our afternoon, and We Equipment and thank interest everyone. business you more for my to Good hard strongly growth feel teammates technicians. Ryan. company congratulate and to for and outcomes look the want how Alta in to acknowledge I results. your to performed I work forward skilled full-year in first positive the XXXX. of Thanks, XXXX. about and all in fourth-quarter dedication XXXX especially And our XXXX, our in want Group Alta financial
job And Alta's of skilled customers our life every on and by our earned for every sites on all and footprint floors base. embody our businesses day. continue technicians. and each challenge principle, meet across to customer's guiding to technician they you Our A shop thank big
impressive Additionally, I to on to Ginop Mine want members from of legacies team earning will Alta we the leadership the My welcome today remarks team areas. our forward to senior and Equipment, to new look each those three businesses and of key on Sales, carrying Midwest focus The is trust. your committed family. respective Ambrose
key some expectations our continues our year-over-year performance, business presenting on metrics. ground fourth-quarter exceeded be to I'll First, as gain the which
the it Second, as cash time I a activity M&A to the to past continue appropriate flows, years, solid Alta's operating company our thought and on well provide M&A its as framework commentary an two give capital recap path. on was structure over
detail available encourage everyone Relations fourth presentation at for our Lastly, and are it altaequipment.com. prior review presentation, there metrics. assumptions our the noted some released quarter on Real in numbers our to XX-K, I Investor which full-year briefly, be call to adjusted drive today. that our and in than that EBITDA guidance and the provide will I discuss today, is will greater elements relative which that XXXX and should our presents I'd discuss our website what slides was
the portion remarks, fourth of first quarter For my full-year the and prepared performance.
First, the P&L.
quarter the $XXX a $X.X of representing the the and achieved For in and million an on was XX% is quarterly focusing unprecedented million history. and XXXX year-on-year basis, in or revenue $XXX highest lines an organic Service increase This Construction the sales $XXX million Embedded an Quickly of growth. organic the driven $XXX in XX% the business million in figure our revenue million, revenue quarter, versus recorded Parts a $XX of of equipment approximately product revenues. of over incremental of rate, QX an for sales fourth growth milestone XXXX. in Product support quarter, on million company's rental company revenue by the support
of the basis, in achieved approximately representing an revenue XX% While Material on organic QX an versus Product business Handling increase year-on-year million support XXXX growth. $X.X
utilization didn't seen in Additionally, versus held we've made of utilization of utilization with at to nothing this approximately investors but in given that Historically, positive This fall-off in a as we is momentum physical given effectively a utilization, same held see QX QX here, fall-off on point in provide check-in we've XXXX. but level and quarterly QX. notable, a seasonality, year. QX, XX% rental
over in continues result. Lastly, a Adjusted we see rates rates supply the of also just for we're same for to for EBITDA million XXXX, of quarter an On we as of higher. for revenue, XXXX. $X.X lack over market equipment again at realize EBITDA quarterly drive fourth basis EBITDA million the $XX.X record annual the new XXXX, $XX fiscal to basis QX over pro revenue forma From is on just pacing in $X.X perspective, the million up an the billion rental $XX.X year billion adjusted a from and continue forma on pro basis. to substantially upwards trend quarter, a quarter recorded company now in
EBITDA achieved in and EBITDA adjusted XXXX, million expectations the $XXX for beating company our our adjusted line, year. On outpacing guidance the in the
adjusted converted of version of million unlevered cash conversion XX%. economic our $XX $XXX EBITDA of the for [Indiscernible], flow our rate free million of free into cash Importantly,
CapEx. equity of Lastly, $XX common adjusted indicative for associated an business just million forma on generating driving our prior is free to value equity investor with shareholders. above our and in earnings metric pro XX and on leverage the economic of as flow growth view, Slide this basis, is depicted to In cash deck
end XXXX. record a led to of Next, deleveraging the I to credit sheet update fourth-quarter our sheet profile This of as our rig and want leverage times year quick of on QX as end at declined X.X the times of X.X to EBITDA balance at strategy. the The from year-end. growth balance give total of
foundational to In Additionally, IPO, of million provide that exactly I done Two annually as slide noticed prior operating back, the $XX that how of at I'll we've years element execute reasonable pipeline. presentation. early investor and we I valuations. on our flows we XX our M&A describe and we look EBITDA Ryan capital refer everyone of to cash believed our structure approximately could XXXX purchase our later, the to would ability and
EBITDA trailing since generally $XX at deals million acquired to $XX X EBITDA raging of Alta acquired approximately million IPO revenue, locations, an we've times $XXX from accretive shareholders. with the it of to As valuations incremental X EBITDA. a All The XX branch XXX additional technicians. brought skilled million and in
market to us also expertise end segments, diversified acquisitions and or addition XX the automation existing introduced In being OEM design both relationships, strategic OEMs, our accretive, and new to important fortified exposure. valuation in operating built-out
capital M&A of we're a mentioned where, XXXX on believe foundational regard. the much investors are deal. our proof that performance believe this criteria we how M&A when, selective I and execute is on We in XXXX to and deck, and we structure ability DNA, positive of our M&A While in in our Slide I to I'll element allocate touched which is capital mindful commentary. of and XX our refer cash our profile on provide how And flow depicts pipeline. my the to our
debt can An company cheap raised debt. in deploy $XXX One, million on M&A scale Two, just or Three, game high April for cash as several we've accessed time, the we of capital route In a incremental, an important First we generated there no flows end large cost changer rate capital to liquidity fixed gives decreased now capital later. at year attractive us bond the a as as bond rates amortization the investors profiles debt restricted viewed interest reasons. access point and financial maximum our of be XXXX, same one recall, on semi-permanent back deals. fit. the as interest up, the yield flexibility into see covenants return our may the at our end, the seen board, it of of that on structure. that which is to relatively we portion accretive a
parts to for initiatives The portion $XXX powder dry ABL our the million structure M&A. note fleet, revolver undrawn our and the including collateralized cash is of is second The by which rental revolver, the inventory, capital accounts company's growth liquidity provides element or receivable. of
a advance a that having provides Given liquidity. capital on assets typically on for deals, of the on needed notable per execute those acquiring deal we assets are portion tangible our rate impact a in dollar to the dollar without effectively
million. against and the M&A is Alta's deck, in second cash in positive naturally $XX economic of like piece organically. The cash I'd are our flow real-time this flows These evidenced sweep EBIT deleveraging of down generating out major as profile dry financing saw to of framework by used revolver, business thereby XX XXXX. powder we And the our more play the XXXX in
believe companies business the for rental on the needed You generated and liquidity bases shareholders. year, flows tangible Alta to associated returns and on can initiatives. in which with acted the provides accretive offset this our helped for additions as capital strategy a positive growth see our by influencer structure perfect to positive assets the liquidity leverage for target that to throughout execute liquidity. In cash us M&A summary, we generated drive the fleet the Meanwhile,
earnings to Finally, XXXX and EBITDA prepared like was for last the adjusted part my the guidance, remarks, of I'd which in included today's discuss release.
the cash-flow EBITDA First, for believe annual we've generation indicative adjusted metric the guidance most of of a familiar to incomparable again on for XXXX, is and business metric investors. this we chosen provide as is
decision-making, month-to-month which look the EBITDA flows longer-term well ebbs our Additionally, versus our approach reflects industry. are of and seasonality quarter-to-quarter, and in to our for quarterly and solves business as and as we annual both equipment in believe sales typical will
guide. the One, full-year Second, $XXX XXXX. of great guidance the we continue assumptions business year million will the we expect QX, itself, in the of $XXX that for in on observations about impacted EBITDA report and we positively terms few the adjusted and how A in XXXX range the to XXXX. million to tailwinds feel believe ended we in
utilization fact year slightly Second, similar in of had higher utilization we XXXX. in in levels strong or we rental had a XXXX
to to supply the of our automation we our system are the terms segment will do benefits two metrics business expect assumptions, as bullishness investment and the Third, to in while by our C leverage on factors profitability and adjusted in have in to impact Material operating from macro drive higher continues integration. EBITDA that realize slightly affecting demand metric we continue our factors tempered business only, landscape. guided our Handling Fourth XXXX
fleet equipment with and and of governor XXXX. act delivery First, in in the in on growth deployment as rental and rental the variability OEM new revenue could associated sales chains supply a
on Alta skilled tight Certainly technician ever challenge the labor base. when is market. Second, attracting navigating increasing not growing the our alone and
continue To resources organic the For technician skilled end, support our directly effort asset. an towards as our excellent Having us is labor have to in most that, this and to important correlated valuable are said drive of skilled product up. revenue people record track headcount. are our and historically, retaining attracting put we
markets to Similar business change, want accordingly. your to at where investors, the is and provides our XXXX. turn for the our so macro have to XXXX. calendar, our look underlying and we Thank we XXXX and investors what your relates for To and any driving annual guidance confidence in of factors say thank to I Q&A. Alta continued appreciate us I and for is extent far continuing on time, it value support will commitment to solid XXXX, closing, business we teammates of what in you on each seen growth path the to the the guidance and annual other lines update In to I your given all guidance. my all real-time in forward the shareholder Lastly, operator it the and in throughout in strength back we for the over we will last year, support XXXX tracking QX are to are as which that to related end confidence of across assumptions can
