Perfect. Thanks, Gio.
summarizes X, Slide our fourth to results. financial slide turning this First, quarter
than year ago. holistically, at fourth from lower improvement quarter results appreciate can Although slide this our marked the looking a were expectations, you
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aggressive They to were quarter, XX% but the region the adjusted put above price/cost that inflation the million be EMEA pricing was pronounced of were quarter which Americas of place the backlog. far in start for an program APAC significance Both Americas the positive they last against margin the in $XX at improvement underpriced behind. and not most the year. were the operating was approximately demonstrates the by hit as year first
significant slide processes, highlight high-performance yet a right, fundamentals as with to Next, Gio's improvement focused still we emphasizing in on turnaround Slide business that leadership, to the the culture. by holding do, also Americas turning sequential still to this are added we X. date. while specifically the saw region but accountable Under to XXXX. We and in the pleased innings getting not progress It's improving work satisfied people early quarterly
borrowed we results. EMEA institutionalize practices this are certainly in Americas. seeing the slide Gio demonstrates, those best the from and And as
years margin Of region, the a reminder, a the ago mid-XXs. course, just in and was Americas as operating adjusted couple of
room So, all significant in for there still certainly in upside quite Americas the and, is frankly, regions in XXXX beyond. and
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although dynamics capture full year next of slide, critically the XX. underlying the the we So understand our pertinent which of through story are Slide to more the on Vertiv important, year results turnaround are improvements the likely cadence
turnaround the executed captures in In nicely this slide, XXXX.
almost relatively improving along consistent first puts presented by from each fourth February While quarter we operating improving there quarter. delivered and with million were quarter we adjusted and to the in execute the $XXX takes way, performance profile it the profit the sequentially
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record of from XX% enacted and portion carryover midpoint the into or based which XX% price currently anticipate is pricing, sales with increasing coming from have significant $X.X X% healthy, We a the at a Markets and backlog increases. XXXX year. we approximately billion remain of upon volume
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we and $XXX foreign $XXX have the previous range the primarily We due end adjusted million operating to that's XXXX range raised up our of guidance. of to $XXX And $XXX million to currency when strengthening October change this million guidance million provided previously. from from profit the to that is
upon And our represents drivers pages. driven is XX% by over supported is in Gio of bridge our increase dynamics And of is significant. an of range of carryover. summarizes midpoint increase. this the additional will that XX The the picture some Slide and on higher which pricing, in year-over-year a revised appendix touch certainly include by of the guidance a which couple much backlog record sales, But big we
offset includes and are also sales in million. $XXX in R&D higher inflation. $XXX $XX labor. additional $XX About an included million labor And tailwinds million support expected of beyond. a to this XXXX combined These capacity that and million investment inflation And by is in of assumed
and Adjusted a which, driven to free operating million by additional in of working Gio as forward. couple on capital some working significant adjusted we will be slides. optimized color a initiatives the capital, will mentioned, provide of profit going that's and $X.XX Adjusted operating EPS cash of focus mainly primarily Xx from adjusted represents higher of the million $XXX guidance a flow improved driven $XXX increase XXXX, by is profit.
core for guidance. our Slides please in XX XX 'XX the refer assumptions additional supporting to on appendix and detail And
our showed across financial certainly our quarter Slide summary This year-over-year quarter And first Next, significant measures. guidance. of first all financial a XX. includes improvement
prior guidance of realize the our building we it's strong quarter quarter. a trajectory first Although That relatively a against continues fourth to comparison improvement a easy said, year weak first quarter. off
However, being being the and highest. in as quarter a reminder, quarter results the generally in lowest our first quarter seasonality business our fourth our
in measures of So financial expectation. sequentially improving general, the these each financial like is quarterly in XXXX XXXX, performance across
XX% volume be benefits, by midpoint headwind. are and at and profit by higher expected by to $XXX offset partially inflation foreign exchange a the First organically XX%, operating be Adjusted sales with is investments. net offset growth pricing, volume pricing up quarter million expected to and productivity given
is EPS cash year-over-year remaining from cash operating adjusted interest year's headwinds free profit. many is use of $XXX from and coming higher first industrials, simply Adjusted first Like timing quarter despite $XX rates million cash of $XX of to quarter due be to quarters generating primarily million between Approximately Adjusted improvement and in free cash of the typically than flow and million. last million for XXXX. better a of anticipated $XX flow payroll. higher the interest use cash, adjusted each drives the anticipate we from of our
back With Gio. over that it I to said, turn
