good and everyone. evening, Thank Barry, you,
particularly XXXX As adjusted comparable with and segment I'll during moving we operating across on XXXX and our EBITDA reviewing pleased debt year. and the progress by to guidance. some overall growth begin Barry consolidated the improvement net noted, were tonight for highlights year of before priority key areas results updated
primarily reported driven $XXX or $X.XX per XXXX. divestitures. EBITDA posted exit by of of XXXX billion, the in spend down year $XX.X operating year inclusive full our income lower results per comparable adjusted the $X.XX improving comparable For revenue impacts was adjusted year, prior restructuring late the on from We million adjusted X.X% the Full net million improved a lost or million, year of basis, year, basis. $XX.X for improving while of results. million increase on share full year-over-year X.X% just comparable payroll or net This from we X.X% income $XX.X from GAAP down the and a reported was total $X.XXX of share
Barry Star, noted. XXX $X.XX with in partially taxes, higher were year lower by amortization. from margins offset EBITDA by $X.XX and adjusted improving along driven in depreciation the points, basis benefits of came at primarily Adjusted and XXXX, interest North EPS XX.X%, comparable improving as Full
Merchant to turning beginning Now with segment operating Services. details,
at We of XXXX. revenues quarter of versus merchant fourth at during was conversion fourth isolated the signaled flat the we place lapping trajectory XXXX of most XXXX. driven during year the was roughly For growth with finished at fourth adjusted the segment flat expectations took margin versus revenue full Recall call. $XX.X million, or with higher Merchant XXXX at by rates. our which XXXX large the outlook our continued [indiscernible] $XXX year improving mid-single-digit full growing with end year, pleased margins trajectory our million, full the segment. with trajectory finished versus X.X% growth $XX.X finished by results. were the finished lower million, in consistent XX.X%, longer-term of EBITDA this and line roughly for Merchant moderation which the of for year, prior Fulton last Bank, X.X% quarter's materially while This versus and quarter quarter result this at that by the revenue QX
$XX.X some by quarter our line overall verticals. Lesser impacts the mix EBITDA softness results. across dynamics impacts pockets less a quarter-to-quarter was Merchant or X.X% of channel timing quarter. the trajectory of across adjusted driven of declining finished fourth across at included primarily million and balance versus the and discretionary XXXX portfolio XX.X% revenue revenue, QX strong This some the few
segment or Our ongoing reflect adds confident ISV our in sustained for ISO either an expectation across direct, XXXX, outcome ability for partners, remain revenues. merchant We our additional ranges FI of channels. in currently XXXX guidance new our signed robust merchant and drive this based on pipeline for queue mid-single-digit to growth
ranges. guidance assumed broader a stable macro We environment fairly have our ongoing across
FI as Importantly, we that and accelerate other expect new of progresses. onboarding wins our XXXX partner will
half is the sequential of ramping start the improvement slower the activities than rates noted our to levels stronger will first Merchant segment towards first. expectation in growth that half, growth a back with Our drive make these mid-single-digit
the Finally, results merchant range margin guidance levels and the business, assumes sustained consistent both our our guidance. XXXX longer-term further for with in low XXs XXXX
finished BXB $XXX.X the Shifting revenues a year X.X% at within to million, reflecting prior of BXB the year. [indiscernible] results payments decline versus the segment.
increasingly as recurring the to our X see solutions migration anticipated, As software we've management decline the quarters of of from we subscription-base improvement XXXX towards set rates we offerings. first of over treasury continued continue roughly an experienced X%
at continue Additionally, the our discussed from by reflecting to we $XX.X a the revenue This half onboard share incremental decline model of million, quarter. X.X% last Margin trajectory our year, margin. our our as adjusted we lockbox of our longer-term offerings. reflected the in migration business EBITDA XX.X% to remained to expectations XXXX the business across expanding teens year results rate expansion driven low legacy came SaaS with a for finish towards consistent as gains and continued and mid-XXs profile. prior first high BXB
at segment. finished revenue, finished XX.X% revenue the fourth of million, in million, for the QX BXB quarter, $XX.X with margin line the For EBITDA rates XXXX. $XX adjusted roughly segment full year flat reflecting versus at
We would as anticipate revenues Adjusted XXXX. across forecast Barry XXXX. a growth continue prior offerings our XX.X% these of and suite mid-single-digit declined recur overall from some results EBITDA reflect fourth we and year our receivables the climb business. BXB inflated gains to begin Within comments. single-digit adjusted quarter for longer-term not during his throughout versus continued from to for costs of ranges, to receivables expense noted continuing EBITDA implementation the returning quarter These profile sequentially, nonrecurring the both forecast lockbox year guidance of towards all low period outsized XXXX to impacts mix our shifts share to
guidance automation this AR Our year in expectation BXB range growth the software particular, space, underpins for accelerating over increased full trajectory. penetration of and
the Our teens the XXs incorporate to outlook with XXXX for continues from seen consistent margin adjusted the year range high results. low year the EBITDA over XXXX to scaling full segment full levels sequentially, assumptions
now deploy success rate, as XX.X% year. during at partnering base million, strong versus an by Moving accompanied particularly finished million, the our growth strong at versus XX.X% the continued set XXXX This XX.X% XXXX segment. with our exceeded year XXXX. to adjusted the a trajectory Overall, margin $XX.X data-driven finished business full growth to reflecting prior to Barry demonstrate $XXX marketing as our as was EBITDA marketing margin revenue Data expectations noted, within strong of capabilities. expansion reflecting growing This results customer optimized
expenses North markets. during see We to customer this EBITDA finished activity the extend adjusted customer from year. the pleased revenues continued expansion the more QX as XX.X% core $XX.X Data expanding the both year-over-year at of base second of including double-digit growth reflecting quarters. lapping both growth during EBITDA Fourth benefits expanding mix at million, finished continuing adjusted trends very my favorable and adjacent on for the XX%, operating trajectory, of optimization revenue included year finished the rate million in from strong within prior as execution, of segment, DDM quarter FI these well range of longer-term the returning we $XX.X year-over-year full XXs third signaled toward rebounded commentary comps and Drivers were than Data as our noted while the Star at across campaign a overall core our margin XX% year low drivers segment. expectation
spend measured You a over performance specific this with multi-quarter will from as CDM. the recall is some best lumpiness period business period exists timing of customer
continue and While outlook. we seeable quarterly the more to in business increased to contributing campaign-oriented from our benefit intra-year remains of the growth base, a nature, scale growth revenue
sustaining growth trigger-based XXXX full marketing going a incorporate in to growth supported revenue Data forward. guidance high Data offerings mid- these an Our for expectation sustainable outreach. and remain the other for year ranges profile confident of array We single-digit wide across demographic
communicated outlook. within Our we have Data EBITDA margin mid-XXs low longer-term the our sustaining that guidance profile in incorporates to margins horizon
in X.X% consistent our revenue, overall This to low expectation. secular XXXX year decline balance segment prior of solutions versus check at with an year. to the Legacy businesses. X.X%, billion the reflecting finally for with promotional $X.XX while XXXX finished of X% our offerings annual revenues by trajectory declined level, Print the Shifting declined mid-single-digit
have QX branded areas, of in some softness These these year seasonality the in the uptick some with across also In manufacturing accessory prior third-party and including our margin some focus addition across lower broad space seen on promo, particular. and leveraging largely source the our the printed promo in apparel traditional seen our comparison. areas, our platforms, trends investment marketing offerings we've continuing to in driven profile, offerings competitive toward
adjustments finished top for This was at Print quarter Adjusted versus year nonrecurring second July. result the with XXXX. in $XXX.X declining trajectory adjusted for X.X% million, late reserve largely EBITDA in during accounts line specific the overall line when discussed call receivable
guidance specific internal within across QX full of pricing Promotional were both QX finished full Fourth prior Importantly, some reflective the X.X% expectations $XXX.X of of my revenues XX.X% actions for portfolio. margins year Print million, noted the remained full margin quarter and declining XXXX the to remaining strong, our aligned suite reflected year strongly adjusted Solutions we as finishing XX.X% lap for the specific segment, the products. XXXX a year and at and the quarter versus rate Print to within our footprint at $XX.X year consistent million. trends rate comments earlier EBITDA This broader longer-term guidance with segment expectations.
predictable the XXXX for mid-single-digit across decline consistent remaining for our secular trajectory range. declines year-to-year reflect and Print, expectation to in a ranges driving low guidance revenue Our
than drive confident sustain range outcomes course margin remain managed We the to levels a better guidance or targeting ability rates. our to of in at these remaining the profile have rate revenue consistently low over while flat businesses also We horizon. XXs our XXXX these in overall these
our to flow. year to a last with cash as the net debt capital of $X.XX debt $X.XX with reduction commitment We ongoing billion now consistent Turning year our million for $XX.X level balance top from a down sheet enterprise. priority billion, and ended allocation the
to contribution X.Xx debt at result ago the removal EBITDA partially adjusted business ratio of net a of of year end from was exits. flat the the year, as adjusted versus Our EBITDA remaining a
remains of reducing was cash spend flows pleased of ability cash restructuring in-year consistent operating XXXX business debt with cash remain with clear flows continue reduced overall our capital exits. the from our to year-over-year delevering trajectory net cash our the our and As expenditures despite Free We million flow, as driven $XXX loss priorities. free strategic from Xx approximately $XX.X capital we've provided our cash noted, lower defined long-term expenditures, leverage. million, activities and by by in target up less
The as XXXX of on all on be regular Our $X.XX shareholders record of quarterly February March XXXX. market closing a payable per to Board dividend all will a shares. on share dividend XX, outstanding approved X,
are XXth growth. We dividend investment for responsible continuing this consecutive delivering year while the for our
We debt refinanced secured early As during bond, December, facilities, the aligns $XXX new we term closed all our to the pleased of strong XXXX we structure updated our execution million we top-tier with and the our along coinciding with upsizing syndicate a markets institutional with million from capital issuance on and lines $XXX loan as updated these saw our XXXX out were maturity. a also million maintained In our refinance unsecured demand bank remaining $XXX revolver $XXX Barry ladder issue original expectation. for in mentioned, full the million bond maturities. maturity along capital XXXX, supporting scheduled maturities. new fourth quarter, bond our carrying This very
expect overall we providing fairly our and interest XXXX horizon blended consistent maturity out ongoing with ample remain liquidity moving our us We are rate push to support efforts. growth our to structure, around to an to pleased with prior extended X.X% forward, the wall
As fourth neutral result interest we updated also of impact. rate with a swap year the positions quarter the our debt settlement unwound a during prior stack, largely in
stood floating an fixed will horizon. This while roughly some the balance uncertainty around expected Overall, ongoing as the changes our through timing of we to ratio XX-XX and benefit insulates year-end. lowering rate from interest trends get us at magnitude maturity to moving of updated rate
outlook. our to now overall for XXXX guidance ranges share I'm our XXXX. Turning to pleased
recap our And to $X.XX, X% as $X.XX to to XX% we $X.XX previous my Merchant expect and X% million X% adjusted versus free $X.XXX to X% comparable as the comparable XXXX follows: positive growth and progresses. $XXX year EBITDA to reflecting ramp flat $XXX million, EPS rates revenue $XXX of ranges million cash $XXX growth. mid-single-digit XX% to to toward Our reflecting versus flow assumptions, to million reflecting reflecting of Adjusted for between of Adjusted billion, XXXX. sequentially billion results. X% segment both XXXX of growth BXB to adjusted and growth negative growth adjusted to full comparable are of
and While while continue stable well. high Merchant Print the Data growth Margins XXs both teens maintain XXs, remains XXs remain low strong and secular mid- remain low BXB in low rates. to Print will will decline to Data in profiles the as and high single-digit to low will the mid-single-digit for
million our progress. with model, assist of improvements your the and acquisition $XXX and efficiency depreciation approximately million, Also, spending of expenditures we capital in across and to approximately $XXX of following: rate amortization outstanding of significant million, assumes $XXX count XXXX expect adjusted which XX.X modest and tax order following operations and $XX average shares corporate expense million guidance of our Further, interest between XX%; our an approximately million. million share amortization is $XX
for XXXX. continuing To were year in pleased operating summarize, progress to prospects with overall drive expanded the full we and leverage our
our We we ongoing all cash businesses. now expectations our expect improvement trajectory with growth questions. overall our concurrent an and ready consistent deleveraging value Each and capital these Payments priorities. X Operator, confident Data free accelerated of our focused in formula to are we take and material to allocation flow deliver creation across within conversion clear of are progress our remain against
