our begin in today's his turn at for market a results John Good Leslie. some days it remarks thank with joining us and then call Lynn morning few will on to Thanks, detail. will of I a over you then cover GMS. highlights here our financial today. review and more commentary, and early operating for
for your open then questions. will We the line
points growth net to and over sales X, slide of reflected as very wallboard, volume product fiscal activity of a volumes Turning X% record groups, EBITDA to pricing finish to during strong growth result States. three all are fiscal quarter. and adjusted our for the XXXX United fourth Organic with across of of in higher fourth deliver a our quarter including sales pleased the in strong we
for sales, Our broad in X.X% wallboard to growth key Other each the X.X% ceilings quarter strong framing. and with of organic were in organically our story. growth growth and of continue product net our across a XX.X% they in lines product up also steel growth based revenue be part of sales X.X% was growth
generated increase fourth in acquisition, accounting. to record On year-over-year operational our favorable the reflected a focus The increase on our EBITDA results nearly base also from fiscal adjusted quarter. the contributions profitability continued the business, lease improvements for and million front, XX% in Titan we with XX.X growth
our in now United some business softness our in and sharing the to in the weather In spend Canadian view both earlier of about I'd to a a experienced some currency impacted States. like sales current normalize. in the current from markets on family the sector continued of And for based depreciation believe Coupled with single X% challenging Canadian Canada Canada with on conditions decline quarter, moments residential end market. our quarter, fourth time year-over-year a the market this a the take further will year-over-year. constant business Canadian to we in basis dollar it high Canadian impact forecast, be digit our few single by the
Canada and remains continues remain Canadian including population sound, solid the and household contributing activity a be operating accretive in the positive long formation Also economic growth. to housing to Nonetheless, Titan note, commercial demand strong fundamentals results. to term our and on consolidated
platform and including creation geographic in attractive expansion acquisition Canada this for the that of strong. in importance our acquisition remains well firmly for very remains market growth. term strategic thesis scale attractive and increased We highly into Canadian of long balanced strategic the investment America, Our the footprint distributor compelling, rationale believe North for of largest a
in WSB On pleased GMS management Executive Titan. our the our role integral leader to that Skrepnek, an of the Canada, very Vice Travis Titan of our succession WSB part team part be acquisition Canadian in in ongoing the importance President in joining of appointment will this organizational to is President Canada we Development ‘XX to and new of most are and and front June of Doug planning. Corporate operation was reflects announce at recently Travis of Vice his as Hendren, reporting President strategic
’XX, will with the As assume remaining part business. consulting transitions of to President the Travis after the the WSB of moves Doug role, a the succession plans balance Travis consulting Doug of closely position And Titan. will Doug over of work role, in as for Titan, into engaged
and ‘XX In of volume we market the continue quite we that States, view. the by leading The to daily sales improvements levels be continuing United first the seen organic into further quarter other activity encouraged quarter indicators. in each in and fourth validates month have
US positive. are healthy housing supply, remains of continue building it anticipated, seen indicators softer below far appreciation to markets have As the remained moderate, and of at growth seasonal averages. mortgage to major generally and while in single than we ‘XX perhaps residential and demand family rates Employment pertains so have very and income as calendar starts have levels remain many construction, historical price in the home limited
All bodes well long term the of which for outlook.
the indicators growth which point business, against commercial most of represents majority healthy economy. and a our to And the of continued estimates front, backdrop the on
of in very and calendar this robust own business hear calendar through and from that with key quotes commercial seeing to our I going to geographies, pipelines are are and locations beyond. our own XXXX continued are have in people the in In customers activity. backlogs strong multiple quote many visits into We recent our ‘XX
to EBITDA, business the the execute time, times and allocation, through million us GMS quarter enabled at approach to our X.X the expanding net generated and flow forma continue cash our our Greenfield leverage our in X repurchasing quarter adjusted of including acquisitions balanced investments, million, to in same XX strong to of free on common pro which capital stock. reducing while
Louisiana acquisition locations Virginia; earlier quarter, Drywall Commercial in end to Pennsylvania Group and as Builders Subsequent and the fourth the month, announced Supply we quarter, South of Harrisburg, Fredericksburg, Southern Greenfield Maine. in of the in we fiscal Hart the & and Texas; Carrollton, Texas. this Portland, four closed During Acoustical opened acquired on
Greenfields, As debt share strategies actions, acquisitions our evidenced all opportunistic growth these repurchases. allocation and through reduction, on of are capital by we of and executing disciplined
to the We on made highlights several for fronts. year progress a number and of slide to X, year very which both operationally I'd significant strategically. XXXX, important a Turning was provide like fiscal the full recap for GMS,
deployed million generated leadership points eight reducing year Titan in adjusted completed X capital net of stock. XXX strategy, and in free acquisitions cash with by our both X.X basis our leverage First, and million since the billion through of investing including in noted, EBITDA flow. which and times, closing scale we WSB growth surpassed by in sales expanded materially organic a additional and two extended America profitability, XXX net We And X.X%. margins repurchasing our Greenfield acquisitions. Canada, acquisition XX.X a transaction expansions We balanced footprint. in just common expanding the I ago, allocation year-over-year we as significantly of overall North position We to improved Titan
and in IPO GMS XXXX. call, XXXX, at be my we that XX in the year take a throughout wanted the earnings from to in since GMS moments GMS. Since Since from my reflect on of a expanded grown to my will August I announced, previously career Canada. joining retiring growth XXX branches states have company's only locations not is seen, XX this last in we career here, about to I few XX XX but over also As have states I to after
sales than annual we XXX fiscal adjusted completed our by opened since yards. million the were time last acquisitions I XX and at XX Our in increased the just have almost XX%, more with EBITDA, branches and IPO, Greenfield sales doubled years, XX the joined three our
It and very paced a here. rewarding fast has time been definitely
and continues corporate number distributor our shareholders team entire highlight my opportunity the and North products the business together, also Now building specialty to GMS the working be we of unique with the the continued one my that all of of career. extremely having alongside you the built over dedicated been many years greatest their work proud has privilege developed very, of I've American have talented appreciated on to special. a thank very that interior for and I call culture support. and I'm today,
another logistics and to in May strong place range M&A. I nearly XX years as and in that planning and GMS us distribution as strategic upon GMS the sales, company’s operations, job is experience the through John, heights and as leadership, with next role CEO until who to broad GMS and even service, President with industry will track right has build brings my in look ahead. assume the forward, Having the in to success to the retirement, he and confident well his achieve future. travel work also GMS seeing forward raise John positioned of meetings that accomplish greater years look last few team in I to phase forward months, extensive upon and customer distribution retirement manufacturing my the Going growth of continuing expertise well gotten I'm to to closely and our joined and a the of over to team know its record. absolutely what
John. to over it turn now I'll
