Thank us. accomplishments everyone. I'm Thank you reduction top you, joining review afternoon, our our overhead. Garrett. including on debt for call, our today’s and to of On progress And good going priority
longer I'm strategy discuss vision term then, going HCX. And to for our and
Mike CFO, performance, we'll questions. take and then fourth provide quarter Sena more Our will year details and our some full on then
me that thoughts with all States you, in good certainly Let subsidiaries wishes their HCX and families start the employees in saying These challenging to and healthy. by our world. of stay are and of our times our are the United
us investors all you analysts thank to that It is are time and our appreciated. join to So, today. of taking the
very HCX year a for several successful was on fronts. operationally XXXX
XXXX over I accomplishments and Our have transform and for moving significantly in positioned we our structure improving are reduction. including strategic in confident direction moving all we're further success our direction progress towards forward. XXXX, believe, HCX, firmly capital well the right us in to notable overhead
adjusted $XXX was XXXX, highest core since higher For the than million our was and for EBITDA it million our XXXX. operating $XX HCX’s subsidiaries been of inception has
to million now becoming end into expected. doing is $XX invested million, material It our on record segment our in of by acquisition was energy new the basis. as first was that of Our in XXXX. for aided its forma XXXX, segment CNG adjusted signed we When plan pro stations it year, target construction energy of adjusted retroactive EBITDA XX towards legislation had a tax and the $X.X a the in of a contributor year the while credit EBITDA hit revenue
record a more $XX Total adjusted EBITDA to than doubled million. for HCX
year-over-year million broadcasting. and we significant at strong $X our to to addition our in reduction core saw from million $XX million In an corporate overhead improvement performance, holdco $XX
our in contributions strong also We AOI segments. had insurance from pre-tax
of culminating in global progress sale marine of the Beyond on sale XX. our group considerable on year completion the our made businesses, during February operational performance, marine the of we the
We major on HengTong Technologies a to taken Huawei last all to also early that we was into week, things complete global our anticipate a in XX% HengTong want of highlight completed to to we steps quarter from us way the longer sale have milestone close ownership, for as second occurring HMN the the of consideration, which the logistical that bit due of XX% some to sale paving environment. the taken current final
from to $XX net the completed XX.X% Marine proceeds In Group. of redeeming of the notes with addition Global sale million
reduce the proceeds the XX.X% our further with We on expect outstanding sale notes from the principal HMN. amount net to of of
of of to overall elimination say, and relief Finally, with not of our will delivering consolidated expenses. $XX the that to the that the I'm us. If debt sale acquisition in from future, non-inclusive of also a with From segment debt are on liability. use million elimination pleased inception any our companies very GMG's assessment indebtedness our approximately we the plans reduced in our the I marine reduce process into when pension of we GMG, change. corporate the today continual Strategic is for process made first we our through portfolio mid-XXXX, of
to year not eliminating Global our debt is holdco Group not Marine of continue sale began reduction a combination ago one-step towards debt. our completely to goal execute majorly but reducing that on just that of look the we rather of strategy As if over strategy, a
a DBM Broadcasting, emphasis is HCX an options goal with on Global. story debt from Life existing explore innovation strategic our and a we Energy while to around and Sciences, story portfolio transition to growth Essentially, being our holdings,
discussions our a were potential we We plan. portfolio Insurance, or sale exploring and DBM ongoing. evaluation options strategic assist Continental to noted that in reduction our publicly calls in including to Global, point we in earnings refinancing That was the were that companies that for last month, investment in debt process previous divest advanced for announced we
of always with we've been But, First, fourfold the we've became objectives the would total definitively platform proponents however, our capital and Since been expectations It, adjusted we've shareholder since time, additional of the Insurance, that grown LTC long-term in very apparent forward. acquisition increasing to back insurance. going five December fee base to meet we during the it pleased in both added that of opportunities continue than and XXXX. not QX value Continental through of our half less nearly dividend years. blocks the management possibilities
With was in our corporate and all opportunities. of various on new at along that yet stage to and provide potential environments, months agreement. long-term information enough listening while changing of we debt shareholders it exclusivity definitive economic have evaluating ago. -- potential context not a the discussions important with as overall Continental, our would to We continue began of the in acquirer this our in with was advanced But, are further reduction, we insurance, as of structure. signed as process opportunity that taking a grant update the constantly this us evaluate our simplifying well goal also sale regulatory focusing as we our in to businesses, believed strategically exit well as an number to that far allow With surrounding
particular which excellent been XXXX, a grow performer, how Global, been help a make purchase in acquisition perfect since another has our timely DBM and has of HCX asset. example can
year be attractive for five recently, we their on in business years, Over million most to $XX for DBM forma an the its the a in financing DBM’s process XXXX. addition calendar to is to and proven the structure, in basis XXXX helping further the secured to increase GrayWolf arrange pro DBM significantly adjusted overall $XX we've transaction, which acquisition million EBITDA from assisted past
$XXX With success strong million, believe over a to backlog long-term. its of DBM and the the continue in adjusted we prospects for
to alternatives, including strategic potential reviewing of been will we've evolution and the believe structure. HCX’s we which subsidiary model continue insurance, contribute with will business As capital for simplification DBM, and refinancing continue
that become more challenging last All a the month. environment of this environment, we it suddenly has since current our much said, also well given are aware announcement
Our value the what however, unable we to sales always remain subsidiary clear, revisit be insurance for rebounds. is with level expense when can at construction strategic economy ongoing. processes address reduction we debt or interest the receive if appropriate and the believe are and financing to But,
by to are above financially assets growth on We about a sharply beyond additional focusing assets worth best We value our what the and positioned long-term create higher many be our and today. at we are for excited the focused HCX. believe prospects will flexible think that shareholder for streamlined, HCX,
we're me Let to you sense why give of our a segment about excited future. through so each walk now
spectrum. back and the First, – distribution multiple of a is is broadcast of system, our including transmitter a prior Basically, we've OTA growing distributing seen TVs, year broadcast calls, significant Over-the-air platform? transmission segment, platform. etc. devices, of to your where the a ago over-the-air devices to at change A over refresher, one on father's a from a central which method free content the we've what wireless in days basic discussed or an television, from mobile over detail our content one-time, it's broadcast of over-the-air with bit broadcast
have the foot XX However, unlike XX antenna home a years ago, one have to a roof on apartment or building. of does
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the peers commenting their models Throughout the industry, growth. adjusting based and are on OTA
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and demographics Netflix, our with them provide complementing free in subscribing OTT any a to Younger through Apple complimentary XX their provider or is beauty service. of the will ESPN, and that television. window but, simple digital OTA and purchase in of is these to not and are of go get their eyeballs leave then as antenna cable Plus, behind. room to services to our living it that, strategy It's to, content platform as there way viewers really addition is they or, in the either an other no The million TV front
there to platform ways our about great money. for is is What make that are HCX multiple
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launch one-stop ad as and ad we're the with of and the providers based Cheddar dollars shop model news, National based as providers power a ad pricing [Altice] today. model revenue have sharing The Network exceedingly Footprint as content the the This revenue stream more model attractive value-added number content available where a is ad beIN revenue based with Sports. could of an be considering doing In X proposition is share a addition, result. stream number we and
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be Live sports and our beginning the recent are particularly news to content validate broadcast can valuable reason for agreements our in business. entering
other to non-traditional we of maximize full offloading the ways utilize mobile overall valuable within traffic We as to look as also believe such the there our capacity network. are spectrum
the to These Puerto XXX U.S. we When we plan of bring XXX XXXX, of -- the top make DMA's in our top XX we largest and U.S. we DMA’s. the plan that we XX approximately air were and broadcast stations, households, complete licenses, Nielsen. of distribution XX% in TV with the TV an additional X online to XX according U.S. the that Rico. nearly today, and across presence DMA's XX, total in represents platform of total XX% of total over to U.S. the would the XX build-out This the us As including the DMA's represent expect in have XX household, of
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made of clinical in $XX valuation FDA a U.S. second post for pivotal to valuation will post million money of valuing Huadong a Huadong $XXX equity $XXX trials investment million. upon achieving a MediBeacon investment at of real-time. MediBeacon measures equity upcoming $XX kidney fund addition, an FDA which approval determined approval of million In pre measurement make the through money TGFR function initial process, system, its also and at MediBeacon million
have total in to realize we $XX a thus invested value Pansend HCX million We, this through are of poised investment. MediBeacon from and substantial
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entered China exclusive agreement, products other devices XXXX. partnership Greater RX and In in Pacific and with Under strategic distribution an addition Huadong will to also MediBeacon, in distribute a RX Asia into countries. Technologies Huadong lightning
is valuation the In phase post of companies of $XX made product add that addition, million investment a in next funding development. and million money a $XX RX market equity Huadong
U.S. in the RX to begin devices in for the second expect of commercial XXXX. half We sales
shareholders. these value We investment provide excited return significant potential with very to the for us on for and are maximize about investments
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an the cutting. progress business, taking with strong our with cost ongoing marine debt plan started reduction already has XXXX the hold, of divestiture
long-term are our and growth believe and move HCX with innovative we the balance into we processes, on firmly strategic forward transforming our strengthening to and As company. insurance construction path we sheet
Life efforts enhance firmly while reduce Science value team shareholder All management driving DBM, broadcast improve portfolio is to within over HCX’s and and and our years remains to committed believe the energy growth That overhead on continuing capitalizing subsidiaries. value we will these our the longer positioned, margins. segments not point, uniquely only and efforts further this also term. and created but at value
as Finally, the we Independent Board month. welcome Julie Springer Director our last newest Ms. to
robust a Board a Our right marketing process help requisite The diversity strategy Board, adding Committee had for growth in add the to deep went Julie the will Nominating the and Director, candidate searching marketing our of complement the story. not leader communicate skill but who and and of evolving been looking Governance also our through set like long and proven for to had only Board. innovation a with qualified branding to and expertise HCX long-term a
turn call CFO now to our With over that, discuss some I'll the Mike highlights. financial will our of who Sena,
