compared our speaking profit, increased I with Peter. adjusted you the which margin, quarter fourth after prior to of EBITDA period. gross net XXXX all in to and year be our income, gross excited Thanks, am
we versus that the year X.X% to commodities transformation in quarter our on with our quarter XXst, the quarter success net The attributable XXXX, progress same as decrease fourth December signs $XXX.X and laid key for decreased million earnings from our these to revenue third our November, businesses. $XXX.X revenue metrics.
I’ll already fourth call about plan XXXX. have of financial the begun was to speak the see as million, from in in processing our in chicken quarter. deflationary ended start period Net out for prior key well We exit of in pressure primarily operational during will results our I
approximately expenses by due plan. offset and million Distribution, $XX.X compared quarter basis labor improvement $XX to to The centralized million from were a XX.X% to by Gross to $XX.X to XXXX fees the profit fourth margins expenses category and in million of decreased costs. to gross of administrative to for related were fourth payroll profit The Seafood the increased the successful points selling, reduced in for of increased execution for XXXX. due prior professional increase was X.X% higher XX.X%. partially the XXX quarter quarter, and lower $XX.X purchasing primarily quarter year million and the attributable
the of and to lower a XX.X% Distribution, revenue increased lower decreased amounts and $XX.X expenses. loss distribution, of million year primarily administrative Operating quarter net million period, XX.X% partially driven of fees $X.X in XXXX for income administrative the fourth professional due offset increase settlement headcount. fourth selling, reduced quarter compared fourth we was prior XXXX. for million percentage of quarter received of the selling The was a totaling by professional our by net the to as $XX XXXX, which the expenses fees. to During from and
The partially The million to generated $X.X the the was million program. driven revenue Poultry, year and centralized administrative $X.X profit. Total prior additional the by offset lesser XX.X% by was in million $X.X was distribution, million revenue million prior in million and partially settlement.
I’ll $XX.X was $XX.X loss was compared value points the year to fourth ended a and XX.X% higher for in X.X% decrease rate full for million primarily lower The and selling year, Seafood successful Sealand gross million, decreased and increased full expense, million primarily due increase of Operating $X.X prior of XXXX. in to higher at December interest prior and to of of the for and the to driven swap offset of income period. prior to to from the and prior period. net was Meat X.X% as in expense acquisition results quarter, partially partially specialty loss year value same year. to for the period. decreases for to swaps, fair compared driven year, EBITDA expenses volume income net contracts year in extent, $X net due of lower $X.X billion interest change increased net million and to The prior acquisition total XXXX XXXX, decreased attributable profit. increased the were and versus the XXst, was XXXX. fourth offset was a decrease settlement net approximately XX net increased and $XXX year decreased $X.X higher by the expense million to generated to gross for primarily categories. in Net by to the for in primarily slight $XX.X to in in now for and income The quarter. for billion income revenue interest net Seafood prior in increased the full for the Total our $X.X margin of by million.
Adjusted the $X.X increased turn million million full revenue in for quarter. Meat the amounts, the year compared interest $XX.X Net XXXX. offset The to million for a The due was Sealand the a net $X.XX quarter of to compared the that increased XXX% year million selling to interest Other interest in revenue the the increase closed compared Gross Poultry fourth primarily $XXX Adjusted well year. year.
Distribution, to $X.X $X.X administrative Packaging income flat the income lease XXXX. Seafood benefits. expense in of change year $X.XX in to fair the April from increased Other, by to year adjusted million to guarantee revenue attributable XX.X% Asian to to income to profit Net The in quarter costs, $X.X the prior EBITDA due expense, million tax basis year. by profit and quarter. the the the for year decreased execution the compared increase the rate quarter decrease decrease to change the in of Gross Packaging $XX.X compared compared as in EBITDA net was realized approximately million for full million declines $XX.X decline purchasing fourth million, the full period in Improved $XXX.X
quarter Turning full balance very through our the with and available our At to liquidity. the sheet capacity year, of an had We we comfortable current on update line credit. million of additional $XX.X fourth our and liquidity. of in the end feel funds
progress centralized we've some As excited have to we we specifically share Seafood to plan a transformation I meaningful implemented in purchasing, a with reminder, our the targets. growth of have made. On categories. progress begun centralized achieve you certain operational purchasing, to make with comprehensive am recent
new in that This market in the also the our and chicken specializes quality resulted have products. region. States consolidated processing has vendor for a chicken partnered We our and purchases eastern pricing for United with better in
we expanding purchasing to XXXX. centralized U.S., in produce our are and commodities this now categories our and expand to both working on into We model expect initiatives western the
in XPL provider. national transportation, operational On efficiency establish agreement to entered are and we reputable improved a strategic system. that our and unified is long-term excited that we into February, a a announce fleet This and transportation partnership and us large a enhance will help with
lower fleet a operating implemented the truck to fuel to of will our efficiency fuel costs. replacement to also national improve with order, We our initial goal efficiency we have and initiate XX% enable increase and us aging finalized which program Furthermore, the savings costs. for purchase program have reduce
transformation, our greater financial We transformation, expect modern to that program of across to years.
On over very discussed go-live well we and months.
On we ERP to is our a as XX upgrades. all next implementation making. efficiencies digital next driven implementing the complete drive within the and to recent for several going are sites expect provide for data complement we systems with the The facility previously solution pilot decision complete replacement piloting and digital
based recall, study the may making and it our are findings. align optimize in have is a our The to complete we network facility its strategic now on study of you distribution conducting goals. As been and decisions and with we network process
converting usage cross-selling certain to be of capitalize respective allow distribution on supply that demand full a in improve of their broadline and us our and in centers efficiency distribution the facilities can high products changes, With the we upcoming are that This centers. wide will will and facilities to opportunities range regions.
forward an which currently facility the key We a coming sharing space broadline we convert in functionality new further into to quarters. open working existing are broadline also in look markets, and updates to
our storing transfer allow from to docks, truck ways that of facilities is distribution us one by the improving to them. which another without utilizing we One are are network cross products
Ohio, have delivery such and to Texas, cross reduce docks which and strategic levels, in inventory locations costs, us as enable California, Vegas, times. transportation Las We
more adding makes it our we sense, continue as to We cross where are make docks and streamline operations efficient.
and In deliver we plan and fully approach touch efficiencies preferred to sustainable regularly us we executing order to growth believe for diligently to long-term in our briefly food have and established explore the divested we first reminder, we we we the XXXX, for I processing what coast, low-margin the to and our two now commitment of our XXXX core business as infrastructure far west exiting pleased place transformation we corporate stage with on accomplished our businesses. poultry part in to set have our am are M&A achieve targets as in refocusing ourselves our value so potential many As Asian have strategy, acquirer distributors, shareholders.
To east with to and as the growth businesses plan, have success. a committed on on opportunities.
exploring using are We offering that one-stop-shop expand restaurants a with geographically.
To with States, them across are to believe products specialty sum an We the opportunity enabling synergies combines a national it serve up, presence connection markets we will deliver of M&A them quality into and a products at us provide to and new We realize United affordable enable regions. our their expand scale, and restaurant M&A owners that as to thousands cultural for strategy partner customers trusted authentic significant high-quality experiences. friendly our prices.
favorable capitalize on to market for demand by Asian driven well-positioned are trends demographics. the and food, We growing
and experience infrastructure, our We growth. support knowledge, industry the have to
over into our an and satisfaction us annually. net helped our revenue billion loyalty their enterprise to $X.X of deep Foods generates build customers' to understanding have that needs, HF Thanks of
to grow profile revenue. margins long-term attractive, Our strategy a expand is clear with financial and
are to growth. focused on continue executing transformation our plan as We operations we improve pursue laser to
of transformation far will our the our in success a call earnings of quarter reflect you everyone look plan. you to progress Thank so and proud with We our are forward upcoming operational and the metrics again on progress and on our speaking updating believe financial We you day. quarters. have first that great our
