Thank thank you, today. us for you and Heather. everyone, joining Good morning,
XXXX including our our and completion results. within exciting report Water we safety, full company throughout growth fourth and for of XXXX compliance Global the to quarter year with significant business an year with and serve. communities and many the results pleased improvement projects very are acquisition, We organic was successful achieving
employees event incident with the foremost and violation. year no compliance successfully -- completed recordable safety our environmental no and First
service. achieved we violation. over We delivery have These dedication now recordable consecutive environmental of of without over an care provide days reliable XXX show in performance compliance achievements accident days exceptional the a utility employees remarkable safe and as safety our without X,XXX and the and
effective Environmental Forward was Awards finalist dedication XXXX Additionally, scarce of Water our managing communities recognition Arizona Global Water serve. for we by Total the Excellence Management. in the for appreciate benefit to of resources named our implementation We water of the
of approximately XXX X areas square connections irrigation X.X% and miles Water of Turner XX% up Pinal to and million, facility. and from coordination connections to financing to Pima - increased X reductions growth for in and Arizona. area. revenue million, Red financial million increases, The increased a year Arizona Irrigation, the Mesa, offset revenue wastewater added primarily Global agreements Rock and utility approximately increase than due of Water to utility area. the of Turner in organic service with active Revenues acquisition. X,XXX was service Red Ranches our of capacity added XX.X% XX% result $XX.X tax water Verde service connection miles in by growth also capital approved a The reclamation by improvements Turning wastewater utility’s $XX.X the that the reform. square in a more completion $X.X infrastructure counties rate and XXXX and water completed Global Rock consists - Utilities, non-potable due connections Palo of of of as rate partially included of driven and Acquisitions recognition in growth performance. under a
operational in July, raise utilities completed already purposes. and used are of for our expertise has to better improving with capital stack corporate customers. their Our on-boarding million. proceeds to and equity applied we other efficiency technical serve net an fund being acquisitions reliability and In Turner The Red working proceeds $XX.X of general these Rock, and and
of remaining secured Water company's up of of to gain growth a end the Additionally, initiative. credit the unused the company company disposition Company. This an support from the IRS remains until extension received realized of $X Valencia to of from defer two-year as million the line today. to The line the revolving XXXX
currently improvement the end the expect planned remaining of the deferred fully XXXX. have to capital year by we With projects XXXX for gain
of have and power had believe continue next the we with expert; wholesale Directors State my mission be the a to service Independent designation to national of as press our fund as capital Rousseau, entity and our with phase and of management role of and Director, Coy, of Chairman of talents of industry David President Lead resource add markets our the the to the addition customer we water Tedesco will directors new Dave grow. Combined the Arizona. Board largest and leader as most water perspective water support opportunity we in Brett the recently, expert; a and in combined Finally, Debra a to Huckelbridge, manager international
I to these on highlight wanted Moving organic further. growth accomplishments from
Maricopa remained For XXXX over units Pinal was to XX% XXXX, over permits. be which counties up approximately XX% XX,XXX for or XXXX forecast single-family single-family dwelling The XXXX, permits projected to XX,XXX units. strong were and in dwelling
continues strong. City the Importantly very the be to data submarket for Maricopa of
share As with Phoenix. largest dwelling in increase That to enough the exists. single-family issued being XXXX [law] a new infrastructure permits was a over XX% acceleration realized permits as a year-over-year of will issued. over of market capacity in be X,XXX growth XX% based that we is XXX long our position. XXXX, of that larger That any continues on of another permit sustained supports the This and Phoenix, year. In a stated with submarket reminder, XXXX XXXX, up homes total growth increase Metro get we amount in Metro
utility financial to sustainable to want the to to review charge primary reoccurring we greater take revenue performance is operational lay over our budgets driving our primary XXXX year-end I turning service our which because creation. it and the efficiencies is primary growth and meet by provide mandate to and out controllable will continue there and top-line Hitting efficient safe, reliable detail, growth will both financial our to our rate as Mike and operating our and call our Water EBITDA value shareholders. while critical to expenses. disciplined is managing to again long-term and successfully managing pre-established mandate Before a grow Global objectives. approach Then benefits creating in customers partners an and
We capital we as we go. communities improvements policy further necessary, into will as and we serve dividend make our will analyze the routinely
complement to both pursue benefits. Consolidation will continue growth strong similar our are to with acquisitions pursue assets we and Finally, big consolidation and of small. opportunities, will regional the core we position committed and
Mike. and proven industry and this can have our acquisitions provide turn customers the over to to whole the by call recent privilege now to our As the serve. I'll consolidation benefits help we as many communities improve a
