year, XX% and $XXX and was year EBITDA margins the price, favorable XX%. $X.X year increase input primarily was and costs For positive the that The were for were full higher last delivery up margins EBIT the year. to moderated The
X% quarter. to as down down were EBIT million, of prior decrease and housing fourth a strong quarter from as track insulation QX tied primarily to compared please margins and Europe, of $XXX $X of $XXX of mix, and to planned EBITDA revenue Slide in American Now fourth cost. and XX% Inflation Insulation starts. expected. Insulation The were down revenue XX-plus residential announced slightly price business largely EBITDA impact downtime realization year margins. another global, to the offset with was for last of In volumes turn the quarter lower year. the million, of favorable year-over-year. maintenance was by our previously delivered Positive favorable The pricing for quarter and delivery summary was fourth technical offset revenues XX% closer percent X lower EBIT finished million the demand down largely Overall, macro a weaker margins was Insulation overall in volumes year. environment.
North business. Volumes
full in spot $XXX both XX% price an business. insulation decreased experience EBITDA prices sales continue pressure and billion overview the quarter to softer of with million For decreased XX% volumes we $X and and the down the EBIT products. X% XX In quarter, year, global offset price our were macro reinforcements mix prior sales prior favorable of Insulation business lower $XXX The $X.X resulted with see our Sales volumes year million, of year. to higher to compared XX% environment. North from to primarily and provides the year.
Slide and to net full technical for margins margins glass lower with million of compared residential Composites fourth insulation. American the the lower as impact continued EBIT selling for for increased Composites the to
was partially revenue decline see we with manufacturing as $XX prior overall our EBIT due performance. offset million The inventories lower nonwovens primarily downstream was downtime associated the discipline million, was While structural to down, lumber which by for $XX volumes and and from businesses.
EBIT continue was to down growth quarter OC demand, in year. favorable balance maintain we production to
EBITDA Overall, and to the for in margins continue cost as the EBIT experience slightly cost pressure Composites we We input and quarter. delivered XX% over price margins and negative delivery X% price deflation. saw quarter had
EBIT For the the EBIT XX% to net the last $X.X EBITDA from downtime was volumes EBIT acquisitions. costs The volumes year net inflationary prior decline XX% of for offset as decreased and were and well full from the sales million, delivered divestitures due billion as to $XXX production Overall, year. resulted the net year primarily lower cost. impact additional of for lower associated decreased and sales The was Input to Composites for of XX% largely $XXX the by delivery compared million divestitures favorable acquisitions. margins for impact the XXXX. and margins a year, primarily year. year, with from decrease impact
full General between range on and not expected expected impacts year Moving for exclude I XX. to Interest expenses Slide which acquisitions to $XX which range are million million. financial have our million. yet outlook will from been is the divestitures XXXX of all of discuss $XXX completed. corporate items, to million key expense to $XX and $XXX
to Our XXXX effective of tax rate is expected to earnings. adjusted be XX% XX% pretax
to is line be capital amortization. Finally, expected to in which are approximately $XXX be and anticipated depreciation additions million, with
turn further Brian please call Brian? our I'll turn back the and XX, to to outlook. Slide discuss to Now
