highlights Beginning everybody our to and X. morning Christian, with line. the good financial on you, Slide on Thank
improve invested EBITDA. business new cost-savings adjusted $XX.X chain gross model, growth quarter. million margins base. value these sales, in increasing quarter, XXX basis our of amount ability and Over into year additional of through geographies, profit those third which our the remain captured the EBITDA the an with confident to past and facilities evident expanded We efficiencies benefits metrics. quarter efforts avenues reduce higher The several XX.X%, margin vertically cost from year in in prior have our to XX% each of points the and the years, generate increased and of were We source initiatives. to incremental record integrated our Adjusted levels will sales in continue adjusted produced our and we implemented from on EBITDA double-digit prior up hit to in
growth connection maintenance sales, with to growth. minor capital and initiatives. the with strong at sales approximately of account quarter, Our dedicated third operating low performance This remained includes investments. of our working future cash support to efficiency receivables reflects fairly flow in inventories primarily CapEx in X.X% build-up along
a strength supports ample adjusted EBITDA, strong the cash This a to X.Xx expect CapEx a prior our which continue from from address improvement moving of second with into net trend of investments, and of of enhancements conservative million operational at and positive growth XXXX we that benefit to to capacity future quarter the created initiatives $XX year-end. sheet slight and install forward. debt balance have a We position expand ended quarter the We end X.Xx profile to leverage growth.
all QX driving portion third the Colombia. was the strategy improvement single also Slide on in residential X. million geographies revenue our and at came of softer a performance the U.S. penetrating by the compensating drivers from increase market, of activity, the to remainder U.S. in in segment. the to revenues Looking different construction A Nearly $XX.X the in and reflecting in and for more residential our XX.X% lines gains slight of than the market commercial share for U.S. the U.S. healthy business market, increased quarter. pricing. to is grew Year-to-date, attributable results, family continue
Looking on at Slide the XX. drivers of adjusted EBITDA
increased profit. as third of approximately EBITDA an of of activities. represents sales This gross and quarter $XX.X higher adjusted was year-over-year came incremental to margin the to from XX% a This growth largely quarter primarily which and majority quarter, mainly the For XXX to manufacturing from expanded attributable coming sales improvement margin, favorable XX.X%. gross year-over-year XX% million, points result mix, EBITDA with The year-to-date. basis for
per operating manufacturing. cost stable volumes have labor unit. a had constraints material pricing our U.S.-based peers good leverage higher input material costs slight our impact improvement on affecting on saw also with essentially not and Raw on increases We
stronger well mix have of stable for us, on dynamics a moving given sales. a in was is by XX% the experienced a to expenses SG&A, rising higher overall ground Marine volumes, of main we are across continue. have services. business believe remained conditions, profitability sales. a Based costs dollar $X.X areas relatively to commission costs costs which variety we responds the pricing and unit XXX-basis-point ground increased we forward, market For freight far U.S. favorable on where positioned the driven trucking higher favorable delivering and reported and onetime shipping the This of market and rise, to quarter, transportation basis, this as products continue drove and U.S. we cost increased Colombia support between per million, and items seen so primarily to are to due SG&A excluding overall cost. trade likely U.S. increase strong to
growth. productivity remain preserving while efficiency Additionally, initiatives a on profitability, we strong enhance expected focused further to platform and to support
XX. Slide on alliance Schüco the to Moving
shared alliance supplier our strategic us to recently a of party. its very this Schüco meaning to each either the Among in own. will also The the alliances is in of as creates will Schüco. It becoming on we arrangement, U.S. go-to-market markets U.S. allow customers the products underserved distribution alliance a more purpose while Our will our to more achieve to network we've with to other's solutions to gain is benefits both by within for sell key announced to strengthened the faster a The help Americas, for currently capabilities. our access we mainly than Tecnoglass. and clients, expand portfolio offer companies partnership expect grow either
at of our renowned we We production increase our expand portfolio will designs, high-end state-of-the-art facilities. and will
but premier all a additional XX not profile globally for This markets company brand plan. and elevates architectural our the reputation has further products already countries Tecnoglass aligned Schüco in Additionally, a quality is with This validates Schüco in a our global in expansion over alliance only XX-year excellence. with and of systems States, is many long-term regionalized the where highly a presence.
in benefits XXXX. beginning see middle the of from We expect to this transaction,
continues for created in Looking on remains awareness construction storm costal commercial have for broadly. The and construction as systems activity be Slide business. impact-resistant to XX. dominate market at favorable added Deliveries architectural for energy-efficient climate conditions states glass the hurricane-prone continues recent hurricane-resistant strong, environment windows our our preparedness. more for to U.S. particularly us, for
new backlog innovative ABI, remain conditions Our XX Southeast, energy overall, view share to the our markets ever-expanding coating Expansion of which Based grow and growth strategy. by that upon above cut it positive in exposure. will continue believe the We for low-E current ABI to remained average we the the markets. limiting into emphasize where forecasts clients Index, heat our an our for months. continue to to catalysts costs innovations XX and ratings will And are presence. take Architectural the market faster consecutive within are Billing our are continue to strong Tecnoglass that particularly have new transmission. has business than additional we national will in we helping our The specifically, for composition, product
on our Interest midyear. all accelerated to low, market economic GDP Slide to rates for positive inflation are Colombian indicators Turning remain since providing some XX. update runway Colombia, have and growth. construction In and update
has Colombia we and the year. market in not the Additionally, the conditions pro-business time And territory said, on the activity several believe bidding as and improving political to also sharply through outcome quarter carefully. Based next second August are elections, earnings do confidence country. recent presidential our third in XXXX. call, for consistent conversations are point social first conditions since with customers, is to years. an on of around expect rebounded This the watching we a mentioned uptick with the That the of which remainder climate we over positive quarter
backlog third favorable Therefore, increasing as as developers second improved the over to Our continue the next several take years. environment gradual into to market for quarter a the we and deep quotes anticipate quarter of compared business project XXXX. stretched overall is recovery the start advantage average
XX. Moving to now $XXX XXXX. grow on our a Based for outlook our million. We to expect of million to to increasing Slide range XXXX our revenues year-to-date, full the progress we year $XXX are outlook on
revenue partly new to expected mix markets. of and towards the growth by Our end still be U.S., weighted filled products is
the months half in expect be early should in to higher mix have higher year-over-year invoicing along to back of of to with margins. half on growth compared in said limited to of calls, full We anniversary on range now revenues, higher growth drive million. invoicing XXXX, sales and XXXX, prior to be in improved the Favorable of first the carries we anticipated EBITDA which GM&P we leverage compared year based us the million on XXXX timing expect in adjusted X inflation from acquisition to As $XX into the operating of operations, $XX manufacturing year. allow the
during of operating reduce payments the While and flow not we've strong to of had quarter seasonality the usage present full X we first the growth that year. year, the usage very the year, during the given cash a during of last interest period, on given months the for tax expect some the
achieve We our advancing market and rapidly extremely confident of We continue your look share as leading manufacturer support our a advantages. forward for objectives. are of in on build to our glass to as growth We thank ability high-quality Tecnoglass. products you competitive gaining to we continued continue
happy for your We open answer the line questions. will Operator, to be questions. please
