Good everyone, joining Nadeem. you us thank for Thanks morning, and today.
and on into dynamics. shifting follow to both the platform of begin strong navigated and businesses. on X with will growth further financials. installation we Slide business was focused market will brief market year a sizable I improvement strengthening in a with reach our update. Nadeem a our XXXX review of We process addressable our distribution as
our and acquired our execute businesses. multi-faceted to strategy We than products grow integrate markets, cross-sell continue faster to
$XXX like We increased accomplishments and gross $XX results. which million, adjusted million I record to to EBITDA profit sales net had some full-year for up XX% grew $XXX XXXX, XX% We to mention. significant This includes to achieved would million.
flow, which adjusted priorities. amount capital and improvement the for working totaled for to year cash management into a $XX million more top initiatives and this EBITDA pleased to operating especially were Lean significant our $XX million among helped convert of We quarter. the remain and drive
Turning to Slide X.
year, first-half during growth disclosed sales within and of record Previously the our market businesses. half mainly our impacted posted in results was the adversely in supply installation and second weighted. That RDS our pressures distribution changes For we our ASG segment chain XXXX. operating segment both
taken market I provide will I quarter the to moment take a in importantly solidify business, to given each changing fourth have on positions of discuss and some these will on more impact our details we dynamics steps results, dynamics.
were At were sales primarily RDS, the XX% Phoenix the Northern performed and including diversification the for markets, Homes new geographic with relatively stronger best-in-class to quarter in past flat particularly receive year. in all-served California, in into we volume the of nearly sales builders, Lennar. for this Toll grew during several business Terry quarter awards fourth XXXX regions pleased Mid-Atlantic. over We and through our services Organic Brothers,
of shift the at earlier impacted price build-to-rent increasing homes lower points, well fewer the seen to as year, in means as been RDS This has by to with homes builders trends and adversely to price/mix the upgrades. built being smaller entry- options are Similar mid-level market.
most is have many California we which Southern footprint is product volume in So, while upgrades. though and seeing fewer home our our in pronounced the cases, evident unit up, past. our across in are less dynamic installed per we disclosed This market,
teams strengthened have up rapidly our resources bid. In help for market response we evolving to sales environment, drive to come reallocated share as and this projects
entry-level new and that with lockstep target growing We communities of the are adjusting our product homes. offerings mid-priced and share
put improve efficiencies operations, in to and new cross-selling divisions capabilities. several have place We at leadership
offer selection experience a technology have without we in to with addition, physically staffed customize homebuyers product to proprietary tailored showrooms. the design can In invested that or builder
spent enable selecting We times will this their builders construction time reducing by believe cycle tool options decrease homebuyers and by to also upgrades.
resulted We has have several positive, in we customer been recently new rolled it already markets to believe very a has feedback relationships. differentiator. tool out The this and be in this and tool competitive
We are the technology. for prospects this very new excited by
In resolved first our we ASG me year-end. with our associated by that segment, were quarter disruption let the chain discussed say that challenges supply last largely
additional during global As XXXX, a U.S. expanded new partnerships imports, reminder, into resulted on quartz some entered initial in early inefficiencies. suppliers ahead tariffs of that we with
hard of to our team levels. cost processes normalized are We the pleased with to work streamline and return
environment. by certain initially high-end suppliers whereby has have purchased than new to industrywide harder been new lines to from our believe partner. well We The this to quarter, our fourth competitive the partners. in quartz by high-end source reproduction performed product be visuals certain most line volume from attributable difficult to supplied formerly Chinese relatively China within anticipated. replicate decline of one dynamic, a During The a product of formerly primarily was products proven an
to We taking actions market as are positioning. improve operations as our well our several
business. product We simplify year. introduce leveraging throughout technology We lines are the improving and several the to new trimming processes quartz plan to costs, and porcelain
are year. lines Beyond later countertops, our launches reenergizing with tile six this we product new
drive improving to landscape on Overall, focused entered throughout new as are continuing business. the the and encouraged year, we we efficiencies the homebuilding by remain
customers geographic as maintain and focus channel on our our strategy. we best-in-class to diversification product, execute will our We service delivering
are structure. areas to We generating of business committed improvements and our our all rightsizing growing across
labor, project costs. sourcing implementation visibility demand on last is several and complete complete, product us branches market individual months. and The ERP few be the as the next ASG at and better control provide management, as within RDS will implementations These well ERP in enhanced over
few remarks, speak concluding moments coronavirus. to the I wanted about take Before my to a
and service the to same we committed the health and the their at which families in We continuing of customers. our are well-being operate, to our time while employees, communities
of recent continuously. We situation the developments this with situation very are monitoring are associated are and and impact the mindful seriously potential taking
suppliers have and and at the customers our not seen with this to impact contact regular in are meaningful We time. business
and team to response operations issue cross-functional employees. impact our the a its created oversee and potential to have We
Our care and right of take balance between our strike employees business goal is to and what's health and our required manage the public to customers.
are in a continue improvements premier generate of drive and market and our returns confident remain our to shareholders. solidify opportunity market in within the positions for to stages our attractive We very our business, early ability attractive
Once again, thank you I over that, will joining. for call And the turn with Nadeem.
