And bear D.G. pause with a today, me. those upfront, please [indiscernible] so Thanks, everyone. little I'm I
Turning top but with finish year expected, the also coming solid quarter to exited in profitability than fourth some the results. line had quarter a to Difficulty] softness [Technical we as out our reflected We stronger year.
growth total grew currency X.X% Consistent company basis, rates to year, segments. year-over-year with we've top organic pass year. results, by in was across moderate the X.X% driven daily the seen sales prior daily growth price continue all on a what as or we line which both For constant wrap
the ended range guidance we more quarter, finished did sales implied for than see softness anticipated as within holiday-related quarter. our we While the
we for XX at quarter guidance. XX.X%. Total our fourth detail in lap basis delivered top XX a by year year-over-year the over $X.XX, basis of a roughly prior points year the operating margin margin expenses total, excluding points In aided which onetime total slides, the versus quarter I the by segments coming quarter as of of of Both will end gross favorable company was impact, finished $XX XXXX. When over the XX% contraction diluted was the finished slight quarter this in The points. basis the prior percentage but sales quarter million period. company year of by expected, was period. total, the SG&A roughly up EPS of up implied was fourth saw still in And which prior XX versus declining as margin which at for
decade. customer profitable growth level end the Solutions care remains driven performance. markets daily to in majority seeing on organic but segment growth with strong macro fueled in year-over-year year-over-year continue all for strongest sells High by by to all over remains a almost U.S., Canada results. half contractors both continues geographies. and a profitable quarter a X.X% the of most quarter Moving health slowly overall perform softer solidly up vast grew with with reported accounts finished segment and their In growth basis, expansion. The to year and of across in the constant see fourth and the XXXX the Tech Volume currency and the well, government QX, the business
gross improved did For continued year LIFO drove supply that by fuel quarter and partially margin versus price/cost a as headwinds which a tailwinds prior due profit chain we've XX.X%, favorability. These product year-end cost down lower not prior basis the adjustments, repeat costs at segment, container included the the we all benefit XXXX. to were in spread of finished lap seen and the availability points the inventory year inventory year-over-year offset XX year negative
the on are timing of we neutral in X-year and [indiscernible]. negative XXXX and XXXX a quarter enter as unwound price neutral we in XXXX, cost captured the stack a Although we fully the favorability for full on were as year nearly
offset the count long-term saw business leverage as operating in head basis At an drive continued was we by marketing points the to XX despite line, margin the of improvement and GP in investment year-over-year slight growth. decline
was of High-Touch prior leverage basis the a roughly lap solid due SG&A for to the period. onetime year-over-year points another in American North quarter up expenses mentioned, segment, wrapping by Overall, was As XX the the year aided it year. great Solutions
outlook year-over-year. where MRO industrial U.S. High-Touch the at Looking was market-based proxy IP remaining This On price in basis the to the X%, This for our total. points QX market inflation quarterly that a out XX. pure Grainger's largely Slide muted basis, X.X% contribution price of outgrowth by we roughly reflects volume to on driven price estimate the more at pass roughly between U.S. XXX indicates basis with fourth market. Solutions when quarter XXX versus production, volume growth outgrowth quarter points. flat volume and grew higher due growth market and our business We in achieved the in timing our closer the of looking versus contribution market that
against market outgrowth D.G. looking capturing case, deliver of we mentioned, as to an by again basis our target XXX approximately target at any full annual above the points growth the In year, XXXX. remain achieved in poised and
daily constant MonotaRO was X.X% Sales impact the depreciated Moving X.X%, on local Japanese U.S. achieved a in with of all endless currency days the level, yen. local growth or up Zoro's adjusts for increased the environment segment. its Zoro declines slowing volume while and basis, our X% customers. currency. assortment noncore X.X% they've continuation reflects BXC of to business a growth experienced macro in headwinds impacting year BXB which At
was BXC year-over-year. headwinds noncore the high customer drove BXB while basis At by the and From the strong over strong with quarter as customers new while increased sales points results, the purchase perspective, at in declines prior growth continued still single maintaining margins declined rate. customer year offset to for a versus remained business the Zoro. MonotaRO growth in performance digits year-over-year profitability steady enterprise XX and remained impact down gross to favorability XX% repeat macro-related light BXC segment also however, MonotaRO,
to was increases. by for efficiencies, the was the year. while and prior quarters, margin aided this Zoro negative year segment offset driven distribution X.X% mix expanded timing the MonotaRO gross basis SG&A the prior prior the by in leverage lap As Operating in by costs onetime results unfavorable impact price commissioning of XX and product points freight margins as unfavorable continued reflect decline from the center by of
Now to looking XXXX. forward
solid more market. muted to another expect MRO We year deliver performance [indiscernible] of
we're daily the currency to at $XX.X the organic growth total we billion volume assumes for a X.X% between price X% includes company currency down daily between the between X.X% largely outlook flat for X.X%. In year Our flattish organic U.S., the and the by in sales constant MRO level with plus This and billion High-Touch and X With be $XX.X driven X%, growth revenue X%. with total sales of range with constant between line market and growth segment, expect both to X.X%. segments. range top Solutions inflation to growth our planning coupled be
outlook, of to market basis we against the X market additional points over headwinds. the many continue X% of impact core local their expect headwinds anticipate which the our to the this and anticipated in in as assortment environment. grow in growth daily between achieve executing macro strategic enterprise top double mid-single Zoro local to segment, In demand the grow currency constant XXX customers [indiscernible] low slower business XXXX. an On to digits days to customers continue impacting XXX and ramp BXB to we outlook to for is expected we XX%, MonotaRO and they and gains hold engines foreign as macro-related grow sales new of in exchange anticipate endless digits XXXX. is grocery currency of expected U.S. normalizes to expected that
in and resellers expect the marketplaces customers, first BXC of also the impact continued include to unwind and of especially results, half We like the which year. BXC
work customers, fine-tune with will team drive their improve targeted long-term growing marketing, relationships consistent pricing model service their on of In its core focus including for all XXXX, and to customers. the BXB
some expect year-over-year margins relatively Moving XX.X%. stay company In in our we after to operating Even normalizing the segment, we margin to remain operating and margin total flat will in gross healthy margins expectations. realized onetime XXXX. to XX.X% XXXX, High-Touch benefits between Solutions quite
expect points profit gross basis in down We margins captured XXXX roughly be XXXX. in benefits XX of onetime to lapping after
the year through as the our of price discrepancy we timing cost we've over seen the the only last couple be anticipate will way worked years. for We neutral
roughly initiatives are investments incremental to be On to side, while in the and range seen In leverage following to revenue we endless with the margins operating half as we've modeling we BXC BXC-like consistent the we to customers. growth. strategic SG&A assortment, X.X% modest expect fuel Zoro's make what back our rebaseline and XXXX of towards the our X.X% declines continue segment to noncore
unit expected At margins MonotaRO's the are expected be are business while decline, the level, to to Zoro's neutral for year. operating margins operating
capital allocation. to now Turning
We $X.X implying business year priorities expect from to in will around with to strong strategy, an allocation our cash of XXX%. plan We largely execute expected billion the prior remain cash continue capital a to unchanged years. meaning conversion approach generate $X.X return-driven continue to consistent range the flow our billion, operating to
investing look investment the First, opportunistic at business in we M&A. and both organic and
expect supply in expansion to Pacific we to here facilities States range worked Spending the and $XXX includes million $XXX chain continued For the in XXXX, the area. in [indiscernible] United we of Houston Northwest capital the spending million. as
engines further capabilities, value in proposition. helping our power and also growth homegrown further data our customer We and technology plan our to invest
remains sustainability-related Lastly, a spin priority.
help emissions our returns to targets. We will projects in invest with continue achieve solid to
small strategy. have On this remain further evaluate team dedicated opportunities to acquiring our right open and in to assets selective, capabilities investing highly area. we are continually the a but in we And who M&A, also
form repurchase. balance our of to in we Secondly, and return of excess shareholders expect cash the dividends share the to
to say year. we of I XXXX dividend do to the this As not the in quarter, XX proud do but always, expect day our formally years set history second specific so our metrics. we we'll our increasing tie dividend for of remain dividend can consecutive payout in We
in year. every percentage annual increases consistent range high low we to the However, single dividend anticipate digits double-digit
in to Lastly, between anticipate and we shareholder allocation philosophy be manage our organization flow balance We the think million to maximizing amount flexibility to return-focused efficiently repurchases expect XXXX. cash $XXX returns. the and of this provides allocate share investment the optimal billion $X.X while to
that this currency as sales daily organic to all plan to total additional currency constant divestiture compared we than at In the bit top our mentioned, the normalizing days grow FX is prior summary, range level, higher are X% by to organic reported XXXX X ENR year. company rolling in of subsidiary, as a the and X% for daily our on changes basis. line growth of up [indiscernible] the we the constant [indiscernible] impact selling Note
impacts portion move timing back from to weighted a through these sales picked of includes expected to this, in profitability of this from softer large across disruptions in $XX.XX not the of appendix Year's as we leading with provided but organic to preliminary XX.X% started of the X.X% daily New progress both the cold With reconciliation a XX.X% as results to From slowly, expect basis. growth a January constant January a experienced currency margin, the This U.S. momentum we A up or year. is ranged half of revenue seasonality XX.X% holiday on discussed share. be start of mid-month weather the Operating as perspective, do to $XX per and more presentation. EPS X.X% we and
see with reasonably With timing year. subsistent muted we the first inflation very with remain gross favorability we in little profitability full throughout margin the won't show quarter. those outlook in year, seasonality this, and more price normally captured the year On our the will margins
year. Altogether, in drive to the the growth flat XXXX. For be to back quarter [indiscernible] the up down slightly ramp as thereafter in will year SG&A, Leverage each deleverage in will improve we this and the in quarter first as spending to half EPS looking quarter, will the expect a of we investment tailwind first ramp year-over-year
several expect quickly over before where years. to the D.G., wanted to touch take I to hand I it on we and next our the business back outlook long-term
long-term [indiscernible] made of targets EPS double-digit a are at of last framework. normalized discussed basis in target previously, hit market, progress to we're rolled quite top replacing continue towards meaningfully framework XXXX business by to Day remain XXX September to With in growth an with which growth profit drive XXXX. normalize actually MRO driven this, on sustainable from great the our still we High-Touch should As including gross track to on long-term targets. while we margins, Investor baseline sales that annual market line we targets profitability the XXXX the annual in our call, our goals strong we what to annual out outgrowth investing points We similar stable and earnings generation SG&A revenue growth, as updated ahead most continued U.S. activities discussed is Florida our growing our The demand XXXX on and XXX in growth. we've in the
You tweaks few which largely we the will a earnings to offset. made framework, notice
of the from total First, historical the market. of rate. share we've is maturity, to acquisition harder user analyst in the an customer there the this widened onboarded large team within and is facing its the top With has at their achieve this, customer MonotaRO, making stage effort marketing penetration firm line assortment strategy level growth dynamics to most to outlook expand midsized win. business end With each pivoting for it business business of as
profitable with relationships with BXC from core the core volume BXC work -- efforts the set. BXB build following though, long-term business decline they customers, the post-pandemic on customers customer is their refocusing to As this as and
the range to model's growth business prudent strong the think outcomes take in confident profitable still drive widen the it's this this to total we to deliver segment segment continue through few scale be years. and of next remain As operating overall. business growth and share to focused, for very ability Regardless, we to over expect the
Second, the pricing the last cost segment, in underpinned core competitive shadowed Solutions neutrality. remaining [indiscernible] [indiscernible] maintaining expect while gross against price price High-Touch margins elevated we we confidence which quarter, as executing market we maintain our have by is to X in
outlook [indiscernible] at growing business digits includes Day. we of considerable roughly as Investor approach. same through double end the net-net, Adding results, discussed consistent allocate driven we these which together, earnings amount turn the drive This we invest the a Strong we these an annually. out well and will elevated cash, think at this to attractive continuing up, with in remain level supply chain at capacity creation value return our add capability. profile, to business represents continue next the we our positioned for And years few we and technology we drive in as and to shareholders. incremental significant this an build for When all
remarks. With it turn I'll that, for D.G. back some to closing
