good consolidated full Scott, implementation on Thank note strategy. the the our guidance business, start year integration I through we and will plan as targets, we with results quarter and fourth our for synergy swiftly everyone. progress our execute focus continue you, FA on our Please color an particularly provide I'll walk morning, X.X with results, our on to you and to of XXXX. program, that update Today, X. our on Slide
pro fourth million, revenues forma were year-over-year. X.X% Our $XXX up quarter
of First continue and down the business and Legacy levels. data Advantage million to affected continued the on negative revenues volumes transportation results were remaining over base last uncertainty
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revenues a shorter compared notably QX expectations. and weaker As prior for to in expected our lasted such, were seasonal hiring than slightly year duration and
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Pro our Legacy X% trends Advantage XX% contribution line a were result
As variable Legacy FA's business structure, a the our model for fulfillment historical Sterling have adapt cost more part integration including working to workforce we are of plans, to management.
Sterling. we also fourth the through headcount diligently management quarter, while and During our beyond levers above integrating cost identified even savings normal
Turning full on to results Slide X. year
EPS. were our company to with EBITDA, segment, annual year-over-year. is we and reported solid Legacy down were the continue on adjusted First driven This $XXX basis diligent adjusted revenues Sterling segment, within million X.X% First on year. can points prior total, Advantage our successful with Legacy by $XX basis, performance First growth margin the were up or mix million, of Advantage year. controlled environment overall for XXXX, from be Vault year and in what But Legacy $XXX the revenues First was pro uncertain flat our down Legacy forma the
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In million revenues X.X% net constant noted, adjusted further million, And Vault forma business our $X.X year-over-year. X.X% pro International adjusted the in forma $XX Sterling's were million previously ranges Total XX.X%, controlling income Americas its In and and and EBITDA of for a as line XXX year-over-year down products towards macro our diluted pro combined was revenues adjusted revenues, at volumes. XXXX $XXX revenues were revenue base year-over-year. of International acquisition. up and In decline, EBITDA impact Legacy for revenues lower lower-margin This the margin billion, from approximately were
to Turning XX. Slide
full of the year moving XXXX, EPS year parts. the diluted full given We bridge unique to XXXX are detailed from showing adjusted all
diluted million, was, our was sorry, and year was full adjusted $XXX income XXXX EPS rate tax adjusted adjusted net $X.XX, effective XX.X%. Our
to share last when quarter's XXXX as guidance of EPS growth As in our synergy as target on million achieving and XXXX Slide of actioning great diluted accretion, gave interest of see EPS EPS was shares. quarters. progress anticipate Also, continue updated initially of how Sterling the issuance
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All to Sterling adjusted expiration years were we to are our incremental noted, of approximately expected swaps. in which an XX, $XX XXXX time, with last We financing from expected initial finished special we million dividend, presented synergies goal than accretion by the mentioned more at share are we $XX favorable our When were million as not program. can actioned, million our our within million adjusted last actioned the actioned, $XX million synergy and our substantial
are dedicated led the leaders operations our management plans. execution of and product by Our function integration driving
been we additional plans, for target opportunities actioning have savings, us cost confidence of our we As today. range the lower integration giving synergies end raise our to in have uncovered
current has able our certain we Our expected. commercial quickly previously corporate reducing duplicative and functions than our in departments, on have action redundancies internal and to and and been costs reducing focus fulfillment savings these been in more
historical the first This growth fourth Slide and rates. metrics target for quarter, QX Sterling. result, seasonal Legacy Advantage ended expect we from the time, upsell, propelled as a softer have within same have base well hiring strong six both Sterling's achieving
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In first showing as Legacy combined acceleration quarter. objective by our with base and seen Advantages This can retention and Legacy what consistently now remained has for has more are upsell historical attrition, Advantage First be cross-sell, new Base year. in similar impacted We As First with environment and softness the
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and to leverage turning Slide flow XX. net on cash Now
focus conversion last XX to generated basis we continue and a months, as in our year-over-year remaining $XXX Over on X% working the DSOs capital flows our million, closely on check. adjusted cash increase manage flow operating with a cash of we
Our XX, at $XXX million. cash million, minimum above XXXX, cash of our balance desired $XXX level was finishing December
purchases for million $XX million costs. and full for software equipment capitalized During the we $XX and of year. This was used quarter, property the development
pro leverage net Xx long-term Our close forma reducing XX adjusted forma months target year-end committed net Xx. our at remain our post to to of goal of EBITDA We leverage was adjusted and pro leverage within to synergized net X.Xx. approximately towards EBITDA synergized X ratio
XXXX are allow noting to a Slide that by for all pro start to basis guidance. year-over-year forma I'll comparisons our on easy comparability. XX Moving and
XXXX total adjusted $X.XX range diluted expect and revenues $X.X of We to to of to million billion the $XXX EPS EBITDA $XXX in of $X.X billion, $X.XX. million adjusted
into flat assumptions shifts segment, full At expand primarily growth. to are related pro little margins points. adjusted to over a revenue, factored adjusted guidance basis EBITDA we year-over-year Sterling do the forma by mix approximately expect For Also XXXX range to EBITDA X% our within our represents year midpoint, impact sustained business, current XXX margins. our our within guidance this which
synergies of accelerate XXXX to range reflects $XX with in million the guidance in-year our focus $XX realized to possible. savings our Our being wherever million
our labor includes market. also guidance macro view and Our latest the on environment
we broadly XXXX, be market in looks entering not return seen investment labor yet to of hiring our stable more a While verticals. have
in the such, our towards a the growth first guidance particularly As half of prudent posture reflects in year. XXXX,
algorithm year, of through a expect on our at growth lap the and base year the slight base our until we we expect more the year. the growth and do the Said guidance year to is revenue growth consistent across neutral positive
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expect customer as also line continue our of historical to XX%, to Sterling we integrate even remain strong around retention acquisition. the We performance with to XX% in
led FX FX factor our markets of will and XXXX, to have While business, on a a our stabilize as been an seen has headwind an the big larger U.S. impact recent our that to we dollar not business international recently, strengthening growth. expectation in for has have important slightly return
guidance. at now XXXX phasing our of quarterly the Looking
to diversification the quarter third. the year. the year-over-year expect on how to This the vertical in result fourth X% revenues by more quarters over with the first a that our anticipated QX is dynamics projects decline expect approximately Sterling change of and and of sequentially exposure and seasonal sequential par X acquisition, for XXXX revenue to of year-over-year X% We growth quarterly improve with growth
margins reflects Sterling's closer first have the the We margin mid-XX% and seasonal range, revenues ramp. been to yet to expect quarter historically Legacy as XXs XX% in our the have impact blended during EBITDA First in high Advantage margins, which to Legacy to adjusted be QX which mid-XX% the of
realization margin adjusted the QX, above benefit synergy with Additionally, of environment to expected we well positioned we be during our drive to to Starting the when sequential additional believe pace macro adjusted are that margins improves. Overall, expansion year. EBITDA is EBITDA XX%. we extremely expect
We due We the and just QX expect acquisition adjusted impact adjusted this EPS $X.X and by between a meaningful improvement extent, revenue I expect diluted during the expected seasonality be is to year, mentioned the new the financing. driven impacts the our $X.XX evolution diluted we our which EPS the recognize macro improvement primarily and of lesser that guidance seasonality to implies considerable a QX, of acquisition much the Sterling to $X.XX full as stabilization. of billion ramps. and
After
EPS between of to We diluted quarters. low to XXs X expect share our the XX% each last for adjusted to $X.XX the per mid- range
provided assumptions in We summary modeling presentation have XXXX appendix. a the also selected of
Moving to XX. Slide
XXXX messaging. open
With we that, Even before have neutral the continue and just guidance up illustrates Scott for as our to turn sets adjusted from very expansion XXXX EPS diluted the the adjusted XX our an expected XXXX We is over understand share back year-over-year Sterling line This provided diluted growth let us closing This important our EPS the me I our previous to XXXX. and acquisition adjusted in items, adjusted after of which in adjusting for have the investments, projected impact months Sterling aligned environment to questions. for remarks in bridge, synergy to well mentioned. and of years, which coming we macro diluted it realization diluted EPS financing and XX% to the XXXX issuance takes expect and at EPS expanding is midpoint. puts
