and Good XXXX us quarter joining for Thank today you, for all fourth thank conference you our call. results operator. morning,
the me call Executive Noble. are Jeff and On Chief Dave Officer, today Eberwein; Financial Chairman, with
XXXX, compared of of quarter revenue fourth profit Construction declined the In gross to and quarter fourth the our XXXX.
the mix XX%. year and resulted However, margin discipline for from business full to XX.X% XXXX, in improved gross an pricing strong improvement year-over-year Construction
delays in cases, projects, the of some contributing commercial half XXXX and in some second caused tightening revenue a and Credit into was pushing indefinitely. in XXXX factor
interest to pent-up be our rate and ongoing continued pipeline timing backlog sales continues overall although However, activity by demand, sensitivity. and single-family residential indicate tempered the
and strong. the markets will and significant we've a built In all reputation, advantage. believe expertise sustainable our these markets, dormitories sectors educational sales situation reputation focus affordable sustainable us on temporary We believe experience environmentally where and a this and Based housing, of we demand and including niche strong buildings and on our workforce are we is competitive in remain give feel these our housing. a pipeline, continuing
conviction the growth in report, continued new Institute's XXXX. X% having which, We X% in most the North also according factory-built construction for in of from starts accounts America, States, all ongoing of now have in tripled construction to Modular recent Building United
We maintain lower maintain versus stronger a we maintain ability our macroeconomic gross and and margins improvement. to Despite amid Sustained contributed continue quality our achieved remain to recover division's gross has revenue target XXXX division's contributed Construction the in XXXX, revenues levels pricing backdrop. for to to in execution mid-XXs margin division. strong the to has the division's margin gross confident as ability
Lastly, accretive have the Lumber we the into and successfully in quarter it bolt-on our closed integrated fourth acquisition Glenbrook Lake Big operation.
balance our our sheet discuss, will to we ample is have cash business. expand strong, Dave As and
to to will our sustainable evaluate quarters, continue focus coming the division acquisition we growth. organic on During augment opportunities Construction
We will Investments in explore division. also examine our potential acquisitions opportunities in new industries and
I'll Now to Dave go our please over consolidated additional highlights. provide ahead. Dave, will quarter Noble, fourth CFO, who turn financial the call