our a I'll will before discuss I of XXXX third quarter Ron. questions. Thanks now pro for full-year XXXX provide our the opening review results. guidance forma call up then
XX. Slide to Turning
Ron mentioned, the XXXX. increase third As of quarter million, in was and XXXX up results third of $XXX.X $XXX.X solid an XX.X% third from second for quarter X.X% quarter. million Total from the revenue delivered quarter for we the million $XXX in the of
we As report segments. three a reminder, revenue our results across
Processing ITPS. first what segment we Information our and Transaction The or Solutions call is and largest
of second segment a The and and Healthcare solutions providers. Solutions both for broad range is includes payers
a $X.X contracts the of XX.X% revenue our second was foreign as of segment for X.X% XXXX. third The which was revenue in impacted revenue driven respect basis was Prevention processing Our in TransCentra and XXXX, the revenue of positive basis. mix million, The an higher million increase the increase million $XXX.X the our third million With $XX.X healthcare ICD X, revenue and $XX.X Healthcare driven primarily year-over-year $XX.X Coding quarter net growth Solutions by contributed million third was in compared new claims. well and was on the Loss million of to administration primarily segment is in as to acquisition growth by quarter year-over-year approximate our existing Services On billings XXXX. segment comprises increase quarter with with $XX expansions LLPS clients of legal quarter. XX by of and related sequential remaining or $XX.X related and year-over-year a work our of million ITPS in ITPS Legal of currency changes. of in client to revenue which
rollout the few to only As last the was related related million we better work, the we and call, discussed impacted On the get revenue quarterly in this to our $XXX,XXX decline basis next coding healthcare to ICD-XX to expect a $X modestly quarters. seasonality. comps on to remaining sequential impact related the by our was
revenue $X.X of recognition approximately XXXX. compared of segment primarily claim due and was to in the administration million of related cases the first claims flat related Meridian, the to $X approximately higher small XXXX to of $XX up QX second This quarter a down our year-over-year. Finally, of work million million million legal was with and the was quarter LLPS XXXX divested XXXX large which of decrease to the third practice quarter sale a few class action $X.X in construction consulting of
can the class when As perform a settlement reminder, it is action cases when associated settlement LLPS our and those and the upon revenue we be cases. sentiment work to dependent for lumpy go
be LLPS quarter We revenue XX.X% third in of Gross quarter $XX.X to versus and compared of the with the third $XX.X was XXXX. the of in the XX% similar to XXXX. of expect XXXX. quarter quarter fourth in in the million third our second the $XX.X for quarter profit quarter of the third XX.X% in third XXXX and quarter quarter was second of Gross million in XXXX XXXX XXXX the of million margin
gross quarter and merger-related by third contracts cost margins ITPS offset client new mentioned, Our ramp primarily revenue associated initiatives. costs by up I were which growth impacted were partially with
at As new to tend a contracts reminder, begin lower margins.
our contracts full will margins as or basis. also quarter XXXX adjusted sequential initiatives EBITDA part this for gross year-over-year a volumes continue and as cost was X% transaction we the new integration. to on ramp third XX% of Further expand. And of $XX volumes, million, the increase transformation As profit up
of in XX.X% adjusted quarter XX.X% was compared EBITDA second third further quarter XX.X% quarter XXXX. of the XXXX Third with the and margin in
previously reflect our of growth cost benefit offset partially Our margin by third merger-related and referenced. EBITDA quarter initiatives, performance adjusted up the primarily new further the and client cost revenue savings ramp
next Focusing over cost our cost for we on months. annual the are XX moment to to our track synergies, merger-related a savings deliver XX on
and million our cost We for million charges non-recurring loss third $XX.X million and loss third of optimization forma continue million was opportunities refinancing, $XX.X to merger-related include costs $XX.X net $XXX.X loss of of find which XXXX charges, transaction quarter our to the a quarter certain on and includes debt note million loss synergies. in net to for more quarter Please the quarter of of that net with third Pro XXXX of XXXX. in related a loss one-time related restructuring merger. second $XX of extinguishment our the XXXX the compared million $XX.X
turning we generated XX.X% third calculated the million we in Now flow flow adjusted of further further representing EBITDA. capital less EBITDA $XXX XXXX. free to conversion adjusted XX, $XX.X cash Year-to-date, cash We have adjusted generated further free Slide as of approximately adjusted flow quarter of adjusted million cash free of expenditures. further
Our investments. year-to-date free In CapEx of X.X% of benefiting our or the to months our due nine intensity flow model. cash million strong XXXX, profile is first totalled our our from CapEx historical low revenues $XX.X
credit total cash was $XX.X and at the balance had million is our XX, of sheet, which of billion. million to $XX.X segregated total Turning was $XXX $X.XX approximately We liquidity million September debt approximately and $XX.X at available customer in company the undrawn, of September but million of XX $XXX for which use borrowings. standby million credit, net $XX.X facility letters was for giving revolving million
I I'd Before to move to to strategic like priorities respect with review Slide capital our on allocation briefly XX. guidance,
and conversion and and organic to model, shareholders. capital significant growth inorganic initiatives, in cash we high de-lever our financial intensity low both sheet, to our flexibility have balance invest capital return Given
continue investments as in will to only this investments M&A accretive. will our actively initiatives; necessary the We growth drive include are growth they leverage evaluating if well organic make opportunities as to
focus our balance to addition, continue our In to is de-lever sheet.
appropriate target around leverage for business. long-term times, think our we is Our three
us program our based to million up market X buyback share allows and discretion factors. make XX is authorization approved of an has for the and shares; board to our purchases months other Additionally, at on
we targets Finally, to will consider achieved. are leverage our dividends once shareholders,
XXXX our full-year Moving outlook. now to financial
As earlier, business savings. mentioned I deliver track on identified we're combination to our
revenue $XXX forma and affirming pro adjusted EBITDA to currently be and forma adjusted million EBITDA financial company our tightening billion $XXX revenue EBITDA. for prior combined are $XXX merger to to to adjusted $X.XX expect million. Further be pro $X.XX further We We further outlook and XXXX billion approximately includes adjustments. million of
a global the we expect closing, the flow $XXX $XXX Finally, be of want work large client the have integrating, further commend with they million growing attractive done to business. entire is industry free opportunities, team to and I XXXX. million approximately for across at Exela and full-year opportunities. in and within for base adjusted cost great the cash In to Exela revenue efficiencies markets driving positioned serving a well diversified end growth
de-lever which ability have a call like We cash open strong the solid in financial model invest that, growth and and to our generates flows the initiatives, remarks giving I our up concludes to to return operator, the With this questions. long-term, would our over for capital us shareholders.
