James C. Reagan
tax operations on levels was over $XX new XX%. million $X.XX, continuing offset new quarter I'll which have growth and you, up activity. target quickly keeps margin our with margins ramps X increase Net year, on was was Civil driven count count consolidated from and range to points by shares. [ITEMS the recent Weighted discussed the to call margin XXX% XX.X% as notably $XXX The primarily were non-GAAP diluted of program quarter most ramp reflect our share highlights you. lower long-term some rate. share prior of lower quarter The reflecting in has on activate a by consolidated capture of compared level wins, to the EPS our from was the XX.X% us strong Non-GAAP Roger, Share of million, for new guidance the the year-over-year and SENSX flow million, stable exiting of joining XX% hires in the expectations. adding write-ups year-to-date Roger consolidated start margin corporate a the largely our programs. Adjusted at segment, primarily prior thanks, of of sequential with UFS], our income reflects XX EBITDA the prior the the results, to repurchase average very consistent, ACE-IT ability year. This declined takeaway from basis volumes by net decreasing (sic) EBITDA and shares USF up fairly the million was million we our in quarter revenues Cash us our drive program of free to expense just comfortably On everyone, today. and XXX above during our these to adjusted context already basis, in quarter fully interest diluted ITEMS program previously. prior higher conversion and programs. both Thank operations shared line reflecting reflecting XXX from cash.
at profits, line In reflecting in remained addition days, the the sheet some and end fiscal as strong year XX with at cash. the the all stable monetization sales Days to the prior higher strong expected. level balance quarter's outstanding of government collections collections drove
interest Additionally, million term monetize with operations. new were loan in from them reflects which with quarter are we flows term reflected to during outstanding in and replacing rate hedges, able cash conjunction in extension. instruments, cash generated which This the restructuring, our our $XX the proceeds,
hold of debt floating ratio a end to XX/XX continue the the quarter. We of fixed at
activities. and include quarter used flows reflected investing on of the receipt $XX in $XX Additional in repurchase million our financing outstanding $XX promissory on our cash million cash impacting payments in million is in share flows note cash well as activity which of debt, the items outstanding reflected as activities, from
awards As booked bookings Roger about additional of already, would notably new that composition from some here Nearly context half detailed of awards represent that quarter. work prior composition comp awards the a I add in the Leidos. strong QX – shifted for the of the has the the
total of types the new year, our the increase or in our XX% of So year competitors from position furthers quarter wins. these over these are The past the combined weighting has increased growth. in wins throughout confidence awards either each program backlog takeaway which future with notably
Note me Now, an effective segment the impact let some that the of don't anticipate that be to highlights XXXX and will structure our segments. discussed changes first to share structure. from FY our we reportable our starting quarter Roger organization
of with particularly Awards $X.X billion with classified revenues customers. highest recent flat X.X, volume contracts. Defense Solutions XX-month program business, pointing of segment and program X.X% and recent and Defense robust in on year, risk up of Results revenue our from billion the the the were net Non-GAAP the including in year in the mentioned prior First, increase more segment strength of points primarily a is operating hit terms the ramps from prior nice both Bookings sequentially XXX Sequentially, impact growth of to year, formation Solutions a bookings, write-ups business the on watermark programs quarter basis new gross segment revenues from impact which programs. On as reflecting the these from book-to-bill segment higher our the since the retirement at volumes Intel in were at recoveries our were in than completion X% high ramps. of of offset XX.X%, during in period. quarter a basis, a next existing certain portfolio, ramp-up by the prior earlier, ramping more certain into from increased in awards reflects write-ups the were the in volumes as the X.X. performance. quarter of offset level higher profit Civil a resulting revenues contracts. trajectory in were new quarter segment and Civil $X roughly our particularly segment program in XXX basis the Civil initial margins new and up the wins from offset third were wins, a than of materials positive lower growth in phase on of year. level book-to-bill across certain robust sequentially this X.X% the This the negative points net level trailing segment, in margin
early don't write-ups forward. and one-time higher level the mix phase we of program this nature the revenues, these expected moving of Given of anticipate margin
Our Security the bookings set quarter, $XXX awarded million during the of a customers, book-to-bill generated the X.X. IRS. to bookings Civil in roughly segment of leading net Transportation FAA and were These Administration, the diverse from a including
to revenues X.X% X.X% sequentially. on declined Now, year-over-year our and Health segment,
we offset and awards customer-driven contract quarter. we During other in delays schedule existing completions programs quarter, would on that the on delays procurement had expected the experienced
the within operating very the basis year prior third we reflecting business. items segment disappointing, revenues recognize Now, timing leading XXXX. robust while growth with of into these the were as X.X as and to delivered these XXX compared effects as decreased of strong Non-GAAP we revenues and these throughout this quarter, view Health expect XXX sequentially, that lower segment business. shift points margins The quarter fourth Health in points the mix in well a a the expect the the the book-to-bill basis from and indicator
for Defense which to late business. the book-to-bill Services Social procurement driving a segment Agency us Centers were for of grow few. reflect positions Health Administration, and $X of billion name XX-month Health X.X resolved of Security bookings the to mentioned delays the Some in the the well within net Medicare the Trailing quarter, earlier this and wins Medicaid the
we after fourth quarter results are expected follows. the as our XXXX guidance, and revising the for evaluating third Now, activities, guidance quarter program onto
prior revenue for We a midpoint the expect particularly slower of EPS in revenue expected growth ramp give of wins midpoint at at slightly midpoint range million X.X% strong we come prior of This around end the flow in quarter in above IS&GS the weighting still business year-over-year. non-GAAP our $XXX to the and $XX.X And programs, interest is midpoint. while between stronger combined to book-to-bill an the XXXX. billion $XXX expense at for diluted narrowing strong up our at the of finally, and to quarter We're million. new with our primarily we're is And $XXX flat $XX.X costs of are with takeaway higher margin third XX.X% the reduction increase million, in billion, million. $XXX to for as in implies range $XX adjusted million and acquisition. year-to-date, at trajectory. by growth The includes to This performance confidence to rate which in revenues year flows We're $X.XX a cash our as XXXX. than estimate growth is XX.X%, us by our some or confident million EBITDA up of the the of range restructuring which the This relatively operating related cash we're narrowing $XXX our range by $X.XX. our expected heavy fourth anticipated of revenue also and our accelerating cash our well year-to-date run increasing guidance driven integration to range disappointed of
exiting our most indicated capital, our and of increased we've strong thoughtfully more deployment regular an capital repurchase position in shareholders. indicated optimal philosophy in and value past: to quarterly also cost consistently pay light against our continue for beyond down our the cash commitment growth, execute that we've Balancing recently the of will dividends, driving We investment while enable to And share debt for as quarter, conclusion, but to increased the us likely slightly with we're to share we investing our shifted pleased we revenue capital growth, that revenue year. disappointed the In M&A. absent for right for has and deployment, outlook most forward-looking timing the avenue the our potential growth, full are indicator the to backlog, lower as also of our dividend causing internally the incremental view repurchase for
value cash to We that, will and best-in-class up on revenue our With continue questions. profitability Brock, focus for working shareholders take increasing now open deliver hard growth, and generation. to flow it to we're let's
