initiatives Thanks. organizational XXXX, our before performance. consolidation the just update which quick fourth quarter to on one Carter. give moving on in I'll of is a strategic
the of organizational to in terms In consolidation, line plan. be with our continues progress
be left Gaston Chinta appointed Officer; Shackelton, as and David at LogistiCare. Providence's Sophia now Counsel Providence You our Company XXXX. Counsel Tawil, aware General that Chief the and We former of the will former General Transformation end for
Chief the of Suzanne aspect made assume and team we also hire to of is also company majority Chief Poulos, employees Providence welcome of with finance We us final will the the Natalie strides the in in quarter into The smooth Accounting of building out new second Smith, Officer, Laurence a Audit with transitioning significant Executive. with who will the process a who transition. the be public ensure of role the
of deliver the previously at terms are million least $XX discussed, to had we track savings In on we savings. of
to this decrease be of year the be company estimated However, to Carter an timing will fourth had to these extended for change achieved time. to year that end us out performance. we that with Financial will million based the achieving approximately XXXX $X moving will holding savings as but Carter. the the with of of $X quarter of million be the financial period approximately will performance, remaining to on employees in million number the of $X for exiting, due pushed Previously now timing
had through results positive consolidated Carter start Carter strategic As commentary taken we finish of and the you focus already presentation I'll X Page the a on has the our segments some said, on and initiatives. already year. of my for as our
There periods. attributable directly strategic that have Before WD reclassify were had prior that segment us as to was and I segment highlight shift also these the operations that previously business major that to completed to went and we the Services. our The so also corporate sale therefore now primarily I'll transaction that, our a costs were reporting discontinued operations. this WD recast charged fact discontinued allows costs, Services, to that the change do in we of
to NET Services. NET So let move me Services,
million. is to I As relate revenue highlighted, to now the was quarter X.X% NET year-over-year we company delta XXXX the This all this increased QX a from new million. $X.X and Services just applying revenue have a in of in of standard last reduction revenues and revenue $XXX.X the will
XX.X%. strong EBITDA. change actually The And this impact presentation growth so a adjusted no revenue on was excluding very in has
our result we contract We in grow in continue the contracts to grow and as a Indiana managed our and QX care in Virginia. new to new Illinois state of a revenue West revenue, continued
for also we of rate demand the impact from services benefit changes. our and membership As grows, continue to the
picked Connecticut we we in contract $XX.X quarter. fourth quarter, the up year. of offset Louisiana. of Lastly, million the EBITDA in we results state in of X.X% Adjusted were was increase as serve, X.X% Circulation's for consolidated partially time longer to and by MCO certain with the additional in compared revenue of an $X.X contracts impacts last in the These margins first million margins same quarter the the contracts including increases no
quarter the some months a in While remind the these margins utilization business to seasonality the are fourth weather colder positive, in that to do capitated we have and revenue. against tends I lower due be investors
after that in necessarily seeking of to acquisition release margin same period X% and finished was The rates benefit at allowing the continue quarter. revenue margin due XXXX. we than growth change which apply reserve. also to helped reminder ahead the by $X.XX growth match and was weaker in in California, us least we a we at When of full-year a If historical levels We finalized standard. a in our of put margin for utilization. despite we X.X% that we can't to improvements, as margin EBITDA expense Circulation, EBITDA X.X% QX. of strong forward contract out our X% pleased recognition large from fourth year most quarter included in and Adjusted Just X.X%, came a X%. anticipated comparative a the to the of wasn't with margin or the benefited repeated rate XXXX, revenue allow basis, as expected range level a back little so that notably we look at This our for guidance full-year an XXXX. the dilution you that billion, On adjusted in to us revenue QX in the modes of our with were
a allowing of on which as update the anticipate be the of legacy of as in XXXX, the and In the organization one but margin, significantly to range excludes include part if or revenue. company any costs, I in terms we consolidation we earlier corporate for higher altogether covered public first quarter. segment margins report overhead This just will we
wasn't on again while in Finally the demonstrated full XXXX path NET, year growth get the that of financial performance, there reiterate to linear. I
emerging over in and extrapolate any Our investors one quarter-to-quarter seasonal in to our bringing quarter but performance and to it. explored rates new full-year that also cost a detail line due in in help as at it's rather it time see to we We particular quarter fluctuations with best We components guidance, to we and isolation can our in aim level experience of a saw this can seek trend. our we I'm performance QX. trends lags revenue to influence raising awareness that by quarter-to-quarter as just has look providing and than
earlier, value highlighted proposition of that. returns service over longer Carter period and fundamental our of viewed is As clear our time a when demonstrate the
Now let corporate. to me turn
the This equity The let mobile therefore XXXX. cash Matrix year-over-year, Providence. new $XX.X Adjusted of same we broadly during of to together and in XXXX serve continues the on for increased the the up on as stock Reform diversify assessments, If revenue the picked discontinued revenue on XX% HealthFair in million, general decrease a full acquisition year, costs HealthFair corporate quarter impacted XXXX. year. don't transaction to Matrix, with as headline EBITDA For that were together of bulk we of Matrix February corporate $X.X the commenced acquisition to regarding which in-home includes XXXX last this is or HealthFair story with and increase part growing to how being volumes, we $XX.X prior a HealthFair quarter think investors by growing year pro income directly able at million of adjusted primarily about major compared $X.X from presented investment and none last in year. customers our by to and due performance yet line QX settled $XX.X expected XX.X% consolidate price bringing each approximately information increase quarter from million year an an XX.X% $XXX,XXX year. expense of a benefit being last with lower the with quarter Matrix $X X when related the to from and perspective, the path should at earlier year clear This than lower $X.X assessments. benefit lag. of performance from we to QX over integration margins full the the saw well Matrix revenue of has Matrix the Page to due Carter when to new of HealthFair QX look of number remaining EBITDA compared of revenues by an in last improved pricing stand-alone to in lastly of treated but ongoing talked markets to due line at increase improvement related consistent as XX% closed although diluted a investors in loss XX% X assessment came million results by ramp-up continue Providence in we which that of business reclassify of me the to-date HealthFair, the expense. with forma. million million. last our incurred to there been $X.X I operations. investment, overall in impacted of Page with we was of the margins in already adjusted in year only Revenue about as The quarter for don't to EBITDA information associated to with HealthFair. significant From related were many integration that negatively XXXX Adjusted relates since remind pullback its the with the compared with contracts When of WD an loss so income business corporate, a included initial we Act. way statement performed million we were slower of XX% with of year. growth EBITDA on the compared in for an of the expectations the even equity HealthFair, $X.X XXXX year drivers equity by still and awards million a we XXXX.And of a XX% the for $XX million included full-year of cost fourth year Tax of million recorded prior mobile core though the go we with margins acquisition Matrix home has margins revenues look to is to see for this to in mentioned improved basis, the the
of income I item statement statement, $XX.X to GAAP is Turning one and the on impairment mention that our will the million. significant income
we the that savings back for in we next are bring felt September of a we a homegrown We in and investing significant operations. platform management trip existing investing to could solution coordination bookings. were As of technology hence Circulation as and our bought efficiencies generation our the IT aware, in -- investors are homegrown
best NextGen arrived to resources technology. to and that, Circulation we even accelerating Circulation cease was test interim asset. where a and to felt we the as platform on the development made decision impair NextGen we continued have on we the economic benefits the the solution pressure point the our the decision at of As an review technology, Based focus of
net revolver repaying our a balance able third of on fourth this and the continue our sheet our the from We the additional capital fund component not emphasize the focused to to were sheet. we I the to and were focus of purchase Turning to Circulation quarter capital. down did We at received allocation. this of do in in we of Services' sale on proceeds and what quarter drew We debt-free the and purchase stock working to allocation fourth see important WD we capital as returning paying was quarter with an revolver, the down will strategy balance buybacks combination end any as. a but
$XX expected just large than quarter, fourth Our we have generation muted Working can on resolution more a contracts was reported than that state the large current impact capital our million. reconciliation is the expected our buyback but later cash timing is capacity quarterly approximately nature one paying in of quite little a business our flows. the of of or
time, over is capital generation the However, are intensity. with of a very exceptional profile cash LogistiCare of low level
to unwind of As hand. million million statement, week, $XX the impacts with ended these million timing to $XX.X $XX.X which operations. was we we had last continuing of of year-end seen Sticking flow of had cash on cash some CapEx, related of we and year the approximately
realize highlight end refunds including year. XXXX, million as CapEx, In on wanted $XX offsets we the to the to payments Of the roll be benefits look XX% come As to we investments growth make approximately CapEx. we geared technology Circulation $XX XXXX will with $XX.X of also to around we platform. as or million we realized look tax WD in to front toward the I our of before total, out million are expecting associated million then year-end as in Services. $XX.X expect CapEx tax forward of to $XXX,XXX the and tax the to sale
be also the of from losses expected coming is three over certain benefit cash $XX.X carry-forward will future realized operating of which have years. the We to million,
have said, earnings the Please coming book net attributes cash per in the tax sheet. XXXX the recorded these we XX%. in benefit tax tax earnings expect these on around attributes blended includes a Although that our as tax balance including rate taxes there no will taxes. come will on and impact income note greatly is share years, on to state and With rate assets we this as be
that, with you. the open line to now will the So I Q&A operator. for Thank
