Thank Eric. All you, right.
balance numbers, on metrics the the then through some give division, color our cash flow go expectations key some results, sheet at and full we and first of I'll finally the year XXXX. for sales cover margins each for As provide consolidated and look
First, Management. at Engine looking
see last can in same this slightly slide versus but the 'XX, where this sales year were QX year, comparison almost quarter $XXX.X down QX on against were difficult net of that up million You up sales X%. a
with up from and For million engine made sales continued the full X% $XXX.X by pricing year, demand. increase primarily of driven sales year, of last higher acquisitions strong were the
up rate combination from the actions the margin we've overcame of at some cost the efforts XX.X%, Looking X.X was last and our the pricing the in points fourth half quarter of savings gross been as margin a second taken [ph] for pressures experiencing. of Engine, year inflationary year
year the for higher we was to experienced down mainly margin result costs gross of due all inputs across persistent a the as Engine's However, year inflation. during full the
million increases last summer in were up $X.X mainly full of division X.X% very year. were pricing, with reflecting a outpace QX record sales a million to net the Control season the which XXXX and year higher year strong Temperature $XX.X both or up X.X%, for the or helped
was points rate I quarter as but to an rate year. for of X.X the due from last gross for partly absorption a Control The was sales lowering the selling the noted unfavorable unfavorable mainly margin to year fixed points to of for for while due in margin in like also XX.X%, inventory slight from XX.X% mainly gross year, the decrease the from the last The down for cost the quarter some X.X inflation, due was full in of season The to Temperature the levels. decrease year full decrease segment. end, mix cost Engine margin came margin was
Before the I margins. on consolidated I two numbers, points move to to our make want
XXXX, noted costs. across the of course impacts the of inflation all over First, we input
seen still inputs, in have we moderation While inflation a in number on higher is than some general inflation of normal.
do efforts, helped XXXX. inflation, throughout executing our engineering savings excellent job cost with continue operations improve combined pricing programs costs, manufacturing teams us half our this our To and and second of to in-house these the in and year the sourcing to lower our offset margins an
was Control's absorption to unfavorable QX noted fixed by Second, I inventory lowering impacted Temp margin levels. related cost
in As and you inventories volatility. manage increased chain our supply strategically both know, XXXX to we XXXX
XXXX, we we our that as will the stabilize, we lower year. to begin inventories seeing cause on margin which headwinds things some in Now are expect
Turning results. consolidated now to
consolidated full year Our while impact of for pricing net were and sales year, sales the were essentially X.X%, fourth last with flat continued demand. up the acquisitions, from reflecting higher strong quarter sales
back the engine was but consolidated to strong to quarter, gross management. And driven the Our higher for was we as sales margin our full dollars the margin X.X mentioned report points cost pleased margin rate inflation growth. higher the gross of gross for result I a XX.X%, year, rate margin largely on down by before, were up the of
sales income, expenses were as for profitability, discussed. Moving full for with already X.X% the the the was and respect Difficulty] of for both share per to operating shown reasons on full the and here [Technical quarter earnings net the EBITDA quarter for year lower slide, and and year to SG&A consolidated X.X%
However, and inflation the interest as of as us Eric noted, despite a was historical line from EBITDA at rates. in coming percentage our pressures profit and operating adjusted sales with trends
to the Accounts decline at sheet. well the bankrupt customer a the million of a our quarter in sales as receivable a in balance of XXXX, receivable million of with the down of to result write-off morning. now as the release related were the $XXX.X end Turning December as $XX of noted timing at this year-end
with $XXX.X from against Inventory volatility. $XX million supply inventory sales million, result higher a to XXXX, QX to and investment year, the buffer inflation levels strategic December of and finished up levels costs at this increase chain
from XXth As seasonal needs, we $XX.X June level. inventory work reduced inventory million through was our our peak the
Looking at flows. cash
of with the flow working used full working stemmed the half investments generated cash The capital. year, last the impact cash of in biggest inventory now that of million cash strategic use have operations for compared usage the to year XXXX statement from of payable first $XX.X also being cash the million from lower decline. during capital year, in to reflects as inventories of but accounts driver making begun Our of mainly cash of $XX.X
cash the usage driven to line half While the million which for our did $XX year, cash year flows in important first half in generate was we by of trends. second was performance, our of note historical it's with the operating
in invest business we to see and last via steady Regarding on versus capital generate to expenditures allocation can in that pace buybacks capital you returns at through share dividends our and slide year. the a continue shareholders XXXX,
fourth than the on times bringing of borrowings EBITDA. adjusted lower the down were year year $XXX payments making Our facility during of after X.X our quarter, to for credit million million $XX last leverage total our
on XXXX. sales of the year give our to want I and an full Finally, update for expectations profit
which digits, again line terms top in our to year our rate. we in full line low sales, with Regarding is percentage growth expect in growth be single historical sales the XXXX
expectations Solutions of differing adjusted look aftermarket focusing XXXX, we connection be announcement re-segmentation at margin As for with and businesses. our profit and this Engineered profiles we'll our on the EBITDA morning in
As to on to for from costs economic such, we the expect hit adjusted by operating customer further uncertain million be in but rates, programs rate will conditions the full $XX XXXX and XX% year can million face to as current factoring that still an we go $XX depending environment Reserve. hikes continue Federal EBITDA and at approximately higher
average our with to rate higher $X on and but to each amortization connection our about debt versus million outstanding in in expect depreciation XXXX given expense adjusted line $X quarter, EBITDA, be income with rates million In last to expenses year. expect we be and borrowings tax interest
expect of manufacturing will variances the from impacted things, cadence from across the several by as carryover further the of XXXX, lower impact well we usual of four QX the QX Regarding quarters of in lowering inventories headwinds our be earnings as unfavorable production, some to softness headwinds higher we'll expect one year-over-year mobile in XXXX, year, start from while and the programs customer temporary bankruptcy of the continues customers. factoring we our the business costs [ph] to to related improve And from of to sales as there see including
we mentioned to for in at general before, capital stabilize. reduced, as expect inventories be I and cash working operating XXXX, flows to Looking in balances
to flows past cash to As years. consistent such, with we operating levels return expect
increase pleased our announce has an recently dividend track quarterly increases. As normal, and of dividend with we an approved of record returning long see our we cash share, to consistent were X.X% to flows $X.XX of to $X.XX increase our Board in per
environment. and report year to from and growth pricing record a we gross sales in savings all up, these all year. our us wrap were a thank up continued XXXX, throughout To economic in of the against in We improvement margin results challenging XXXX pleased employees helping in for remains actions what cost achieve strong
to Eric about call talk Thank turn new I'll you, back segments. and the now to our operating
