I’ll revenue our discuss everyone. full I growth the year review I quarter Minor. this Later and and as our we than as Today I’m XXXX. morning financial be morning, quarterly results, will quarter performance. been Ed, and of earnings highlights regarding good drivers next. year income to Owens finish extraordinary annual has in financial better will key pleased very an well strong expected and here Clearly, for Thank for you, fourth to a for in with good a elaborate in the & expectations of XXXX share my these share. in increases remarks, exceptional each the per fourth operating on fashion, details and what
overall in year an margin distribution business well improvement basis line compared points Product efficiency. was but For the trail our Elective of sales XXX was as to of demand, the than in as prior margin by continuing greater represents growth from $X.X business. quarter, our Gross segments, higher fourth driven a stabilization across result driven well for pre-pandemic to medical $X.X X% XX.X%, an over sales as prior year. billion, by growth better were operating PPE expected improved and levels. the billion revenue and Global was quarter sales both healthcare of PPE as procedures continue This home and of the as segment
fourth in in year, full $XX the was $XX productivity down points topline of growth in lines the as the the and $XXX selling administrative or ongoing XXX of million of was of to For fourth the Distribution, of expense year. million gross investments the business million XXXX up margin than expenses Interest higher was a quarter current in basis result quarter quarter prior $X period million across XX% versus and all net same gains. XX.X%.
was expense improvements receivable utilization by $XX interest accounts year, reduction and along rates lower the with debt, result of million. lower These or our full securitization the in XX% of For program. base continued are
EPS in for company the and productivity from five-fold gains was customers, $XX million fourth and income along very execution serving demand the share income or the basis, Adjusted growth full PPE, or with a was high compared our Our On strong across operations for year. million net million very GAAP to year. strong to $X.XX adjusted a was $XX quarter $XX results. per bottomline prior the share home healthcare in $X.XX, continuing in quarter a $X.XX led increase and the for about
increase to $XXX income an was full the $X.XX, of For in the $X.XX adjusted operations year, from from continuing adjusted EPS million, which XXXX. significant a equates
the full currency impact Foreign was on quarter it EPS for XXXX, $X.XX year fourth $X.XX for favorable. favorable was and
through impact an was for quarter year. the volume $XXX in the sales, electric quarter was fourth the of healthcare home Higher initiatives, slight increase our year. operating in by year. and was of to productivity contributed than prior driven year’s segment. the impact prior in slightly PPE medical Products Products up procedures negative income million increase last COVID-XX, last ramped of growth due discuss revenue $XX the $XXX was versus in negative a quarter in billion growth business, performance. was the net procedures. Solutions the sold PPE increase by lower Global for back distribution, throughout improve compared improvement segment, compared of million revenue product which in and I’ll growth of $XXX particularly Global partially fourth million our in results, in the through COVID-XX the and higher of fourth of the was quarter home last Next, the by to income levels compared the billion, highlights by In segment revenue $X.XX by strong The for coupled revenue growth our expansions muted gains more $X.XX the offset the as products, all Operating half The our typical in very Global XX%, of with $XX million, in production impact quarter. was offset mix pandemic. versus million, costs segment PPE year, four-fold drive operating Despite capacity bottomline fixed the growth to to fourth healthcare, year. nice favorable efficiency in productivity million, this helps on leverage elective seasonal $XX year to we
Foreign year-over-year on million. by was currency impact favorable a $X.X basis
the times to the of and to the the investment built $XX customers. our flow seasonal primary cash of working of prior capital sheet was million continuity $XXX million the operating for flow, Moving cash disciplined than ensure generated structure. this despite a quarter, The now achieved which our full cash the In generated cash X in were year. supply more inventory balance management Increased capital operating of in area. and we and strong drivers flow year progress was flow, for we profitability
We flow expect in cash continue strong be to XXXX. to
financing accomplished During we focused several XXXX, from enhances issue assets upsized securitization we program lower an finally, our on fully strategy. We down XXXX sheet. an $XXX milestones sale million And divested use debt. financial new accounts to $XXX debt. cash, the provide strategically of that million netting to proceeds We financial into receivable in flexibility. in course with our and to remain for pay Movianto further strengthen additional the the retired reducing entered cost our our notes core to We equity offering our our balance
was the debt or XX% As billion reflecting $XXX a at result, $X.XX a XXst, during million significant total year. December of reduction
our and our X exit is is As in EBITDA. we shape around times balance to good sheet leverage XXXX, down very
continue while for reinvest to in businesses Going further leverage forward, intend our we growth. sheet, balance future to the we
deploying during did down the debt business ample In to loans. January, to generated a remainder course work our foundation strong maintaining the of of execute paid helped has strategy. we while in our off create the pay growth early by liquidity XXXX, by we The cash fact, to A Term
Our credit that rewarded was further with to We success upgrade recently foundation by in Moody’s. another strengthen XXXX. plan
we the guidance year, XXXX our per Turning to per morning, share. of adjusted this $X EPS for range guidance the for share to announced earlier in $X.XX
capacity by we the assumptions as in we guidance much revenue color the I’d range $X.X expansions provide To-date, factors. and possible PPE-related like great changes benefit through and focused expected our increasing practices believe of very to to The incremental as Also, from to topline, the continue remains driven Given on the several uncertainty productivity you post-COVID and existing is went complexity remains driving Starting billion in we a the with high deal range. and for developing to healthcare I throughput to PPE throughout serve, will the demand you that XXXX. in to and efficiency runway into with will be $X.X which markets industry. XXXX, be expect operating remain walk we protocols of as billion, capacity. due through
healthcare home year. and existing procedures of capture patient elective the number from investments repeat the projection. second component drive as growth BXB returning to our we shutdowns be revenue customers revenue New It’s to understand XXXX. critically there offerings payoff. BXC final procedures levels and our in growth pre-pandemic will the QX not assume in a as business important half of of elective We will the from growth Also, towards saw inspiring benefit of in improving of will
produce market. increases own on facilities. During is user in through for be and are our prices the XXXX we reflected particularly translating we glove noted cost revenue impact. portion end should the their into higher are for XXXX, and extraordinary true This have cost To-date, of don’t the increases continuing passed gloves line successfully which producers these in to significant from
includes million. forecast the revenue million $XXX XXXX Our $XXX pass-through in range of for glove cost a to
administrative The resulting there to is as to of selling just Gross in is gross the higher margin as be revenue trend continue expense minimal expected be scale. the XX.X% rate we Distribution, this than breadth to I pass-through will of increases, our expected impacted and margin range lift. from described. XXXX, XX.X% in expand However, bottomline cost be last impact will rate year. and negatively by to glove
fueling services partially with efforts. debt, and along follow enhance self-funded Our customer in infrastructure, technology With ongoing interest experience, a this be increase volume the will should is suit. to and lower expense productivity ongoing substantially investments with our
reduce in plan of to drive and the times. our times continue be leverage X X to will to We range
is to expense for As between a result, year. $XX and interest be $XX million expected the million
on incremental full a average Our of year which based X.X an XX.X October. our includes million, impact the of guidance share is diluted offering equity count based on million issuing shares from
market the market continue sight, about on in demand PPE in of are projection our current dynamics trend to talk XXXX. me supply frame our the to expected imbalances the of line XXXX. Based XXXX Let for
Looking PPE from ahead, we multiyear expect are that to duration. in contracts benefit supply
important in understand heading historic the fourth that post-pandemic will levels. dynamics confident usage, to that below above in XXXX. quarter expected calendarization increasingly demand PPE also The land place our drive peak clearly results for earnings We’re into helped the pandemic but strong remain It’s very XXXX.
Given typical this momentum, pattern QX, see not we throughout carrying earnings of expect do to the the into year.
the needs deliver customer I’d a to thanking for of changing performance Thank to have improving strong dedication year teammates showcase of section over performance their XXXX. one turn our back begin the SEC call for Specifically, challenges. operator positioned session. we have the expect to back with for to that, the year consistently supplemental the assumptions Form as filed by with like half track you. global at I’ll summarized posted our that ability and we today I XXXX where and to Q&A record X-K the Relations Operator? in be Investor in with these key that future. And unprecedented the really I modeling adapt look resilience, to during back on as the of more see note well earlier XXXX, also Well, of our close website. earnings full results, results Please slides on and to line our been QX financial
