and Good what on business and business healthier. welcome we our much quarter progress XXXX. to transforming fourth start Thank and do, would I'm said with is that did We I'll you, saying throughout morning. Margaret, pleased our call. we the XXXX the year-end by
and of results, over full fourth made the we profitability To our summarize our quarter priority a business, year revenue.
revenues to X% year-end $XXX Our in and QX slightly grew to million declined million revenues million $XXX XXXX. versus $XXX
joined top business can was a situation was of out XXXX, to of transform and and for yourself construction, sake as to have that when to In revenue throughout you our don't put That you the driving priority you until growth our late But money top Scott company communicated not profitable growth. win I I discipline, and in the making impressive. sustainable line that's the Orion bids you On deliver surface, the into the year, was grow if the can objective. without revenue not business.
the year time. which at out ago, of to realize to be toward profitability full year. that and We growth, throughout strong for goals growth in development and the the business, strategic XXXX plan to our worked potential. resources same plan revenue investment have the accomplished included a We Concrete XXXX now business X-point support A Orion's profitable work strengthening and we sustainable growth, improving backlog drive and to long-term laid
now is higher to we business. in but Concrete profitable, will drive continue margins that
and We have which business growth vastly team our have development in invested and driving improved strategic growth. is processes,
and future. better progress do, profitability Lastly, we invested and we by improvement much We significantly as the fleet measured our balance metrics. our our significant business a have significant prepare optimizing sheet for work still to healthier in is liquidity. improved business, made our today, to strategically We in but
points XX.X% or was the profit a EBITDA X.X% EBITDA versus million to increased margin, EBITDA a adjusted Gross adjusted margin margin $XX.X XXX XXXX. quarter X.X% Adjusted QX quarter $X.X X.X% for improvement year. significant over in last basis or fourth a million
Concrete delivered As and basis, a from we X.X% was the an decline X.X% our the priority, business beginning, versus it a top corner. in adjusted EBITDA year-over-year. On turned the margin in reversing Concrete March, communicated margin negative
our Orion, reputation that Dock. ability Dry line Pearl I'll which growing the development business important is cover our in for more projects in our XXXX, What's like significant wrong, winning is are win Grand like in Awards top projects long-term strengthening Bahama's made me complex high-value, get Don't we the and the builders large Harbor projects efforts, important. later. progress markets. to And right demonstrate these
its set how to Orion pursuing is up applying are And are story unlock projects, full to approach disciplined we while sizes. a The go-forward we large projects all now potential. also of is
we minimum bid have with profitability. strong required guardrails our work where That driving projects us as oversight from well that such and to to leaders. bolstering with critical implement experienced proposition the competition, management right winning value differentiates as Orion First, pursuing pricing as is margins
just Orion's culture. rules. required must new that establish However, them, reset you and The can't enforce organization understand to embrace us and and
strong strengthen everyone having an processes ongoing accomplished identity predictable a a always We excellence XXXX, and execution. put the mission, and on culture are in engaging organization outstanding great focused the deal crystal expectations our process, through place, delivering in we marketplace. in clear, is While procedures and same its disciplines, to and so is
too that had To years we down tore business. achieve this, far the throughout many existed silos the for
With And interrelated, talent we when not collaborate and overlooked autonomy, acquisitions disciplines are many unit were duplicate friction cross-sell. other integrated, business the classic over happens these what challenges. opportunities missing since case and platforms, resources, of fully there all were are to
is later, We the X Orion. Orion the forward year operations same one Orion now in banner, TAS company the our rebranded including of under pulling all Fast of Concrete as rebranding Construction direction.
business, rebuilding well as infrastructure IT will give Scott scale. capability also across are detail this sight We of in a give the an as in that remarks. better will us more entire his of the line
strategy, this a to especially that President future formerly all, M&A. thrilled critically we and Growth. Strategy new of year. Senior development, leaders caliber and was of Vice I'm training Above we with joined a with AECOM, This Eckman, Orion Alan to that business role the needed attracted us sales drive as
compliance new impressive and legal We Chip management in-house as Chip also counsel. background. our has hired an risk Earle
in for New Orion, an where we in in market working to and XXXX. presence our is began Orleans we Louisiana now have a the office state expand important new
on I leadership and Scott board, is senior Since our strikingly our year a came different than culture and ago.
collaboration next solutions ourselves To brand, By will week. live we presence in goes our more are be We new support our for check website recognizable a achievements performance. leverage develop with happy the we the out go when you unlock pushing are X March deliver launching our and on market, national across mission for high-quality to Orion potential One brand, our higher reflect excellence. it to growth, it new predictable to would Orion winning a unifying under and celebrating fostering mindset, teams and
With expect improve to place, these in are with full In build in attention a we gradual to building year. performance momentum turning our our building blocks throughout XXXX, the the business. critical we
believe XXXX year several to we will reasons. for key our However, the when really transformation in kick starts be
In from of taken over clients year RFP Orion, transform over also increased private improving $X billion we a little our We're an the and reflects public in pipeline from outlook. a sector. to we've our billion. opportunity Marine only this to ruled measures year, to This $XX expecting activity almost see not the but market
for bid is of pent-up work, our core undertaking to preparing participate would The Orion. to earmarked a on, and of demand Based which restoration well defense the in as on more Harbor to the the accommodate naval spending capacity. in well $XX projects we're the is capital port as also Louisiana in warehousing benefit from coming construction maintenance projects larger Add billion dredging that Marin to Pearl including years, that necessary expansion ships that Pacific. waterways, coastal is capital number positioned for
outsized infrastructure would Orion private rate these in benefit This X several since in public for new funding the private opportunity a markets projects be interest we be Houston mostly With for Concrete also would believe in construction the projects. might growth is core markets. sector. work Dallas any to from Orion support relief, greenlighted and sector our
We in also expand our to see Concrete an opportunity business Florida. presence
competition. requires a of special the limits and tailwinds opportunity strong that are our experience space there ton in that skills and line, Bottom
people We are margins. industry Orion beyond. have execution, I'm set success who and the best revenues very growing XXXX that in up and on the XXXX, for laser-focused optimistic driving is in
our operations to this discuss turn Scott over and to call I'll Now financials.
