D. Barbour
and York you and Thank RBC's morning given on water topic, President good joining us Higgins, Thank on important discussion New call. Relations Future infrastructure, of this our in Water Investor Mike morning, future-proofing a in in for this everyone. today's very is position is all Mike participating Vice Conference. market. a at panel of Strategy you, Corporate Allison,
So we Mike in New I with of this are conquering Allison and and here and Scott C. Ohio. morning charge in York in dividing
billion record year XXXX $XXX pleased to consecutive results $X.X present guidance million, on We ninth EBITDA are both respectively, ADS' of the results and and our call, at range adjusted fiscal marking revenue today's came profitability. above in
revenue nonresidential to markets, X% demand notable of significantly international of XXXX, X% second improved residential XX%, fiscal which the increase in second markets also you a and on As end the end primarily half respectively. the and infrastructure the in resulting can see due half The end second grew in year. the X, half agriculture improved improvement and Slide in market in
of just full to were decrease X% the the to in in the resulting a we improvement demand, market year partially year With able offset end revenue start weak overall.
points XXXX despite EBITDA Most year-over-year $XXX operational and to and results previous decline. capital X% management from in business and revenue fiscal the to due costs, Infiltrator the XX.X% EBITDA adjusted increased profitability to million solid Products price effective basis the of a execution portfolio, are strong performance investments better-than-expected adjusted notably, benefit XXX increased of margin business. Allied These
demonstrating Importantly, the results strong over this levels resiliency year's challenging financial to the the the our months. achieve model business of XX ADS in ability environment highlight demand profitability seen last
as in and of our business long-term of water the the outlook from for patterns, resilient the resiliency secular of which tailwinds the give ADS The we need market drive management us solutions. strength position benefit climate confidence business model changing
water in pure-play a food and As the to to of floods, company, recharging ensure critical mitigating improving scarcity a the preventing and risk products solutions and -- play improve of quality water life our role security aquifers, communities.
cost partners our with distribution are America provide, along highlight On impacts water change. in we can Slide we the has that existing and a level providing as distribution events over These over ranging products North from how across infrastructure integral States, of the events in severe resulting frequency not challenges. time XXXX, and see climate In these XX solving total upward record droughts $XX events and for the contractors to communities, local and these pace United there of hurricanes were large-scale these patterns the as and communities while the ADS, the to X, a have storm opportunities. floods on devastating The solutions trajectory you storms at storm of kept and growth climate billion. substantial also and with issues increasing expertise
the advance give management positions the leadership and to water company's us in on-site wastewater storm further septic addition, industry. a both In platform
engineered As year's XX% rainwater solve like committed the the management bringing ramp introductions the to product we solutions, as participation nearly highly this demonstrated advanced in are to this up fourth septic quarter to the product community's on-site on-site with treatment partnerships and solutions ECOPOD-NX such market. like growing our market we as toughest water Advanced products increased in ECOPOD-NX and treatment challenges. attractive
In addition, rainwater continue solutions the rainwater a partnership identify is and to off start, to promising projects. management we great harvesting
in reuse. state ADS' rainwater are team center open to influence management Construction hand engineering our country Crawford also working facility with the his in Hilliard, manufacturing product national, commercialization. brings and levels under development us one at regulations located engineering continue Ohio on resources completion nearing at throughout to to will is near and solutions guidance on and innovation protect and David and the We water to science, and local hand this water the summer. This expected headquarters enable roof accelerate corporate and to of velocity world-class technology and provide material
business, and and the engineering the partnerships -- water combination position engineering center strategic ADS' the strengthen the believe will technology We solutions as and technology investments provider. in further leading of management
out with thought would. and results. Now portfolio. Demand Products Allied came the We fourth Infiltrator of the for the expectations than it and pricing better-than-expected in the performed moving as pipe better to the strong year in continuation slightly ADS business closed we portfolio quarter performance
markets. of we the our infrastructure particular demand strength end quarter, residential growth in volume end agriculture and each this markets saw Importantly, across with
Looking rail positioned XXXX, are and airports allocated seeing IIJA, market level the funds benefit where the the from activity we for to well good markets continues roads, are at local growth. into projects. we highways, under federal and infrastructure fiscal construction the The in participate
XX over built have industry and model the has set superior we the best go-to-market as large ADS these challenging context, in a projects. well and interstate of airport several as large products works for projects. the projects in For
market single the and strong this mid-single-digit expect we for potential In activity end at market digits We upside. market to impact housing X both the remains quarter ADS grow the on on rates on single-family this at both least continue cautious also ADS the Infiltrator is XXXX Not underbuilt market growth. by and high next fiscal important remain though in and market, with infrastructure Infiltrator. was interest expect with year share at for of the further to homes an residential market the very opportunity long-term the starts, only our view into remains We but favorable. million residential
off residential we resources these of residential the building local the and XX% several installation remind dedicated land residential and Over business. resources continue relationships is in value as faster as the establish as last expertise to regional the to safer phases to developers years, trader and business business. contractors have the to provides with To and approximately closer well level. the approximately of national order ample benefits and development in at participates homebuilders ADS the large of to efforts participates is pay of and business completion total the the XX% you, ADS The market
long-term in support to business sales projects also nonresidential market grow projects expect track we single support digits, the good to the onshoring dedicated opportunity and to the reflecting have years markets, commercial we is and residential from come. we in warehouse which secular continue Finally, pursue. large on development resources a to resources that low believe and Similar to onshoring improving trends the growth and we how at for tailwind to opportunities added activity construction we
once XX.X% automation, Infiltrator mix model. of quarter, this quarter performance margin management margin the demonstrating price from this The basis investments of points improvement of efficient a more and previous as EBITDA of well XXX sales business, lines quarter continuous benefited year-over-year ninth expansion. record, including tooling, the and to costs margin the marks unfavorable in the volume, price/cost and production operations. period, Products as From perspective, adjusted margin Allied again within a quarter effective in a this in Despite fourth increased resilience business the row
note today, after As in years. in the expect margin the fiscal which EBITDA over performance repeat reflected a basis adjusted the guidance XXXX last I'll increase issued all-time record XXX X we is point to
we has In we transportation our the when Importantly, engineering we efficiency fiscal our of price several cost benefit of made the over to contributor purchased as volume the last a through well absorption achieve XXXX, over cost processes, years. past this August our as improve performance as significant from we investments will designs, couple have and benefit XXXX consistently and favorable we costs. and have expect to fixed been machinery Infiltrator, and supporting years. in of growth capital invested achieve reduce the which reap in we manufacturing Since projects without tooling capital large margin to guidance to operational
Today, these very similar a investments we for seeing of and the are playbook executing ADS. are benefits
doing are the As recall what our in investing have and competitive that exactly we is we will from about previous our strengthen to business when quarters, talked recovers market position you today.
will we manage to participation price effectively against course, market Of cost continue objectives.
growth continuing the and in competitive deliver attractive to customers to exceptional pursue also stay service will profitable products, our partnerships. through We markets while market and
With will the that, our to Scott turn over call Cottrill further to results. financial discuss I
