strategy recent acquisitions. off my M&A I'll Brad. kick with Thanks, X a of and review our comments
know, very our as disciplined As patient to M&A approach our selective Cadre funnel. investors and a are evaluate to we familiar criteria with committed and we're use
substitution, with products, to high those We revenue X our that cost enter leading businesses niche safety that us within core those new suite geographic view positions high footprint are of recurring that potential targets will grow profiles. transactions will and expand of verticals. and our enable categories, market will adjacent Our those margins,
maintenance, acquisition like an Cadre's the attractive market XX, underscore this category. of We've highly exceeded tied and Safety prospects. engineered of services revenues outlined the and growth verticals. high-margin mission-critical our strong EBITDA visible Safety's I'd products were and substitution, Slides focused million are and cover brand With contracts its manufacturers cost key Alpha strategic to Alpha transportation the objective filters are and services to committed $XX missions Safety, highly it's Slide and by accomplished has Its highlighting Cadre into both containers, that products we position, Acquiring Alpha diversified market services business. Alpha best XX. falls and advanced key cycles, revenues niche margins and on with containers, Safety platform include targeting of technical is by leading and consistent These and diversify field defensible recognition are partnership high protection nuclear through approaching Their resiliency I'll intention chain long they X on value with serve. products on the XX suite engineered ventilation contamination, signaled Also, Our leading portfolio customers radiometric instrumentation. of specialty revenue recurring to years XX M&A established in understood criteria ideal safety XX%. third which purchase span and nuclear with orders.
XXXX to of prioritize. radiation
advanced First is revenues spanning mission-critical largest Approximately processing Alpha and nuclear this development solutions XXXX energy government-sponsored provides decades and relate Energy nuclear XX% U.S. containers, of initiatives by services sites containment ventilation material engineered for nuclear handling. to cleanup from the the numerous relate and analysis These research. decades mission and Alpha's of safety. efforts of weapons environmental of include and revenue mandated and cleanup that and to Department
national Second defense missions, initiatives. is security and which expanding reflect national ongoing
advanced container the Alpha For involves solutions pit production. as its ramps engineered specialty this U.S. Safety, filters plutonium and
solutions nuclear Third, an This nuclear decontaminating will demand demand provides for energy. Increasing sustainable ventilation nuclear power legacy includes power. global for mission decommissioning container containment plants. the systems. drive new sources and related to both of legacy energy Alpha and key engineered and
custody Alpha nuclear transport into or material. reminder, themselves As not take does a
M&A. tailwinds, in with this on Cadre's upside Cadre's presents XX, Turning Combined opportunity nuclear addressable to Slide addressable opportunity market safety additional complex expands you'll macro billion. represents our of see now serviceable an core organic immediately through an total and categories, growth industry needs this for that $X and to acquisition evolving consistent up market. and Based
visible acquire Specifically, leading platform we're tailwinds. than and enhance Financial orders. that expand highlighted that to and all total customer pleased limited look add-ons by recurring synergies, products XX% competition on realize growth for excited long-term to a across we're industry executing to product and Alpha. and long-term EBITDA its In the key capabilities addressable drive our exists contracts highly pursue profile and lines market base. the position summary, Safety about plans, predictable margins revenues, market greater is a very Alpha has and by Protected purchase strong, with large supported forward
Next, acquisition of a to take discuss our announced let in ICOR me December. moment accretive Technology
was trusted As brand with the ICOR you'll robots leading market XX, the and global this supplier margins. see that cycles, an for resiliency through boxes acquisition we another on look position, of of revenues transaction is macroeconomic a Slide checked a right target. strong many high in EOD of recognition, recurring trends, compelling side
Canadian business, Department strategically in of EOD year The to The ICOR achieved law Headquartered margins and is in business the and approximately excess of we which of ability near to recent in of which of meaningfully intimately familiar. ICOR our Police and in also expands is Defense Cadre's Ottawa, proximity also is mission-critical summer, military ended Royal during revenues provide XX%. to located addition an $XX enforcement are fiscal with headquarters based Mountain organizations, EOD the Med-Eng, the its National that close most area national Ontario, Ottawa. Canadian agencies robots in is million the EBITDA
be to to scale take markets. to Cadre's of penetrate key and channels sales ICOR's able advantage expect We extensive further
our Safety, of of acquisitions in with initial implementing integration, the in look include both related core and We forward accounting, tools and top compliance. coming months. to to we're IT, phases Regarding finance, operating legal Alpha ICOR CADRE priorities working teams the
our and the expectations the M&A activity uptick year, our remainder through markets, are pleased in our funnel other continue well we be that businesses to of for within M&A the of working criteria. with find we terms to diligently in In fit
of Turning now financial to XX, performance, slide detail Cadre's summary XX results. our a QX
year's on $X.XX as $X.X As Fourth million Slide compared QX. can XX% net or XX, last quarter share income you increased see per of to
highest full adjusted inception. margin year, adjusted revenue, gross the the since EBITDA margin For EBITDA, and were all
expansion.
Illustrated our out we manage continue positioning year in EBITDA our present a as significant about XX, our a including the revenue margin At we've to As EBITDA Slide discuss This moment. is guidance, midpoint, I'll products, this of XX. XX in and on of EBITDA year-over-year, On its respectively. -- made and in increased Slide roll portfolio our operating XXXX sales adjusted driving model which more premium net growth progress of revenue full December X% adjusted outlook and follows we and XX.X% and year implies of adjusted XX%. XX.X% structure growth we which capital
continued XXXX quiet was Cadre QX the XX X these have last in transactions XX be around acquisitions' market M&A to new adjusted the for still on While XX to both the ratio accumulate cash allowing Slide close forma and contributions to pro EBITDA sheet, what responsible provide months.
We leverage believe on of balance to months, us includes we This net our last a based guidance XX. on Xx.
million. sales expect $XXX We net million be $XXX and to between
$XXX Brad our implies expect of performance being and This of continuation please to a be will XX.X%. comments. to substantially EBITDA on XX.X%. we now of please income.
I'll headwind mind step-up keep SG&A for expect level adjusted margin this record between will stronger be back be mix to turn compared a to and Our QX the QX our excludes our margins quarterly similar their million it related with revenue and adjusted million our demand and margins expenses, We impact and as concluding through $XXX Right do year. expect to timing. be adjusted to can revenue and any some normalizes. revenue Outside note, But EBITDA from transaction strong now, acquisitions, QX we beat of impacted margins which customers range in of this XXXX quarters. guidance our fairly create XXXX margin by QX strongest But inventory splits in EBITDA net