Strong EBITDA Growth and Margin Expansion
The company delivered 8% adjusted EBITDA growth in Q4 2024, expanding margins to 24.6%, up 100 basis points year-over-year. For the full year, EBITDA grew by 15% to $390 million, with margins improving by 270 basis points to 24.9%.
Positive Free Cash Flow and Share Repurchases
Free cash flow for Q4 was $55 million, bringing the full year to $272 million. The company repurchased $150 million worth of shares throughout the year.
Sustainability Initiatives and Community Impact
The company advanced its sustainability strategy, including product donations in communities with high lead levels and advocacy for relevant legislation.
Strong Balance Sheet Position
The company ended 2024 with a net debt leverage below 1 at 0.8x, providing significant capital allocation flexibility.