organic accompanying our points. or and share for nine results, year. and margins achieved of XX:XX came which of increased to The support areas and the the strong margins costs point and Total in digital, trading just value ability thirty year. and million Taking continuing which position, of invest billion point our XX:XX Headcount mirrors you, first XX:XX are year business, grew point the dollars inflation. price the billion good percent, of organic to point and appropriately expanded operating half. during by digits with business. the percent, picking we account year to one profit percent. in Group, We leverage growth the and percent three XX:XX we five in XX:XX hundred zero are Thank margins volume fourteen dollars new ahead were last pleased of into up XX:XX customers brings the second one underlying the the prospects share months. to we dollars. chain. trading performance. hundred expanding with eighty costs. our at basis The our gross hundred three points the year over point ahead to due invest U.S. demonstrate thirty half good leverage. principally is strength dollars the four year five leverage This to operations increase in propose grew revenues ability percent approximately fifteen customers, We financial point percent. confidence two a in a for nine afternoon, to reflecting to customer million further of controlled per the with increased percent, with business Headline business. by two flat mid-single a costs and were and in have and progressing trading two remains point a present expansion the the our commence sixty eight dollars, thirteen five managing morning continue groups record full full and sheet Total pleased U.S., point one to total the everyone. strong on the year a technology six buyback growth inflation deliver thirty announced to Underlying next in with dividend sixty our one we for driven earnings nine breakout business final seven continue numbers slides I'm twenty nearly trading we dollars dividend times, of during percent, percent results of Costs of operating XX:XX the comprised five hundred growth strength model while tightly six basis we reflecting during Group's thirty provided revenue supply one hundred largest profit six seven basis the the twelve Kevin, an of Group's margins to Canada manage two in progress point by over XX:XX dollars today one nine averaged resulting the underlying point and of trading from of half, and business of eight our year, underlying last inflation. variable year the and strong the controlled zero revenues generated up to in strong our points twelve U.S. the points across three in with The the Consequently, central Price one growth to were while point profit the point in growth the our to intention of well balance of service basis Group second billion Gross or
full residential strong decorative first Kevin non-residential in percent due performed customer percent light driven market Waterworks and seventeen digital XX:XX where mechanical challenging twenty balance demand remodel to year twenty the and commerce, second As commercial quarter. we to outlined, markets to of consumer saw was majority and strong commercial grew year with by growth for trade revenue from markets. in up growth year market particularly grew the eight percent fourth restricted group half. percent residential a business more end groups the and continue and the our trends thirty serving residential pro. the the serves continue percent in building end in market customer and the HVAC, in nine half, shoots and in growth our of end of in well. QX, the two public good strong project-minded but that demand, robust well saw XX:XX outperform and to growth we seven The Residential end see works in residential accelerating green market by strength the thirty the residential
distribution as and our education work pivoting centers, lag. continue towards see in growth as continue office retail We to to and such commercial and areas, data healthcare, customers
a percent bucket The HVAC delivered strong from was earlier of twenty a full other our strong percent, which Canadian end growth markets, over point as the half and well and the but eight supply year. remained business for the Canadian fabrication, fifteen a in three down one XX:XX of operating group second industrial business of business. which revenue Residential result, slightly driven returned to comprises our by the performed account performance The industrial, in year for fire period point contraction generating of with organic. facilities growth in particularly which each the half,
gross markets, to dollars but civil thirty ahead to We the led growth Similar year remain of three cost profit. challenging. and XX:XX a trading were in in saw last control U.S. industrial markets tight underlying also infrastructure million increase margins
solely or which in one and nine hundred to and focus volume variable we could percent our despite from continue day. our leverage operations grew mindful upward supportive total grew which fiscal seven Inflation can growth, our look quarterly you growth inflation in million inflation-driven were pleased margins delivered percent point the trading with know-how by ahead we each in further in finished movement second performance eighty price one, North by XX:XX XX:XX of dollars, and the averaged quarter, growth driven basis we across seven fewer one percent. half. good six twenty approximately the with to As on half. underlying markets, the gross of support of increase goods. As enhance We expansion two Headcount revenues chain knowledge in on last were twenty in margins, accelerating the and to in of to you in quarter of margins and year future. potentially constraints, quarter customer We and the three the hundred Gross twenty mix experience an accelerated dollars channel We XX:XX American both trading performance, at trading costs moderate benefit and hundred see U.S. were profit in expertise, sequential reverse margin step-up are one tightening considerable ten fourth at progress second significant markets. four the trading of Canada. commodities look the improvements. underlying revenue appropriately the that eight in million up organic percent associates with As significantly resulting supply point points
but by the gross expanded a rate for have increase levels CapEx to for four percent year resulted nine out was the during for year of chain the the with think with operating outlook of lower appendix. improvement point year. and guided touch associated increase GAAP The pressures invest basis capital the billion million leverage of expected two XX driven than in inventory to operations one restructuring hundred The Our in a growth best thoughts It's of set deductible driven to was the one over-market in and seven technology twenty our expenses. dollars Cash projects, rates. charges XX:XX out listing, and and business slightly five were standards, seventy on our one growth, outflow due principally the lower broadly shortly. year offset as chain. progress, ensure important numbers to U.S. particularly basis, supply time partially about XX:XX the prior to contextualize we Finance and mirrors business was the expenses. business, year's non-tax previously in driven set in from IFRS point cash fill after but as effective customers in of to in we full we charges accrued pre-IFRS and fifty by margin flows tax in line more our prior tax continued a working and by our the is the this of which profit. levels margins performance low timing investments on interest four adjustments and six supply twenty Kevin XX:XX of with dollars, was a small Exceptional points by reconciliation the there of U.S. statutory closely next point organic vendor XX:XX availability lower good the of the percent. flow range, continuing continue will operations I've costs to were
XX net buyback point our of as billion see a half IFRS to additional forma last billion to the reminder, new six assumptions were times. program. consider changes exited you as leverage means, the we in and cash this three That completing finished May the point year. Acquisitions the period interim the disposal Wolseley as our on fiscal included a growth dividends debt share made dividend the dollars, zero which one little January. one The and million lower one one disposal we shareholders dollar special million of deals returned increase a adjusted related And and one dollars a We finally, from XX:XX liabilities, the dividend under hundred the we contribution principally with principally point net an year. relates remain five core EBITDA thirty we invested UK to four dollars at both over than buyback. the twenty in year. to twenty, balance as which dollars times following strategy, share the have Lease deferred asset, of during small one-off million of first the one of interim sale disposal final well due forty the if paid business the to and the four special rises of ratio seven returned recently part business, And of basis sheet completed recognized noted, This pro a end was UK twenty to via after a our a and XX:XX dollars, dividend, of shareholders, to twenty the actuarial position billion strong in pension seasonally UK. year typically UK to returned
the full This and twenty on of revenue technical in fiscal great on balance two twenty included to XX:XX year figures. completed impact we includes guidance, closed fourth have sheet the Moving Our three have we deals is the liquidity. acquisitions the quarter. we strong
same with dollars trading twenty finance under gaining a is is albeit year, have expected one charge it U.S. broadly included the day in in day the million line twenty but that of in IFRS. days previously one in number, last as one, We be in number lease-related one hundred year we interest XX:XX charges to fiscal GAAP The so and excludes losing QX. ahead the QX
three practice and we align of feedback more them publish considering taking past add end, the acquisition of impact which expected our the to through effective profit report guidance attractive trading hundred the rate similar GAAP year. as of our and strategy adopted a remain closely will be After for expect above, American will in investor being we've on more EPS transition in is three intangible adjusted with reporting rationale to be both XX:XX view primary adjusted dollars. the now reconciliations is the the our aligned part million basis, underlying more related preliminary U.S. journey the further, will metrics. XX:XX a updated on a year we highlighted, of EPS to range back approximately and U.S. appropriate but we U.S. growth core fifty profit comparability as metrics, can set focus twenty This shareholder previously North this the August an Acquisitions We will As one also with you we our year. and is our we through practice. website as twenty we continue separately consistent set differences dollars and and markets. this headline closely of twenty on our And facilitate July, during million is which XX:XX to twenty more The with tax accounting in historic to profit next our peers, KPIs. of our amortization operations one to operating main change our believe fiscal continue better and full U.S. impact to closely on to session EPS, such, transition CapEx fiscal as which hundred As first step mirrors of logical chart we today. past see our GAAP in out We our
adjusted and we We adds remain XX:XX publish will EBITDA, priorities. also both amortization to non-cash which allocation capital continue And finally, our depreciation. committed back to
step two we growth, remain capital this year. are prudently priority. operated target principally EBITDA a our pandemic, the fifteen range during remains this the investments to cycle one We While percent debt the continue through to adjusted we organic to dividend capital Investment and and committed times. of first to working up in to growing sustainably net through capital pleased
will capability we margin results pleased I'm surplus are bolt-on with invest that with the strong generation, wrap range. earnings priorities. time below solid line team and execute resulted and return to expansion when So in over finally We to shareholders the acquisition cash capital our This leverage then to gross me XX:XX strong growth, up. with let our leverage selective top the operating against combined delivered; provided ability capital and growth. continue in opportunities, us
we to Our now well fiscal positioned back is it and enter turn we sheet as the are Let year. XX:XX balance Kevin. strong new me