Thanks David.
enviably lot opportunities welcoming positioned I'm a many in delighted by capitalizing on to while accomplished the scale. to the with an broad-based it's has be here Univar strategies add ahead. in great with part sector of team across Univar supply start improving company. with many accretive chain a Solutions, our of is margins The our a Solutions people team and been a value
all with working to forward this look you I call. well, As of on
profit improved disciplined EBITDA approach quarter dollars cost our for David growth quarter commercial million results As and The margins adjusted reflect year the well acquisition, double-digit net synergies realization fourth and gross EBITDA. gross $XX adjusted in from benefits as mentioned, $XX sales financial of our improving of the our in Nexeo million force margins. and as execution, to and the drove
loss million $X.XX per to current Including our lower more Nexeo’s demand of extinguishment per integration on million share reported net Environmental performance The various or and debt GAAP or GAAP QX, global prior pension loss $X.XX of by were share a the net of we of gain than compared $XX.X benefits better mark-to-market. expenses income earnings, for the EPS $X.X divestiture markets, operating taxes, industrial year. in in and Sciences offset
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GAAP Page to financial metrics. of basis. a XX.X% key certain constant gross highlights On exclusive $XXX dollars profit a or currency basis, grew on XX.X% million depreciation X
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demand estimate Nexeo and about sales offset last more synergies. were the from driven chemical two-thirds on positive year's financials, were volumes macro with X.X% currency we When both this and one-third The chemical basis. conditions the global impact of than of impacting and execution profit mix improved impact from gross dollars lower coming negative force pricing being legacy a product remaining down depreciation results by adding approximately by exclusive to constant
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the as the realization of impacted improved and execution continuous from contribution favorably product by as was force Nexeo our towards sales EBITDA well and synergies. Adjusted mix efforts
an As by improvement on capture market David approximately were to mentioned, adding from synergy than more results, a offset the lower last dis-synergies. estimated currency negative adjusted basis. EBITDA was Positive constant year's X% lower and demand Nexeo margin legacy basis, by driven on headwinds volume impacts and
of prior reduction was demonstrating lower flow business year cash due of networking significantly with Our resilient the flow. capital to nature our from largely model countercyclical ahead of the cash sales,
for in Our top deleveraging. cash of use be short the to priority term continues
earnings and of cash a public the versus residual as towards debt leverage end ratio, company, at net a year the the of Our million, XXXX. decline at our contributed $XXX in lowest X.X X.X ending QX quarter a
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ROIC including which benchmark. goodwill Moving be intangibles reduce forward, certain the not will will we only
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we of rate cost XXXX, end the the a run million, year of on by date. During million are captured Nexeo third we closing net track $XX $XXX annual synergies from the achieve and to
approximately at $XXX estimate of Our million. remains cost integration
$XXX and on integration, expect to spend to million XXXX, $XX in million spent we the In expenses, $XXX XXXX. excluding million deal-related roughly Nexeo
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end Nexeo’s QX. higher, reflecting each our was Let The segment gross management, of me of sales up of basis share in XX.X%, margin U.S. consolidated sales highlights as XX% and reported geographic synergy XXX now well as basis, our represents execution, total product focused market mix, a segments. capture. force points net On favorable to margin
On Nexeo. cost by the benefited discretionary cost front, we spending well from managed net and our synergies the
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in segment net consolidated Canada was Our QX. sales XX% of total
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Excluding debt the of recovery, gross the impact Brazil expanded profit XX.X%.
of higher is cash business cash provided our XXXX, $XX.X model. in than activities operating by QX reflecting countercyclical Net $XXX.X million last year, flow million
Nexeo also between payment legacy from Univar. terms We’re harmonizing benefiting and legacy
initiatives. above year we the with $XX.X were of in initial our outlook and and digital expenditures growth driven Capital XXXX million and million ended timing additional CapEx, funding $XXX.X by our total infrastructure
from challenging are as exclusive allowed performance, grow and outlook, with of operating adjusted margins Nexeo, in a toward These net XXXX the improvement recovering our XXXX This gross net market. of addition gives us sales, profit and in stronger our improved Turning to a us margin depreciation, clear synergies. despite EBITDA projected macroenvironment. we benefit the gains to achieve confidence
and Sciences into to XXXX the low-single $XXX full Environmental adjusted EBITDA is to up year two of related $XXX in growth in of first of within of XXXX expectations. XXXX. expect range EBITDA certain below adjusted account million $XXX be the compared range million adjusted is segments million quarter $XXX.X continuation as With soft digits, EBITDA million million demand a Nexeo, We to the EBITDA we expect of $XXX weak the QX long-term and to taking in of of million. pricing With divestiture, industry but $XXX months and our to a trends, be adjusted
soda commodity additional especially chemical year result negative and trends principally energy in QX, Although prior pricing by caustic is driven we in the and upstream cost to acid. decline in expect synergies low relation double-digit in versus deflation, hydrochloric
the sales will for particularly by year of execution. more improved market many as midyear, the an the be completed US allowing expect of even force We activities our effective profile, integration growth in in rest
decline as our product adversely this a of becomes pharma Finnish part by be results space. company business year full small a EMEA affected will in The line $XXX in to the in versus Our to expects earnings of XXXX. build flow, by driven also in second QX working million generate million $XXX half a cash is net growth decline in a free which capital
industrial for production like headwinds caustic commodities and US the made the certain EBITDA $XX assumptions: following energy in pressure impact $XX half pricing to guidance, the in million. back our year; million continued, EBITDA recovery; estimated hydrochloric a bulk year we by determining flat In of weighted acid of
continuing Additionally, exposure. coronavirus limited From excludes we a guidance from perspective, any impact the have outbreak. our sourcing direct
specialty However, customers verticals XXXX. continue have both million supply and of monitor and authorizations net interruption the situation our approximately the for and more the in in especially synergies chain chemicals, cost to assume in sales industry and region out our from $XX in effectiveness, risk Operationally, Nexeo we in we’ll may improvement closely. supplier efficiency of and continued new dedicated growth
decline million interest assume EPS for we $XXX income XX% no net of with $XX tax expense pharma EMEA of adjusted to million, million, expected rate Furthermore, XX% finished to EBITDA of unusual average shares in the reflected million full of weighted Diluted XXXX. the tax to transaction outstanding for the items of in issued due common XXXX. shares largely being Nexeo XXX year $XXX
expenditures assumes in the Free value has we're management competitive in cost been the we and The during growth create strategies which all digital and how Overall, acquisition to certain includes integration further ability Nexeo which infrastructure a for are to our other of slowdown deliver capital sectors. performing investment our initiatives satisfied advantage. key $XXX clear flow increase $XXX cash million to success stakeholders. our in long-term our and of our has of million on in
With that, you, it I'll turn to David. back
