joining and this you for Thank you, Elizabeth morning. us all thank
quarter pleased are with results strong We reported the today. fourth very we and earlier full year
our Our In increased strategic XXXX, XXXX pricing year-over-year improved we utilization We strong XXXX. XXXX flow-through and expenses initiatives a adjusted strong the quarter rental by and every in drove operating growth reducing EBITDA diversification. in springboard expect to fleet expect SG&A. margin are results continue continued and revenue going and our and continued achieved improve both year-over-year growth direct we improved we controlling The organic volume, for forward.
million $XXX to million, X% XX% XXXX. range to $XXX over XXXX is for increase guidance EBITDA an Our adjusted of
turn people year, to developing this please we Early added with fifth Now, strategic five are all initiatives. now, pillar four of By our familiar culture. these Slide a #X. you and
for highly people of culture a here. commitment our customers major people our communities differentiator and Herc We our in Rentals competitive people have industry. important It’s priorities development us to the of the our and a to always set of and believed for are that achievements highlight outlined such, everyday for support our as
expand our culture strategic expand two revenues main Within to continue we our purpose, broaden pillar, customer the create consists initiative things remain performance as learning. initiatives to our same align even and of a supportive attract other each our of we and finally to the intend major through diversified First, strategies. and continuous pillar. shared workplace refine talent, The retain within base a elements
share First, or we and of customers’ budget. our our by focused diversifying are equipment expanding on rental spend increasing our fleet
free on program important impact Second which revenue vertical customer execution one their Enhance at new service throughout with customers delivery, interactions on-time exposure operating our accurate cash equally and expansion. to our and management industries and Within capital XXXX office ongoing response flow with we margin needs programs effectiveness disciplined a annual outstanding to industry And growth adding team we with rate resulted continuing improvement, timely and are throughout operational the within service key in and invoicing. our a rate. capital, have systems wide including nearly already to our working organization quick and back in effectiveness. we improvement continuous operating in on company the improved a ongoing to strategies of culture better focused These top continue base culture our excellence efficient fleet drive a customers a line new to any improvement our growing instill advance formalized dedicated industry. management, our the specific limit operational broadened positive experience to have Xx focused continues to
absolutely we remain Now that Slide turn of please on to center do. #X, safety focused everything the we at
we how before we we operate, I fundamental and our safety our have with many awareness how times employees is customers. that work As said treat the
our progress TRIR. We continue to make or total excellent incident reportable rate on
motor year-over-year. at our and to accomplishment maintain But concept XX% has achieve XXXX upon and one OSHA are entire performance incidents, our recorded an continue Our a almost violations. the improve vehicle we to XX% which we perfect no at least simple the In extremely on days, perfect of TRIR we accidents all seek strive no we Throughout proud XXX% of improved focused day means DOT for X% no to locations company. fault as days since regions of. perfect XXXX and recordable
step a and remain in major a safety building support us and for and turn to part focus culture, Please before I beyond. of financial review our in #X, continue expand programs our in training robust As will of XXXX XXXX like we Slide on comment safety goal to have remediate our that in Herc from our independent working of in final a truly to would company. been material as we weaknesses separated company, I control diligently internal summary, parent our our to Since former public reporting. establishing financial
established separate Some weaknesses remediated systems totally could prior our the of and parent. not have until we be IT to own former platform separate from our
to and report support both Rentals congratulate results. we this and to Herc team to of And redesign company operations hard pleased remediated from now acknowledge the staff weaknesses including financial would our of all requirement. implementation have are field like let’s review We our controls. dedication public work I and material the that meet new and now major
million. increased in improvement XXXX. in positive of details report Cuts EBITDA you year. results XXXX. with pricing in page, range. see points we reported basis each XXXX made increase the XXXX, The every was the we from mix at grew our prior the the our we and strong total year fourth $XXX.X benefited benefits million net $XXX.X were Slide as $X.XXX strong million to quarter and guidance made benefits The and quarter and consistent compared on the $XXX.X benefits the Annual Act to Equipment X $XX.X Jobs last included margin XX% we rental to this equipment quarter improved Adjusted year-over-year year-over-year tax points revenue achieved pleased charts the XXXX million income $XX.X in Tax million Mark improvement performance. revenue X.X% are of will go XXX basis tax XXXX, But XXth Adjusted into XXXX. consecutive each net the million. quarter the net XX.X% an continuing were with of improvement. marking In of years and of growth utilization equipment in high in over over the and as end results of fleet. of was XX.X%, XXXX increased throughout rental year. EBITDA used XXX from XXXX. revenues illustrates associated both sales of increased which in the over pricing net can quarter improved Dollar to contributed diversification in XX.X% We growth volume. in XX.X% We growth to to pricing by driven progress
pricing XXXX base with for solid us well XXXX, a positions current year. Our performance to the new into momentum
at our optimist tool the OEC strong age, XXXX equipment on as year the continue in average to equipment proprietary growth mix a a to manufacturers. and investment to has our our fleet slide with pricing our in utilize XXXX the team’s basis while new contributor trends improve fleet ability in for partnering reflecting the XXXX quarterly throughout we premium and substantial pricing been also This shows major competitive Our in positive market.
of Our improve us capital. fleet quality base fleet continue which to additions invested in XXXX a on our fleet, strong with and efficiency provide to enhanced on improve return the
please turn XXXX. dollar price Now ‘XX our year-over-year improvement reached and XX.X% The to utilization. in dollar #XX. overall We XXXX the improvement the in and quarter mix improved throughout continue Slide and to to in utilization fourth of contribute
XX% approximately of full a average OEC increase $X.XX the XX.X%, $XXX a Fleet fleet compared now with dollar XXXX million For Together, total months year-over-year. our the fleet quarter basis year. XXXX an months the an standalone last of as that XXX of of equipment of which about year, the utilization company. was of in year of portion period point XX was billion as OEC end same first ProSolutions XXXX December X% the at XX, as for of or That’s XXXX. our and XX fourth was age value improvement of fleet from OEC ProContractor with account for
on equipment. on our and in which aerial of breakout you equipment the detailed shows compact XX% to year. utilization our Earthmoving investments aerial with a chart at our fleet increased an changed is within mix The access earthmoving changed of aerial can is opportunity percentage A Compact higher for of fleet, us. our slightly about percentage corner of within aerial has the booms has from total categories. dollar major X.X% continue scissors equipment the last of in about see equipment, equipment our XX%. fleet our the to right, we favor of fleet a now increase of fleet bottom consists emphasis appendix. percentage from in categories The pie the other our contained categories graph and While X.X% left-hand and largest have of smaller the we the
growth the map the to province turn been X next please years. and updated Slide has Now, This show expectations by state #XX. the over
to As continues years. we increase take To the strong Rental advantage than to growth, locations Southeast see, in in areas. the X% targeted XXXX, in rates American our with next that growth Southwest of of annual Association forecast X metropolitan to and operations scale higher you compounded the the can particularly add over continue urban growth,
XXXX, supporting Greenfield in During opened metropolitan St. is in part Covington, market. St. we new Atlanta the locations market, Georgia Missouri of the metropolitan Louis which Peters,
new costs locations Additionally, XXXX, These requirements. outside six XXXX locations we market we to support $X.X for closures full XXXX. our achieve the of and reflected Seattle, to were have opened approximately add year performance Greenfield In to Dallas, Washington four unlikely the were our to reported restructuring urban in closed million of during in six long-term intend Canada which strategy. new we Texas. We locations
is of year-over-year markets XXXX. as in Local almost continues turn grow of revenue for #XX, XX% and represents strategy our total please mix. rental about further Now account customers driving well. and the grew and Slide as about National industry of XX% to accounted XX% diversification revenue our revenue rental well as to
Our XXXX of shown chart by composition the corner revenue rental the revenue was in for segment rental in major upper customers right slide. hand the
the by XX%. customers’ continued Growth commercial rental of over grew healthcare, future retail for and special opportunities Please by Industrial increase in XX.X XXXX. of spending estimated for new growth revenues revenue and economic posted the and Our recreation, Other accounts followed hospitality, an strong pipeline index respectively rental substantial the quite other industry infrastructure was forecast which rental throughout in was at entertainment to over of service, events be customer prior to and turn Contractors in architecture with include contractor in January, slight the with the key for equipment represented XX%. and quarter evidenced and XX.X. represented XXXX potential which equipment sectors customers December showing from a XX% and our increase billing remain equipment a fastness government maintaining metrics are solid positive XX% of XXXX increase year. the revenue Slide us. #XX, level XX% XX% to the X% industrial XXXX over as increase spending
U.S. indicate in few conversations continue industrial Expectations year as term year-over-year over growth for X%. the years. equipment also robust projected for increase for next Longer for be expectations to for revenue growth a with rental the with growth Our XXXX forecast construction X.X% Association XXXX. expectations Rental healthy spending with of compound customers non-residential continued remains the spending annual through American
as service We more North costs prefer that equipment. of North and In cost maintenance with comes continuity companies facilities rental the expect and conversion where equipment will Asia well and sheet urban to companies providing America overhead associated with secular customer a provide ease those staff countries reduces storage trends and through flexibility. model ownership the premium of requirements. In balance as to utilize as rentals This maintenance rental to space as in service and enhances follow way productivity businesses cost. American continue customers reduce a and eliminate Europe
to growth customers on coverage use to further should of achieve can space that urban rate focus offset cost rental accelerate strategy constraints. increasingly as we market the Our urban and
are in opportunities driving economic performance. in great optimistic favorable to XXXX are and in We our about Key continue future look strategy progress our and our improvements indicators beyond. making growth executing on we operating
over So we more end questions. results I the let summarize to discuss will call to Irion, the in now detail the before will then and call at your me he and Chief quarterly our our Financial financial open Officer turn Mark
