EBITDA what us standard morning fiscal thank new everyone, adjusted you, at annual Thank Good year David. we a you today. for XXXX means set for reported in company's in and $X.X this history. of over billion joining our Yesterday, and results best the excellence company. We delivered
focus to our focus at but and achieve they what's intensity XXXX, coming stepping the stop in our year. it's to looking reflecting checkout is level year. last their and This of thank forward work business, of a when year want to team and entire to our operates operators the what comes milestone. it dedication in in worth to we at best same calendar We're this XX,XXX an this it organization put and one possible time, out. bringing accomplish doesn't showing ingrained back employees brings everyone the how for day on end and on When day the I I'm can our
we're this But into last continue the review fourth usual, seeing of our a seasonality. I metrics with stabilization spoke our as saw On and start the what let's quarter months year. get segment. fourth three a and before America's that, call, industry quarter the in the happening of let's normal return typically we we the We demand reflect see our about where business last into within
The quarter strong showed commercial demand.
highest well the the our that the was levels volume elevated brands an we it company fact, In commercial have traveling amount above history in quarter and and XXXX. in It's during achieved at of level. is we commercial using apparent customer fourth seen
approximately year Our commercial and XXX% price. a increased in on are the resignings average an coming for at
the that exist fourth followed Christmas patterns being with largest. is traditional mostly quarter, around Leisure periods which holiday the in the
in need to with air customers reaching destinations cars one-way there December, of While surrounding to travel get were into challenges offset rentals were late our travel going. where we their used disruptions robust they able as were
We possible best customers need. the our well in have and great for times together partners airline outcome work of for
this trends, a different. forecasting decline better rebounded growth. third to sales up the normal in from Pricing supply the The helped XXXX the the was period Peak and improved the from to and Like return seasonal represents no year saw quarter X% of we from pricing X% in demand. ancillary matching quarter. this more quarter, quarter which always was said, pullback and fuel to for I allows fourth a height of seeing third we're and
day to both technology with and this by We the of technology, the field, of forecasts operators, and down experienced system, week, This our pricing our our prices day, accordingly. location, demand combined demand capture by and us fleet great which opportunity. to in of team headquarters time by proprietary with supported car are level allow
say between saw early in has supply be found the may what whether quarter we equilibrium demand, an to and industry the encouraging. is it While last
holiday supply challenges cost our this discipline to showcase streamlined operating slight of we But their rotate so structures results The January, and we that to focus factors to teams due out control. abdicate the better to and older a and as with pandemic. during to responsibilities desire didn't travel lean Instead, continued deliver units had built disruptions combined the utilization. a as into us usual, position impact chain heading quarter on
We the keenly with to in aware by combat sustainable productivity continue data. will and driven and XXXX of gains costs face are inflationary technology we pressures rising
to of revenue depreciation metrics, statement, during interest. on million, decreased Americas these year-over-year; adjusted the income million in and by Moving $XXX vehicle by million to headwind a however, results the in $XX due period $XX increased the EBITDA same primarily Americas
the incremental of recent increased while to America's quarter compare fourth million our margin million increased an you results revenue for EBITDA XXXX, $XXX $XXX If most by XX%. by adjusted of
contributed to this Gain million results $XXX our on dispositions quarter.
detail call, rotation proactive of when vehicles prepared fleet high at As comes remarks, I the get market. proper but fleet. quarter the new in we were complete nimble by opportunity said fleet this I'll in mileage an it portion ensured into to on favorable prices exiting brought we we see and we during our as dispositions our more again, previous if
saw into discipline had fourth and and Demand strong great February. we our show the trends a continuing in see quarter terrific this into first. Americas going is year, and the the forward-looking reservations positive a quarter is January price and we Overall, and
is sales have the improved encouraging. for and prices car shown our there's improvement, Lastly, demand which
move had that, an let's year. to historic International which over segment, quarter full our and fourth With
you've strong XXXX, the story volume International the A seen fourth below maximize the to XXXX, in Rental recovery. is quarter Our what the was stringent of than out fourth quarter and days quarter and EBITDA. of with adjusted discipline year. cost consistent but in order team met playbook with rate to quarter entire higher environment XX% for the XX% which runway signals were results volume for still fourth fourth a lengthy the of the
quarter adjusted RPD in effects. negative EBITDA a in the of segment. on million highest We're of seasonality the or to reported rate proud basis rate we movements. exchange on much International as was million Similarly XX% full Adjusted including of seeing from EBITDA achieved XXXX the by significant return a our Americas, and This movements to year-over-year, rate year well. $XX from out exchange was in XXXX year what the a including quarter EBITDA brought marks team of normal of achieved currency higher coming X% continued currency are a $XXX excluding a a this to impact the basis, impact reported $XX million fourth and record fourth $XX in negative million this segment expect adjusted year. XXXX EBITDA full excellence exchange
consistent segment. Moving and fleet, we will quarter to on with on the are last Americas focus more
busy disposition and fleet to the our rotate mileage teams Our to vehicles. high model vehicles fleet quarter continued make maintained year exiting this for new XXXX room
gains disposed than XXXX. car are on in and market more the products. fourth selling prior, fourth at of our network a vehicles we expect discussed these In levels our do remains demand earlier which not as the elevated quarter this quarter but same cars The above value, for calls, fact, seeing used shows price we moderation sold any in
the on in resulted higher XXX higher we versus sales experienced. cost Moderating per in XXXX. fourth a XXX We in straight monthly of gains with than month per monthly of combined line Americas unit recently depreciation reported depreciation the quarter
unit per XXXX However, of per due from the to interest in quarter rate the to environment, rising month fourth vehicle in fourth went quarter our XX XX interest of XXXX.
negatively our a which rising rate rate environment. conduit ESOP interest Our a in include vehicle facilities pooling facility, impact
that last used fleet risk and As expect ourselves into we our to where the in XXXX have position. costs full values, the car cost not penalizes fleet that putting and sure we this capacity rising important call, environment of This severely ever. pointed excess making continue out optimal moderating utilization is will fleet on size with interest more than year we
how this our to trying fleet quarter to constantly discipline disposition demand. industry we're Our illustrates supply match
new We are to vehicles demonstrating well. same taking on as that discipline
capital the of conscious on with of capital and as vehicles our fleet optimizing return that stewards As being are number that last business for for I we of very use both purchases responsibility realize our call, mentioned of are on is our price XXXX our in we purchase this largest the the buy. those Therefore, business. and vehicles
than of On we'd have it our run rather the on vehicle vehicle unutilized lot. incremental an margin, out
vehicle mix lower overall key Our stance. of having optimizing coming key product the means renters number younger internal maximize We're Thankfully, fleet units also we're vehicles. absorb. and both mileage for this our not health We're demand. of OEM XXXX can trying allocations fleet, which are combustion Instead, secured and in our traditional which that we overall launches out exciting means fleet, electric new of the vehicles of with portfolio cars. partners for XXXX, optimizing to the we plan a course our and reflects our
seen the our for have and demand going into So we've first continued prices cars continued quarter, improve. used to
and is continued fleet demand rationalized size showing our currently improved to utilization approach fleet levels levels, a just in Our under industry.
allow around partnership rental takeaways these, increasing SK believe issued on nobody we Those a electrification. me I industry clearly the recap as me who reference Group's our January that fleet trend with let percentage Electric we're of as strategy macro vehicle new vision XXth EverCharge. the key a the it, release is jointly seen and While of subject on press this haven't car sales, share represents disputes. to
specifically advantage trend take to when less how rental of However, obvious. in car is this the industry
an charging condition At a a the electrification fleet. An on to of is framework rests optimal road to Avis, infrastructure. believe charging we support necessary foundation electrified
to scale each and follows that Our upon other. infrastructure four key approach pillars build creating this at
rental airport is This support the to enough access power secure municipalities first power with coordinating utilities a to large and The availability. fleet. appropriate to means
in is versus hardware open pillar of composition. terms has site A both different footprint hardware. have will needs, own air garage customer fiscal and second Each one. requirements covered an The specific
power out energy many optimize availability. airport. airport from unified a chargers, portfolio others, can need in, solutions. the commercial thoughtful to storage check LX manage to along and chargers, The leisure is hardware dynamically Having check a heavy before factors, loads vary dynamics developing with These be heavy dramatically that electrical can DC considered necessary versus fast of
value history pillar majority solutions time the residual to times, at it's draw throughout times turnaround manage demands. Therefore, customers' while on its store The monitor necessary We of and off optimize battery. meeting load software. third grid to is and peak kilowatt. vehicle resides for in our per peak minimize software electric in for day the need The the charging cost to
that software cycle most fundamentally a purpose-built car we around and out vehicle, way personal you'll is Comprehensive challenges offers of the retail-owned and your life movement guidance hardware rental visibility software capture we unique is a daily why the right of the get face. portfolio. that is The the from different data which only require powers
on expected The operations optimal pump it's vehicle when the rented charging for not charging There's That's state fourth and last fleet. variables on pillar and for port the an vehicle. used certain met. of operations or process. of are enter as the in for EV can next, be changes charge three to new the car. ICE lot gassed vehicles be based change can vehicles thresholds flow based minutes case an be and The any any is Normal
with journey handbooks all won't you. require vehicle charging legacy in in this. world. connection the dashboards adapt technology real-time right for kilowatts, The work new won't operational the help methods for the and stations process, We and to tools an world our electrified Without the better
mix, my years. subject we been We've Avis constant challenges, These partners have developing forecast diverse them opinion extremely been in our is but customers OEM on with engaged roadmaps to in formal airport upcoming matter at our fleet EV our for quietly specific working will the we've a are daunting that enjoy. dialogue and experts through and which
ecosystem. external partners, an us we've with our and Group I SK as excited milestone how Group the meticulous that of to product given waited teams to substantial together want internal the the of we've EV what SK to on this key our thank come. slated example developing year. proof we've our launch and consideration am the was large additional effort and reflective most system in until we of all advanced yet EverCharge four we fleet I confident the Houston what's for airports in this as helping scale team believe felt the pillars we've installed EverCharge for and what addresses charging show we While to point by have been serves and the what It been represents and working convey achieve
two books I and results by and of of once challenges up I'm my year are pause fleets definitely performing accomplish we've strong. marks and demand vehicles just team to record faced XXXX. rationalized. there still XXXX. how we excited ago used one proud can an remarks prepared Industry and our started years what is am It's and the well, Demand again the saying in prices. from turnaround our for and wrap continues for I'll improved here the the Prices incredible be
that, I'll over liquidity our With to to turn Brian outlook. it discuss and
