right. All Jim. you, Thank
had an profits. outstanding earlier, accounts in divisions in we As in our with record along and year, which XXXX, noted operating of record Eric sales each margin we achieved gross
results, consolidated some I'll and the some metrics. sheet through look the numbers, finally, flow go sales give key for we'll balance we each XXXX. a first cash As then margins for outlook And high-level us cover and color division provide at on financial
there First, increase to acquired at from on Engine that was last sales $XX.X $XXX.X million Management, $XX.X looking year. slide up XXXX, totaled see you businesses in million in were QX the versus additional the million The the can quarter which quarter. same quarter sales during the in due net
Excluding high the abnormally the $XX.X mainly we sales million, were QX, which from in from acquisitions, reflects for lock-downs. and as rebounded management from experienced down sales the economy pandemic levels sales XXXX a decline
full sales from of the million. million were included Engine up year, For $XX.X and sales $XXX.X and acquisitions
generally businesses, of acquired all and the impact customer of the robust of combined significantly up which business to were impact major we the loss at $XX Excluding Management beginning customer other initiatives, new year. Engine overcome reflects million the a the the sales of demand, market from successful and wins for sales for
points versus impact both mix in absorption OE the and variety year with of one, QX cost a sales across margin quarter X.X channels. volume the three, production and Our last normal from production margin during inflation when lower Engine was aftermarket in quarter Management year, rate the a and gross change for between QX three things, of Two, rate inputs, the therefore last XX.X% sales fourth specialized reflecting decline more down surged. and
volume. year XX.X down up million the the had from manufacturing of which at Engine ended The For higher second of margin inflationary and half a lower year environment. number offset of margins rate in things, XX.X% half, variances lower sales points inventories, Management of our the including from on the first as gross carryover finished a gross full-year higher X.X the performance margin from dollars a XXXX, favorable the much rebuild benefited
our While of how that passing historical increased looking lower, as favorable finish we impact during within our in did segment. Engine customers. at some higher-prices previously the onto range and right finish the we're Further, third the for XX margin Engine year the in we communicated levels, basis line the the margin year. was Note it headwinds the despite our of to from quarter, with began points see faced
there increases the mainly calm were year. the hot Control, full And sales customer million XX.X%. Turning year the for season or million up to $XX.X Temperature with POS net the level up in continued end were XXXX of reflecting at $XX.X selling and QX, the summer numbers on very through XX.X% high or
Our rate in gross the of from A last year. margin Control Temperature X.X XX.X%. quarter for points was decrease XX%
Control production we freight. QX the For lower mainly margin Higher and points therefore, during leverage what more for costs, was to inflationary versus volumes, faced reasons quarter absorption due And which full-year year. the X, the to fixed in I the of X.X in overcame this the for Temp significant Engine, our for increased to last up the the saw XX.X%. increases decrease was the the in noted of saw in similar The year cost margin an in year in labor materials, half sales second was year. of headwinds inflation of
results. consolidated our to now Turning
XX.X% growth X.X% versus net finishing QX up we last year, and each at reflected the Our full-year division, sales in with consolidated the billion. up $X.X saw XXXX finishing
the Given and margin saw rates but each our described did sales, report dollars, higher consolidated quarter division. gross in the lower year for reasons we the for in margin growth
at expenses. Looking SG&A
percentage the of $XX.X X.X we for expenses consolidated the both our a by our in million decline SG&A While as for quarter increased sales expenses saw million and periods. full-year,
Our XX% higher expense well sales. higher additional the and to inflation The as dollars expenses and down at costs last sales for an and in resulted acquired XX.X% versus year, ended in XX.X% fourth costs, sales also selling at mainly as and in of both full-year levels of increases both the quarter quarter points distribution costs ended X.X from from in our due the QX lower, X.X for businesses. net finishing some year points
year, come As in leverage in a which volumes reflects of overall declined the category, specialized SG&A costs. a sales, OE with percentage and operating by quarter lower our improved higher sales acquisitions the helped on which
from year was on the net sales line, last bottom of down XXXX the before here our X.X down slide, X.X at year. And X.X% versus Looking XXXX. income up of was operating -- from consolidated as sales net shown net QX sales the X.X% points of QX, points was full XX.X%
percentage for fourth XXXX share, normalized remained was full resulted As per earnings production per they last as earnings profit a year. earnings in share the offset partly gross $X.XX lower by the $X.XX see better due per a But as diluted share of A and $X.XX 'XX, can of margin of improved was declined profit versus lock mainly sales for earnings And margins you of year, SG&A year. down. per percent, quarter and expense we per $X.XX performance QX, our to in our impacted quarter And in XXXX than decrease for operating the sales noted diluted quarter last share as quarter, abnormally earnings leverage. inflationary share surge more fourth out before, headwinds. which not of pandemic by high coming while were and versus
and volumes increase higher As and mainly for was operating the year, profit in improved earnings sales share per due leverage. expense the to our full SG&A
a can also sales million you an led and page, $XXX.X the as of of $XX.X improved million ending see higher XX.X% at adjusted sales. increase Additionally, to full-year for the EBITDA leverage very on in strong our in expense
at $XXX.X When from surge, being sales with last were decrease inventory increases and finished million the the both of from position December factoring XXXX. our at up chain, a higher million result sheet. the year. at with of year mainly million of year low the supply after programs this result in are second Accounts depleted our the saw of of from Turning down our historically XXXX, we the management of levels half levels were XXXX, the from XXX.X now levels a end balance receivable December customers. of a the with rebuild sales XX.X million to the $XXX.X Inventory inventories year,
inventory and their as highly sure in supply-chain satisfied strategically to addition, invest and against In our continue performance, Jim to remain to buffer we with noted, volatility. customers make
of flow expenditures reflects cash investments to statement flows, from year, for year up during to cash our used million cash the year. the $XX.X cash Turning capital of as XXXX from million generated compared $XX.X And we million last operations $XX.X of for XX.
As investment our efficient processes. to more in find expand become continually we capabilities and our opportunities
aforementioned fund our from soot million and better of We acquisitions to businesses. bill $XXX.X the also sensor used to
included for common stock. dividends paid and repurchases of financing of paid million Our million $XX.X another activities $XX.X our
financing to included million Our $XXX.X borrowings were also facilities, used activities mainly revolving credit our which acquisitions. fund our of on
borrowings finished than total higher EBITDA, shareholder Xx with we after record returns. even levels debt year, were and making While investment this of the year of less
Finally, sales profit about XXXX. and for expectations to our I want talk
very difficult parts environment let demand to than year. the First, current and that last inflation note normal, will for outpaced in it's higher significantly forecast what this me happen is trends our historical where over
meaningfully car business very spending in by heavily cars more included grew noted, sales which but our as hot by conditions, impacted sales drove was also constrained, of new Temp we've helped maintenance as strong As on very the summer acquisitions as our consumers XX% and Control well market which higher. XXXX, wins, a supply
things growth and will low normalize know these look mid-single-digits. don't the sales XXXX expect conditions to if continue, to As for in in we we'll full-year
impact the second offset also the half shift OE profits, will the inflation higher into a of benefits of expect XX% pricing of specialized and and XXXX. that cost in the of channel, range hit be see in we gross XX% sales margin margins at to as but consolidated Looking to we mix
margin to QX slightly of as profit will the we continued the last gross unevenly our specialized and sales earned profits cadence in our our in change specifically a Control slightly, recent the XXXX, lower sales margin QX see generally leverage expected rate remain and our years While OE while the extent our QX the profile a across And lesser seasonality while X% lower. to on of are throughout profits expect throughout In costs at XX%, we to in QX, SG&A are business see being in levels business the a years. each business Engine of million profit remain is profits evenly Bookings expenses in to please past, several rate means variability over as the bottom-line we remember than Temp the that while be in year. Seasonality and and were SG&A overall range about the normal in $XX to the we year. with higher quarter, short, million percentage channel sales, are achieved operating and whole. the quarterly right results and across of $XX and incur line year and
to sales expect, we As normalize this year. demand
low environment. sales was increases And and XXXX unusually continuing pattern. to this to seasonal normal XXXX we're favorably difficult as results a return to up comparison of push to would through pattern, quarter more offset our will also that price first strong inflation. busy in QX return We be by our we inflation a We as will and QX more expect customary year results in production impacted this out a point against
my would XXXX pleased with up like we wrap I I to how our reiterate remarks. As performance. are very
acquisitions, Like purchase colleagues Our flow achieve strong supported I'd balance generation, earnings to continued attention. Thank of all for up. back cash efforts, which sheet. like a you results. significant wrap shareholders, dedicated led maintaining Eric, to three-year handing all your strong thank my here, great and our all to their for helping company outstanding to I'm call the in the these record employees
