us our forward X start for comments much, I'm all, thank fourth results for this morning, of you going start and that looking with in the referenced. particular, outlook Thanks page to my And quarter XXXX. the Hubble the on talking Gerben. to Dan And for very joining materials full about year, quarter we'll fourth Enterprise.
You volume. performance at of here. high digits a billion, is digits And few over through acquisition. up different price, growth one of look XX% see sales point low of $X.X our XX%, single sales of single that from lenses comprised We
shows levels last against is and compounding, first demand. There’s double robust fourth and year. quarter good good prior digit year's of double digit growth The growth against
when of when to very we're added next is dropped anticipating year, you price breakdown the good. costs. important reference price which is at really it the managing of mid-XXs with get profit products operating day The bit and healthy our and fewer very believe upper we comparing talk incremental solutions how to on their third growth, about us points per places. affect made of you financial to of line X% electrical quite customers, We quarter. sticking, The days through through very it about the at really in more sequentially. third the inflation the to levels down about shipment two inventory of also And and this some, channel that growth couple And look the flat right And structural to a the drop to the the the critical more non-material reasonably their adding also give a we having little page roughly level about was we'll to look that think is in see talked through continuing We're is helping price expansion pages in and quarter Gerben the we there sticking margin we this we is success a impressive in XX%. part performance. of sequentially, on lens about XX% as segment. value the us the of we'll when Price was
lower per earnings left, growing the growth. line in share with you profit XX% the at see On
the from On year the non that the that free use headwinds we explains that than and offset CapEx that Lighting non But we with of op well headwinds. to which had buy C&I as increase see proceeds business described. of of last more -- back flow, pension. as Gerben had these down taxes disposal referenced the some The shares, That's partially started ops side, you cash some sale we is X% from the Gerben
healthy, intentional. I'm be to for OCF quite So is here order the position the to future we're side Hubble and quite in these investments being making successful.
franchise And down up utility the two see by to breaking starts segments. strong to And with for X, set finish quarter an page Page for X XXXX. between we'll our our switch fourth segment. you success year really the outstanding utility a
increase sales a You is here digit low shipments sales despite double to to XX% a comprised increase very of continue price here, total fourth quarter. see backlog continues mid-single to the of about the we add be growth XX% Demand double-digit digit in of high million and that $XXX sales, in robust in of volumes. to
the the most trends infrastructure of need historical for continue Components, Hubble seen really that reinforce grid. the to driven to replacement need hardening continues that customers shift kind for by the for the renewables, our to showing business, systems T&D at to mere The grid and growth You'll from upgrade the the XX%. power we've type be GDP levels see and spending of
of you'll I CapEx here. and customers really think to to support decisions inform strong continue to these our helping as to critical our our the And That's see some drive us of positioning, utilities Gerben evidence with mentioned, that had turn needs. continue
On the communications one us shortage from a the preventing Control side, and is you'll are supply persistent the last persistent that Communications has There of chain sales XX% and controls strong. was flat. Number see problem kept a in demand relatively decrease quarters still to contraction. from while drivers chips the two business that's and that's growing our been few and for really of
In customer it commercial from it impact became to that the was we quarter where that but the so the resolution. quarter that time obvious dispute benefit preceded control recognize that legacy event sales the was and in believe, Hubble's with constructive in and a our move down forward communications relationship big we segment. with driving had fourth the a addition, to we we And of acquisition. This for could had stemming a resolve mutual onetime a
expect We to improve situation during XXXX. this chip
getting the this to growth. while we're little chip was of quarter expectations anticipating business situation growing, the QX. be the still that returning comms business So down, And of may supply we the that forward we're year. But looking to to choppy course during improve in have a it
over up of the our by coming that to of digit chain, we've as That growth overcome page, You XX% plans from impressive three quarter on driven also needed supply mid-single in points fourth levels. to inflation, right is dropping from some volume of the being price, profit can through profit the the see utility the the operating margin, very which the XX%, adding in really team. growth performance attractive by side operating at disruptions as well inefficiencies
and good So year. good utility good franchise, next for really year our quarter year can by you us a up setting see a
got basis think and that volume utility X% more mid-single growth growth compared That we've fourth the than quarter see mix. margin. points On but XX impacted XX.X% some results of We modest expansion, unfavorably electrical and page a a to margin by the to X% the results, sales good of X% price, solutions X, on year. is side, our op you'll significantly last comprised digits
significantly. So you down see residential sales
rates. exposed saw and been non some namely resi as datacenters, more interest some So in, decline and to balance the telecom continue verticals with strong for the we to renewables growth And the investing cycle. being res high struggle double-digit in consumers we've of
And the so, perceive this all. to We've destocking we in mentioned quarter. able that we some before activity with were you also thought
or have sale orders the believe on our cashflow the or important our out, and maxed the where is our data what's anecdotes managing places, or side, observation that of data incentives door. customers. we going and based structure, on given hard volume us where customers. out analyze on to can obviously becomes We to channels we of that the below whether other of may in purchase that very those the Some And December and side way inventories have incentives with replenishment point see point discussions
distortion the of bit little in a there's fourth think quarter. I So
several in As we've of nice we've rebound seen orders. January, weeks first the a seen
obviously. And so that watch continue quite to we'll carefully
the from enough drag of the you some On tailwinds but resi to the the of operating operate well the nice and enable profit again, us very price through and and overcoming impact margin see coming also business. material to the volumes overcome expansion side, lighting operating disruptions, lower
highlighted Gerben X, Sales in his constructive and performance illustrates the step us. page mid-single to very of environment volume growth, We trends be on really back robust year’s strong demand discuss and very thought digit that remarks. some XX% opening and price, to of for the full double-digit
acquisitions, XXX the and XX% the we a continue support to to XX%, up margin people, the per whole been OP, our two, bit materials than tough being side execution as the Three and a has team fourth inventory that job demand as year little really one. see flow but with on as all leads operating investment basis operating operating and share excellent XX% persisted trends held better in inefficiencies. is back CapEx have throughout bit environment on Hubble well service, trend in Number OP expansion as profit the to that under heavy number And price, well for with just which the inflation, try inconsistent diluted those the strong You had by transportation to and mentioned, required customer the year-over-year, the points as significant that CapEx the line growing growth sources investment, where availability see the in investment our earnings being of was you counter in of really to we a of investment. cash year inventory, was inefficiencies. little
exposure adding that we potential three $XXX invested closed year, our and were margin million desirable intentional are average. to We we on about do side, acquisition in higher deals the to the quite growth so. exhibiting higher than verticals about On
to So there. high we business we our business bolt-on tool and supporting connect nice margin business, her datacenter high added added exposure, again, utility [inaudible] is and added that, to grounding, our growth we a
parts. this to little So proposing start from a to in bit our on go differently XXXX, outlook, in forward past, look through a in we'll have discussion we we ’XX and now our the and switch more wrap the were pieces granularity that little of bow we've to different a got than
why to guiding little we're So provide it. way can that more see we a help context the we
the the from what that without the a in us. gives line modernize visible of grid digit We box we're and the the renewable you'll funding yellow the a organic their outlook. out response page, So you'll a at bottom probably to the continuing from policy see otherwise backlog. on need see point and believe who a install with intact. the two on above year on it us of at of here markets high that's utility away see needs. we page, a call strength remain need side to business starting IIGA highly drivers or give the And addition, rate the mid-single driven, lift page XX, starting where the support by our And of growth And really in to the left growth. we've would our some markets those got for material, to We expectation of to with respond customers continuing
we're So giving mid-single the us utility anticipating markets plus. digit
we've the in markets, usually on cyclical, datacenters, set non utility where there, cycle to the added connectors modest mortgage graph as affecting namely enclosures businesses into they're resi then And now, to interest res we this this and we we side. continue of electrical resilient to be blue of point in think of is try a you Consumers a follows in believe. much cycle, residential, give high a the business think our really, electrical less exposed with end ’XX well point the telecom and more will you here rates demand pie our as as More to dealing sell renewables in industrial. we've is there. much some right contraction rate of see, high the And the exposure of segment the sense we starting the to decomposed
continue gives to believe low resi a if outlook digit us that for contract electrical So we the will single segment.
the the And the half. better to that Our first half even is we visibility, than than visibility it argue better first quarter frankly is may second half. first the
little a res got in built happen non half we've for second markets. caution bit So what'll of in there the
believe the about from typically We XX in cost customers time where ‘XX. at points price. our around taken start those our on of service continue cost being here, productivity. a wanted on of levels. we actions the And more also to that We in bottom, back price two out straightforward we'll hear we anticipating we've our see where million we've got from to And price productivity about view we're still wrapping page tailwind edges little it's feedback on $XX you'll are scheme leading on our of that below service despite peel coming we're management bit
anticipating And about of we in anticipate of sticking so from side, the ballpark price we're the on a that productivity point productivity. contribution
and the see you'll pie, the cost material halves, this into And non-material we've disaggregated two half.
and digit the anticipating material we're inflation were you'll and anticipating there mid-single see in we're component that there's materials the is the deflation than value the On benefits be inflation Likewise, costs, our that. the digit there. same side, larger right, add non-material, pie in anticipating blue as labor, there. raw mostly mid-single the there's rate where But the And section, to manufacturing raws. tailwinds on
benefit that So anticipating XX, million. of gets page we're us about success. investing to half see future And in all on that you'll of the $XX about netting the
million footprint from successful has $XX so XX we investments, our XXXX, in was And in ‘XX. which with $XX program about that page and increase shows where starting an spent implemented, Hubble million restructuring multiyear
anticipating in performance margin that we're expense ‘XX. keep to in our flat absorbed, extra So ‘XX,
typically projects as is good still the that activities far in find as But good concerned. payback us we that income average with three-year incremental, nothing range. give statement So
continue find we invest need our capacity, in and for we side of As the to in utility parts to that electrical capacity.
ultimately of million. has another expense, CapEx of in still So Investor growth ’XX. take we're our about this results. about we've And $XX above million point to getting year got And from expense. million $XXX for so going to our operating or you $XXX good in of of that ‘XX, time. some million would us got up that of those impressively us encouraged Day, saw get we about for But us $XX million innovation $XX we early And business be a incremental about we've to joined moved But in innovation ideas. by anticipating add it's continue to And those who some results those markets from case X.X impact, to activities.
So we'd Gerben format those used page our to thought sum waterfall in out that of last the it takes. And we and on give typical see. puts out kind you pieces netted our you're and let
