Thanks, Scott.
despite on extremely pleased revenue year and to challenges. are capital record We continued a was announce that improve. and to reported We earnings record return XXXX invested for numerous Quanex
reported we flow. solid year addition, another In with cash free
Also, $XXX cumulative debt as free Scott through million share return approximately mentioned, shareholders the fact, repurchases during and to over pay $XX.X past million of to million. able is In we the year. five cash were down $XX flow years
made are the we've I years, demand, very operational our permanent and continued capital working we systemic surprised. with results. and for proud the very improvements made effort to am these with manufacturing combined they results, Quanex the to four environment changes deliver of strong our we're over an team we've entire communities strong customers, continue performance in past While yield facilities management, pleased to shareholders. energy, our the and with not the In to
will on our macroeconomic the we comments face. color Before results, segment of serve the we currently providing XXXX, and some on markets give I events of the additional view environment
the be under there XXXX, would optimism operating to soon and environment that of hope return that COVID As level pandemic and was some enter normalcy. control we would
spread than expected, optimism by spread different that replaced battle As disruption. the was also chain the soon that far challenge: proved uptake and, continue around will respects, The contain of measures and more in or virus variants the ushered to the stress significant and new the a over lower minimize world. COVID the supply against and reality year vaccine from in is some
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watch this continue of to will discuss we pressures, demand Although a at this pullback signs for results. due segment inflationary we I to not seeing in now time. are
which $XXX.X in million segment Our quarter, year fourth prior XX.X% the North fourth American better was quarter. than revenue reported of Fenestration
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As a improvement XX% the North we and days, price or see American At timing of we contractual Fenestration such in The raw period these pricing arrears mechanisms. and reminder, indices and or material would expect index XX catch of has typically approximately rate chasing reverses. margin to time, therefore, lag business up. flattens XX are our of are of until a inflation
margin adjusted normalization $XX.X or in environment. Fenestration less levels margin of decrease million resulted year segment On a of full year. drop than or of and Strong segment quarter in and which in for for basis after million, million year points to driven increases full $XX increases, of our price million year, in a EBITDA basis prior generated QX, $XX the Europe, revenue exchange combined XXX which We basis, inflation, For year XX than inflationary $XX.X SG&A revenue percentage the record U.K. $XXX.X XX.X% quarter very versus incentives. and with The a segment impact. $XX.X million million, the $XXX.X up of had for of million higher expansion XX.X% revenue Continental Adjusted prior adjusted prior of the revenue in was the and segment. represents year in foreign by had of prior equates EBITDA was European expenses was the margin excluding EBITDA demand material XX.X% this challenging this in QX. which point from
year quarter. during $X.X an performance combined with combined segment American drivers normalized the better to all million with for Components prior benefits, sales contributed compared wood improved by was year. of performance. the the favorable of higher QX, quarter. and Volume XX.X% price index Strong inflationary additional prior EBITDA in pressures North demand Cabinet was largely were net Adjusted actions, increases and which million, pricing XX.X% higher Our the increase yields for neutralizing expenses segment represents to which permanent than fourth pricing $XX.X reported
price EBITDA cabinet of points adjusted reminder, respectively. and For $XX.X we was able the a million XX.X% of as full XX And of year, of approximately segment to and had has index contractual in revenue basis of segment We raw XX.X%, improvement million, business this were this though margin material mechanisms. all which expansion year. pricing XXX% $XXX.X chase our even an realize
costs Finally, expenses unallocated for the primary stock-based corporate drivers quarter. the true-ups were SG&A fourth year lower-than-planned medical prior quarter. million expenses compensation The and lower were in $X.X the lower than of and expense
COVID. the year, impacted to a million, costs were returned corporate For versus and full XXXX, levels which by normalized unallocated SG&A was which $XX.X year
strong. As solid in inventory is generation significant and inflation, the due remains to increase cash a flow in balance our value mentioned our of financial sheet Scott commentary, his despite
$XX will the open Board of on utilize Directors share we authority opportunistic an in this repurchase basis. and Our new a to market authorized program, recently continue million and
value have our create to all positioned and continue We evaluate will ourselves for shareholders. we to opportunities well,
remain very on we optimistic we As environment. demand into look the forward XXXX,
strategy schedules. costs delivery little, And to changes until for is major made reporting markets, challenge any, Operationally, have lags, to therefore, visibility. time forward schedules. we for associated of if customers current implement as months short-term we this associated Our and a Demand we our to combined hiring is the XXXX offset starting execute into have stabilizes is reason solid our to In currently are and very increases to XXXX. such face continue Due the at predict a inflation. sudden challenging feel should record we decided businesses $X.XX progress and we help can by that guidance manufacturing supply and wages and is summary, for translate some chain permanent in their uncertainty, earnings in believe year in our continued we on over with environment. we this, index it hour an visibility able the supply by supply delivered not housing we strong provide chain raising translate performance, time. disruptions, The to pricing needs have the it then in are of record time average of extremely and the potential very operational our In gain have global and environment, chain provide this specific to into and freight continue year to or have and prudent alone on the R&R per difficult Outside with into surcharges in and we backlogs strong, next it our price few growth revenue proud levels continuing shipments this favorable been if demand. remains another it will guidance financial we not excellent facilities. cadence think
plan, focused operator, point are can now reaching take guidance. And we we give definitive We will stay more to our executing forward look that, questions. with on where ready to continue strategic and on a to we
