everyone. Brad, good you, morning, and Thank
Page the high-level summary quarter. of XX shows a
Before all discontinued everyone reported UK Pump results I and will I are and jump remind in as segments the divested that Tank from operations periods. the in, Storage
in will approximately GLOs, QX, offices, Solutions our we to from segment Storage out that transferred or X,XXX our Solutions also ground level Modular point I segment.
We have branch Mini this within Mobile perfect the our operationally and products legacy KPIs consolidated historical which both to all updated integration. We segment financials infrastructure, all makes sense, of containerized commercially. reflect and
the segment materially and comparisons year-over-year and the of trajectory So meaningful, impact not it change either all some are changes see results. consolidated financial metrics, obviously segment you'll the doesn't but in does
areas metrics. and from Modular volumes was XX% that great a rate With monthly we see consolidated into year-over-year consistent value-added up across all and average which was results portable basis. QX financial had quarter. in rate XXXX pricing, monthly on frankly of superb Rate and and storage products increased tailwinds year, in contributions We unit XX% is XXXX said, the multiyear a saw where average this the of creates unit beyond. remainder turn upside one
tangible products across prospective And capture support level executing highly that our segment office our growth show disclosure, million clear from powerful VAPS an opportunity $XXX products. is our we results. and strategies introduced organic both opportunity. us and new value-added XX be a $XXX differentiate products from are growth Value-added and of to us for bringing our to containers fleets, updated the incremental, will closer million ground recently rate, competitors are with Modular example revenue ability which the our and We growth Page across details credible these of to
and products $XX in back to XXXX, we guidance. in margin look time value-added dollars approximately at doubled annually. That million XXXX If million the were in $XX $XX triple we segment of million our in at to just our from XXXX over acquisition, Storage in will generating
million As the revenue year-over-year. QX XX% was Brad our Storage of up $XX mentioned, VAPS segment in
is clear So are customers And impressive creating our change we the undeniable. our incremental This in a multiyear acquisitions. value is new growth a Storage and the It value lever example rate add to is process. how segment. we of for clearly in of clear both our
for on financial nearly incredibly prior is year-over-year. Back margins debt XX% in for versus hitting stock net XX XX% basis revenue record EBITDA, just up XX. and the I the EBITDA They're up our We've margins XXX months were capital teens, XX% XXX short- we cash on bought in points expanding flow of levels, Leasing the reasons long-term confidence points metrics basis of to year. return X.Xx adjusted Free strong. quarter, mentioned. high all the the outlooks. deleveraged into our and last to was to and our up all both to invested given Page expanding Adjusted back
framework. our value strategy, reoccurring discipline our sequentially predictable showcase our of capital the cost compounding revenues, growth our results allocation and These value-accretive idiosyncratic
for EBITDA talked you our about into up the can normal drove quarter. adjusted QX XX% and in Leasing revenue by sequentially sequentially chart, grow decline increased and revenue guidance. will QX, out seasonal bottom-right In the We've thereafter, sequentially seasonal our $XXX lays KPIs XX see which revenues business. Page quarter to the million. commercial retail already into each from with QX line driven the
margin that go are causing outstanding than we're expected and start better QX guidance. our and management and in four seeing been favorability margins year, to we both performance areas Cost the up in and have in to key
network. spend First, much maintenance for gross with being into across and We're on SAP our costs years, is spend the CapEx. branch more and orders fleet. now that that efficient in visibility and we've modular almost margins our better been we've helping our both more consistent two work This with gotten
easing input inflation on our maintenance is materials. Second,
happening. incurring yet a not inflation second to appears and rental cost I inflation have from would through roll that significant year inflationary ago the in in XXXX. input said but have time exactly that benefits what's is that We half the of portfolio were we deflation, and our rates seen the peaked
working were Third, have have side, QX. and cost up periods. and on basis are opportunities and primarily as optimization, in we're year-over-year in-sourcing pricing which will gains we the such we began strategies logistics that future margins have and points continued X,XXX on still to the in actively The value-based benefits driven by route improve XXXX in
XXX is of as points SG&A down basis percentage lastly, And revenue. a
consolidated And So we're we've and both operating that CRM our have getting systems. we efficiencies looking good ERP leverage our opportunity forward, for there. further now
are most a revenue great. of us all was of internal which our quarter, control And see flow-through which and clear in guidance impact within can the to every line the XXXX. we across and road Altogether, is initiatives growth XX% XXXX to in rate our quantifiable our P&L, of run the deliver encouragingly, map into for EBITDA give
to year-over-year cash our million. not $XXX by Net by adjusted increased two XX. activities Page to Turning operating provided These X% divestitures. numbers for are
from than in cash significantly segments activities the through is a operating and growing cash of the way, faster Said remainder prior organic replaced expand So, already year. operating divested sequentially our year our another X% the should growth core acquisitions basis, flows segments. on from pro and forma have
capital I QX, resulting Capital will year original deferral I the levels the least supply said expenditures capacity fleet be available year last and and from retail on will, are levels given in net of expenditures record mentioned of and QX given earlier course, levels. guidance and up though maintenance store of At into our investment below in prior in just at go our CapEx maintenance we million both storage both would $XX QX, the remodels. the our be operating that basically through QX at call flexibility down in the QX, XXXX chain. efficiencies
of implication, QX again, going flow this for for flow. cash cash not that in is free is that year And up be XX% divestitures. of course, to million Free is adjusted outstanding The $XXX year-over-year. an was the
the So outlook, the Storage $XXX and be free the should segments, cash our And the north in well current million. heading flowing remainder of into extremely cash of year. flow Modular
XX. continuing Page XX leverage reduced last X.Xx in months from EBITDA QX. We to to Turning adjusted operations
we As capital ABL, repay creating to quarter, $XXX used million proceeds of we other UK last for our allocation capacity the opportunities. divestiture said
events, the delever our While choose. chart the of divestitures ability the to when left one-time we were so bottom rapidly business illustrates
comfortable turn debt and in obviously the X.Xx and which to low months, structure, maintain by a target end at predictable one have Between the is we We're We're X.Xx to deploy of XX leverage reasons areas free approximately perfectly we we capital. generation full with that reduce can cash of highly the range. the growth, productive very range.
X.X%. weighted of is debt average Our cost pre-tax
changed capital increased So, allocation has not all. capital cost our at of priorities
our which million as fixed floating swap us QX our and is annualized accounting structure mix. run And we back is for targeted in XXXX, $XXX debt got rate XX% rate, to executed the Our approximately that January interest cash of fixed XXXX.
we're So, the range. leverage our of target bottom at
complete cash We our the have $X.X we pursue in available plus liquidity internally appetite our have flexibility which accelerating, allocation and capital ABL flow, is billion of and generated priorities. to
in very closer year to deleveraging expect our in XX likely with Page our capital the the volume. right-hand allocation back the the performance deployment capital through of no last shows and framework with XX driving framework line the revert term. additional LTM over our chart, framework our is results stronger months. I In much the tuck-in our course and short with will the acquisition further deleveraging divestitures
During that or we expect the remainder for of $XX million to and for acquisitions closed exceed XXXX. reinvestment two rate maintain QX, of
X.X% of $XXX last our extraordinary share common stock, our the representing months, XX over We million reducing by to count an return shareholders. also economic repurchased
confident accretive long-term that shareholders. cash and be earnings our we embedded of will are capital this portfolio, significantly the in Given the flow to growth our allocation
Relative implies lease $X.X which to business run sequentially guidance. updated as care for importantly, prior revenue outlook our we our revenue rate centered it would. exactly still heading the shows still expected billion to year, tightened the is of into the and XX% XXXX, is are Most on means compounding XX% XX a that which up revenue what Page that about. And expectations, primarily is we we guidance
tailwind XXXX. function expectations the $XX ahead see by combined for us margin midpoint million we our the remainder our and to And as that of year, to gives is performing our $X.XXX increased which EBITDA with another adjusted earlier. of I billion We through of margins strong which about the billion, expected, original running spoke a do initiatives cost $X.XXX revenue
We $XXX and the reduced segment. CapEx million range of million deferral $XXX Modular net based maintenance the to Storage segment on retail to in remodels our the efficiencies
outlook. assumed have We our not any in further acquisitions
M&A So in QX, would be we which beyond that, incremental. closed
the as will sequentially delivery I'd and flat increase accelerate And compress to compress QX margins Leasing margins. into costs delivery a as transportation XXX of expansion, delivered in sequentially could XXX of and into we we basis relatively leasing and EBITDA is installation Overall, Sequentially, of be return of QX, get expect which the that the growth and of into increase points expansion points QX. then volumes should QX range midpoint EBITDA implies which delivery margin revenue. top XX% approximately XXXX. mix basis relative year-over-year higher to on
and most run before XXXX we'll And in recession Most round excess the given XX% that this visibility heading cash COVID, and long-term before deliver free a better up our fears. to that milestone in we margins we revenue years flow Mini importantly, is Mobile us of Ukraine with into model. the established with sets acquisition, guidance three forward the when up the of leasing underwrote recent XX% ago before rate
The our capital and and intentionally designed business continue growth, as is we compounding of shareholders. value strategy our fundamental long-term create invested drivers expand compounding drive and are within this our The will control, on return for expected. execute to to
hand you. Brad, I'll that, it to back With
