be numbers will in reconciliation Curt? our to today included numbers given The growth sales currency. referenced All release. GAAP I in is constant press
on guidance. usual, that have the results quarter of included an summarizes investor and the website As our we deck our updated
quarter the total X.X%. sales fourth XXXX, decreased our For of
of Our implementation neighborhood million. of revenue warehouse from $XX best in estimate the software impact is our the
million, of due three complete impact physical a year year-end, for warehouse days disruption Our the shutting this the to customer the included perform to was of $XX end which backlog down inventory. last the at approximately
specific use we has We in they energized during the supplier that of were back industry to exist even today more the customers. loss well majority resolved, choose History and products aware to for business delivery to be still original our excellent that partners problems substitute are wins our disruption. prior shown to our temporary vast disruptions customers when reasons and of a the know reason. Those supply our the are CONMED
million Revenue quarter. the in from the $XX.X recent was acquisitions
shipped they As that Curt off exceeded XXXX. disruption starts from not unaffected InXBones both warehouse are expectations Biorez are in were said, These strong the and our to and location. products by as
similar are those sales decreased decreased and QX, the the year sales sold. the the disruption our initially U.S. X.X% majority For estimate our Because that quarter, Biorez our international from geographies OUS. in the U.S. our centers. from and that, We U.S. The is U.S. remediation while The efforts customers. held and U.S. regional was benefited percentage distribution decreased in XX.X%. our the of international prior in focused sales in on of of X.X% warehouse U.S. impacted inventory the immediately versus intensely impact InXBones first where was
international the the was quarter. the depleted the channel the and later there end issue in duration impacted As was customer of extended,
above shipping We've made good improvement or at normal volumes. in and we are daily globally shipping
approximately our affected is this As of week, $XX the million. end backlog customer from warehouse
we're future where want be yet our we and replenish growth. progress, not to making channels capacity we're for to work distribution to still we shipping expected increase So our and have but do
We improve we turned will until into and focus continue weakness strength. a have this to
Orthopedic Worldwide the fairly decreased seeing general sales general general the Total little and from decreased U.S. disruption quarter. that the the surgery Orthopedics more revenue fourth XX.X%, declined with across Obviously, internationally surgery internationally revenue impact revenue in of U.S. on grew impact most was is X%. a warehouse while general quarter. decreased decreased sales U.S. orthopedic the acquisitions. estimate surgery XX.X%. felt XX.X% the sales balanced revenue the X.X% XX% from In worldwide the We side. in the portfolio the surgery benefit
was sales X.X%. million $XX.X total our Revenue XXXX, acquisitions of the recent full-year increased from in XXXX. the For
U.S. for versus Orthopedic in international increased prior increased while Orthopedics revenue full-year, X.X% In revenue general sales For and the the sales sales X.X% U.S. year our X.X%. Orthopedics internationally full-year of general surgery the general internationally X.X%. increased U.S. sales XXXX. our Worldwide XXXX. and increased the full-year worldwide grew revenue increased grew X.X%, X.X%. increased revenue Total surgery for the X.X% X.X% surgery the
the statement. expense the move let's of Now to income side
debt profitability tax. items, discuss implementation the which debt legal of and deferred quarter net fourth year intangible charges software the restructuring assets in amortization amortization expenses include acquisitions of special and and refinancing and and matters, costs, contingent and financing will extinguishment fees of discount and We for costs, consideration, excluding
from is period for the expected certain of we're due basis XX.X%, prior the Adjusted was with was expenses dealing lower margin and significant deflation year in to gross fourth of revenue due quarter. than recognized to cost a quarter XXXX. gross XXX decrease majority QX. The the decline the in miss margin The points all the we
of that freight spring -year, points margin cost full XX.X%, gross the from the in the was had material basis us increases adjusted points basis XXXX. in decrease cost XX since gross a XXXX For and you back told XXX baseline. margin, approximately We
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by Adjusted our the component labor costs the in the XXXX points XXX approximately metric, estimate in basis in gross decreased margin add that we margin have years. three inflationary we XX.X%. When were to total gross last
So and the means improving three that over essentially over of that the our offset past impact savings have time cost that years period. mix inflation
than quarter sales, the year Research fourth prior expense was for of points basis development X.X% the and XX higher quarter.
XXXX, points was R&D full-year of expense the XXXX. basis than For higher X.X% XX sales,
XXX because of were in expenses QX miss XX.X% increase an the sales Fourth year adjusted basis over quarter the of of XXXX. SG&A quarter, prior sales points
for in basis, adjusted so the points an $X.X quarter higher was than the $XX.X XX interest million XXXX. XX.X%, basis the full-year. SG&A adjusted For expenses were million On and fourth full-year, expense
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-year, rate full our the adjusted XX.X%. was tax For effective
net to $XX.X share million this GAAP of quarter, XXXX. net $X.XX quarter a ago. year $X.XX to per this million, GAAP earnings Fourth was compared in income were $XX.X compares QX income diluted GAAP
net $X.XX $X.XX $XX.X GAAP XXXX. loss million GAAP share net per income XXXX, $XX.X to diluted in GAAP million, in net For income of compared loss the net was GAAP full-year, of in compared XXXX. was to
of the items fourth adjusted net quarter Excluding million, income XX.X%, quarter, XXXX. in impact reported special $XX.X of decrease the to we of discussed fourth a the earlier compared of
share decrease diluted were compared net $X.XX, the of quarter. XX.X%, prior a to Our per year QX adjusted earnings
XXXX, adjusted for reported items of Excluding the the impact million, special income decrease a to we of net discussed XXXX. XX.X%, of $XX.X earlier compared full-year
diluted share adjusted the per were prior earnings XX.X%, decrease net compared full-year year. a Our $X.XX, to of
sheet. balance the to Turning
XX the compared as XX XX Our by this compared XXX at the XX. to was cash Accounts December to million were at QX. Inventory of compared meaningfully days, was XXX $XX.X to year at end as quarter. of days year-end days shortfall the of September September receivable at sales impacted of XX. the in were $XX.X Obviously, balance end million, the
to metric as we significantly XXXX. reduce this progress expect We through
XX. XXXX the convertible the of Long-term was notes of of debt versus September short-term $XXX.X We $XX.X as reclassified end $X.XX million to remaining year the million at liabilities. the
XX. The the September XXXX is QX Our last debt on XX, XXXX. EBITDA metric in of XX was months to due in compared ratio to X.X of increase This the on December times, leverage EBITDA. by X.X times is divided dip
QX calculation lower the will XXXX. of this until QX So in be
for the We expect million. full-year XXXX adjusted neighborhood in EBITDA of the $XXX
X end of year the We below below expect XXXX. to QX of XXXX, our the low-Xs and times of leverage X.XX by and end be drop by the this times in in
Cash XXXX. cash XXXX. Cash used compared the operations million, The XXXX in flow $XXX.X this was built significant from the driver of from XXXX. operations was the was for difference in of inventory fourth levels of million to million, $XX.X operations to in full-year for compared the in quarter $XX.X of flow provided biggest million quarter $XX.X
operating $XXX XXXX. expect in flow We cash around million
a million, $X.X year were quarter compared to fourth the ago. million $X.X in expenditures Capital
For the million, in were to XXXX. full-year, compared million expenditures $XX.X capital $XX.X
turn to financial guidance. let's Now
the revenue points. reported basis can found XXX $X.XXX the with be of billion. billion on We've headwinds investor included includes components this between $X.XXX which our full-year call, deck of be financial XXX website. different of and the to expect guidance currency the in for our detail to We This associated
closed of we As we Biorez August. on in in on a June closed reminder, InXBones XXXX and
essentially, second organic in the become both of So half the year.
from the what half the is acquisitions So the the see you in in basically of year. reconciliation first revenue the
is the the continue strong and drive of in portfolio meaningful gross improving will benefits future. mix to margins, the adjusted For
acquisitions, the XXX drive of including between basis XXX XXXX, and benefit. should For mix, we think points
to the specific side. margin discussed a digest the points XX However, on costs of headwind down. all margin temporarily inventory we and of be inflationary improvement basis challenges product is our in in points gross results lines will XX basis in moving to our production some to and meaningful we between and earlier has XX balance XX slowing XXXX This total XXXX. slower bring FX continue
at have XXXX, path look XXX gross to the improvement we We at least end around around expect points and on a As we in basis basis believe in of we're beyond adjusted point XX% margins XXXX XXXX. XXX XXXX.
sales. adjusted XX.X% be percentage and of expense XX.X% the percentage sales, of R&D to XXXX as between in a SG&A a we mid-Xs in to As expect be and
We between million in be expect adjusted $XX.X and interest XXXX. $XX.X expense to million
to XXXX. We in expect around rate XX% be the adjusted effective tax
We between expect FX $X.XX. That adjusted $X.XX EPS in headwind XXXX between an includes $X.XX $X.XX. to and and be
$XXX at rates. about we As the each throughout between the the look $XXX headwind of decreasing million basis XX December We based XXX quarter quarter, year. see first points includes revenue and expect million. on headwind reported That this FX we
in We the expect between QX half QX bottom the and headwind. and in inclusive first full-year FX headwind adjusted fairly all of EPS be QX. split year of $X.XX the to between evenly FX is on $X.XX almost The
fewer have our including about exciting falls, selling have acquisitions. QX The portfolio will one will recent potential We calendar feel from XXXX two good and very XXXX. will than day one have revenue less the our way have we growth built, the extra profitability day QX days. and overall
a we're of moving have recover will and to from experiences on and we be these stronger that. wound focused we on focus. and back We need offense self-inflicted company a because quickly, better We're
with back Justin over to call And to turn questions. the your like we'd that, for
