five. morning, be slide good and everyone. I'll JT, starting on Thanks,
while time the and remodel we urban strong economic construction, navigating As large improving ways construction of demand multifamily office same centers. commercial seeing at in JT family recovery inconsistent of of single seen saw the still many but mentioned, the space, in particularly generally levels some soft, fundamentals. but We've are positive, backdrop, in construction in activity signs terms new and activity in and
steel expenses based demand pricing largely seeing but all and increases manage product continuing we wallboard framing, pricing operating we Additionally, end other are in between shifts, markets. deflationary as products, inflationary and activity in while in resilient
$X.X X.X% flat a some increased provide I'll Net mind, in our billion sales conditions quarter. net market quarter increased sales related less with however, increasing X.X%. current year-over-year with Organically, ago. of to X.X% fourth one for sales roughly were daily results. sales overview that selling for the day Adjusting With details organic to year year-over-year
Commercial steel with the residential with strength led dollar of increased perspective, quarter. more to commercial wallboard an From U.S. declining sales continued in in for end X.X% in market primarily overall and of XX% revenues growth than the wallboard volumes wallboard U.S. multifamily softer X.X% resilience by a commercial offset at was for coupled growth sales pricing increase dollar prices.
heavily offsetting million each fourth XX.X% both mix, a our of XX.X% segments. these [Technical total decline increased on sales product offset per by and increases for multifamily commercial X.X% Now in wallboard $XXX.X in and increase a most comprised price looking segment, day at product quarter some volumes. XX.X% of Difficulty] results this a of basis and impacted Wallboard
decrease comprised and wallboard grew and Organically per volume. a basis a year-over-year price in day XX.X% on a sales of fourth increase quarter X.X% mix XX.X% in
of year-over-year residential wallboard the led commercial the as improved U.S. volume In growth. quarter for quarter, X.X%, with volume, a way fourth consecutive year commercial with volume terms XX.X% wallboard growth marking U.S. volumes the of ago. wallboard compared multifamily
most in and our dynamics cost given there wallboard grade, fourth a toward a remained across And that experience market. last shift a the finally, markets U.S. volumes, cost which demand utilize volume quarter. to the has to higher quarter, reduced from product. Similar been XX.X% again mix higher Plus, from wallboard in down wallboard capacity family higher single regional side small was benefit prices has supply reflecting wallboard commercial resilient the pricing
we market, see believe seen reduction cycles. be production some to resilient and to pricing synthetic and the prior more of minor are excess causing we pricing the than we've increasingly wallboard capacity are in While inflationary that to a as in into lack starting cost wallboard access environment, head in we input pressured summer, gypsum the
was realized a the X,XXX $XXX and fiscal third our from For slightly up year per the up compared average quarter, ago. wallboard feet, fourth with quarter as price square XX.X%,
single will it to in we recover than by regionally are near starts the jump that While a than XX% the several to recent homebuilders more course take the down some we to for optimistic begin regain ago. key May, by months are family are sentiments space and term still for builders time believe closings pleased permits about even Therefore, we starts as nationally, we pace. year-over-year. expressed are single But extremely medium to several see encouraged more for outlook both family to for today much and were and reverse
expect current given we headwinds of about this though prospects the coming prices Multifamily about and modest in that the robust, are residential space renewals quarters uncertainty lease stabilization and year. the degradation some likely affordability in in of expected sequential end concerns remains even market. the risk with levels bidding of solid our continue the activity issues, our to near-term. With construction half back the its is creating fiscal wallboard commercial And mind, in credit in
volumes. by in sales of and X.X% with a X.X% X.X% basis, per decrease ceiling a $XXX.X ceilings X.X% volume. per a in on from price of offset X% X.X% X.X% in benefit price sales or quarter a and or grew Fourth partially X% year-over-year comprised benefit on a a from decrease mix increased basis million day day mix Organic and
was of grid As specialties. and for period volumes lagged a demand what tile otherwise architectural
increase to sequentially see acoustical to months. tend that are volumes in starting Consistent the ceiling summer trend, we acoustical volumes in seasonally reminder, a As with June. ceiling higher
and by mix, quarter steel Organically while per XX.X% as with or sales steel year quarter sales decline in increase XX.X% a prior price partially $XXX.X on million in down basis Fourth of were a on a per day XX.X% volumes offset and basis XX.X% framing in down pricing XX.X% drove deflationary a day versus framing were decline X.X%. price X.X% increased mix, a volume. the
and with markets addition in In hospitality, commercial of to other education, experiencing activity biotech, favorable government, many our sector projects strength active multifamily, regional healthcare, are underway.
in Prices Prices with for on remain improvement a framing next a basis. expected expected XX.X% the and declines slight quarter hit were likely in products point with prices with volatile for of down their during sequential low the Fuel April. several declines year-over-year as will steel slight each specific of XX.X% sequential quarters. very March relatively
are basis. Included in which when the our sales prices for higher. a contributions the quarter of a product lumber on ago a X% X.X% XX% basis, of increased benefited of million from quarter Organically -- comprised this grew as commodity product year-over-year the with $XXX.X much fourth category lumber the sales Complementary from year segment Canadian of X.X% on products acquisitions. per same sales, X.X% quarter, compared positive we in day day or complementary were
per the grew a day fourth Excluding sales or these on lumber products, basis. in complementary products X.X% quarter X.X% net for
growth we line mentioned, which all quarter fasteners, sales and complementary fourth sales insulation and and date our on a higher EIFS or broader to JT of category the contributed same of of with basis. on growth XX.X% XX.X% tools in the combined As product focus stucco to continue growth
provided wallboard and commercial profit mix pass Gross Now as from in more Gross in higher weighted prior products steel. of product gross that with and continued particularly increased quarter. slide points period, principally XX due year as and profit of complementary million to growth a margin the multifamily compared improved sales, X.X%, incremental turning was six, wallboard XX.X%, the improved margin profitability heavily basis shift relative projects for to toward highlights benefit, inflation, acquisitions. our to which commercial $XXX.X the through
quarter we As wallboard XX%, over around to with gross the in first normalize slowdown family prices expect single our levels margins near-term moderate with XXXX. steel normal quarters, quarter first to fiscal consistent demand return next and continued margins our residential few the of more
sales to and increase $XXX.X administrative an basis to percent quarter year points as compared XX of a increased in million million, was expenses SG&A the a Selling, year general of And during prior the $XXX.X period. XX.X% from XX.X%, ago.
a of year of expense percentage XX.X% net in adjusted points SG&A as quarter. basis prior XX.X% XX sales While from the increased
single multifamily SG&A impacted and and shift between by relative soft leverage steel family deflation, mix in and commercial. the negatively was and demand price strength
end higher higher contributed to one-time this was Inflationary variance. debt While facility costs, shift a gross and a cost to margin, it for also serve. charge market year-over-year wages, operational favorable also bad requires to the
to share All share, $XX.X interest of $XX.X net to continued income outpaced our net execution the per expenses, per million quarter or for of or including quarter year per earnings program. higher increased for million X.X% a repurchase in, $X.XX the income the as diluted ago. Growth compared diluted a share result in of net income share $X.XX
average purchased an quarter, per with an cost of the average we during $XX.XX XXX,XXX the at During per shares million quarter. prior for of approximately at cost shares $XX.XX share, repurchased $XX.X compared year were $XX.X XXX,XXX share million for
we EBITDA XXXX, $XXX.X at strong $XXX.X of prior million, the quarter. price million up remains slightly $XX.XX million Adjusted an average a X.X per year just million full fiscal $XXX.X the share. in repurchased from for at For shares year
Given pressure, quarter single the framing last declines cost XX%. EBITDA decreased steel mentioned level to inflationary demand XX.X%, price adjusted and previously operating fourth the compared margin environment, year's of to family
on hand liquidity At which credit is of cash end, had and of we $XXX.X Now balance under sheet, million shifting highlighted seven. revolving on available quarter to million slide our facilities. $XXX.X our
adjusted a near-term X.X from improved debt leverage our to year X.X maturities no of times down at ago. and have end the the We times debt net EBITDA quarter
compared the prior was off Free quarter million cash capital year purchases building as certain the in with the $XXX.X equipment ago expenditures compared fourth year-over-year, a Cash year $XXX.X million was opportunistic improvements. for lease and $XXX.X from $XXX.X for quarter flow due million, leasehold with increased period. million, operating activities and to
$XX.X million, the million million, compared $X.X For $XX.X a to were expenditures with expenditures XXXX. full-year quarter, and compared were $XX.X capital fiscal capital in ago million year
We million. XXXX, approximately expenditures $XX be expect that will fiscal for capital
in down initiatives priorities favorable strategic We to conditions opportunistically capital our our our repurchases. otherwise that pillar share our and structure paying always evaluating opportunities balance market with leveraging Balancing and strengthening strategy. align investing are sheet four ensure or debt, with allocation for
end the extending maturity date by its to such, we term to As years the loan refinanced subsequent quarter, of our XXXX. seven
to interest rates, also swap We rate escalation. entered smooth future agreements into payment reduce new otherwise variability of hedge interest the exposure flows, rate and to cash interest
our solid With the successfully plans. and balance enables further these sheet, growth execution we strengthened priorities steps, our of already have strategic which
All in steel single the we XXXX XXXX. to commitment our are softness to fiscal the with deliver near-term the expansion fiscal and family of quarter same and full-year business. results to customers fourth lower poised all, for pleased am profitable drive entering in service our the Despite and I prices extremely market with best-in-class
on wide We team's offerings to markets. across expertise product our are of continue positioned to significant our to end scale, capitalize breadth all of provide our and value our
With on over JT our for a slide that, the to outlook turn starting eight. of review I'll now call
