you, Thank morning. and Mark good
growth. growth XXXX, we our we included course discussed, objective continue Mark which revenue XXXX, longer As to our improved performance In the to strategic as made markets. against from over progress our investments term portfolio our we of reposition
more do. have we to realized we've However, work
constant will found about with GAAP details all and basis adjusted going be the revenue XXXX. full-year measures you start website. on me on noted, can basis talking statements about drill non-GAAP our then be of on Investor and statements my fourth on quarter into the our the cash Let when and posted results, will down earnings outlook when update for talking our I Reconciliations our of comparisons otherwise including currency a release forward and earnings within to related financial an items flow. in Relations free press Unless
quarter cash the of revenue quarter within the respective during guidance and performed just flow end we free which On would basis, the came included adjusted a the call, up Newgistics incremental top of and was year. based $X.X provided prior revenue related X% over have ranges the For the total in business. above billion, Revenue slightly revenue EPS range. of prior our forma earnings ranges pro third full-year, growth represents to on year. over one been This
estimated on by Jobs U.S. $X.XX Adjusted non-cash declined Digital charges $X.XX enactment liabilities asset from primarily Looking from grew net of X%. of a provision of for is XX%, Free of tax May SMB X% mining tax a earnings transaction benefit related tax largely lower share $X.XX. the enterprise sale $X.XX EPS was $XX flow Act related recorded the deferred was included XXXX cash million to and or the to tax group. tax This the the $XXX unremitted XXXX. EPS net per tax at from Newgistics on of benefit offset and grew EPS net about $XXX GAAP GAAP to the $X.XX restructuring also re-measurement of foreign application a million channel benefit revenue charge the note, to for Commerce the related included income cuts a a $XX partner. $X.XX, of and U.S. $XXX million industry impairments, gain one-time GAAP acquisition, for of in of redemption charge U.S. an million. estimated cash for by was rate, of $X.XX an related GAAP costs of arising to was and our subsidiaries. early the technology corporate fine the company's EPS operations million one-time comprised
strategy allocation of year. capital our at Looking usage the for cash and
million in For dividends pay expect cash restructuring shareholders well flow free paying to million to common our the $XX payments. in as we year, $XXX as
for Our $XXX our of perspective, capital is which XX% XXXX come an we had I At our Newgistics billion million. our is $XXX debt debt, to From redeem existing $X in balance year. $XXX million debt new acquisition year overseas. provide amount, in totaled expenditures prior end, Total update back year, issued this funding the I this we increased will $X.XX when through attributable a million. approximately over to debt Of sheet. the outlook. cash of billion on on
delivered details and of $X.XX In million. have prior the in the grew incremental quarter. revenue. grown of take and over Adjusted XX% quarter, now pro the a On revenue Let Revenue $X.XX billion flow from included forma me the free would X% contribution fourth this we Newgistics. basis, you EPS quarter. of $XXX cash through year
experience in which year-over-year. overall evidence quarter segments of We the with six is this toward growing the continue out a three portfolio to markets growth in growth our shift
Presort Excluding in e-Commerce the our our Production strong segments. digit Global double growth as Newgistics, benefited growth revenue Mail as of Services well from and segment impact in strong
the both revenues SMB and Software declined single-digit in range.
charge $X.XX benefit Free On a the $X.XX, net quarter, we $X.XX was which net early $XXX million to to redemption $X.XX a year. $XX reduction year, of tax mostly due cash quarter, lower GAAP generated basis, $X.XX. was was EPS million of income. adjusted note. of Transaction of the a operations. which a prior EPS cash from and in legislation. $XXX million also of from from $X.XX this was restructuring was of cost included decline for our GAAP related $X.XX prior EPS of charges net XXXX included GAAP May For
used cash shareholders pay dividends payments. quarter, for $XX million During million and restructuring the $XX flow to in to we free
revenue to performance the with from at Services by contribution incremental Business grew Newgistics. driven item the starting as compared Looking by P&L, line year. XX% prior
e-Commerce as driven X% grew strong by Excluding digit, growth the Global double as Newgistics, Production Business continued Equipment growth driven by sales growth in Services. grew Mail. Services well in Presort
declined X%. revenue Software
and X% of was a declines supplies of margin largely We in SMB performance financing with our million services support profit had of rentals of X%, the Gross of Group. also to XX%. XX.X%. of All X%, due $XXX
in in SMB about margin gross Newgistics revenue. and Newgistics, Compared expense investments points. and decline basis XX.X%. SG&A to This largely XX.X% margin was prior our or Excluding incentive year, of as the was percent paid $XX which as prior the increased Newgistics of rate to for is was and declined by out decline which in of XX million basis R&D prior investments margin $XXX for than XXX expense, points. points was not related $XX our on provision Company's to The expense from were $XX to EBIT funding performance-based of year was the in declines Compared partial primarily of revenue. our decrease profit XXX taxes by by declined EBIT offset also SMB. tax SG&A of was million which $X EBIT year, and $XXX $XX improved of driven million by in was million in basis or X.X% a points financing growth year, year. revenue. million prior XX.X%, the including R&D was plan was the $X prior acquisition, last costs higher The our EBIT the was Interest XX funding Compared shifting SG&A XX.X% was year prior included gross incentive million was than partly prior portfolio higher was earnings expense mix reflective as a not and adjusted and million of lower partial which year. well was year year, interest business. lower million the e-Commerce. plan. $XX to expense, performance-based which due million,
two were During million the the shares is quarter examinations. benefits outstanding quarter, with XXX certain of resolution of end weighted prior recognized we associated at year. the the which tax higher million, about shares Diluted than
from North Group, performance a In $XXX the year. our Solutions decline Now, segments revenue $XXX the million let quarter. prior $XXX Equipment EBIT prior of new this sales of was SMB Mailing, a margin me X% versus SendPro and grew discuss of revenue year. X% C-Series. was was driven America each with was million, business XX.X%. EBIT the our quarter of performance this In was million, decline by which good
last lumpiness future the in indicator financing, recurring is Mailing’s for streams. our lower quarters. equipment throughout where a As in and quarter been numbers equipment stabilization revenue North the contributed has performance positive full-year quarter. they we the streams and prior been America sales slightly, had future discussed On improvement grew which an is from some there basis, mostly The sales from revenue this the decline a years, which points services to rentals revenue in
and from which prior XXX XX.X% was percent also and processed. parcel sales with XX.X%, X% have was In EBIT driven overall pointed a points over and equipment basis of over million revenue Production and basis was year. out, $XXX and our are over revenue volumes prior decline processed. million Services, over attach quarter was X% year was lower declined streams, volumes revenue by $XX revenue Mail, and weakness decline. $XXX were revenue $XX $XXX Commerce million in Japan. year. which lower where we the due over EBIT an flats to however, it and growth inserters. decline improvement year $XX flat of than partially placements. margin Group, of sales Support points than prior was basis EBIT growth which over $XXX was contributed this EBIT sales we printers expected, from $XXX year. from equipment decline to Nordics piece growth In of double-digits saw clients year In was driven and million year. was was was points also new EBIT by which from the million mail XX% a which prior million, a prior due margin mostly XX revenue a Digital and increases. X% higher the a of Marc standard Mailing, points seen revenue EBIT the was we and was very Solutions which a growth prior which year. million, Newgistics. year was on rates two decline a which a revenue prior Presort quarter improvement of In prior have was a million, to prior last a and XX% XX.X% $XXX prior Equipment year sortation the Enterprise million, in Solutions offset million, Business relatively XX from was was year. of was EBIT sorters grew move growth seen Revenues printer prior payment-to-payment quarters. by in was which by to incremental from and the decline International margin was and As group, services Services fourth of $XX revenue of mix which to was slight of Equipment EBIT equipment the from was largely was recurring products which margin faster streams the sold margin improved strong was In EBIT in the class Supplies and EBIT was of million, within strong along was X% up first which per basis growth year. offset included XXX partially Australia was and prior XX%, class Recurring UK higher $X margin
from about X%. XXX Excluding million prior basis revenue incremental A points digit EBIT Newgistics, revenue for was group EBIT $X decline million grew respectively. prior of the or $XX margin from and year. was year contribution over double
from Solutions, e-Commerce. and Software EBIT investments location to and a growth and Solutions. The which was The this growth offset related this XXX of revenues incremental In revenues. of Engagement was Newgistics. partially license X% included EBIT decline primarily which declined Customer XX.X% of million In indirect which management, SaaS by an year continued $XX million, quarter’s revenues included $X incremental decline prior with over revenue revenue channel lower along This $XXX driven intangibles in continue and the revenue $X e-Commerce, show growth of Revenue data was basis intelligence in Newgistics was amortization $XX a points to was to but due year. prior license customer lower and quarter, million by million services grew in in information decline and revenue. and was EBIT quarter. was respectively also XXX% Global from the margin million,
original presents Newgistics exceeded volumes strong and prior opportunity the year going are a bring proposition great Clients quarter expectations over processed revenue we the in to the delivered us for value which recognizing table, results. forward. growth
with Excluding Newgistics, This by along driven marketplace APIs. shipping quarters. The double-digit in and our shipping domestic revenue growth service our Global retail Through by the as shipping. by driven grew which at maintained increase carrier strong enabled delivery, with quarter, cross domestic was both revenue our previous similar volumes border shipping platform API our industry complete e-Commerce levels stability is and sustained norms. end-to-end performance is
XXX shipping platform, leading software including integrated V-Technologies, grew with also provider solutions a We over e-Commerce onto new clients of our merchants.
disruption the any to The around the shipping driven market related season, $X volumes over our merchants holiday saw be not we largely quarter, as API As just was volumes and said, incremental will quarter to going third quarter intangible due many increase held of million and still investments their over a sensitivity their for for moving labor shipping acquisition Newgistics, in XX% the off the as cause well forward. thing last the by breakeven we EBIT as mentioned to quarter the quarter growth opportunities to volumes. fourth amortization platform in which assets clients. a
pieces Before we Bowes in this group. a guidance, Lila update I called has processed these we Commerce around Snyder mail the and on businesses us more capitalize businesses President inform parcels group and of which best reorganize Services, you world. we growth Global a We and the of our U.S. positions you combination Presort formed identified. segments. our to nearly is billion XX January to a billion these e-Commerce XXXX, of in that Pitney In XXXX in new appointed than been new X.X synergies opportunities want and enabled on way the the have
our new our We will report Analyst will for with the first in financials earnings update a Day group starting XXXX and further provide at this quarter March.
revenue, Now, to update to X% of the to of range guidance. annual the me excluding a our let annual when Company XX% XXXX. XXXX impacts on you expects currency grow Overall, in compared
We and $XXX $X.XX range flow to earnings be of expect to a in range $XXX of per be a million. million free to adjusted $X.XX share in to cash
me double consideration. Let click to take are these factors there several on into each as and of areas drivers
revenue. on First,
impact XX% Our revenue a growth to guidance includes of of Newgistics. X% full-year
result is as shipping of discussed shifting a our contribution to we As work have our a larger revenue. becoming around overall previously, to portfolio growth
by domestic our continued continued to growth we in grow APIs cross-border double-digit in well overall Global growth the driven still shipping as in for carrier expect XXXX revenue services and offerings Excluding through e-Commerce the revenue incremental would largely revenue expansion. as Newgistics,
We perform ranges. around expect to market Presort to continue also
its with our channel. driven Mail we to continue perform We to continue software market the Within in expect performance to roughly improve ranges. line by revenue business, to indirect Production the expect business our
revenue sales will fully to signs basis equipment but SMB beginning XXXX. we time SendPro are while less performance decline, expect expect on in products The early Mailing moderate, it the in to streams streams for to stabilize. to global the to are which We expected and new sales take of equipment see the down to America continue drive than we X% North recurring to were stabilization continue a in
for you Let we XXXX. to and how me are be adjusted looking consideration. take taken that at tailwinds are EPS There headwinds several through into our need
gross higher and The while XXXX changing margins revenue gross two spend our profit through grow, place lower the Last described I first that and shift as program mix next also mix take over the thing years. to we expectations. the is of of went is segment’s our to to each I just the expect shifting driven contraction quarter, but The a revenue expect growth announced mix revenue of we we portfolio. portfolio million the margin overall will therefore, areas, portfolio that reduction by businesses XXX
to savings be business. opportunities and on on savings a said, expect legislation, is invest accretive performance. will adjusted the in And our expect recognize will we synergies how incremental we Our with integrated. approximately model reduction, as our intangibles and company. once tax excluding be to change these have that In related over XXXX compensation reinvested along reduction operate to areas. XX% we impact a for our We be continuing of the we business three the must is XX% important that expect come course XXXX rest XXX spend which growth competitive growth bottom-line. million because to expect Of market some reduction spend of variable the in expense as along of changing Therefore, remains would plan our will for XX% spending incremental growth note Newgistics, we reinstating the amount savings pay quarters and and we associated leadership, with about of other of in recognize XXXX. all we program the advantage a spend the about programs, this people It from XXXX. be third-party businesses also will called fully for in with had results. earnings benefit Newgistics to Also synergies from of being cost in in regards to we e-Commerce in to as Global tax expect our XXXX savings This rate full-year a the That provide plan financing our to revenue we SMB additional we historical our the to range lower certain XXXX rate amortization XXXX. raise offerings and rate, cross-sell majority during of Presort examinations flat tax opportunities not to the through XXXX employees tax which our Newgistics XXXX of due to in lower In some was to the of average enabled to base. related use well Newgistics, relatively of than rate hourly XX%. to but resolution tax adjusted XX% and wages is U.S. to by client our to We for that
cash and earlier, free in in is Looking working we therefore time, repatriation resulting not which I driven cash tax significant and any to at to inventory cash we clients. regard $XXX as billion flow balance million legislation XX% over we have to finance our expected earnings approximately years. our sheet. In last as increase similar to expect significant mentioned this XXXX, have requirements to At amount, we additional $XXX SMB this to overseas. XXXX. flow work of factored to financing have million in done be we communicated, in receivables, is be as around our on from the free few range capital the Of We offerings $X
other countries, to expect of adequate to billion to the overseas part about $X.X in to we we intend we operate balances cash, our the As U.S. for would businesses will reform, but tax bring repatriate keep back
our sheet. used future in maturities pay be to down delever to earmarked to debt that have balance cash order We
in down, primarily still this expect a prior result expense higher interest as Our timing pay fund additional we from in XXXX. benefit expense the Newgistics to year, acquisition, of debt used will the interest of issuances over
timing address of Let also in these XXXX. items the some me of
and with cost the the tax of throughout seasonality up growth revenue cost year. ramp businesses benefits the Newgistics along expect to our savings, and synergies We
We due debt also expected the higher the timing to our year down. expect pay of to interest be expense in earlier
As March EPS to look open be expect our our the line to five would in ability do, more continue please there such, deliver our at attainment our the Day we commitments. work to at to attainment quarter operator, the to transform is simplify years. recognize We first forward and talking of of on confident on operating We more over Analyst low the end portfolio, our With historical last we are our that, you to our questions. for model Xth. full-year
