Thanks, morning, good Nick, and everyone.
fourth totaled Both these the operating of sold. in after the quarter. businesses figure let's start income preliminary in we was million our with consolidated that in This operating we've adjusted excluding with operating quarter $XX So, X million. income revenues fourth quarter for provided figures industrial in in financial same were the slide $XXX results now the January. adjusted summary the as million income prior financial year compares adjusted $XX Harsco’s the
facilities we and higher a our original against the the as in to Rail costs the variance manufacturing the encountered of segment attributable delays guidance North was result capacity of quarter majority America. following challenges shipment in consolidation operating manufacturing and The where of our
the variance was lower The from Steel anticipated XXXX. of X% Environmental results. and the the product compared than softer segment where output impacted sites expected services fourth our at our was declined approximately remainder to quarter roughly customers and demand than the of customer due with X%
prior backdrop, Furthermore, for maintain a challenging steel encouraged was in this market essentially is quarter in are a and the overall operating business was the we quarter. against comparable pressures the able the the margin quarter which of a intensify late to continuation challenging adjusted year that XX% what year industry, with
again in in and illustrates in XXXX we've it improvements performance made later growth our on within this Overall, particularly positively the investments believe business made Environmental. reflects that the we've we recent years
adjusted Earth margin XX% Clean quarter Harsco’s Revenues in another consistent QX. delivered adjusted Meanwhile year-on-year per or our we fourth with XX% had related expectations. and operating grew share XX% a This in to few strong quarter. earnings plus pending operations for figure our $X.XX. other continuing and from unusual quarter ESOL for a items strategic the was costs acquisition is adjusted the organically,
we to nearly our and cash in in quarter. of QX XXX,XXX $XX million repurchase flow Lastly, million stock free shares $X we the spent generated of
exited and adjusted X $XX slide I and was to of please meaningfully were including operating translating segment. million largely demand income lower to totaled Now our profitability XX%. million the sites. as of at year-on-year impacted utilization our with margin at in just earlier Customer steel Revenues output was down customer $XXX roughly Revenues impact by indicated sites XX%. services turn a Environmental over capacity
a more level result. lowest our trim is the Nick in destocking while markets hopeful at far demand and reflects the mentioned, amount underlying The the meaningful of to and have production supply Steel going a years four as principally utilization throughout was related quarters. this we're likely a two actions recovery represents the there on These hemisphere. appear was to to As stabilized steel sites impact inventory to exits coming decided in stable. will southern in of lead customer sites chain producers that the
our to contract One customer exercise equipment. venture was option joint a a its the and with exit purchase who
by site where was volumes standards. commodity applied few control were exit on we quarter. the administrative weighed recognize performance. renewal a given to where meet factors the in prices other spending expenses costs didn't as impact the products other need lower and metrics offset lower driven These external a the by and businesses our America The North was market principally The our in conditions
X Clean Next, to Earth. please for turn slide
up growth rate As noted, favorably for Clean and Business dredged most quarter contaminated Clean nearly Earth was with Clean volume in Earth quarter another organic growth profitability Earth’s impacted the also mix before. XX% with strong tripled. year-on-year pronounced materials. delivered revenues and XX%
mentioned as among in quarter highest segment’s The segments. XX%, operating margin our the adjusted earlier, three the was
at cash an and believe $XX million totaled with flow Earth’s EBITDA. approximately XX% half Clean We of business the important free financial the free this conversion year illustrates a ratio of industry. Lastly, cash and of the in characteristic second flow attractive this
turn please to revenues mix period contracts. revenue less earnings prior additional a to due higher volumes business. the North X% our million, America $XX were in sales X on heavily weighed Rail equipment year Slide Now, Lower and in on favorable Rail regarding over Protran the up long-term after-market quarter. in and
included cost lumpy the manufacturing led manufacturing other higher quarter. in we and be lower. times, can flow Also, slide. contributions in lower These experienced cash bridge costs issues business, on modestly the impacts which the or Rail shipments also our operating which reflect the at and delayed to we're The contracting the category is in from impact
commercial quarter-on-quarter totaled in record which Rail, Japan. up the $XXX year, Very India, which Brazil, increase me is positive backlog XX% and of to XX% total This Rail year-on-year seeing strategic million attributable we're us. equipment sequential importantly business. on another with the this illustrates in and and orders comment at the the backlog on let for end is Europe, the momentum approximately
penetration with provides XXXX now the more new in doubled steadily since growth Our of as result in than is significant time for confidence a Rail product visibility this of climbed for and XXXX backlog and has markets and backlog business. and plans customers. over XXXX us and our innovation This new beginning provides
Nick disappointed with we mentioned, operational Rail. as the developments very recent are Now, within
to against demand, improve strong in decisive and standards execute and after facility’s action not Carolina but our quickly up we background the workforce our taking to that growing are footprint situation. of the did South So, manufacturing consolidation, moved the expanded
or incentives the challenge quarters. production optimizing the is plans manufacturing workflow, with in place capacity improvement and reorganizing shop the goal we the strengthening in coming mentioned, Rail for leadership year. its as drive are improving focused is Nick will its and later confident space in biggest we physical have on Our processes of and And
excludes it full X, on industrial our is, to on a XXXX summary results. our is Turning business businesses. divested slide of year The now presented high Slide level data basis, which continuing is a this that
If foreign of a of you steel adjusted for and the industrial year, Earth only were operating half large first include modestly. our exchange the earnings Rail market for portion and Strong were results the offset to pressures the challenges. rate on environmental down Clean
the – for was As a stable at operating year. operating XX% result, approximately our margin adjusted
our So, now, slide let discuss X. for me XXXX segment outlook on
the guiding to to EBITDA level please with expected business each with And peers. our is improvement we’ll consistent that First, note as is show opposed income compared be XXXX. point that operating many high of to now
So single and EBITDA a growth. and products to result contracts new starting with revenue as increase is digits Environmental, Harsco projected of low
from We during improvement, restructuring also benefit savings the expect year. to some
ago bottom a normalized the in in XXXX. touch not industry customers fundamentals growth one couple industry tailwind of to rate and much steel our a pointing from are more anticipating although We months major the likely of is market
to Next, for for Clean million $XX year. to guiding Earth, $XX of EBITDA the we are million
drivers. consumer a Clean and primary mentioned high forma the The However, this does and that like-for-like cost our permit medical midpoint for of more this than up this is we're growth teens XXXX. XXXX do Earth But outlook corporate to range. with the organic incorporate Note actually basis. range on volume process waste end versus $X a million modifications planning allocation pro low underlying is to year-on-year of better growth of being I rate
XX% expecting from delays are some our earnings and line we XX% Rail, shipment backlog strong top For growth; and reflecting QX.
development. higher year, impact mix the the For and and technology of weaker research and sales investments equipment offset will parts in
resolve capacity challenges to South Columbia, by operating or expect half. in Carolina, end first the the We of our
the to Lastly, of $XX corporate to costs within anticipated $XX be are million. million range
for year. and the foreign Clean includes some $XXX primarily the with $XXX the XXXX outlook compares effects recent coronavirus also industrial within our EBITDA and our and exchange XX, full range expected consideration pro the is EBITDA to euro. of for of to consolidated turning reflects for against $XXX full external adjusted fluctuations forma developments of on This as million million, be So to which Earth year slide in the range million excludes XXXX such this
This The of to share EBITDA contemplates and million of share. million, expense million of guidance range non-operating per income $XX XX% $XX per translates EPS to of to $X.XX earnings interest effective rate XX%. $X $X.XX pension tax to
Lastly, between and $XX million be free total of of range CapEx growth capital $XX to million. the cash flow million is million $XXX projected to and including roughly $XX million spending $XXX within
best out that pipeline should same level we’re to principally will of Rail in year, which and/or earnings. on here capital meet as some working financial particularly discipline strategic Environmental, be this QX free year. despite I flow as to well in significantly keeping are as standards. point reverse flow last spending capital CapEx of exercise gross we selecting pressures are continuing the our the opportunities projects cash by our strict expected growing those and Environmental to cash cash driven year the and of The ease higher improvement where our in free spend during
with range results services mix $XX lumpy results also from will let lower guidance. The prior quarter. million So nature be million. to conclude compared in exchange of and QX XX range our Rail on to the expected demand, to given that me as quarter business a expected site lower contemplates lower year adjusted be is this favorable foreign less of result year-on-year year-on-year first exits. translation Environmental the EBITDA are a to $XX slide
improve of should Earth’s will compared projected Clean Earth mix. growth underlying basis a lower double-digit as seasonality volume in and a the is show be on revenues a with result QX QX. sequential results compared and So with given strong business. a Clean on normal And EBITDA results more sequential growth the this favorable basis to of
comment on phasing. let Lastly, me
both progresses. results Environmental, strengthen efficiency the be in sites continue and of second seasonality our growth you'll include impact the the the as expect As likely that Clean factors half. and phasing conclude, maturing the to new will manufacturing consider until of Environmental the constrained we to year The Rail’s regarding in to investments Earth of
So the our back prepared remarks open turn to operator and call the questions. now for concludes I’ll the line that to
