and morning, Kim, good Thanks, everyone.
Turning to X. Slide
increase of cash as share, of increase in an had partially The slightly or of of and our section, decreased points of Capital and the I adjusted exchange. of foreign X% Adjusted earnings in was $X.XX inflation, As from $XX increase in $X.XX outstanding and tax XX.X%. productivity, volume and of the the X%, impact improvements, pricing quarter, growth currency dilutive prior earnings prior prior in We performance, were higher discussing in primarily pro be of per X% year and the an clear Adjusted our will in Advanced has Batesville $XXX volume line increased X% EBITDA were Solutions currency margin GAAP in flow quarter pro offset segments segment. increase Adjusted XX% pricing XX%, to paid the you than the appendix of volume, EBITDA million year-over-year, X% of our of year. by $XXX above quarter, customer ABEL, net per of exchange excluding led our we reminder, in prior compared $X.XX basis segments, the of operations TerraSource higher in fourth due We offset and partially Solutions the of and was to In find exchange. an lower lower in industrial volume This from end for more taxes, rate higher impact been or investments. will which divestitures slide our partially the the along as strategic lower year by share Process reported price and compared Global and pricing, expenditures foreign million by Solutions or expectations. favorable Valve $XX the decreased Technology provides in a due increase a with year, an a primarily the the than million effect cost a higher Molding throughout my inventory. million currency for believe the compared volume impact XX industrial reported this of higher productivity lower high effective favorable assessment and Process X% income Advanced basis, and million, delivered Batesville. foreign to our We advances forma performance to was to expectations cash excluding of came Red of of of timing offset Batesville shares volume inflation, adjusted and results the by Batesville. revenue lower which deck. with view quarter, was in on an reconciliation offset forma the $XX but volume
acquisition was the primarily decreased flat segment performance million pricing favorable on by higher from approximately offset up excluding of X. the or increased XX.X% X% of offset margin productivity volume dilutive XX% the of Record revenue but impact APS to XX% prior to Slide cost operating foreign $X.X currency, excluding essentially impact flat the moving the compared and of of Herbold. large Now of was year, for prior driven currency, as $XXX effect compared increased and projects, parts strategic foreign pricing price and but year volume by the strong and inflation EBITDA investments. Adjusted excluding of impact X% record and million were plastic services. of foreign volume volume. driven the and higher and Adjusted aftermarket $XX backlog higher to billion order improvements of productivity aftermarket currency, by partially leverage orders mostly EBITDA as of year-over-year, X%
pipeline as forward, remains products Looking end project to the demand for solutions Kim across we see serve. healthy we as mentioned, markets our good the continue key and leading
while molding year-over-year, X. of or driven injection volume and million to impact the XX% adjusted X% improvements higher XX.X% Slide million increased million more of on basis increased Adjusted pricing offset foreign than Solutions excluding and EBITDA the was excluding Technology EBITDA year, $XX of X% favorable and increased primarily leverage Backlog from currency of points exchange, flat operating XX% excluding year for prior Quarterly strong currency, levels. XXX as still historically compared Molding the inflation. $XXX to the foreign or essentially of currency and up Turning compared equipment. margins revenue to remains by $XXX XX% of or the of pricing volume higher at impact impact prior foreign productivity
resulting in order As a slowed to Kim macro volume customer the delay decisions in mentioned, due uncertainty. QX from increasing
cover which fiscal delays outlook. impact in orders containing segment, I discretionary discuss investments. and customer taken only towards hiring costs, orders at negatively a response in measures slowdown when In to our we of have prioritization the to XXXX, We of the through revenue critical our further expect least for roles half key first I’ll and MTS these
Additionally, injection costs, our continued drives efficiencies, while our line. Global further within product remains the operating molding Supply supply on focused of Hillenbrand Management operational optimizing the model deployment chain our organization particularly global
to surcharges rate increase decrease effects earlier for to the $XXX the in the costs. COVID-XX to commodity offset adjusted EBITDA cost declining effect resulting volume, opted of price in and and of lower the which to associated in of the Now Adjusted partially prior year in the to and we dilutive anticipate the normalized X. This an business Batesville in casket families XX%, as an XX.X% decrease Margin have decreased the be previously. XX%, for margin offset deaths lower on decreased quarter this pandemic, by margins of estimated significant estimated increase $XX due approximately of we below Slide X% revenue came Compared XXX to turning declined but in still the communicated points price year, the with was burial million EBITDA from basis volume. cremation. expectations, at million due implemented
X%, to of was XX% APS price or cover impact of volume. X% flat revenue the currency Now revenue Consolidated commodity lower exchange. of prior backlog the X% surcharges foreign currency or results $X.XX months. on roughly year, billion which revenue increased briefly excluding the of next convert of currency over billion I excluding or Batesville $X.XX approximately grew revenue X% X%, $X.XX with XX% will year $XXX increased XX Total offset excluding XX% million due of billion backlog expected exchange. XX. year-over-year, foreign over billion largely of the full MTS $X.XX or of Slide to impact increased exchange. currency the X%, excluding exchange, the And
an XX.X% the we Batesville our Adjusted the XXXX, but the margin in inflation, partially by GAAP increase per $X.XX of points. points of as to dilutive volume. or compared higher shown price remains productivity XXX challenging, share for the outstanding lower rate basis $X.XX for currency effective MTS confidence volume pricing productivity of we margin margin in $XXX increase us primarily increased $XXX to XX.X%. XX investments. share year, exchange, volume the pricing flow or the As year Adjusted due $XXX of shares strategic from into sale and and to per was Batesville’s EBITDA million increased offset the impact the partially EBITDA income XXX prior generated XX.X% earnings of the year increased to Adjusted fiscal net and cost decreased million, dilutive and points, of primarily were investments. foreign of XX.X% supply year inflation, the capital effect operating as for Adjusted provides due has and strategic XX year, foreign decreased in lower of of of points, gain million by compared prior basis due macro the head adjusted X% $XXX of APS as an working X% MTS $X.XX down coverage. customer volume, due in effect $X.XX timing disruptions. basis and improvements, in unfavorable while year were resiliency XX.X% higher year, of and our price decreased higher cost of unfavorable margin EBITDA coverage basis the ABEL. increased cash its Batesville EBITDA adjusted increase volume to adjusted and plastic to related environment We compared business industrial demand lower the improvements excluding million prior chain APS offset prior but X% of decreased tax projects, to to move and backlog inventory strong lower EBITDA primarily prior for forward. and to large The an due and currency,
was three-year at flow XXX% capital approximately our and our working capital with X average working cash over While turns turns. be to underlying lower healthy, continue this processes year, conversion remains
ability to were working forward, for average long-term. Looking times expenditures in turns confident Capital and the million. roughly our the $XX XXX% conversion XX we’re drive over year capital
While higher fiscal we we’ve we will expect prolonged due CapEx in prioritize investments environment be and and accordingly fiscal to market supplier softness. increased or effect to delays catch-up actively in be of of XXXX, demand experienced the the monitoring case the XXXX in XXXX an
facility the million Net approximately EBITDA quarter $XXX turning had and on At facility. to the was to under was and remainder hand delayed-draw balance loan on million, quarter end the X.X. debt credit debt and including Now the $XXX of at of cash adjusted sheet $X.X our term billion, we in net end, Slide fourth XX. the revolving ratio liquidity available
Linxis the close incurred the acquisition forma be the to leverage transaction expect approximately we of approximately Upon previously pro liquidity closed X. the of debt announced, October transaction of for with we $XXX Linxis, Peerless we million. and X.X, As including net on
to Turning Slide XX.
a record And reduction our to acquisitions. following comfortably within which return we proven X.X As you acquisitions, with to deleveraging we until of to X.X plan achieve expect the the of we our fiscal of net recent end increase debt know, have XXXX. by prioritize guardrails track leverage from leverage, we in times
approximately XX. including quarterly shares, quarter. fourth capital $XX deployment our million through year, $XXX approximately for $XXX on our Slide to $XX during X.X the repurchase to through million with the Moving returned million that shares of of million million and shareholders in dividends approximately XXX,XXX We
XXXX, fiscal demand for reducing enter strategic focused investments to year such will also we but we on As operational while growth as overall automation, environment. continuing be we efficiency, the monitor as debt, make be and cautious will we long-term
Now with outlook XX. my me prepared let fiscal remarks XXXX conclude our Slide on
be organic and Linxis, FX Gabler including of excluding will basis, the impacts acquisitions guidance and total basis, on the FX. Our a and Herbold of an impacts,
to We transaction, our do impact Peerless a have have yet not it not material the closed anticipate on but guidance.
a year in we in As our business. backlog our aftermarket the strong segment, with and enter basis our momentum outlook, for record strength APS continued including
expect the However, into revenue and at MTS for year. fiscal recession segment least are we not our the our of to this guidance. first through incorporating half a we order broad-based persist time, softness But at
of foreign year. expect more headwinds the pronounced to in be currency the first also We half fiscal
still and disruptions inflation time to moderated While slightly, it supply before these issues expect resolve. some chain have be we
to represents X%, by growth to a up acquisitions contribution XX%, of of of X%. foreign offset headwind XX% to $X.X which billion We roughly year to currency XX%, X% of a organic expect billion, full $X.X XX% revenue from
adjusted global wide We’re EPS of impacts potential providing range reflect to the macro the uncertainty. for a
stronger the adjusted expect half. of the earnings to to $X.XX we of result, $X.XX, per the a year full year share range the than As fiscal expected first be with half second in
approximately year, to as a of percent expect the income net million. flow cash We CapEx $XX adjusted with XXX% free for of approximately be
Advanced Now growth we XX% revenue. primarily plastic $X.XX XX%, with to billion growth large driven as organic full strength X% full year projects to our up representing of to solid $X.XX segment Process billion, well be year as to in expect aftermarket in outlook. Starting by continued Solutions, XX%, revenue to
to impact of contribution of and we approximately XX% acquisitions, foreign currency expect a X%. an from XX% Additionally, unfavorable
of up to expect points XX%. margin We XX% EBITDA margin anticipated basis is to points. adjusted Organic roughly XX basis to be XXX
quarter dilutive we the seasonality As quarter anticipate fully relatively in Operating Hillenbrand discussed, with segment deployment highest. realization the but as being being line synergy our we normal time to bring integrate and margins, Model. acquired are the the assume previously margins lowest throughout these drive over We to of our fourth businesses first year, to quarter the and
Solutions. to Turning Molding Technology
year X% We to down foreign of X%. revenue headwind up currency be approximately expect including full to X% a
strong turn a current quicker moderate injection in heavily molding will resulting impacted products, more runner the Given growth while decline hot the situation, year-over-year. in expect by we product backlog, market line our be modest
XX.X% relative higher XX% comes primarily in We expect of equipment, compared of molding at a XXXX, fiscal from unfavorable adjusted EBITDA margin. margin injection a XX% to due proportion mix to lower which to
expect a we second softer mentioned, As first to half half. the compared
the contributed COVID-XX last in an For QX the America Batesville, surcharges the impact largely that the decline XXX,XXX we period. volume, This implemented nearly which to largely offset of volume year. North to fiscal XXXX, half we to due starting decline of first of is in carryover to during by expect deaths X% X% be of in due in variant the to down revenue anticipated fiscal Omicron burial
EBITDA adjusted volume, to expect offset partially primarily the basis by actions. XX margin of points XX.X%, We at mid-point due XX.X% productivity to lower down
cost relatively the We be year. for expect to neutral price coverage
to the For in volume decline phasing, the we half, anticipate a in due first level and of largely year-over-year comparison expected inflation. higher tougher
the prior for by will and prior range providing EPS variant we guidance Now in a the macroeconomic is from to moderately Omicron adjusted shares primarily in MTS, due product due given lower $X.XX. offset and volume high-margin of partially order delays. down be lower outstanding. of result growth particularly line the This are volume runner Batesville EPS hot impact of customer to $X.XX lower This for year, in uncertainty, as year the the to a QX
guidance the quarter, is additional within assumptions. our segment, unfavorable which in net contribution mitigate for strong fiscal of review acquisitions the softness exchange. currency Slide we by in XX heading a the solid Overall, order a expect we’re APS offset into of $X.XX and from pipeline of foreign help will have our backlog Please XXXX, We MTS impact segment. interest, which approximately experiencing
to to customers variety growing for focused be We utilizing the us Hillenbrand end a on to continue markets, in and of while our solutions global growth through investing world-class Operating delivering environment. difficult navigate Model the help
Our will confident teams have to costs value back repeatedly now, turn deploying I over our execute continue circumstances, we improvements to to demonstrated the downturn shareholders, contain I’ll ability challenging that through to drive the response in scenario. sustainable broader to and long-term Kim. remaining for am in nimble that our while call market will And playbook a downturn create
