all Mark, Vulcan you thanks Materials to interest this of appreciate you, Thank call Company. for joining in morning. We and our your
the in business. our down XXXX, hands they our macro of excelled teams and challenges, demonstrated In resiliency aggregates-led confronting
start we commitment quarter, can Let's with which what fourth our to control. controlling the really showcased
gross decline. the impact activity decline also feeling our We ton and shipments single-family generated segments, per of XX% I cold for across team $XXX aggregates profit residential proud across we million of particularly delivering cash adjusted X% weather our growth footprint Abnormally EBITDA shipments. and and in the despite was quarter, disrupted year-over-year construction in aggregates a and wet in began of all
with mix in growth XX% fourth adjusted Pricing quarter. price aggregates continued momentum the in
in quarter lower Vulcan continue to cost profit pricing and of volumes, year's operating fourth momentum, selling more the segments way Vulcan our is inflationary good people in than despite disciplines. way which aggregates Gross increased drive versus both and prior offset of the Our grounded asphalt execution, through performance and increases.
volume, extremely created operational challenges driven in concrete, segment. XX% In mostly in and cold weather in wet decline by pricing that that gains eroded a Texas
the XX% gross with year-over-year improved in posting growth profit. For adjusted year, all full EBITDA segments
a headwinds high segment the of progressed. with our gross improved increased noteworthy X% selling and of Mexico performance Aggregates May the prices as generationally X%, arbitrary XX%, inflation unexpected of the volume improved profit valuable and operations average in and Aggregates accelerating XXXX. shutdown year
also aggregates environment. cash throughout improved operating per our and a the X%, challenging over Importantly, gross ton accelerated even in profit year,
as efficiencies increased mentioned our versus quickly profit the responded expected. of gross earlier up, pricing per volumes gross In as ton notable X% cash some second while first declined. ton the with even action. And the improved third quarter, per grew pressures. the inflationary ton second offset pricing in accelerated additional steadily ramped the per fourth a held cash XX%, profit operating and quarter, of gross momentum as I quarter, own more inflation In than XXXX, as quarter cash we the Then modestly in profit quarter, we
and In asphalt liquid the the In segment, on our point inflection third costs. the of an half robust outpacing sharply-rising improvement price cost asphalt second began pricing marked XXXX quarter, dynamics.
Arizona offset by Ultimately, asphalt X% full XX% grew the increased largest particular two markets. million. California, the more liquid improved volumes with profit million $XX the to prior And by to and year's asphalt For pricing than gross in increase year, costs. $XX our XX% versus in strength
segment. assets, improved million compared gross of profit contribution full-year earnings impact to in Businesses. and the the to and availability the had from and year of both the a Virginia year's the in $XX Northern significant Concrete Concrete segment, legacy California increased drivers pressures, cement a performance to diesel prior Northern concrete due In Inflationary Concrete XX% our including full U.S. in on addition
XXXX mixed, terms new for to demand The let's timing. environment on the year, in Now, focusing of both first end demand. is shift users and
We in demand. expect overall demand modest private public but in contraction growth
comment each end-use. briefly on I'll Now,
strong impact housing. Residential costs, rising but it mortgage and return is to home the and on construction construction a under Vulcan-served primary growth. degree as country decline Housing rates private to multifamily but pipeline certainly construction have will starts with expect positive Currently, in on Single-family be of in a and remains to lesser drag to prices states showing whole. activity construction. quickly projects the continued a XXXX, permits of the single-family we
and growing need the to continue in formation is markets the houses additional to It demographics that support important household for employment our in growth the remember and future.
other demand nonresidential and survey we data heavy and opportunities, measures, the indicators projects tightening. healthy industrial such but in more at recent Index, private provide Dodge to remains declining monitoring ABI Manufacturing lending are as levels. demand Momentum moderation and leading loan continue Overall, indicating
positive throughout forward beyond and as Highway move positive. momentum states much-needed investment. expect municipalities and On are infrastructure infrastructure and starts with the we XXXX public both side,
on year. at In and footprint. basis highways, Infrastructure start a our XXXX, The half second strengthened significantly at Investment in XXXX XXXX, budgets across Jobs funding state Act the year in XX-month XX% now trailing end of reflected fiscal is the growing proposed of the
is outlook solid. infrastructure multiyear The for public
and shipments increased XXXX. that XXXX We will as more continue in move the to through began modestly funding aggregates meaningfully impacting we believe
highest funding, state In IIJA been years. tax past receipts the addition in XX Vulcan states to they've in are the
infrastructure up funding airports and non-highway public investment will decade housing for the last entities infrastructure energy, and in need driven play revenue continue IIJA a growth. investment provide Also catch water, future demand of as growth state that has to from municipal ports, support from considerable the for Strong investment. fundamental
and construction progresses, on starts converting of activity demand. timing duration demand Overall as dependent the the private the in the rates be construction impact the will for year aggregates upon depth aggregates nonresidential XXXX the residential of rising interest and of declines to activity, highway
decline our performance. will X%and to aggregate expect Considering X% shipments in and execution momentum our Pricing between these XXXX dynamics, drive XXXX. we operational currently
solid increase importantly, pricing gross industry-leading to XX%. and our Most in XXXX. aggregate deliver and per earnings cash growth expect will XX% between to we ton continue improve We profit aggregates
turn will the to and XXXX our our Mary around some XXXX additional Andrews I guidance. details commentary for Andrews? some Mary on Now, more performance over call
