outlook I and will for then year in of you address few full our the the call. Thanks fourth and Mike the and time Thank year highlights of participate good morning, taking a our for cover quarter the fiscal everyone. XXXX. to
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are We and are cautiously rates way optimistic the supply chain improving. challenges a in have procedure surgical eased meaningful
and fourth of that. quarter reflective full results year are Our
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our supply out chain it essential needed lift we manufacturing and a to components to those the and teams. huge get was was Having customers our products by
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our projects, that In large tend a backlog is year. million solid XX% to million of Remember continues in around $XXX times. addition, project during have hover the quarter. very the orders the strong orders to again shifted orders our note, which are shipment capital to fourth quarter. large $XXX towards equipment start the fiscal despite lead new represented Of the place longer
year also of we sequentially. saw restocking the consumers increase to strong products procedures continue as Healthcare as finished surgical
a our long-term from For normally would bit revenue although perspective a about year revenue we line consumers grew expectations, the in X% quarter-to-quarter than was anticipate. lumpier with
all X% growing year Our solid business for the with strong, growth across finished healthcare revenue aspects. service the
constant reduction disposables. organic Our AST single grew basis bioprocessing for the currency use segment in year, a demand for XX% despite on a
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until will first fiscal growth year, year-over-year and slowed in in bioprocessing quarter. $X business million. into second not the expect during trend our come continued last revenue we the saw is third to a mentioned of do return customers, half, to of once fourth time again quarter where return trough while the As decline That XXXX. of sequential about quarter, to believe We the new our about first AST which for fiscal we the of half the XX% expect we comprised to would in growth
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broader Dental levels on XX% flat the due pricing approximately and to gains. performing currency consumer of on than at share pressures and was a is spending. organic constant basis modest better about remain STERIS from Based market pre-COVID benefiting the impacting volumes for Procedure economic market year. data,
we'll rate down Turning managing to recoup. the nice back our did as could margin lower the incentive pricing, in face people, in XX be basis at were favorable basis job due increased part margin for points with cost back gross year, and gross We improved a the compensation fiscal our to than a by the of we faster working XXX which P&L, to get SG&A the in year for Unfortunately, declines. of EBIT hard XXXX. points even was that margins
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is for our XX%. While impressive certainly adjusted is standard earnings that lower performance, our still five-year than EPS in CAGR
call, optimistic into As XXXX. said fiscal I we the of in beginning heading feel the
quarter to out our us fourth strong fiscal anticipated. years level allowed than between more Our performance
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expected X% with grow includes XXX to to Gross a the some are improve to abate. X%, is favorable expected as For modestly fiscal foreign XXX about total fiscal is basis basis to X%. currency Constant XXXX That pricing. XXXX, of in points about revenue margins to revenue in anticipated points headwinds in positive organic impact. currency X% grow faced
XXXX. to increases made about be Interest will share are reflecting cost in anticipated headwind, inflation material from million we will EBIT about the above and some flat and million. purchases be labor which absorb in $XX by taxes during margins count, normal a fiscal reduced of of additional offset approximately of be $XX compensation a bit a year-over-year as for beyond incentive
for be share half pieces, year our Factoring our do our in second AST we the growth your adjusted -- profitability. the $X.XX comparisons first anticipate half, will you assist for fiscal $X.XX. is bioprocessing In the we in within earnings weighted anticipate impact impact and diluted all To to that those in and revenue outlook XXXX moving demand, earnings in a will from towards resulting modelling, that reduction per continued second the year. difficult of of
first the For XX be in half. split XX would in we to and half both EPS, second the the expect revenue and
throughout the shipments, the strong we lighter in look capital which to first a remains will at XXXX healthcare believe our return we year. we and start of then fiscal cadence quarter backlog As in build equipment, and normal generally
Our higher growth note QX revenue, provide will in we our we back not capital by expense anticipated get the fiscal a of equipment do limit interest end guidance, assumes and year, I plan quarterly that significantly the times with tough lead and normal comparisons of cadence to potential. earnings AST with while bioprocessing combined the would
the That turning. is said, tide
the where provided We have heading XXXX. we the outlook are about feeling good and are we for fiscal direction
said also grow our single double-digit that leverage deliver dividend. long-term goal this free cash and we solid to reduce flow, revenue levels and debt to before, We digits achieve to growth grow generating have growth strive mid-to-high continued is continuing our our while to and As earnings.
want last for by on draft open rules I the issued month. EPA we do a to few make comments Before Q&A, the
have know, few our we years, all practice facilities. of consistent As you past improvement investments continuous over with significant our made within the
permanent EO very Our program and enclosure draft of requirements. total with the sustainable many position us to well investments, comply
we vital understands a confident are on the of will device the in our supply chain, its the this scenes, of reasonable rules. final the We response there the and be weight our believe the with and outcome regulation the partnering are association sterile EPA to industry security Behind of US terms for we impact agency.
Thank with to to it back turn I'll that, Q&A. Julie Julie? you. up open over the And call for
