thanks Thank to and you, Tim, today. of joining us for all you
and different was coupled basis pre-separation for the of difference first of the year noted, ongoing. period work in with XXXX as stand-alone as of the Tim closely from fundamental post-separation will quarter a to reporting. legacy on less view post-separation assumptions, Therefore, separating today to company, NCR operations As accounting results us assessing the This, more align is our relevant use results focus fourth performance. for the quarter post-separation cause which full structure and periods and XXXX capital comments company's our my reporting fourth
Also, transaction with to the year the some there fourth prior comparability quarter are items period. the that results related impact separation of the
countries quarter these results the Firstly, legacy setting but up to temporarily were NCR the not separating accounting, fourth from Under included fourth due legal were carve-out delayed operations local ] NCR quarter countries, in entities. million [ QX in XXXX XXXX. operations XXXX in of balance XX Atleo's in processes $XX and created of early X on during of are million by This expected $X fourth artificial the an XXXX of revenue transferred quarter and of transfer these to approximately headwind EBITDA. QX the XXXX. XX Of of
separating NCR, successfully Atleos in million dissynergies $XX had from Secondly, QX approximately in legacy NCR of XXXX.
these results, to other quarterly non-GAAP financial Given the normalized performance Note period we underlying typically in with track provide noted certain items KPIs, when comparability to these results. factors, adjust discussing internally, improve rely that business. on results will for with to that refer that we to results in non-GAAP instances I addition along prior metrics of
billion. increased to the Turning we to a would comparability The XX% our XX items After the have prior Total in and total year-over-year impacted year, revenue that to company and X%. with revenue review revenue normalizing grown revenue prior $XXX period. recurring the recurring quarter. to for Slide estimate of drove XX%, revenue X% fourth $X.X year approximately in XX% model growth progress continued from up million recurring of increased mix of
the dissynergies. grown $XXX $XXX XX.X% have XXXX in prior the and QX XX.X%, quarter to fourth adjusted of adjusted EBITDA a On EBITDA and and decrease margin countries year, with would was to basis, attributable the delayed EBITDA approximately normalized estimate adjusted adjusted right. was X%. margin EBITDA in we Moving primarily compared year-over-year XXXX by EBITDA to The Fourth the respectively. the quarter million, million
separation, with billion down the attributed expense which fully prior interest to the year debt the were associated in to amortization increased as and P&L, external debt The difference prior Moving and issued relatively expense significant expense, due similar $X.X other the was NCR. period. of to part legacy we most million depreciation interest $XX external and periods
fully and in The of reflects [ Fourth quarter diluted million effect $X.XX, prior separation quarter count options million the historical XXXX, outstanding the effective the pre-split dilution were was XX.X period. diluted quarter for during XX.X not fourth XX%, million restricted compared of tax from assumed which to units increase and average rate was net earnings approximately working due adjusted and to the to $XX cash related separation. and flow capital share approximately per Fourth payments $XX had the free ] (sic) use of timing. transaction million a to we share was share
fourth making Banking comparisons was by impacted quarter Self-Service The XX. Slide inconsistent. to delayed countries, most the Moving
dissynergies my XX%, fourth by will XX% the year approximately EBITDA revenue attributable was This would prior normalizing over with have reported adjusted approximately of EBITDA to lower On the EBITDA year. comments basis, increased the On provide over adjusted normalized the million, period. adjusted and was Adjusted compared by prior quarter on EBITDA year period we X% million of the SG&A a $XXX So partially basis, to normalized prior The costs delayed decreased year. legal over left, a focus earlier. EBITDA margin $XXX these a entities in to meaningful rate margin would current X% the year a on period. increased mentioned estimate adjusted and estimate primarily X% upper comparison.
Starting revenue and offset prior in the have varies is basis. we in impact in
the Moving to KPIs at the bottom of slide.
the Excluding strategic sequential progress KPIs. we impacts, our continued separation-related on saw
prior our earlier, year. year the XX% As XX,XXX and units units, year. quarter the over of we the finished consistent over which to translates goal This Tim a with ATM-as-a-Service for is increase with noted
slight was revenue, caused been sustainable the billion focus revenue. bottom On recurring have countries. recurring and trend sequential right again ARR, or above this would basis, normalized growth which to driving delayed in a on the consistent shows the Annual aligns a by decline, from our $X.X
added ATM-as-a-Service the XX% during over X,XXX Banking segment and Self-Service help of approximately additional track in over ATM-as-a-Service Some We to increased year progress. the revenues prior X.X% quarter accounted units for quarter. ATM-as-a-Service information period. the revenue fourth
our fourth prior led X% strong withdrawal up Moving was period another with segment. agreement by high Slide the single-digit saw quarter. growth at Starting XX over to benefited Network ASDA Network revenue quarter, growth year and volumes. America in in the the fourth broad-based with the up We the growth North segment. very XX%. X% increased performance top, implemented the International and from international in in Withdrawal
higher-margin surcharge-free transactions. Importantly, transactions surcharge grew than faster
on of driven mix. of right. Around expansion EBITDA chart of the million year higher was and period, half over $XXX the points to basis margin Moving of incremental represents rate or EBITDA margin expansion Adjusted XX% volume prior margin XXX by the revenue.
half accounting The to related in treatment QX separation was other for XXXX.
a focused relatively units, relationships transaction is Banco on Fiserv, base and expanded adding transaction Sabadell growing strategy announced types adding on like including both volume Network fixed users like Our of recently.
the at well how of Key slide has the the business doing. highlight metrics been bottom
we in the period existing per unit the fourth point proof the another network continued in that quarter, with portfolio, the average revenue of X% to ATM optimize monetize our chart On the see right execution XX,XXX shows last was of left, have over increasingly finishing ARPU XX flat quarter on or can up the to The the you strategy prior months our units. our ATMs. year
customers been segments. and from Other which performed between intercompany benefiting reporting due period, agreements Slide to on post NCR the country revenue comments have over NCR represents and increased XXXX. revenue down Unallocated to to commercial Atleos other costs prior from increased Voyix reduction to Voyix. remaining Voyix year-over-year The activity XX% delays Moving with Other QX the segment of separation. year some services left corporate segment to NCR NCR larger & separation, higher expense. for we and $XX in were on and Telecom due Technology exit foreign million related adjusted and EBITDA a prior our exchange would XX. dissynergies geographies legacy exited in Starting the
year-end right-hand financial an overview is the of position. the side On
We quarter million $X.X cash with finished net $X billion and liquidity over a of have We of with credit. and little in $XXX ample debt over billion the debt.
was approximately from trailing our and EBITDA. priorities plan we our Board X.Xx XX-month X review investor Our Capital leverage QX. December adjusted allocation to in on are based with recommendations call, update unchanged
Turning I'll year XX financial our to outlook targets. Slide XXXX. and start full with for
total expect in the $X.XX, flow million to We range of of $X.X million. to to company $XXX $XXX billion, $X.XX $XXX adjusted billion to of million, and of diluted revenues EBITDA be adjusted cash to EPS $XXX $X.X and free million
of with to approximately adjusted Network segment revenue to revenue Banking a level, adjusted with approximately EBITDA XX.X% approximately margin corporate with billion margin approximately X% At EBITDA X% margin. XX%. $X.X X.X% be with should cost EBITDA of of million of T&T total $X.X billion to million company XX.X%. EBITDA of XX% we revenue. $XXX revenue segment of approximately expect of Self-Service $XXX adjusted Other margin to X% Unallocated of XX%. adjusted revenue
Other and diluted fully relevant an XX.X average expense of share $XXX effective and million. million interest approximately assumptions approximately tax of of rate XX% count include
billion of expect For of adjusted company range $X.XX EBITDA million per the of EPS to million, $X.XX $X revenues in $XXX adjusted to to be total XXXX, the $X.XX first share. we $XXX billion, of quarter to
positive. We expect flow free will cash be
QX of which million accounts transferred impact beyond impact XXXX material XXXX. headwind EBITDA. end QX of million The impact to be remaining revenue not QX of is the legal delayed X of these XXXX. not $X expected of for the XXXX delays Our We QX the do and approximately $XX guidance the approximately fully at entities have expect any of
digits. XX% EBITDA level, At of XX%. million EBITDA adjusted to X.X% total million margin of ] X% $XX million million quarter $XX segment of single of first margin with Network revenue adjusted $XXX corporate should the approximately to XX.X% Other costs Unallocated XXX with approximately in and between EBITDA revenue revenue. be we with margin approximately approximately T&T XX%. a expect with XX.X%. Self-Service margin company the of adjusted be EBITDA revenue of of $[ Banking low to adjusted approximately revenue
shares. share interest $XX $XX of assumptions of include XX%, XX.X count effective approximately million, to diluted tax Other expense of rate million fully million average and
used the our Note outlook. in website. quarterly XXXX segment This results our Relations for that baseline for we as have XXXX posted of and Presentations be a modeling Investor can section financial
momentum QX, to to with related In was due closing, very in focusing the key NCR performance, compare accounting Atleos look a a to and complex references strong separation event from fresh I and in between periods. minimal to actions transactions forward delivered a segments. different start results XXXX on basis the strong and discussing X and our quarter the transaction-related
back With that, to I it turn Tim. you,
