Thanks, us Ryan. everyone Hello and good morning on to with today. the call
by full looking start Let's first at year. our
We net revenue income are growth year. continued versus income, EPS operating prior the growing pleased and have while to also
them consecutive Additionally, is of continued cash strong. greater. of XXX% years And generation be our add now to what to seven to cash I'm or conversion free of streak pleased very
divest We our to or core of took that action part to were not strategy business. business our assets
made vision Wabash We I'll additional also further the with details company, further we call. outline for that the which in on transforming this line in have major strides and strategic
Let's fourth quarter. transition and discuss our
million by market of segments. strong performance of quarter. During of We the Overall we in strong year the line in were generated that full fourth driven is three billion full for record continued and $XXX revenue operating performance XXXX, sales top with year during the $X.X just and characterized over top of the quarter quarter, line XXXX. for the the all pricing year
and demand the challenging we through scheduling of were end the somewhat quarter the year in as conditions Operating fluctuations. navigated
actions and their these able Wabash operations to by more ability system their challenges DPG to segments to the mitigate Our leaner were majority maturity. CTP management characterized overall nimble leverage of and pricing and
executing time However, those difficult challenges. business had a more through FMP
quarter. for profitability enabled and was were FMPs performers challenges previously on for basis that solid the slightly offset and as consolidated such CTP quarter the expectations a below stated, DPG As
position variation, year's changing execute on get and brought detail customer which about value growing FMPs This improved quarter new secular fourth fundamental being me innovation. within challenge environment, operating demographic by and in on weighs on a little a bottom quarter. products, growth Let customer the a systems bit proposition pattern more the trends inflow in businesses new order that's based profitability and market new end and customer the traditional both time that and on product delivery on mile
growth bottom have to execute The improvement improvements reality efficiently is within and that are Mile environment. Final to afoot into Wabash within Mile to everyday Final more its systems on system operating trajectory. its further mile the incorporate operational products Wabash operating to management in Products Changes order our make fully accelerate National more Products
of line exciting greater time So a a bottom business. emerges matter this of within level until performance
Now I'd a numbers take future. the share to you position moment been like beyond for with to to doing what Wabash the we've
a new revised on time and create of As of to history, purpose align the organizational we XXXX, advantages company's in strategy. set with legacy competitive to leadership the organization deliver better the assessing spent culture, our part the all transition and capabilities
long-term future As for have position and mission provide employees. best the to organization we can purpose, results values reflect customer Wabash breakthrough how rewarding and our a exciting vision, result, and National value, to growth, realigned our profitable sustainable
our create changing purpose we Wabash legacy desired the to and our logistics without you. our chain, world and see scale purpose how the as exist products reaches align in Beginning impact products or at organization. the as nothing our the speaks touch the the everything will that already we resources, reason will our how we moves top, innovation an we of
how is and purpose. what we our vision fulfill Our
distribution of this will grow, industries. engineered is foundation we enough vision be vision where captures to as define to will innovators yet logistics appropriately leader enough broad is and innovation We to and for believe also transportation, specific the Our show solutions win. our we the where
is act Our mission we now. to how intend
the success help leadership our better. customer early final our how our ideas traditional them in It of breakthrough be enable look from directs will is us first intend more mission different but updated we We successful. refined, the traditional, to to building solutions enabling everything at the that we're that inclusive reflect to and a values company. are We've intend all stages change ensure move may customer at don't provide to and principles future. our and and not and culture with mile. We to and innovate be will also of we centre in be The of real tend in to stakeholders
principles about identify understanding and to Lastly, company used business. waste Wabash eliminate so aspect standard cost process system people applies is management with solely lean batch on our do I'm commitment we that using in our about and while our many stable every about and an a the tool work by only to just is establish encouraged not enterprise effective enhance to waste, it's and just reducing of and will and of aspect shop the tools. as not every we're growing same that lean mindset, the organization think floor. Wabash system something the enlarging management the
our improvements and of resources our shareholders. advancement process It's strategy people, connecting our the freeing systems about profitable to customers enable and and for to growth
broad that is we of system. Our at for management organizational stages have to are the deployment our Wabash vision the early we reality
it the also To we've recently opportunity the front organization align While the us better future. this announced means some changes. that of a in in we that awaits indicates have us, journey
like the meaningfully taken finance rate all as system best wish the in role thank I'd the Financial and a Chief mindset He's Wabash exceptional he has vital enterprise worked in mindset future. the Jeff of and organization make Wabash integrity the business. place. expect a an the Taylor of its the man to as Officer. and leadership management better Mike across his to lean I the of And over executes function and him Pettit of diligently in for as to growth leading enablement CFO change implementation his accelerate a both
of Mile we for Wabash excited As changes, also assuming Kevin who's and responsibility brought to leverage over we're him final have Products. background. truck to Final Group, our those years Page, And executive Products Kevin organizational mile for body that led Diversified experience part level in XXXX. XX of
profitable Kevin the underneath changes numerous talent trajectory. ensure we made and accelerate business have position to support new structure mile that to the growth final additional We
on from in line with the to drive purpose to results We'll the world reminder, enhance we working performance our a change to calls trajectory provide to align organizational you. capabilities, breakthrough segments previously to acquire As as our communicate the made the updates and operating further business how impacts further to organization of as how strategic our continue well future on new quantifiable we the we create product change centralize and add are innovation vision. reaches more
and discuss market we'll current conditions. Now, backlog
ended shown the specifically, million up flat from have end by billion, of QX. QX fourth backlog market where $X.X to reports of industry at approximately quarter the backlog QX effectively Our trailer from sequentially the end the approximately $XXX
more expect early as in XXX,XXX FTRs into has The this more pattern units XXX,XXX stage traditional to we we seasonal a on manner, a and market XXXX. taken expect and fleets respectively certainly at expected. that manage and for for normal ACT outperformed market are estimates orders So heading we the we've just XXXX XXXX. around
than an stronger ready market if initially we've on turns be range finding units. the We're But environment in out approximately to of XXX,XXX this we're certainly planned.
but we the Within XXXX. mile reflect outpaced space, final the a customer longer expect market demands to continue more level to overall subdued growth expect in we growth of term, in
demand the optimism half year Additionally, pointing and supports the levels we of demand truck of anticipate to body that seeing growing shift a seasonal customer XXXX stronger space. second within favors in
about capital we'll Now allocation. talk
quarter the remains our million, primary of repaying by the shares. and our debt $XX Our dividend funded focus million we reduced debt. $XX repurchased In
In the the addition, and investments we've invest able business fund capital future. the been in operate properly to to necessary
capital remain continue strategy cash our invest part strengthen returning balance forward, allocation deliberate of we will while Going deployment business, sheet core shareholders. to our to further of to a capital our our while in
significant of has that believe the levels. experienced recent at we However, value dislocation the stock
forward, we that is share shareholders. the interest if in best of feel long-term toward additional capital we to the move repurchase, hesitate we As redirect won't
backlog outlook Now at $X.XX we'll per range of talk approximately that about of $X.X are a revenue speaks In to this increase providing $X.XX We into with we share to of new of phase billion. saying our the a our environment we move year in ability as XXXX full outlook. our share the We're capture to per $X.XX the cycle. a earnings sequential midpoint share. feel
our products, business national. the our differentiation of of Additionally, that experience the experience customers not in speaks backlog with the to only strength doing overall Wabash relative but
by their comments I'd the like forward my their and hard in with as we continued thanking dedication push for XXXX entire work efforts. our to transformation team in conclude XXXX
I'll that ask our on XXXX additional and performance financial to color Mike With both provide outlook. our
