acquisitions Thank you, regular increased our corporate We our and transformational everyone. dividends infrastructure and initiated that net $XXX John, XXXX vast year a by first-ever numerous for asset was million, annual potential. Select. development offer income completed good and morning,
borrowing safety facility, and employee translates sustainability-linked annual rate. which in a We to targets also our our exceeded lower water-recycling credit embedded
we on consolidate to even brands Water while accomplishments, ahead. greater plan our impact. expect efficiency our Solutions, things greater for various Infrastructure these expanding and greater Building we for operations Select At Water
after first Cost the our to margins. During for seek, our inflation in and we foremost, boost years growth, coupled eased XXXX, dozen of acquisitions, will rapid with a two various operating organic meaningfully has inputs
a us And opportunity business. to bottom to through efficiency of with the efforts, with an larger provides the internal dollar carry revenue combined this, line. part
achieving forward represents to rate incremental approach year, performance with across a tremendous opportunity run during revenue expected business. endeavor further This levels and will approaching relentless increase high all-time the With to the already efficiencies we a
for flow us to pull and through cash the into profitability additional business.
Next, through asset investments capacity. our pipelines around organic we recycling, build footprint seek to will system infrastructure upon and
$XX to and $XX coming guidance our CapEx million capital-light $XX million just of business model into our original below Our year, year. of last last million guidance last million previous to coming $XX net million well consumed below from of $XX in quarter
cash from developing apply footprint enhancing infrastructure research With duplicative manufacturing. the we’ve Midland fourth Basin into lab During our XXXX, most Delaware recycling disposal advanced core around recycling Bakken assets generated added recent and our able our acquisitions investments, targeted new additional pipeline sale quarter, were and systems chemistry the distribution or strategic pipeline our in networks assets complement to in-basin like and our through we Northern unneeded and from facilities to there. water of or
Quality them strategically growing higher our customers. minimal to within portfolio needs our leverage value than and with tie suited fund our development importantly, assets network on basis, water like balanced given infrastructure these further different across ability many to have potential a a into to ability do a stand-alone they
customers, advance for an leverage our XXXX to million $XX bring basins. sales. $XX by net to $XXX multiple the long-term Depending network million, investments to and on with years market we come. grow ultimate giving of conditions cash projects will in will roughly CapEx various Select realization between of under after supported be acceleration come investments discussions of effect and expect flow expected discussion across These million will position to asset infrastructure as our XXXX we that leading customer contracts
adjusted importantly, most and bring flow. to streamlining Finally, free comfortably integration expect fund deliver operations, only and thirds single our to of flow large the a This we our we roughly additional around a uplift also capital free other expect capital systems two ERP working and not into rebranding in initiatives, shareholder offer XXXX optionality while of EBITDA. flexibility cash returns commitment and of Through but would to cash our program,
rebuilding net position. cash a strong
We see through second of the further in benefits quarter. quarter as the accelerate integration first these we acquisition expect efforts in to the work
Cash bank million million that million flow, very net in we quarter. the debt the in Breakwater cash $X of of in plus a flow position of $X This was the operations $XX payments, meaningful $XX to resulted from net finished We million the our $X.X sustainability-linked flow with to million flow operations $XXX subject quarter still of $XX million drawn along and the debt in which, million and conjunction applied and fourth. total third net $XX million. of acquisition, on elimination acquisition-related of of consideration improvement liquidity. increased in CapEx a of facility total cash the closing CapEx from $XX dividend in towards with cash modest with credit free from the million less $XX.X costs, quarter cash fourth of On million realized
million quarter. million of $X.X was or the quarter customer weather by for $XXX grew income expenses quarter reserve EBITDA activities November million winter net which from $XX.X The revenue and certain million. totaling total onward in $XX.X million, contributed million from with delaying sequentially. adjustments non-ordinary by when million about and decreased Fourth regions, million Acquisitions X% impacted most all $XX from of $X.X insurance to $XX.X $X.X adjusted revenue to combined
January, Looking as segment forward, and gross we percentage first D&A, and but Breakwater revenue basins. we work points Water challenges revenue through expansion in with three margins the to Services by outlook The two experienced we weather-related percentage in improving uneven expect points margin integration before in quarter. some gassier increased anticipate the an across business modestly
in been high making to expect will XX% benefit of full Infrastructure XXs biggest we take our the with the with We quarter combined a investments D&A from we’ve [ph] acquisitions QX, margins range. infrastructure-related Water to the step growth, gross forward XX% revenue in deliver XX% to recent before as
was I’m strong organic new project additional to announced organic bring The latter excited recycling the the affected John directly activity, the it revenue part and not acquisition by Chemicals and of the will year about in see segment, which this returns latest beyond. continues expansion.
record-high We this anticipate water-related fourth led solutions number applications quarter chemistry and margins. expanded have with with continuing customers. stable certain relatively relationships quarter revenue across advanced share gain near key first gross to Our continue multiple to
quarter performance, I flow earnings our and of forward expect the see generation the our demonstrate over improvement solid While a to as in financial first well. in free remainder fully further should step revenue, cash XXXX
of of transaction quarter. million in SG&A $X.X million was the costs $XX.X by impacted fourth
the as as course first as costs we well those costs down transaction While percent of also revenue the SG&A aim as half have a the back of over costs, decrease some initiative X% year. through to the will quarter to work we of first rebranding
flow cash and core $XX minimal to improved is as per million ahead for a And free robust see us I in very and remain priority. we management profile a depreciation of amortization to expect We capital XXXX. working flow the expense tax earlier, Generating full expense positive quarter cash range through low mentioned the be through year.
hand John? back I’ll final that, for remarks. it With to John some
