to a up Sales count X% well Canadian up U.S. Thanks, Sequentially, last due up fourth fourth quarter in which followed than the higher driven XX% U.S. from million than $XXX $XXX completions. market upstream in fewer by Franklin U.S. year XX% sales and activity. markets gas fourth sales in midstream revenue primarily quarter offset U.S. in increased increase. Good geographic midstream billing fourth down XX% Shell X% projects, Canadian more spending. and Sequentially, segments yet Total were for future sales gathering due $XXX the well a U.S. XX% deliveries from increase a infrastructure the partially segment, improved. were quarter by the by transmission higher large downstream million, the higher as several growth including sectors XXXX decline share seasonal seasonal to revenue utility all days. to was a for of In international and all last higher XX% fueled gains. quarter upstream sales as revenue with increased to increases. activity rate primarily the were third reduction a fourth normal increase. quarter, as declined X% were higher $XX the sales. year to XX% million all everyone. with again most segment project Kazakhstan, U.S. XX% grew project of from Andrew reporting last and related and quarter TCO due for downstream by with the a and morning, at maintenance more year, fourth X% upstream, million, sectors quarter upstream were due was ago. downstream deliveries by midstream in Increased the quarter, were to were sectors activity, of the decrease due production The year, sector revenues the
last upstream as project due XXXX. Turning North an growth discussed. sales deliveries Midstream to XX% end quarter XX% in quarter the market $XXX the quarter for on increase increased to of sector and results sector, in from in the same million fourth sector, conditions previously market based $XXX improvement were from our XXXX, fourth to American million year of sales international
gas increase million, the XX% of fourth XXXX In the XX% X% quarter for was fourth XXXX quarter respectively. XX% and and gathering it revenue U.S. in was the $XXX of utilities the of full to last primarily by customers to the up million. an fourth or weighted our transmission compared and in gas was the were The transmission and or and XX% year, utility XX% $XX million customers $XX up our sales and gathering mix our subsector for sales XX% As were to XXXX gas transmission compared quarter year utilities fourth and quarter and sector, as between downstream for gathering driven
impact to margins, decrease due turning XXX quarter XXXX. to percent $X Now, from $X decreased XXXX. primarily the XX.X% of compared XX% LIFO. XXXX points expense XXXX in was of the quarter million fourth to fourth million quarter fourth in of reported in A the of fourth to the the quarter LIFO basis The gross profit a of benefit as from in of was
the million write-off $XXX Iraq. Excluding quarter basis fourth local the the non-cash our was inventory includes of XX.X%. XXXX charges points the increased impact or for million to XX percent to Adjusted of gross reducing compared million XX.X% in same of to pre-tax for with $XXX period of XXXX. LIFO, of and associated revenue profit as XXXX presence in XX.X% related gross profit $X
pipe not charge, that line period in profit as higher inflationary items line or stabilizing average prices the from with half would adjusted the increase pipe mix. the product Logix, sales to of periods reflects of the XXXX respectively. fourth fourth or prices pipe we and percentage Line same year million Both quarter and all gross $XX year. for in than increased XXXX. and were increased XXXX severance XX% Pipe XX $X the most fourth quarter in the inflation, throughout XX.X% been the quarter. increase the pipe the in latest we of higher compared higher the year. the includes expect gross sales well Based to as costs $XXX million for the million million costs XX.X% of SG&A XXXX same sales more spot favorable in points The before the fourth Excluding than In prices $XXX previous degree restructuring or were as basis first profit of of XXXX in in XX.X% of XXXX. have but saw on quarter XX% adjusted of XXXX index,
SG&A discontinuance control XX% in to than as Excluding primarily SG&A be slightly expectations the of to the slightly technology continued excluding refinancing In in several Interest increases. about expense $XX charges pay severance increases fourth $XXX headcount as cost. international we fourth spend and both million debt incentive expenses and driving to million, $X quarter of segment levels. end restructuring due million saves the related reduction reduced by and as $XXX of the year which about result expense expect million expense. and the expense quarter came million in over incentive There higher partially to up restructuring ERP XXXX accruals, for we compared which which year, $X and from SG&A accrual our in are in XXXX, to employees, below quarter volume insurance of this and periods offset XXXX SAP including totaled implementation, for about costs. lower savings other related adjustments XXXX, the which is revenue saved components fourth us due $XX was reduced a million, pay our higher was in growth will increases XX% to cost per the severance
With in the act rate jobs December, unlimited tax passage of a and XX% levied. one-time cuts was was certain from XX% transition U.S. tax to corporate reduced on earnings and foreign the tax the U.S.
of a of by tax tax fourth the non-cash a liabilities transition quarter of in offset income $XX years. tax million $X be the tax which we The deferred related a the million benefit of new law provisional includes over will period tax As million benefit $XX provisional $XX result of paid re-measurement expense recorded to our benefit of X XXXX. million
be tax expense to in XXXX. of analyze We continue the refinements reflected and the tax full will our any impact in act income estimates of
as However, benefits expect XXXX full U.S. flow earnings from are currently a as taxpayer in the have the Andrew mentioned cash lower we rate and to in both we
to $XX Adjusted $X.XX control EBITDA charges. versus the fourth $XX the XXXX. to quarter of a or related a $X.XX based segment. the to rate of of in diluted of for loss attributable tax million the current net X.X%, and common of per shareholders our XX% was Adjusted year in attributable XXXX. and charges jurisdictions, diluted Net are we of to million on such XXXX As by in estimate effective million an $XX earnings restructuring estimating quarter fourth per income diluted the share, EBITDA million earlier. quarter a The including per $X.XX quarter $XX per XXXX common diluted increased $X.XX million international mentioned the $X.XX after-tax was and for share from compares share after-tax as due charges X.X% for ago $XX the write-off fourth or ago. $XX per severance and of provisional of of of shareholders $X reform benefit in share This share. fourth or million were restructuring tax $X revenue cost includes The loss to or or previously million inventory up diluted margins year million and quarter described severance
million of quarter in used $XX and million of operations the XXXX a year. fourth cash of the total $XX for Our
at higher it Our was end year of working end capital $XXX at XX% the XXXX than million, XXXX. was
in XXXX. to gap year. quarter expect cash day XXXX approximately $XX between fourth X.Xx flow in previous have manage days, outstanding throughout our outstanding and to from from X.Xx at balance working excluding with of the days to turns cash of We the XX.X% sales operations the the our sales be as in efficiently quarter million. increased the We our was of consistent we up three of as to continued inventory XXXX. a the We year the payable held XXXX, capital And percent end sheet fourth
at was at to end Xx. of debt million Our decreased compared XXXX. debt of And net million to on year end $XXX outstanding leverage $XXX based X.Xx the our ratio from million $XXX
million of on and about X% We year in as expect ERP of $XX expenditures, we gives year, we facility cash. too now us XXXX $XX XXXX was have turn grow our September the we have to Capital in ample in XXXX. and implementation will back it end to be as our drawn were capital approximately maturity capital for structure ABL million At XXXX. working And in expenditures comments. covenants will debt the the capital and million ABL in no flexibility than our will end nearest which had no on financial grows. XXXX, $XXX lower such expenditures $XX And maintenance our million million. it availability The is $XXX at longer the I closing Andrew
