Christian. you, Thank
number slide seven. to Turning
reflects the resiliency of XXXX attributable fourth business to our We high-return above-market performance with model are full pleased very which capacity record year previously and our implemented quarter and intensions. and results, automation
full in Our further and total revenues in X% XXXX, year market single-family focused only up single-family by fourth XX% quarter XXXX drove residential to respectively. to efforts and residential XX% XX%, compared This accounted XXXX. revenues, penetrate for of the approximately
Our continued and to single competitive expansion and low pricing. our lead family success of the times relates quality in products consistently
incentives also Tailwinds products our remained helping main for reiterate fuel two remodel third also tied markets. markets our revenues more demand is interest to relatively broadly. related demand, in which in approximately are our natural residential and of construction rates, insurance despite are pressure single-family the higher has resilient to tax It that and important to continued in activity repair and our
garage product and line with that including our just growth innovative, seeing blast we traction Multimax product introduced. from offerings, new store high-end, also brand-new, We're have
Looking expect single-family upside ahead, additional to we continue to our revenues.
our and growing geographically are Central the South within dealer We and U.S. base expanding Southeast
Carolina, the attractive have where opportunity to Texas, and We introducing share, showrooms we are believe which market And are new Arizona we [indiscernible], York the operational. for in the of also South opening others geographies, California more planned including already New products rest and and gain year. in City
I competitive differentiating Number are like supporting and environment. specifically, advantages unique key several success to benefiting factors of retain venture cost in two, and slide quality and turnover dependable business and would aluminum our the three, our above one, employer capacity glass an that return to minimum still our low reiterate well plant More hedging talent pays dynamic number the a [indiscernible]; wage. on high people-focused achieve on through Now choice inputs high number upgrades; investments X. cost in are: automation our that supply world to culture of stabilizing supply through with Tecnoglass as joint
and cogeneration of and keeping X% around X% at Number costs power energy to natural to XX% revenues; five, savings solar on-site transportation number of power gas. four, energy, including green from
to increased a for single-family drivers rebound revenues record to attributable Turning the year-over-year market for million XX. the quarter a to of demand growing revenue for Slide XX.X% strong fourth year-over-year $XXX.X on year $XXX.X share residential commercial XX.X% a and and in activity our million XXXX, products full the record gains. number Total to
continues sequentially momentum to commercial our that highlight quarter to like XXXX. would of and construction in grew each I XXXX into revenues Importantly, experience
of Adjusted margin fourth of the than million, to margin at increased Adjusted adjusted million, Slide EBITDA quarter XXXX EBITDA of Looking year-over-year year quarterly EBITDA adjusted the XX.X% on representing of record full XX. record a to representing XX.X%. $XXX.X for $XX.X more XX.X%. an the drivers for doubled EBITDA a a
gross on both another We and a full and basis. profit margin produced record quarter fourth year dollar
of recent a margin on depreciation pricing automation operating Our given gross the operating to trend margin efficiencies favorable $XXX.X peso. profit in XXX related gross quarter. year a XX.X% favorable to leverage of in improvement dynamics, year-over-year greater gross and point higher for the sales, million, XX.X% mainly The compared prior quarter representing the basis the Colombian a to of nearly margin reflected FX doubled
a of a a year SG&A margin mainly quarter XXX sites. rates single performance shipping scatter for full This higher going higher shipping mix gross contributed to margin to Higher fourth the year the a year residential record XX.X%. full of nominal a new basis due as of strong channel expansion into fragmented of gross record volume, sales quarter points year more sales of of to including reflected result nature profit, the and family job higher and higher expenses
the percentage a quarter basis improved revenues, XX.X%. to fourth for SG&A points XXX total of As
SG&A which charge settlement year, XX.X% as the agreement third For flat at total and was year, of prior beginning nonrecurring the and the professional a fees to the by year during quarter. full impacted revenues compared of the percentage was a
Now at improved sheet number and our XX. balance Slide on looking leverage
leverage drive significant cash Our XXXX, the impressive record of made At our adjusted cash X.X investments XXXX. debt exceptional times has in the flow at us to year-end, shareholder LTM of times $XXX.X cash flexibility with value improved low track flow record This through growth a million. generated our to X.X operating down once continues again, into EBITDA, which of new during generation provided from to we've end of net ratio, additional generation we operations.
our total in liquidity and resulting $XXX December of a of committed of million, $XXX revolving had credit availability under million balance cash approximately XX, As $XXX.X facilities of million. we
our through gross to in and is operational Turning business structurally margins we've our and in to portion sustainable well manufacturing single-family improvements of cash high-return number is directly structural Slide our higher revenues the higher related work. automation XX. margin made which step-up a margins given improved of accretive as on mix initiatives versus as to margin generation The our the revenues lower residential, more in
leverage benefits higher fixed experience depreciation, more and which to the and continue of we Additionally, labor on operating costs, offset higher semi-fixed other from indirect has our than revenues cost. manufacturing
to in gross year range We based commercial versus for mix high margins normalize XXXX expect expected the current full residential on XXs revenues. of the our our
favorable cash tight interest capital to mix which no and is balance a improvement strengthen working generation sales direct revenues our sheet the with substantial cycle The repayment. shorter from capabilities our end payments more efforts our expense single from upfront of includes of recent in result our residential and market, reduced family management, a flow
higher our family residential of We revenues driven have significantly efforts sales mix our and collection improved also days benefits outstanding, the as single discussed. our from by reduced
with enhance multiple with with our compared which, of Our to company. has of generation quarter the generation the capacity provided shareholders additional our drive turn, we for investments increase of XX% and our our financial has capabilities, value increase impressive to the efforts end second end networks the in through to in dividend production our to provided XX% of to to are additional by of cash over November us value our flexibility the by all create pleased in cash XXXX, XXXX. us very Overall, funding
ongoing value-enhancing the Based strong on on expect be for flow backloaded timing cash we year to based our which XXXX, for the of improved operations and expect tax payments our subsidiaries. we initiatives, Colombian full structurally
the Slide evolution turn we to on outlook, revenue to our number and adjusted discuss a would like I take XX. our Before to moment EBITDA of
growth realized bottom investments we a in prior have XXXX, top single in becoming company the Since grown public as years tremendously, momentum have in our the in past line of and residential addition benefits accretive our particularly results business. family to
the into and superb and sales lead delivering this an high-profile through drive few projects over times penetration our force years. market on record track helped expanded successfully significant past focused of Our maintaining growth
Our structural of innovative to multifamily activity, also product competitive expanding backlog is portfolio, which strong capitalize industry on us allowed solid have and our relationships reflected projects. commercial advantages commercial and in
to move we achieving confident exceptional year growth. XXXX, we As of in another are
Now Based the the throughout positive full year our revenue ability and outlook on moving another in XXXX. first start and Slide a to our business record for number in growth quarter XXXX, EBITDA achieve to XXXX in of we confident are the the our adjusted in XX. on year of solid momentum
the range million year our of introducing $XXX $XXX outlook million. are We for full revenue to be to XXXX in
and of midpoint. our cost XX% in we midpoint of $XXX representing expect the $XXX EBITDA this revenues, mix to the million Based the organic full outlook, outlook anticipated year to This be at XX% range at represents the a our growth of for on and sales expenses, expectations growth adjusted million, of range.
revenue gross offset XXXX, to advantages expect vertically year. mainly installation partially in increase from mix operations, an to attributable the versus the by sales, high for product range leverage higher the our be operating on structural We of XXs margins integrated in for
In transformative was summary, for another Tecnoglass. XXXX year
pressures within geographic structure, outperform from positioning through and headwinds macro and to attractive highly markets. continue cost our efficient We targeted in offset industry investments strategic a
and will questions. glass multiple leader we a open drive your flow well to we additional business. we cash line are that, profile our to happy With believe answer in XXXX, please to we generating be As architectural questions. in as avenues positioned an high move value industry the with Operator, for
