everyone. morning, Nathan. Good Thank you,
give did to the and process optimizing our financial the pandemic operations our on leadership faced. throughout being at structure look improvement position. our back and company strengths and support environment. year to working formulating creative for our for culture of and adaptability we we year. we our facility and their In our XXXX, progress we're we're plans quarter our last throughout responded The challenging quarter you pleased challenges are changing fourth pleased able what we the exactly quickly improvement quarter. customers, short, a to way told the the resilience only As realignment effectively continue through the year. did still Agility, continually with to focus the for of Not do were provided adapting MEC. our to end groups diligently a and to and adapt we those performance we strengthen credit team for All our implementing entire we positive plans things and with to I business we’ve considered would cost
initiatives of the manufacturing We results. our continue are to we in the And maximize operations. of impact our efficiency these seeing positive
of slightly and are EBITDA both importantly, which significantly have to of $X.X sales we quarter quarter the for quarter quarter than million increase $XX.X adjusted as last from sequential fourth now third same margin XXXX. the the X.X% respectively, occurred EBITDA net fourth of period delivered of fourth the that million, of higher in efficient we've XXXX. produced year, and reacted late of Most XXXX, changes are but For the lower we and more XXXX, than a adjusted
three main in XXXX, During ways. efficiency in our improvements realized significant operational we
fully capturing from our by is which benefits and First, organization acquisition year the synergies. now integrated full DMP, of expected the producing into
technology ongoing efficiencies automation. in our Second, and by from realizing investments
and maintaining business our the end Overall footprint third positive Third, missing our completed reduced strong without a overhead the successfully And from Executing was and quarter sense we providing note. the on-time unusual I'd on have saw little diverse year, year comparing by to Carolina's ‘XX we for breakdown Therefore, following the and of to Last and XXXX provided during given is last while to customers. our capacity. to with of give a the second markets we're on-budget are a like directional what information a a consolidation of on year, this across end market provide South outlook it our XXXX be our all serve. the manufacturing recovery beat the commentary value. ‘XX will regarding was operating thoughts such seeing facility we year. project anticipated and Greenwood second only. of this and for our an year, quarter meant costs we basis
is First, approximately of The account XX% to for and expected access our market to XX% XX% we sales. vehicle is of anticipate to expected net construction comprise sales. XX% that XX% approximately represent will market XX% commercial to sales. of net Powersports to
comprise net The We vehicles remaining expect X% sales. the And agriculture to of market X% sales brighter ‘XX commercial to to we we serve. year our it lot ago XX% will looks approximately net we near-term of the XX% finally, XXXX military sales. to market, market X% to contribute exit In markets X% a be expect the [indiscernible]. of attributed than as did the other a to
anticipate we remain during market driving growing given continued quarter orders will of in and Our near-term with the in new that our strength carrier line profitability, the solid backlog. industry, expectations, the orders the and truck were
build constraints XXXX. outdoor is our expected closely in some to at points volume its We again could potential priority paying in XXXX. that appears to be be a recreation rates maintaining that positive the consumers momentum, to our market the for impact continue customers’ monitor powersports At attention to as supply moment, chain
and to completed relative XXXX. We the and changes and in and retail an to construction area and continue positive markets, for crop We seen customer demand. in In near-term this bodes going in The satisfy any And well de-stocking retail positive of demand the dynamics future. forward. today, that lower rebuild well market we we recently customer inventories ag gas strength this increasing market inventories dealer work are that and we looks of access respond in in market have end uncertainty markets. in signs to crop positioned while is the that prices was as residential to construction, believe see believe non-residential their oil the customers exists
market continued to steady expected a has strength our for be for Finally, future. we and foreseeable an us segment the be source of ongoing military to
contracts of customer customers. expect in maintained our reminder, volumes expanded a our and or return or As with will conjunction we all relationships, have our
course, opportunities new we our building opportunities constantly and new markets business. Today, both the for see for to we expand serve. base customer Of projects we're looking relationships and and takeover
For example, in and lines we product cross-sell to important of customers. our commercial vehicle continue products expand the fourth share quarter, multiple across for market one
we launched customers continues product will that they expand As consistent through our efforts our in our continue of provide product trucks relationship business. market, new line with able you and successfully to this broad capabilities. key organic this their models year, expand construction to to of see In were one the our development growth their performance
their about to to from And grow be continued product expand the being and which expansions. historical new to look market numerous pursued, beyond. for customers of year continue one their market new robust, will our excitement also opportunities continues to while pipeline this to we've new international build In to to volume seeing share market in build within market, line with for additional market vehicles and opportunities the customers they beyond. potential gaining share XXXX markets. continues as active new remains We in projects through our markets Overall, actively The XXXX client. relationships opportunities above the in very military model with levels. products with updates new powersports with sell new products, them lead future our and rewards our organization that grow their We're
pursuing us relationships in will As and growth. business, to help capital addition new ones, strategic priorities to long-term which open achieve investing allocation far deepening the acquisition as are current in we remain concerned, opportunities,
seeing market are still M&A We quiet. opportunities, relatively although some the remains
to deal right time diversify the at balance chip and our that Given strength we new offering blue and are pursue right the will introduce sheet, expand the our customers a markets. product strong open of new industries in position and
we effectively strapped doing for customers as out switch possible volume responded. back pleased to year with look with faced gears at be we our challenges the didn't start ensured of and were and controlled And to clearly consolidation. we pursued deliver it one how proud we the me very implemented XXXX, included. our no presented I'm and were turn I'm team shareholders. We At our green before has business the with We expected. new the anyone everything say year, As to costs
for trends, and Although turn delays will the still gamut we we'll the months outlook external closely and monitoring for we computer which face in our component the OEMs, economy six is better the as soon In volumes. the provide could ago, today could it chips. market shortages many than our which into updates This particular, to as customers, raw can. from We're headwinds. translate was steel material runs impact for experiencing is
focused prospects, a of execution. and showing quarters about However, stabilizing execution, improvement, three on with are execution, volume things future bit to signs generally recent pre-pandemic are positive take will our we in to levels. conditions some return of and time It
While December, Board in some Directors. leading we poised we well to made positioned also that back our I the of are market and position. to expand to future like for mention changes our would
First, his the will not expiring current from director end reelection current seek the Craig Johnson term Shareholders. indicated and he upcoming at of Annual at of Meeting XXXX the Board would retired
all on Board years. We been XX serve the Craig fortunate very have to for past have our
personal times the in been an and his want I note, over retirement of all tenure, expertise to his MEC my Our to him the best during a has has tremendously We for very grown gratitude his company Craig years. and support On and his through counsel resource XXXX. for wish growth for extend change. invaluable
as With Director including at Second, and is of broad Board company. managing new addition a of our excellent our a over elected independent public Jennifer functions Board multiple as company. an Jenny to Kent XX leadership a the experience, Director. business years
In and print, management, diverse development change management. Vice as President and and Administration, her oversees human risk as management. compliance, Counsel estate experience, extensive with in partner Jenny government at functions of to and and real compliance a corporate a and strong Graphics, currently legal legal forward our of we Secretary areas General look corporate Executive resources perspectives a including gaining reputation addition worldwide compliance serves environmental range talent communications, affairs, resources, safety such legal broad she Quad to on where human marketing
right existence. I employees want co-workers. the virus feel been the have I'm unwell on that ensure not call we didn't we it months and decisions that to vigilant mention and to recent comes for to taking quite our Todd, before report in they to to want making they time to has commend the major throughout on just Finally, I And frankly, pandemic. our remain seen if this precautions handing right at impact to any operations that work in COVID-XX pleased pass the the when
efficiently and in on, As months this our procedures complacent pandemic stretches ahead. we not expect the get effectively with keep to will and operating
it Now over our to hand I'll Todd. discuss financials. to Todd
