Thank you, Christian.
XXXX pleased fourth record our and We’re full extremely with year quarter results.
our platform, strategy structural and products, can on focused execution performance provided high advantages we reflects Our the for growth of innovative vertically-integrated deliver which schedule. architectural by strong the demand glass our
record and on a in in adjusted evident our quarter revenue and fourth residential year. we results, theme full sales. Expanding again in once where a we of levels is continuation we’ve success financial in both quarters, were growth produced margins the single-family pleased see expanding to recent while to outsized record EBITDA, Our our discussed XXXX
Our full and fourth XXX% in focused for year fourth row Single-family XXXX. sales total accounted single-family efforts increases year-over-year to in of our of and respectively. our represented market, the XX% quarter sales penetrate XXXX, the of residential further year full quarter XX% XXX% and sales
success across expansion gains and business new also Our this the US. market share in led to rapid us and farther has wins
our upside in primary diversification revenue growth, southcentral southeast and Looking in US ahead, additional dealer network expect expected we of driver single-family expansion residential continue US. with be to to sales the and geographic from the the
the are our that year. production Multimax launches with to catering we our invoicing housing robust We’re opportunities starts, macroeconomic upside earlier remodeling began as providing and to in tailwinds such traction this windows, such positive the seeing is good trends homebuilders, opportunity strong organization product penetrate line product as which us to supported collectively upgrades untapped opportunity attractive This further with market. new by with the activity, storm-proof
several Slide this supply that are would reiterate like Now, success I key tight to our themes on in X, supporting number environment.
of with include, model operations other an locally supply an and our quality XX% US our choice in A aluminum finally, capacity employees. St. local Colombia Hedging insulates applied critical from sourcing entrenched revenues in from of investments Keeping cost JV competitive talent reiterate other energy company and to automation savings trade and factors and our to and transportation I efficient the seen Our few strategically which us X% due advantages. operation and investments vertically-integrated And prior our renewables. other located inflation return flow less success low of prior cost imbalance to dynamics Being to glass high and solar in a costs, our partially in business that the places. employer environment provide current ample like maintain a would than plan turnover upgrades. through with a with at Gobain.
introduce us full quarter fourth structural enhanced than customer with enhanced relationships continue industry our on our more offerings, quote provide advantages our projects, in product deliver through expand evidenced and products have to year improvements that shorter our competitive average to capabilities. ability delivery results, and the times new lead As
the Slide to year Turning of and gains million over year accelerating X. residential revenue on XX% Total a for to strong the and record year-over-year million products. attributable full to revenues single-family in $XXX.X number year demand quarter share $XXX.X activity, market a the fourth drivers XX% record growth our to for for a increased
acquisition approximately revenues domiciled year at $X.X revenue. eliminated completed products the of million Panama we the country of reported, distributor and intercompany the Panama. After Ventanas quarter, Ventanas fourth Solar contributed during exclusively sales, full Tecnoglass previously of our Solar company of in serve importer that a to As an
with line ASC through reflect the to under the the XX, results acquisitions period recasting September account results nine-month for Our XXX-XX to of controls. ended adjusted common been retroactive in consolidation have of XXXX
at quarterly year-over-year adjusted XX.X% million, XX.X%. Looking record increased drivers an XXXX Slide EBITDA on for adjusted for to to million, quarter the full EBITDA a XX.X% $XXX.X the of of record margin EBITDA increased XX%. a EBITDA of XX. representing margin the fourth Adjusted a representing $XX.X of year Adjusted of number
are to margin at year and quarter and record on fourth We basis. full profit both dollar produce pleased gross
of of million, operating Our $XX.X a increased a revenue out products, – of record marine full a margin the profit, to nominal greater fourth mainly prior mix gross activity year expenses full strong new XX.X% in for transportation and mainly a profit and we compared gross mix incremental expenses to variable for record XX.X% contributed commissions. quarter year improvement year margin carry XXX manufacturing operating we XXX of This in reflected expansion included to the XX.X%. from The year versus not as gross and points of performance higher fourth related ground quarter. margin our quarter residential to installation margin basis gross of of point to a increased the basis where reflected Higher gross do XX.X% single-family quarter efficiencies margin representing installation.
prior quarter leverage personnel, by year percentage periods compared operating a XXX on the higher fourth due points to year professional points fixed of to their expenses. fees improved basis and better and for respective other basis revenues for the expenses XXX full revenue, and As operating
million amendment of at our XXXX, our looking recapitalization balance flexibility through XXXX, the the and in leverage secured of our sheet year on cost approximately one our during November financial credit points, the date XX. on facility. borrowing Now, Slide further to to by end debt enhanced reduced $XXX tripled credit we our of senior capacity the XXX the This Building maturity borrowing upon their extended basis of facility and XXXX. by
year the year. track outstanding record built to a flow, with which million generation our prior to flow million by During to of $XXX.X the upon XXXX, cash compared increased record we end cash operating $XX.X
Our operating exceptional voluntarily EBITDA additional additional approximately shorter operations, we reflecting under and lower by This in to provided for XXXX growth interest in investments and debt prepaid with us liquidity from value cash single-family we for of $XX adjusted $XXX our increased capital cash of facilities flow million year our $XXX as dividend end, year, expense. in during million. cash resulting availability revolving XX% conversion the generation represents balance At a shareholders flow management flexibility cash XXX%. revenues, our $XX working at in total cycle, impressive drive million quarterly our credit million, approximately of made committed had our
flows costs. focused to efforts evident collection in end shorter net reflection history, cash a year ratio single-family from to borrowing capital strong substantially overall mix achieve cycle. times working end, down is in Our allowed reduce debt maintain at return EBITDA to leverage The in lowest higher to to a sheet balance decreased which X.X reduction efforts the adjusted better us company sales which the operational would generation several like XX, of highlight efficiencies evolution On high a from our our cash cash sales from capital times capabilities last in at X.X operations the investments overall, feature a I improvement substantial the our management, stronger our in over outstanding. working years. Slide and and the reflects days our The of to are of XXXX. improvements That of products, efforts direct
business. we automation our us cash to our all We with in days provided have in Overall, days addition operations flexibility we for generation, which to other days in through XXX also as to in enhance due investing efforts has to XXX the in are part shifts to reduced future our XXXX, increasing financial streamlining to extremely of inventory continue prepare significantly aluminum our compared mixed growth. XXXX, our in with expected pleased operations
year strong ability business number to of growth XXXX, quarter our the momentum our in we on in are record the through Slide confident to on outlook the track into continue first Moving XX. Based XXXX and of in full XXXX. our our
at our and these of XX% This the We outlook of $XXX our revenues, represents to full structural are million range growth margins of residential. completed full our I to the $XXX benefits along $XXX growth outlook CapEx the outlook be of mix a to range from expected Based anticipated led investments single-family introducing EBITDA range. $XXX operations, midpoint supply midpoint in of of revenue million, benefiting year of XX% the the we and XXXX are for our the representing advantages discussed chain high the year range previously in to operations with Gross that earlier. return vertically-integrated XX% be the to of million. expect million at by sales on adjusted be in
higher that Additionally, during revenue product the we installation year. we mix anticipate will versus have of a
in With to positioning, year our increasing in mix approximate target our in for our have our questions. $XX cash grow $XX We end shareholders cash Operator, from and for investments, confidence to as capture investments related share of will strong structure for year generation vertically-integrated demand tail to significant believe strategic we less glass answer In insulation operations million happy our our continues an of primarily as XXXX manage our to deliver products. ability drive open milestone continuing structural recent to we in was summary, increasing generation investments, well to management full returns continue XXXX XXXX. partial With and another geographic flow the Tecnoglass. of to working the project CapEx efficiently million automation superior questions. XXXX Maintenance most tight provide further and the expect our CapEx advantages, and capital for our pressures, aluminum beyond. We will into demand, the sales. please be inflationary that, while and to to your than represent line X%
