fiscal $X.X to J.T., everyone. Net product on categories price basis across for as a Commercial turned while positive quarter in you, with Slide X.X% year have deflation, for prior our billion sales our and quarter solid million steel, per year-over-year prices. major for a X.X% growth and with activity helped X. at day to Starting demand. multifamily or been good corner notably increased volume $XX Thank morning, estimated sold including the growth year assuming offset remained single-family current volumes levels an fourth
Our quarter's acquisitions, such as contributed our top EMJ positively recent also to AMW, results. Kamco, line and
per consolidated to day greater-than-expected of XXXX. year-over-year continued market on From fiscal Organically, quarter same-day compared X% steel the a grew grew a dollars and U.S. basis a or price perspective, despite sales basis commercial fourth sales X% on end deflation. X.X%
in compared year day had robust fourth the in a solid, anticipated, marked sales but year-over-year positive of the growth the X.X% fourth time Single-family fiscal for improvement the the compared to as day fall Wallboard, with with to quarter principally a overall per XXXX, growth as little XXXX. steel X.X% comparison on turning volumes, remained slower particularly of since with activity first sales than Multifamily calendar also per showed we quarter dollars ago.
dollars X.X%. sales $XXX X.X% year basis, Wallboard X.X% or volumes up X.X% period last the up on were same volumes of multifamily per million and a day over with up commercial
prior positive of quarter Wallboard were expected, the X.X% last decline As as in since price per basis, the for time fourth as X% or with volume, year. XXXX, turned this fourth of year fiscal a Wallboard increase per first our of X.X% X.X% the by the also comprised Organically, day quarter volume single-family on with in compared a and growth quarter compared of quarter. day mix sales up board volumes with X.X% partially period offset single-family greater comprised portion sales a a
single-family the market. dynamics, the calendar throughout slowdown resilient year Wallboard despite the year-over-year given XXXX expected, supply various pricing side in remained As
Wallboard feet Wallboard quarter but shift outperformance our fourth mix as from the end slightly greater the single-family of square construction. volumes a the same the that a to third from towards $XXX period in X.X% For the in realized average ago up less-expensive down fiscal per used led quarter, forward market's was year price X,XXX
prices said in realization past manufacturer lag our as the price announced would we expect those market. increases typically in Moreover, we between and a quarters, of
will fiscal year-over-year pricing As still while us teams the late of flat some expect year. our implementing Wallboard we the result in calendar of likely the earlier several are such, we for continued quarter, mix first remaining roughly in combined, our benefits increases pricing which in Therefore, the this shifts, next also expect announced process see quarters. to for
with to the operating expect pricing increases, do capacity expected term, particularly momentum, which alleviate are together being to made in raw we Longer additions by gypsum, gains cost tight should conditions some help wallboard material minimal the single-family drive little demand once higher and improvements. further manufacturing space
per and grew in million on up price and per with X.X% XX.X% or $XXX.X the in XX.X% Ceilings sales X.X% in on day XX.X% X.X% increase basis, Ceiling or in X.X% quarter increase and Organic increases were a strong basis of mix. mix. day volume in fourth of in a a XX.X% sales a and price volume with
or particularly expectations a sales Framing of pricing same-day volumes and quarter XX.X% below prior due $XXX.X certain drove in were X.X%. price but a Framing to the basis same-day X% basis, X.X% million X.X% an late down on mix, deflationary versus while quarter down Fourth Still a partially in Steel a in healthy, and sales our as were increased slower increase by year in offset on X.X% price the markets, Organically, multifamily Steel conditions decline quarter. in XX.X% volume. with mix, decline
our either historically. end Until remodeling commercial true projects be or space, will market office the less we mix are commercial a predictable a activity see steel as likely larger applications driving in continue of been has other some real greater recovery higher of than and portion volumes to
longer Steel Broadly for we speaking, expected. have than for prices would and further retreated Framing
quarter, XX.X% market. flat take And the compared For a ago were price roughly the by time on products potential to basis. multiple formers, some any framing year fourth received down have realize the steel were increase a although acceptance sequential we prices it notices will to from but for
or As to in of remainder Framing at quarters. Steel the a soften through around result, QX, slightly, before at levels sequentially we end monthly least subsequent the prices quarter expect flattening
X.X% a of product for & particularly Tools Complementary X.X% the sales priority and strategic be On basis, on element quarter Insulation, Stucco and as XXth grew for quarter. basis, year-over-year for Products, Expansion category. for XX.X% X% sales the Complementary grew per and of growth Fasteners, to this quarter representing EIFS of total X.X% a for Product organic of was sales. categories and consecutive an key total those our complementary million continues for day growth $XXX.X in organic the
quarter. $XXX.X our recent the turning which partially lines, profitability quarter the to acquisitions increased for Slide pricing. and X.X% in primarily improved of the all favorable prior steel highlights million quarter by we to year our to profit the product of X, offset dynamics due of delivered the during our Now volumes compared Gross impact across major deflationary
partially year Gross margin million to Cost purchase quarter. related points its gross estimated of margin accounting for of fair price these quarter. incentives. Absent basis down quarter Kamco mix lag, have for the negative compared expectations XX our a fiscal adjustments, quarter XX.X% favorable to implementation the deflation, offset our acquired value. also and inventory competitive These price adjustments primarily would year to sales been steel of also prior as XX% ago, related XX.X% was Together primarily margins fourth to to noncash ago. by $X.X included were a gross adjustments, dynamics with dampened $X.X the for impact as volume-driven million fourth with the traditional compared increase
costs SG&A the related million expenses expenses contributing were quarter, openings. to primarily prior the Selling, million of over increase administrative our and higher Also acquisitions some year going the to to quarter, greenfield and general $X pressures for also $XXX.X for $XX.X with an wages into recent the a labor in Relative on quarter, reserve our increased were expense. debt expectations included inflationary SG&A favorable and benefits. fourth bad coupled million volumes,
mostly deflation. SG&A sales sales Increased product change reduced basis as XX.X% leverage with of of a percentage increase as prior basis basis of yard XX.X% percentage and from an revenue Adjusted some the Approximately of quarter. a in the resulting impacted to XX.X%, for points price the was from was to XX well of and primarily of basis due leverage costs, result volumes XX fiscal SG&A points of benefits an XX pressure net as acquisitions points XXXX, other recent net inflationary attributable as basis XX of quarter wages, year negatively costs, points remaining estimated increased as XX in expense openings. by a the these greenfield SG&A our variance points. improved
to the ago. diluted increase inclusive a decreased income of diluted XX.X% per net for expense, income expense in, year or X.X% compared income quarter a million or per All net share, a interest share tax of XX.X% in to $X.XX in million $XX.X $X.XX and increase $XX.X
result the in tax onetime were company's contributing to and the deferred write-off State in an primarily jurisdictions, increase the quarter, apportionment acquisitions with an higher fees deferred income together resulted that taxes higher-tax a in Also the in connection increase of of in depreciation discount of liability. to decrease financing loan in was expense net debt our term and a with revaluation refinancing.
until benefit Over million refinancing May expiration net $X.X approximately the income in per term, is loan's longer of expected year to XXXX. this the by
consistent For rate XXXX, we tax that expect the 'XX. with full our be year FY of to of
as decreased fourth compared to compared margin X% ago, $XXX.X $X.X a to adjusted or and million XX.X% XX.X%. EBITDA with quarter EBITDA year's million of decreased of last Adjusted year level
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We net the than have the for fiscal was quarter no Last maturities, end near-term adjusted X.Xx. X.Xx, transaction. debt EBITDA the was debt leverage following at the the end quarter Kamco of leverage year's indicated XXXX our fourth better of at and
mentioned, purchase million or track USD subsequent our agreement near consistent be Supply With the entered or Company over XXX% J.T. multiple. price transaction million. at an to XXX.X up price to of and the about CAD market of years, more the GMS' the fourth we next of with XXX stock to is X/X value the As the record Affiliates paid than into of acquiring to X quarter, end Yvon purchase a fiscal for acquire of of our
XXX USD Canadian slightly next month, operations. exchange expect months XX excess in This line at is million net XXX to expected we XXXX, which be margin-accretive, our broader CAD to of with revenues under in just For which transaction, February Yvon the rates. is close ended generated million, XX, current
to expect and ABL, FY leverage of to this 'XX. with cash We on from ratio all just equal, borrowings raise improvement an with net initially our over under expect adjusted course we else our the would, debt fund transaction EBITDA Xx which hand expected being X.Xx over
during traditionally same year million generated team cash $XXX.X the for Our fourth for by to Free we fourth cash million $XXX.X to do year. the quarter our million fiscal flow compared was Cash a was significant as compared million $XXX.X flow last quarter. activities provided period $XXX.X ago. operating
EBITDA. for of cash quarter the flow Free adjusted XXX.X% totaled
operating we of million, by flow XX.X% EBITDA, year, free expectations. full activities representing our of $XXX.X adjusted exceeding and provided cash the cash For generated million $XXX of
Capital of year ago. million expenditures compared the for to $XX.X a million quarter $XX.X
For the authorization capital full another to $XX stock between remaining million year XXX,XXX XX. shares We April during of share million. of $XXX.X we $XX million expenditures repurchase expect of fiscal the quarter for XXXX, had million repurchased and at and total $XX
to Looking capital opportunistically program. buyback allocation return M&A to our also while our to forward, and approach balanced we of with investment expect share value shareholders our through seeking our continued continue attractive in business opportunities
and solid no a sheet with the an providing for have an attractive continued our We foundation execution balance effective priorities. capital strategic near-term structure, of in maturities
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