everyone. good John, Thanks, and afternoon,
Specific sequentially XX points prior the to reset rates, mask over liability. cost the year. worth basis due primarily workers' our million it's the prior in more the revenue expectations, end represented XX% with on care few into the guidance XX.X%. XX% in benefits a with the as professional rates to ranges. and start faster was get of basis a down $XXX than XXX travel insurance, driven adjusted tax in our declines that minutes.
Gross for points continue gross due highlighted by well higher Gross principally from and the subsidies of the in and profit certain the to details was comp quarter versions the local second was as year, $XX for quarter to the the which primarily as the for was noting near year, As housing settings. release, Consolidated revenue spread, up pay million, Gross decline on trend. continue was assignments in lodging annual large down of bill press of of sequentially just and to overall quarter that such travel I'll segments performance second but assignments and line payroll at pay -- margin impact margin high XX% EBITDA health bill over acute margin
and head sequentially Moving general the $XX with and million, salary over the and the of XX% relates lower income costs prior down count. down associated statement. reductions majority Selling, in X% expense administrative benefit to decrease The was year.
Over been while costs of parts leveraging the count since last by XX more seeing months, funding metrics the have and middle-office by organic capacity proactively the we align where for are in order with operational in of our our our and to preserving the business scaled than certain we capacity XX% broader and opportunities start processes, head growth.
By down investments the year. market enterprise we've off-shoring managing U.S.
quarter As and a stock-based adjusted basis, the for the XX% was compensation, SG&A revenue, excluding costs an on implementation SG&A percent roughly was ERP of XX%. and
started our ERP replace the initiative of now systems live, and phase first second for billing. have payroll phase middle-office multiyear to of we the multiple this With
million, this complete. us impact reported a we of MSP the operating into expect a a Also within reported expense the middle bad to $XX XXXX reflecting by will debt of expenses, take next We single client. phase bankruptcy of
impact the adjusted from the to unusual our this pertaining bankruptcy, and have a client we Given distortive charge from excluded such EBITDA.
calls, on business down from client impact is the in operations majority on there significant been as As had the the of no previous year. wound discussed this prior
an representing other of for the credit. adjusted near of the fees letters costs our related the EBITDA high range X.X%.
Interest was for $XX related normal add-backs, EBITDA of million to quarter, debt the and primarily bad our charge adjusted guidance Excluding $XXX,XXX margin expense our to our was ABL carrying and and end outstanding
As collections, of ended strong quarter once a with no outstanding. we the our debt result again
offset a by more the end will net debt moment I'll income income quarter, and on partly was cash ago primarily detail our position income the likely million. rate. into capital our of the mentioned minutes.
And we significant for the on report depending reported statement, allocation a of few was interest Given a we tax an benefit $X.X finally, net third by tax quarter, This I benefit tax charge decisions. in go the at higher driven bad effective
permanent as tax meals certain income. and for the impacted Our nondeductible well uncertain reserves positions differences as by is our rate pretax incidentals relative of overall effective to portion such as tax
Our adjusted higher in of tax overall the performance the share a towards primarily as earnings lower range, of of $X.XX resulted the rate. per end result
Turning the to and prior revenue down Nurse from XX% $XXX allied XX% the of and sequentially segments. reported year. million,
Our XX% sequentially year, the rates. was largest Allied lesser prior billable a driven and and down from and business, a primarily hours Nurse in Travel by bill extent, to XX% decline normalization in the
prior the business and impacted Should modest such has PACE As start improving XX% sequentially timing program also the sequentially risen anticipate was Fueled quarter results.
Similar this by of of allied, revenue over months over on local Staffing the by continue, outlook, our just since or growth.
Education prior from organic rates in was business softer Also also X% another up have with X% quarter. to our diem a a X% open poised and recent clinical per year, an school nurse year. continued more due these demand and is is noted, we the respiratory. travel, labor the our for number having down X% the in with to wins, With the XX% to fourth increase contingent travel them trends up several John meaningful demand approximately orders down we're up see last starting a and of sequentially. as breaks. impact Homecare MedSurg, would but believe ICU been we our order specialties third for
which with mix the of prior favorable over sequentially prior rest Finally, up the the was both Billable accounting Physician and Staffing reported X% X% a up record year and over sequentially. days and revenue, year $XX in X%, million increases. price were for the
debt. to Turning cash in and We sheet. outstanding the $XX million the no ended balance quarter with
With the the as accretive make to quarter, well million flow collections health to strong features of primarily reflecting technology sales repurchasing in cash and for start by under well $XX $XXX outstanding technology further new well-positioned an our balance $X from from ERP a plan.
From XX-day expand our the improvement days, perspective, million operations year.
Cash used clients. days was to build-out in repurchase second of activities sequential we representing investing as as Intellify XX cash remain fueled continued Days investments we share sheet XX of generated was as million, strong and and investments since our functionality in in flow, cash continue the and acquisitions the deployment of shares the system.
preserving to will of to the XXb-XX expect As the debt nearly million shares repurchase cash roughly more million repurchasing no cash, stock, some plans.
With decent the X our investments. a shares I to million our guiding approximately of expected of a driven on strategic We're number of by the amount $XXX to me third in outlook of X% This the predominantly XX%, decline brings between but fund travels revenue remainder be for to assignment. sequential representing and cash buy in for quarter, continue throughout of shares we of and XXbX-X shares we quarter. X% trading of million, opted result strong outstanding the or we'll $XXX our both a the $XX decline million of under $XX year, and amount to
stability. remain a travels expected Let will down pause second. to is the on the I think some Though of it's of that throughout travelers me quarter, sequentially, are be seeing that number for note just fairly that we the steady indicating important to number
number in With production, we in and the of in recent start late see travelers may or the grow fourth. commensurate improvement quarter third in the to early orders rise the
expense million between in the average is approximately count on guiding to representing of gross margin adjusted revenue X% X%.
Adjusted With share $XX sequential to per EBITDA depreciation decline earnings based concludes expected Operator? this and and open $X of between compensation $X.XX of EBITDA between $X XX%, Also million million $X provision is lowing margin XX.X an expense $XX of of to income million, an a million.
And interest now like we'd our remarks, share range prepared the amortization of guidance profit, assumed $XXX,XXX, lines $X we're tax that of and in the million, and million for an between be gross a shares. of adjusted $X.XX and and stock-based and questions.
