Eddie. Thanks,
of details of quarter, brief the the discuss a XXXX. we review I'll with start Before
the sales ARRIS the acquisition. billion year, of For $X.XX of due $X.XX from contribution increased year-over-year, billion the XX.X% to full primarily net
company, sales the net across tensions to were merger. we regions spending, of declined temporary exchange. significant As pending sales geographic $X.XX due pause down and impact foreign includes all which in and faced a T-Mobile XX.X% Full operator a cable in to unfavorable Sprint geopolitical year approximately combined spending reduction X% a billion, as trade
$X.X $X.XX billion to year, full increased XX.X% or EBITDA sales. or adjusted XX% the For to of XX% billion XX% sales. adjusted declined of Combined EBITDA company
last Adjusted have units sales year. adjustments including fourth $XXX.X operating goodwill net as Included as a income spending year Since our share our for resulted in these share the operator of per $X.XX $XXX.X annual of was our reporting took customers we following the key closing units these income impacted as declines goodwill $XXX.X cable and or noncash challenges diluted acquisition. a million of declines as in net compared income ARRIS the quarter ARRIS, adjusted reporting net charge diluted million to impairment test. loss well in impairment per that leaders in performance, the that the or in by is related net to million $X.XX that income result to of experienced
recovery in We anticipated by a initially in starting XXXX. spending customers certain
reporting factors the However, trends number anticipated customer affected a of required change one inputs, results, future support units. and market fourth an of process assessment planning market which the quarter, new annual arose, and during operating strategic these historical assessments specific each of costs of in to our key in dynamics, including
of less noncash the recovery, of As of in a carrying a prolonged that charge. we the each these reporting factors, the units and ARRIS than its we result fair more resulting value, expect impairment value goodwill concluded was
impact $XX.X sales revenue consolidated from quarter, sales driven foreign cover a X. revenue accounting $X.X less a XX%, quarter our include benefit reduction increased which company ARRIS adjustments. acquisition, of declined the to sales Moving billion. quarter to deferred unfavorable by results. $X.XX to fourth purchase than billion, Combined of ARRIS net I'll fourth contributed Slide the In fourth X% primarily in the net which exchange. the million related includes
year orders were a quarter factors full Fourth sales $X.X for of Consolidated the results. providing were impacted nearly largely billion, same that quarter X.XX. ratio the our due down book-to-bill to
pricing EBITDA Combined $XXX.X lower Network material well commodity adjusted raw fourth this adjusted by expenses company of we volumes, the driven preserve improve results particularly, EBITDA EBITDA operating & were did Cloud EBITDA XX.X% environment. as in points partially as a to result operating XX%. with The Solutions. to and favorable sales. increased margins profitability have lower difficult Connectivity a taken the For million as XX.X% XX we aggressive declined or as actions offset primarily manage We to however, and of softness quarter, XX.X%, adjusted basis
ahead To cost-saving the track and of that end, year actions for continue synergy our plan. to
annual ahead of exceed of third synergies saving stated to cost rate million the expect to continue anniversary the We close $XXX of our the run of goal transaction. an of
net interest Book P&L. expense was the Finishing $XXX.X up million.
of Excluding debt OID $XXX.X and amortization the cash $X.X an interest expense was million, million. of issuance costs
earnings. adjusted The the XX.X% quarter lower-than-expected of of effective income of per net net The as tax foreign was income expected was quarter year. the in XX%. $XX.X versus the fourth quarter our share per in million the result Adjusted million was in compared diluted tax diluted rate last share or adjusted $X.XX on U.S. $X.XX cost to $XXX.X XX%, favorability range or
segment geographic results. in for Solutions soft well regions, year-over-year fourth quarter region as $XXX all were most Moving across Latin as Connectivity Pac on in to significantly to our X% the decreased Asia million. segment Sales the America. sales
continued international Tier sales center As the our most segment, deliver wins cable tensions. take connectivity North major in momentum large brands as was decline North build business. carriers. Within by and continued growth by driven was softness key hyperscale in within of in the customers major data the continued to operators this network preference cable partially cable negatively declined by enterprise, as result carriers. particularly, Despite its of business markets, by global out. the X American continue X with strengthening in reductions with a double-digit China their the copper we spending and significantly within expected, by This local as were offset capital geopolitical overall American spending and trend and operators This on projects impacted declines trend results
with down given Adjusted chain. high year-over-year in million, mix, EBITDA connectivity and was of XX% supply was sales connectivity lower EBITDA adjusted cost of fiber primarily fixed lower nature decline about $XX portfolio to unfavorable volumes, higher-margin our with due margins XX.X%. the our profitability. The Turning to to
a Mobility pause to for fourth million, related delay the Segment to Sprint on sales merger. quarter by primarily $XXX quarter decreased This impacted to X% spending order Moving fourth and T-Mobile by impacted Solutions. over sales in X%. mobility the
deployments on business in and and spend uncertainty to Operators declined continue to fourth solutions U.S. continue growth our quarter. exiting to their the in more merger we delivered Metro While and in deployed to macro decade. We've in Cell networks, DAS led now Cell in tower growth India, building focus sales due our Cell our XX,XXX to on primarily unprofitable in densifying triple-digit the decision expect the next this continue Metro businesses. momentum than the Metro and continued
In EBITDA by pricing mobility over declines million by EBITDA to mix and Adjusted or volume, geographic favorable quarter, sales. adjusted partially driven XX% XX.X% reductions. cost manufacturing lower of the decreased offset were primarily and $XX
Turning fourth to XX% Slide from quarter X. year. a were of $XXX The CPE, sales net prior decrease million,
basis impacted costs both margin declined weak contain revenue carriers Tier and EBITDA by were increased volumes adjusted expansion lower of material to pressured. X $XX revenues while EBITDA operators. of Tier actions the of expansion sales year-over-year, costs to sales. to million, CPE was X from increasingly result are XX% in margin continued The demand and aggressive XXX While resulting points X.X% cable
operator back net For a Cloud, Recent was be the to sales. EBITDA declined lower million, Network XX% fourth that downlink operator our uplink will The coupled and to investments investments will continue million, while with a the $XXX levels network within a access bandwidth forward. sales start rate. sales position that grow, Network XX% to and Network margins migrate to of for decade. remain confirms coming in network shift spending platforms, year-over-year. guide through were & Adjusted the the going to to to confident in underlying -- to bottomed as XX.X% $XX commentary Cloud adjusted their With & investments distributed of demand the demand strong at of we of both decrease that XX% XX% cable continues virtualized XXG in sales XXXX. capital architecture operators deploy infrastructure Cloud quarter a bandwidth sales they in and remain grow continuing infrastructure consumer We attributed to decrease EBITDA & network expenditures to the
net what's of year. favorable been we've $XXX executed and cost prior basis million, million EBITDA Despite very quarter the fixed year year. year plans of mix Fourth as XXX X% adjusted Adjusted Ruckus. high an well a million, from as was approximately from historically to sales business, volume lower X.X% on and decrease $X $X Moving were from of EBITDA prior improved a ago. increase savings margins the from points efficiency that cost over the over sales
X such in architectures trends impact business expect cloud-based We in as the introduction of and beyond. Wi-Fi to XXXX the positively
to consolidated on our to Returning our cash results flow address Slide XX.
full year operations flow adjusted million from cash in flow. we the generated million cash free $XXX XXXX, in $XXX For and
were a Adjusted for amounts from quarter, integration adjusted payments paid fourth and flow million teams but our of free because reflects quarter cash above restructuring quarter fourth have exclude headwinds, cash in flow During cash $XXX remarkable Despite done significant the XXXX, cash normally was the delivering that also operations of the million. job the These was sales timing XXXX of certain flow cash of original in transaction holiday. our flow expectations. benefit $XXX and from the made would occurred $XX costs. and a million first the free
will be portion inventory capital, to critical benefit a a the that XXXX. with working we primarily is onetime driving focus While management working of capital expect throughout repeat, flow don't through associated improvements continued cash
annualized in debt resulted the of over half million interest the second over $XX has the of we million. Given $XXX acquisition, the which significant close cash generation ARRIS savings year, of the since of redeemed long-term in
the more aggressively over will meaningful reduced grow accretion to down time. only burden interest EPS become to from As debt, and continue continue we pay the
Now our a deeper little capital bit into structure. let's dig
adjusted the net X.Xx As we of closed a combined with leverage quarter company EBITDA.
For due synergies late quarter this that million in X% during the realize X secured other in significant our a senior EBITDA flow $X next purpose, quarter, as of December. on throughout mandatory actions years. term principal and well payment our we $XXX the to million notes of as redeemed adjusted of Because XXXX loan expect cost fourth the includes million the over $XXX we cash generation
subsequent $XX addition, which first $XXX leaving million XXXX. to expect over half we of end In we a fourth the notes, an redeem the outstanding, fully redeemed quarter, million of the the XXXX of to additional of balance
XXXX second was debt be the until schedule. expectation original Our quarter, that repayments we're begin wouldn't pleased to in of that and ahead
that, With our some I'll provide on perspective outlook. XXXX qualitative
model, venue networks, as X. X new new where previous we and our of X begin, campus I Before into segments and new XXXX. segments operating networks, announced networks reminder, was which we CPE. January a outdoor previously home networks, effect called model operating went are This These broadband a on into X wireless condensed
XX, of On you'll comprise that find these the units Slide X segments. underlying business each
You new can in our our presentation new find -- the appendix structure segment for of website. on earnings our in XXXX pro our forma's Relations found Investor
our to full assumptions. turning Now year
For in broadband expect we XXXX. growth networks, modest
We expect major growth Europe. geographic the regions, most and in America North pronounced in
units growth XXXX. the most up as underlying in tick operators expect network business, Within business investments we across their
While we are out was that trend XXXX begin XXXX. the spend, don't back through expect by we to this levels in growth any overcapacity of encouraged as built to snap the choose operators
execution broadband networks as and of these an volume spending Given network production shift by increased our cost capital we by expect focus associated EBITDA, to the with driven well factors, initiatives. grow as operators efficient
in short-term stated, upgrading proceed Cell For our intensive will XXXX upgrade previously wireless as expect begin significantly. the refresh is and towers and on focus the be spectrum outdoor more out to This released benefit efforts, will cell we densification of Metro operator's to more their macro concentrated the we networks, beyond. as which play solutions efforts cycles
for cyclical the offset to layer growth as this As outdoor doesn't the expect dynamic, sites in XXXX. from the shifts the wireless metro a the be year of down macro sales we for modestly result densifying
addition, to Sprint is upside investments In network earlier TMO-Sprint required expect to spectrum. in the FirstNet given the the originally merger now potential moderate could That early. said, being we expected more the to than it given deploy orders the XXXX, program more completed be the expected, closes, provide
on growth profitability Lastly, of XXXX From will expect the mix of Cell we as half than impact through expect and Metro more our processes also plans. fiber tower to significant to first seasonal the Metro to a weighted we normal areas less portion the year in of a volume, pricing These will highest XXXX. production be return the within improvement offset and trends focused to other our macro shift margins cell Cell particularly and be profit optimizing products. perspective,
when new Regardless, in and provide seen. segment. overall early factoring networks opportunities However, engagement ahead the about decline infrastructures campaigns network The will carriers competitive for will services. to XG faces operating the headwinds, aggressive launch as an build some X we to partnership in result excited has out greatest build EBITDA carriers expense as world this XXXXs the in remain prepare very out familiar OEMs, their Tier the for their deeper in the well with quest as ever
digits segment and and expect more license our This bolstered and business enterprise the taking we Wi-Fi XX% growth office in place the required to provide for essentially applications. the venue With unlicensed on but not potential the OneCell, and XXXX. cabling us investing year, of and hyperscale Ruckus buildings, of indoors, future. venue hospitals, for campuses data one-stop connectivity, concentrate and shop Era, and requires college data systems, current and Therefore, importantly, the network to sales campus only for pillars growth solutions is other distributed access stadiums, points a mid-single switches, will grow by consumption cells, campus Our antenna small builds, center switching.
outpaced We year. EBITDA cost, for an expect R&D to overall the the the of resulting segment investment by sales the decline be growth in
operators Now as to network networks. challenge a is space our significant and continue deal home carriers Home to losses. this material subscriber year with
drive DOCSIS at of PON realized to of gateways XXXX that optimistic we're to second While and and we the improvements and offset DOCSIS half X.X shift won't growth X.X, the and beyond. broadband drivers growth begin until modems, eventual
a to down expectations. larger sales we dynamics, year, decline our XX% be home network this about than expect these which Given initial is
line networks maintain home profitability. is As taking available challenged, top trends the every team to action are
While anticipated relatively the over EBITDA margins decline, considering the this home to line expect are top expected year, we year. decline dollars network flat EBITDA to be
into expand results to sales basis. assumptions home XXXX, segment the margins each to these expected of lower expect total that from account segments from consolidated of performance to on all results and the modestly Taking mix gross sales. Consolidated for are we favorable network due within decline a impact
synergies In addition reduction expansion, we expect expenses cost to operating gross from actions. cost and to margin benefit
additional that natural These portfolio to However, in on investments company combined future areas capitalize better XXXX, make expect of inflation will opportunities. investments, will with high-growth market in position we strategic the the to result expense profitability from a company we expense margins it with be and growth expect dollars basis. to to EBITDA year operating we total in combined together year-over-year. a Bringing EBITDA consistent on all last expand, perspective, expect
That urgency is across company to being a debt $XXX adjusted of sense with and flow of we $XXX around free cash of around and appropriate, the deal profitability working goal million million. maximizing savings pay expect XXXX, cost the renewed accelerate of In synergies down said, the organization. where with
quarter XXXX, the the but holiday. fourth for normally our also have a in occurred would quarter of $XX As by the million fourth flow from of the payment was better-than-expected that benefited cash and timing reminder,
transaction and and million to $XXX million integration, $XXX of restructuring taxes for XXX Finally, $XXX and In we million $XXX approximately you expense a share the shares. expect in assumptions effective between $XX count XXXX, fully cash expenditures the and model between XX%. $XXX of tax to $XX interest cash additional range diluted help XX% adjusted rate and expense year. few of between Capital an to A million million, million. million million, cash million $XXX
decline increase between quarter, decline network modestly Moving software. of will the And North networking the upper sales network sales segment spending standpoint declined Venue in with of and XX%. Outdoor seasonality decline campus to at the declines in first to expect the quarter-over-quarter broadband a quarter, network seasonally normal hardware while XX%, mix a exacerbated normally is quarter-over-quarter. home guidance carrier. a large sequentially around than for will network pressure in continuing and but first American our digits, with cloud by wireless sales home be line quarter this on sequentially network From sales XX% more single we will sales to in XXXX. first
In addition, our to in reference range. guidance
Given we're the we're back as situation, to guidance the a substantial to uncertainty throughout about we regarding anticipate slowly coronavirus providing and normal year. in range volumes first than Today, levels. wider ramping XX% We recover we the quarter. move capacity, operating the are XX% more normal staffing to
our a from progresses. products we and of impact China, Given from manufactured fact the our coronavirus We of an the $XX year shipments that significant a mainland are the China the portion negative materials the of quarter. in as impact in recover to would adjusted are also international raw million expect in sourced approximately directly first EBITDA factoring piece and majority this
$XXX to quarter, first we and revenue between these million billion. Non-GAAP between EBITDA per adjusted and million the earnings billion $X.X share $X.XX between $X.XX. and $X.X for on $XXX expect adjusted assumptions Based non-GAAP
average adjusted an XX% and XX%, of between assumptions shares. XXX and count rate Additional tax approximately share million include a effective diluted weighted
over that, the with final call for to turn Eddie some I'll remarks. back And
