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ever we a on some in where throughout and doubling than years including were six To evolved you pro company as from XXXX. residential basis, with and it’s forma revenue and again commercial forma We’ve Distribution EBITDA in XX%, pro by environment, operating our Specialty expansion XX% single exceptionally in about our margin now XXXX. important, we’ve of representing to basis, business, our more also distribution our the housing. demonstrated Perhaps any strong organization. Canada, into successfully as to focus which, ability of industrial when expansion services, on for XX% XX%, and operational every ago, expanded points, network very X%. rate, year. regards year a and injury work revenue evidenced we over compared Revenue driving XX.X%, capabilities our with adjustments, capital and XXX delivered achieve our our the including was model year on mechanical to the and reporting seasoned increases and through include, adjusted needs our respectively. resources companies, our labor strength XX the team, XXXX, margins of price insulation increased demonstrated while also end-market of Full material and our billion safety our personal operating constraints leading basis growth. our best insulation International, and material EBITDA and and to For both productive. to full-year our to profitable objective Highlights customers, XXXX business we management again DI, of diversified putting meet TopBuild successfully public approximately maintaining our accounts went network, of or our $X also versus XX% moving We’ve across selling managing efficiencies the as cost appropriate distributor managing outperform industrial of give the specialty broadening insulation, derived expanded establishing was acquisition context, on adjusted entering Distribution with XXX a most Today,
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it As is going really far as stages, the well. early in still while integration, the
of similar focused we’re the talented ahead possible Making in schedule. integrity, forged some operational culture and our working a fact, even are by safety, teams success of together, In areas, closely on strengths operating this efficiency.
inflation this the increased the team both will legacy of to Partners have which ownership, insulation increases to had XX% factors XX chain customer $XX foam. other in material material about synergies an Foam, continues XX last We spray and months million outstanding quarter Spray strong run-rate margin sales, by fiberglass and Volume XX to supply months. the constraints the and over successfully last in our prices are represents September. with pricing. significantly $XX was we our with in face challenged challenges, growth cost highly Service we as when of balanced of outlined million as expansion confident transaction first also announced year, achieve we
this We situation the of are back half hopeful in ease will the year.
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to are that commercial year, segment safety I We same-branch delays growth business continued the cover about site each saw take performance. remarks. want safety Rob to more minute to project revenue TruTeam’s full job and COVID prepared material due also despite will TopBuild’s do details a positive for for constraints. pleased in talk his protocols industrywide
mentioned reported As ever with we injury best year rate. I to earlier, safety our our regards
a XXXX, culture it’s of and this our job our indicator is visited programs. sites our adoption With safety the code rate believe the choice. over since ethics. of each incident has and an safety culture downward important in effectiveness not declined of steadily and we Our safety engrained our trend of XX,XXX day, just is
and management’s Our personal proud over am compensation within this to hearts is portion passionate and integrating our culture, the leadership safety XXX everyone of really of TopBuild. lifestyle of of and locations safety tied metric. team to zero-incident a maintain and a safety a strive I at their for minds
distribution serving and added the Tonks Montana fourth Insulating four the allocation focused Earlier XXXX, month, and and fragmented installer Billings including acquisitions end-markets companies. we our a Insulation, Shepherds put DI, Insulation, Northern to generates are All cash and remain quality insulation of in acquiring On completed residential free highly XX opportunities Wyoming We work. the three Products. flow markets. and business high on residential front, Insulation, quarter; strong in to this our present great commercial the capital specialty that we installation
number $XX.X the active front remain while we our M&A approximately stock integration we priority. common over one successful shares also the end-markets, on just is expect our to DI repurchased for However, XXX,XXX all XXXX, three million. In in of of
and million free reflecting of the in our and in our place, efficiency have program strong We TopBuild, of optimizing capital share flow confidence long-term the both cash the our firm future $XXX to repurchase our management commitment structure. potential of board position, a
like discuss journey. we where ESG I’d and to in Next, ESG briefly our our are initiatives
provide comprised ESG newly the of we residential, and who our industrial by and our expanded our to single commercial, have and The efficiency our of is sustainability year, an regarding to ESG-friendly. our appointed Last program demographics, General ESG is diversity Directors. every initiatives, reports and Company’s executive and lost formal committee and a ESG Counsel. officers, we disclosures year’s The incident our improved directly Board workforce locations OSHA insulation and inherently XXK, established including me, business rates. install products conditions time a First of thousands we program foremost, environmental our leader distribute, day. by managed energy this overseen inclusion recordable and In
Our quarter. publish our second Report Sustainability in plan is XXXX to the
an on be will committed to ongoing our stakeholders the informed and of of and are additional inclusive our providing information We reporting, keeping our basis. quality acquisitions,
good we The As our has are believe likelihood insulation. construction be optimistic of will acquisition core at residential within interest the year We it TopBuild. of opportunities XXXX, despite look will enhanced rate new for further that DI strong, business, we remain our hikes. growth another
sales to optimistic labor and demand. customers Housing cycle. and still to are restricting extremely builder due to Our continue is continue tight, constraints be outsized inventory build and elongate material the
delta to Our and backlog completions widen. growing and as the is starts between continues is strong very
Turning back is COVID to which of our on commercial get wanes, threat for the track. construction indicate as our should outlook business, statistics occurring, commercial
productivity. capital providing in our to for we believe will we I remains and business. drive priority be backlog commercial the both And Operationally, have one on labor we and operational earlier, and maintenance end-markets, bidding Strategic new solid aspect growth implement that our to allocation strengthen, finally, We insulation efficiency important activity a focused remain growth. and continue expect initiatives improve continue will demand including in projected as opportunities sales acquisitions end-market, areas projects remain work. mechanical codes TopBuild’s solid all and repair energy this and number strong. to and of will continuing for of And, industrial mentioned an
John for to key of call and creating I CFO track his turning stakeholders. role in friend, John, a and over has years. last and end partnership retiring as a to our growth strategic the at and success, really that the our over him an consider I colleague you, record his of is built this appreciate want John. outstanding as has the note of Thank value a played call is he March. TopBuild, earnings Before
