Thank you, Christian.
#X. Turning single-family Slide to on residential
achieved the record XXXX million we compared single-family revenues million. conditions, full prior $XX.X single-family revenues Despite to During quarter, challenging in residential $XX.X the we year residential generated macro fourth of of $XXX.X quarter. year million
primarily expansion market through year-over-year continued gains geographic periods share in broadened reflected The and offerings. product both increase
We lead expansion potential, times, key X-week entry dealer efficient expanding and which continue market, than geographic X- window with the driven share in has market. to market addressable seeing new by doubled markets showrooms strategic our more into network significant very our our vinyl with
up growing network of We toward end last of as products vinyl saw we to clients expect meet sign demand. continue deliveries XXXX pick the into existing new to year momentum leverage and our that and
#X. Looking markets at demographic on in our Slide trends main
of are XX% this expected capture operating period, construction representing to over account are that starts markets core majority states of XXXX. X growth all $XX growth We construction in through approximately combined projected the spending Texas, in Florida our are and nearly of billion for opportunities. U.S. to
for us we a and share federal spending reinforce market average to said, patterns presence. This on provide aligns focus That strong providing an additional across expansion to These strategic population geographies key still our currently tailwind population states with funding support in migration federal the growth expansion being broadened regions. our the rates Furthermore, spending are these X.X%. exceeding continued substantial trends infrastructure investment Act also our significant through don't projecting where structural high-growth with other our have should Southeast allow capture above many be infrastructure markets. where and is towards Jobs geographical and deployed ongoing demographic
our revenues revenues the XXX.X record markets, quarterly Turning periods year-over-year X.X% year XX.X% geographic for main fourth driven to $XXX.X strong activity residential and broadened by quarter in to product a while increased commercial the our to Growth multi-family came in drivers and #XX. Slide our full a of million, both from million. Total offering. increased revenue on expansion business, record single-family
Slide on $XXX.X XX%. XX.X% Adjusted million, adjusted EBITDA the an Full at representing EBITDA margin year-over-year $XX.X XXXX Looking drivers fourth year profit EBITDA for quarter a million. reached the #XX. XX.X%. of margin adjusted of to representing increased
quarter a operating profit the XX.X% margin million, profit costs, from material $XXX.X Fourth year stable gross leverage favorable stronger quarter. reflected XX.X% in rates. The margin to and million compared more representing foreign of prior pricing, margin gross gross exchange representing improvement benefits raw $XX was gross a
our Full $XX.X of to to for or range million of quarter. representing profit that $XX.X in revenue exchange year million aligning prior year mid-XX%, totaled the compared million. foreign was early low fourth of despite XX.X% with target SG&A headwinds stabilized. since XX.X% have gross quarter a year XX.X% revenue the $XXX or gross margin,
prior year the nonrecurring The SG&A primarily reflected XX.X% expenses Full a to from in personnel as related review. expenses periods both and to year percentage certain of in quarter. was revenue increased XX.X%, salary our expenses revenues and adjustments transportation compared commission from annual strategic growth, increase higher
tariff Slide our on to dynamics of view U.S. Turning aluminum #XX.
to on monitoring U.S. associated imports actively implemented the are in with goods be developments the components of XX% of We March XXXX. proposed tariffs aluminum in potentially aluminum industry-wide manufactured
of on U.S. which sources uncertain, we remain minimize tariffs implementation securing such tariffs steps the alternative by tariffs. attempt suppliers, impact be already of potential business to from any aluminum to While such from have excluded taken our would of
We XXXX coupled since industries incremental tariff growth needs. believe intensive meet despite alternative an This previous sources for production approximately need XX% our imports. domestic be with aluminum industry-wide these production to Notably, all of declined able has will has by measures. factor, aluminum in created
with the year, not again how on the projects, both incremental U.S. is given that As broader would manner while impact market manage also clients us work in inflationary last in help aluminum moderating our a we cost to mitigate production. self-sufficient demonstrated customer pricing the
a expect pressures pricing would that more industry we inflationary dynamics, broader a capacity. these of environment constrains favorable tight and result a by continued labor market As driven
presence we're dynamics, the our pricing in portfolio. product Beyond market, strategically expanding window vinyl further our diversifying
fully reinforce platform offering position These combined advantage, factors our to pricing. cost confidence our labor in our margins significant ongoing Our integrated attractive operational initiatives, collectively us vertically outlook. competitive efficiency in well with while maintain
on flow mix our Slide driven $XXX.X flow year which single-family balance retainage. We cash strong higher shorter with full a and management feature million record and upfront our and cash by for examining sales revenues, of the effective operating working sheet payments capital cycle XXXX, generated residential Now of #XX.
a and in Miami flagship showroom to Capital expenditures of included payment incremental scheduled headquarters efficiency investments $XX.X on payments for activity. and previous business drive investments million
to generation value enhances return and create Our strong to cash shareholders. our ability
on XX.X muster available we in still repurchase free million During $XX program, return which opportunistically where share [ authorization. $XX.X to increased dividends we execute the the cash cash allowed through under million recently our approximately flow position year, million well ] generated have and to us us
ended Given cash repaying $XX the position debt million in throughout the after net a of year we strong generation, cash our year.
a revolving million, we million. committed XX, maintained cash December of liquidity million balance availability and $XXX $XXX $XXX of of credit approximately of total facilities under As providing
our Slide the above broader very provide highlight growing multiple On industry to cash returns our industry-leading X-year our additional flows value. and on and operational basis. levers a pleased creation. Compared significantly with trailing value remain capabilities, drive strong our we successful We group, generate cash margins #XX, shareholder reflects investments superior strategic This to generation which peer delivered initiatives. to ability have outperformance
our on $X.XX billion for the entirely outlook performance on year we're in strong Based midpoint of year-end growth Now, million XXXX approximately through the be to our moving to momentum range. our and introducing #XX. XX% to at $XXX range outlook during of the full Slide XXXX, representing organic of revenues
to introducing million million. $XXX adjusted target Additionally, we're our EBITDA to range of a $XXX
continued above the Our residential with assumes in peso. million. high-end the revenues high gross growth improved X,XXX. spending, commercial rates tariffs a potential stronger $XX our mortgage Colombian XXs favorable expecting single-digit mid- headwinds of to and range, rates rates by Colombian broader or and approximately aluminum The downward trends benefiting revenues implementation peso in in activity low projects exchange and vinyl from higher in end We're supported legacy rates, also construction impacting contemplates interest interest short-term margins outlook reaching our of at range foreign high
margin scenario, low of in XX% we approximately low range. final assume gross million at single-digit and revenues, this to flat legacy residential growth $XX the Under revenues
environment, offset these While some high-end from to in Colombia, efficiency mandated pressures largely increased earlier. operating I X% tied margin as we Florida installation activity to [ gains continued by and be pricing we impacts salary favorable discussed revenues expect a ] more leverage, in in condo anticipate increase
our On we fixed SG&A costs help to anticipate impact the leveraging wage increases. the of front, mitigate
offices. the CapEx We of which year initiatives end further range new flagship million of showroom in be $XX to expect executive previous efficiency free million, as investments, expenditures Capital another the our flow of maintenance cash tail Miami generation. are and investments as includes $XX strong in well projected and to
Working business. will growing source cash as capital To be installation further offset residential markets. [ a our in we continue to penetrate be this conversion to cycles cash of by particularly ] longer
performance XXXX Tecnoglass' In full and excellence. market showcased our fourth leadership quarter year conclusion, operational and
strong and success We record with [ industry-leading answer XXXX levels. our with entered your business open strength progress with This backlog the initiatives. our XXXX confidence orders QX QX of another expansion continued vinyl our the profitable and questions. we invoicing will geographic strategic above Our window in year strong trending our delivering revenues, that, in combined happy margins to With in momentum growth. reflect support core questions. for markets line Operator, please be of ]
