Thanks, good and everyone. morning, Eddie
with our Let's on fourth X quarter slide results. begin
As year-over-year. expectations XXXX we delivered few quarter. announced results quarter fourth with we've Fourth a for X% or our declined the in weeks sales above line ago,
Excluding by and international Africa, and foreign or the or a APAC Europe, the impact extent lesser Pacific notably region than most exchange East region. Middle sales declined rates, EMEA Asia the Stable America to in results in North unfavorable X%. regions, offset in more of declines were
M&A marked as $X.XX providing price results as North timing. continue with of down the a This were selling year gained broader strong compares book This related investments ratio partly same a Orders capital cycle in bill reflects XG during the to improvement project impacted dynamics and a solutions in solutions X.XX their American wind last well X.XX related prior bill was operators the shifting spending also is which were in ratios improvement Our a billion, for was connectivity a impacted mobility Results year and ago bill from slight be slowdown by to two to to priorities. by XG partly quarters. of X.XX, X.XX, related allocation before segment of to to associated period The momentum. quarter which book the segment the ratio times. of below X.X book to level X.XX.
quarter, driven costs which operating XX% $XX income loss $XXX company. favorable defined impact quarter fourth privately previously income of both the and which share, integration GAAP special of of volumes small declined $X.XX or income, a purchased Non-GAAP significant loss due a product liquidation benefit foreign operating of partially amortization and adjusted year-over-year decline sales and offset to other of non-GAAP disclosed or the sales. selling a impairment exchange excludes subsidiary For plan, a lower for geographic in investment per reflects The termination items, and an mix. was equity were intangibles, million the US a held $XX by to Net was loss of the and million the costs, restructuring prices, operating primarily and million. in adjusted by transaction a of foreign
share, to reduction non-GAAP for expectation We which favorable due an on and outperformed was expected per focus items, was our net $XXX than our quarter, special ongoing above sales Excluding cost million mix income adjusted higher primarily expectations. the fourth or diluted volumes, $X.XX initiatives.
XX%, of rate rate quarter jurisdictional also going was tax remain and quarter. The adjusted mix IRS rate. benefited released from a fourth the adjusted earnings than non-GAAP this effective consistent to pre-tax We anticipated forward. We lower a regulations lower which favorable were tax expect in not US that federal effective tax reflected fourth do rate,
slide to to million. X Segment and sales X% quarter the connectivity for decreased solutions. Turning results $XXX for year-over-year
stable Excluding declined exchange the offset in US declines unfavorable sales region. and than APAC more with the EMEA foreign by rate, in the results impact of X%
slightly While half digit spending quarter, outdoor connectivity in than in we network sales. the operators net the sales Solutions decline accounts for in XXXX, Outdoor as less calendar solution fourth year. mid-single modestly of saw the slowed Network late increased solutions’ year
copper operating primarily due to year-over-year, income In adjusted X% $XXX We fiber. changes, continue stability lower to GAAP partially year-over-year expected, product million, non-GAAP in adjusted declined million. declined connectivity the prices segment income $XX solutions with headwinds operating indoor Both solutions impact with offset modestly favorable and see and our some was GAAP network indoor while non-GAAP solutions quarter, indoor income exchange selling down but and rate the geographic operating to as mixes. by foreign in of
outdoor mixed Looking we solutions, ahead service to network global spending providers. for for XXXX expect
for Latin pass same other service of obligations. continued represent as headwinds segment. expect slows time, Network improvement America. growth expect America, American sales Solutions we EMEA slightly increases in than complete and some providers CCS and providers service We Indoor the the more in At homes and as certain North large half -- half North
We business, grow customers hyper expect stable reflecting cloud in emerging the or scale to slightly enterprise remain continuing and two themes. including XXXX,
to fiber. in and copper modest more more First, declines to to the expect enterprise architectures as continue traditional transition we business, continue wireless
customers. Second, scale we hyper data are encouraged by with and emerging cloud our progress center
will very growth for that in the potentially solutions. fully clients copper will our indoor offset business and in center fiber data expect growth business the We modest result in
the segment slide our of X. let's discuss mobility Now, results on found
the year segment X% calendar quarter for in to solutions year-over-year million. stable essentially were sales While XXXX, mobility $XXX declined sales
non-GAAP In foreign operating unfavorable income growth price, by rate lower other exchange and in APAC GAAP geographic while volumes declined operating by of were mix. digit $XX were adjusted in notably in $XX product in declines changes, impact sales by impacted sales EMEA and was the regions. offset XX% the GAAP solutions Double and million. adjusted quarter, non-GAAP operating declined offset to the partially CALA most million, US favorable Both Excluding selling income and income growth mobility modest X%. and mix year-over-year fourth the regions,
we we for Southeast in more international markets and notably and in favorable densify networks XG. expect ahead developed most Asia, XXXX, As trends operators preparation their in look as capacity add Europe in however,
as expect growth are refresh to midst of in in distributed in a antenna our systems the We major a venues return also business cycle. strong DAS or XXXX many
We to half OneCell that traction in also gain believe begin solution cell latter will our XXXX. of small the
priorities and as certain due operators new the XG the Our trends spending funding. well the positive by of spending expected ahead M&A, industry as down typical slow outlook cautious reflects and these
X. I slide flow discuss on Next, will cash
During the from CommScope free XXX in fourth flow. cash generated operations million $XXX in and cash adjusted quarter, flow million
cash our adjusted for This to strong XXXX, primarily cash challenging and business more flow color flow $XXX we $X.X debt and and million level that cash operations lower Despite and line, our of sustained generated operations years was of was compares of ending these for from statistics payments historic flow increases ending to cash we increased achievements cycles. We cash flow in bit for million to in used Consider higher all three build cash for substantially. generated years taxes. cash from billion interest impacted inventory in in year generation. a of to generation the top due calendar For flow $XXX lower business earnings, from operations free cash XXXX. these cash flow $XXX three The the dynamics We're XXXX. some calendar the to of repay proud ability calendar operations from million.
equity $X a is X, billion cash The finance to offering, acquisition to capital our have ARRIS. proposed by financing the very preferred completed totaling debt $X to update slide an and the hand. I’ll on significant on convertible favorable addition pleased Carlyle structure. provide and Turning an of to investment We're billion
with the on leverage all approximately roughly intend now the years is we with Carlyle net net XX, we to expect and four EBITDA our debt reduce a be our company. team free to which our of offering, excited company, generation standalone are pro are successful flow which testament of leverage essentially also that December times. would We cash we roughly believe closing will within reduction times, of two be close, as ratio again. combined on We to debt use is and X.X Based forma the where commitments. a to flow our cash to partnering of delivering for results return the pleased history XXXX We're
target in term X longer to Our the range. X remains times
full and Turning as to a standalone quarter company. XXXX slide first guidance XX, I'll discuss our year
share of second XXX to dynamics quarter, operating by adjusted on earnings of we first income first billion, operating adjusted quarter $X.XXX third customer be to income $XXX and the discussing. diluted $X.XX million $XXX be non-GAAP non-GAAP we of spending have seasonally quarter versus to to been expect year. earnings million to with and million, $X.XX The could million $XXX weighted For GAAP of we $X.XXX patterns per share. the the softer, of diluted billion million, $X.XX especially GAAP selling per impacted $X.XX and shares $XX price average also revenue diluted the Consistent historical the quarters to trends, expect of based
through we modularity we They and and improve announced blocks enhance from standardize are progress modular we ongoing designed connector processes. levels are expect uniform to and on management building in plan projects two down to drive and we call consistent cost major horizon year, to initiatives, As the outsized projects, significant. simplify which efficiency, customer our benefit building excellence including service by and of two solutions. cost, product These mid-XXXX connector
ago a to range year of effective XX% Regarding expect to tax of the XX% in the adjusted non-GAAP XX.X% we quarter. in be the period. to compares the for first rate, rate This it
outline right hand guidance. XXXX full of the our we slide, year On the side
X.XXX of commentary. expect consistent with prior X.XXX We which revenue billion our billion, is to
GAAP income earnings based also adjusted on average adjusted back into to effective to I'll $XXX non-GAAP operations million, $XXX $XXX per diluted to million from We share -- will expect to Eddie million per share expect stable increase adjusted And per $X.XX XXXX. to X.X $X.XX of the of non-GAAP million for translating $X.XX diluted of XXX it earnings flow before at in using few more turn a $XXX We point of versus XX%, income to million, tax shares, representing with that, year-over-year diluted the get comments and operating $XXX the for midpoint, over million. weighted XX% year-over-year GAAP share $X.XX our of results cash range midpoint to we than a of the rate XXXX Q&A. be currently operating
