Robert K. Snead
forward CEO. and execution focus But Minor. I’m discuss as and the I Today the excited credit color update allocation also to team, an outlook and changes company brings Bob, & then everyone. will on full-year the our provide our experience capital look before provide recent behalf on of management to we Pesicka And to interim the partnering about Owens Bob, to our like amendment as and to agreement good like results, I I'd I I to with for you, to welcome support opportunity of he with for morning, on your strategy, and Thank you our begin, enthusiastic take fourth our quarter Ed organization, discuss forward strategy. XXXX. the of our the Ed, to move thank would
serve a Chairman. forward you as well experience quite a you impact short our made as You’ve period in positive continue and will this
results. the for Now
For an with of prior was revenue by year. compared the million. the quarter, of $XXX quarter, Halyard $X.X fourth increase driven billion, last were X.X% growth revenues primarily to consolidated contributions Consistent
compared For prior of the increase full-year, X.X% consolidated revenues year. to were $X.X billion, an
non-cash recorded goodwill per we For the million impairment a quarter, fourth $X.XX or of $XXX charge share.
of or and per charges For non-cash other share. GAAP per goodwill share. for or the fourth full-year, million $XXX $XXX the incurred was million intangibles quarter $X.XX net of impairment we loss The $X.XX
worth quarter $XXX it The annual the of or $X.X quarterly the or related quarter previously. $XX.X the is $X.XX $X.XX share adjusted in or income $X.X $X.XX our per amount, the annual expenses quarter per share the noting was included full-year, million provided for earnings severance and million It the net impairment call. included and share. not that this charges anticipated was $X.XX we during the share. share. per per fourth $X.X was guidance Adjusted results or of or results which for million net $X.XX third per million income full-year was million include mentioned fourth For Both
fourth we provided. our range within just full-year Excluding quarter was share severance, adjusted the the $X.XX net income per
revenue and to $XXX let's growth business. year, for the million distribution Now manufacturer our revenue to turn $XXX XXXX. in Solutions were unchanged essentially prior Byram compared segment by year. million a Operating segment offset million The the billion $X.X positively Global by performance income solutions revenues last favorable effects. was affected to $XXX for decreases Results were compared were of year. our in growth These
customer being decline And positive we're The continued that previously, expenses and expenses including here impact resulted issues driver to is significant warehouse of were on of revenues. can hyper-focused and performance increased also revenues, pressure, margin pointed and related customer increased had mentioned The increases lower the fixed. this. delivery and and have As a we mentioned, on in be previously addressed retention a develop negative in these number as our the solutions a expenses, operational are from Bob new costs. factors decline severance to
and our stand have in we will show time making encouraged and where we headed. to are for it where still this we financials, do we take some in While XXXX and more progress about to feel work we are
Products the Global to Turning segment.
the million, prior in million, for Revenues revenues year. included from compared $XX.X For Halyard was Operating primarily the to $XXX Halyard. the income contributions year billion increase $XXX of $XX.X year, were million an million. $X.X of
our $XX priority first full-year. flow our over approximately the credit operating for million was In-line to other was of Turning agreement quarter of cent long-term we changes over to the S&IP closing deployment. agreement reduced recently at dividend and agreement $X.XX loans credit of term and has and cash the life flexibility cash since We greater things, the profile Halyard our years. top covenants since acquisition, be the spread our quarter with is the that, to of to The deployment. per amortization reflective with rate in acquisition. interest December a more Consolidated the amended of million us for billion have the a Deleveraging Halyard the $XXX few share among repaid next capital balance amended provide financial flow sheet, revises debt. the capital our debt Board and XX
Please review you that a outlook these my Finally, the important and assumptions materials remarks. section. guidance on XXXX XXXX, posted other These let for discussing time our supporting Investor and some outlook our encourage I of include with in is to our conjunction website spend modeling note me for materials our in summary XXXX. Relations
per we to $X.XX net For share $X.XX. adjusted of XXXX, range anticipate the income in
our into insight Now add let better some color for me XXXX. additional expectations provide to
being that interest First, From $X.XX in our is of XXXX included to I headwind distribution is in in compared for represents exit. issues overall flat share customer to compared in up our XXXX. we associated distribution the offset be XXXX. will expense credit a XXXX relatively and more and agreement timing interest rates business amendment. some by impact the recent our our step mentioned which expect to revenues year operational about declines the growth business, in outlook an perspective, cost line with XXXX, top This consolidated giving This implies of per revenues have us of our
believe in offsetting will be combined we well improve and proprietary solutions improvements our key However, our value see success includes to renewed expect revenue of from distribution going through will our revenue forward. we pipeline partially our and beyond. our which we operational This with drivers and improved expect proposition, and year, the products serve XXXX us benefits which new to
FusionX. called would touch includes to a may unfamiliar guidance many investment I which our venture, a was created FusionX of in of FusionX, moment anticipated second investment at devote that of you extensive majority-owned new shift time XXXX value-based is I so of business that back to team new in particular, many running encouraging FusionX this companies. solutions that began with we start. new that with XXXX on There to in me of the a succeed and let realize in The providers is a Our impact in has earnest care. the in the XXXX. noted will our quarter for is for area one more highlight, like prior management be the help to off healthcare fee-for-service from This in This we future. is the success priority to history in C-suite experience this and we customers.
bundled under portfolio of is space. becoming succeed the these individual During business and number is signed run had for the Medicaid and program, will has leader customers actively XXXX, discuss FusionX payments initiative, tie-in By This in customers, a and market FusionX FusionX services. IDNs due we groups, which of quickly the was program providers for in the care gaining the start a broader BPCI also to a our including Medicare points advanced centers with large practitioners by is physician engaged Advanced. of company, develops. help in the course as improvement which
As it up XXXX, see positive fourth in we relates to continue costs incur to to expect quarter FusionX contributions until we and start then. from the will
I’d to cadence discussing minutes few like of remarks, a my quarterly close earnings. the spend I XXXX anticipated Before our
provide know, quarterly we you of many don't As guidance.
worth calling acquisitions compounding and XXXX, several we However, a other that's quarterly foresee for due of pattern out. the factors, newness to our
in the annual of first quarter. healthcare particularly impacted are from deductibles, we renewal First, early plan year the the in negatively
in the flu onset with positively we're impacted Second, of late the the season. year
is for year FusionX I a impact mentioned, opportunity exciting expect an in through But as positive towards quarter. moving investment us. continued having Third, the we fourth the
we're provider half second the solutions of and the customers our accelerate contribution and manufacturer is to Finally, expected the in businesses onboarding year. and
business but our closing, the result, course first our and XXXX the and an the the both per the minimal, earnings I’m the our all the bulk look of manufacturer for both adjusted potential a overall attractive is lines, share we with in across believe Provider achieved of Solutions encouraged of will year be in momentum have solutions, occurring in quarter We the pipeline Europe we line the Halyard of I As to top In over second XXXX in new and of expect for that when most U.S This business. performance FusionX. half. opportunities addition positive portfolio. improvement for to earnings including Byram date and very good
we Ed to to the Q&A our we're Operator? like and with leadership with excited to reiterate Thanks turn strategy. would to call that move the forward over I the his And Finally, session. as to look have team. back joining the operator we I'll begin that, forward
