their to to our close thank everyone. Thanks, for year-end team work to accelerate while good global the a have strong many growth. Louis, to initiatives also right drive deliver to we continuing to up hard and XXXX, I'd underway profitable like morning,
organic the AMC, for data and food acquisition the X% prior tempered discrete weakness sales our Control, Starting markets. to in review with quarter, and and segment. let's Motion beverage down operating aerospace, pro Now the and markets, or Automation reflecting global by medical by year, automation fourth the performance Altra strength in were the center forma in
up cost prior AMC synergy as quarter year expectations along the points good Adjusted Notably, period up the and strength reflects of performance comparable data margin such line mixed a aerospace year basis price/cost, for basis. positive for center, X.X% with basis. management. the and versus forma sales The in and EBITDA segment the favorable our a is markets on pockets organic XX discretionary growth on forma full XXXX, in with pro in was margin pro medical, realization XX.X%,
recent organic AMC down improvement basis, under versus on the just a X% quarters. a in basis in pro Orders a daily on quarter were forma significant fourth
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factory as Second, reported short-cycle continue see when business. to anticipated our in quarter, discrete automation we we softness third
in see growing, still with prior X.XX, and order growth at book-to-bill down automation quarter, In the approximately expect orders XXXX, orders until in roughly short-cycle automation with which orders overall we January, consistent in cycle tracked short-cycle While later helped expectations. short stabilized to segment not our do are X%. rates, not
and by down forma in basis. food slightly aerospace a X.X% fourth were the year markets, and markets. reflects prior the organic the for to line expectation IPS our on was energy Industrial Pro strength pro versus year offset our up versus in energy mainly prior the with in Powertrain the in alternative and quarter Turning or in above expectations. in points the Adjusted partly weakness Solutions Growth forma IPS. XX EBITDA basis quarter margin and beverage quarter XX%, the sales
adjusted IPS's margins. improvement, We are sequential EBITDA pleased see very to a nice
synergy-related performance the volumes, Net Margin cost for from continued maintain management. along quality peak anticipated in of at tracked period basis. IPS footprint as just discretionary moves. X.XX In quarter, to a the reflects service of a tailwinds orders in levels with up organic our Pro and from X.X% book-to-bill customers during on fourth quarter over headwinds quarter and down were X%. synergies, and orders cost forma January, last mix lower weaker daily were in
weaker Solutions by weaker furnace PES. channel Power almost activity which the continued was warmer fourth Efficiency The America sales North and entirely and shortfall below our year, or we higher-than-estimated Turning market, prior down attribute quarter weather, in from in destocking in inventories demand. to residential XX% Organic were performance the expectations. channel underlying the demand to driven
headwind We quarter. first furnish a the remain expect to in
favorably While year. weather given quite January, furnace we in tracked were more have entering remain, elevated pressure think inventories will to this destock appeared channel
basis year PES versus margin in XX improved were the performance points net line our for was in Key PES prior with period operational lower EBITDA quarter to volumes. of the adjusted expectations. efficiencies the XX.X%, The contributors and margin up
to XX/XX lower-margin X deploy business move focus away resources from business. selectively to business and our attractive of continue also most the We the majority on Quad growing across
top we achieved a teens As line execution margins relatively sizable headwinds. very level are which our at reflect on of PES stable disciplined high team, pleased with the healthy XXXX, we despite
of on daily Book-to-bill a for orders and just quarter were PES at XX% just tracked Shifting down January up under to the over orders. Orders were fourth X.X basis. X%. in
this see until our see sustainable. the it orders, encouraging early, still inflection we are in therefore, PES it we will conservative While is and in that improved expectations remain to rates is
EBITDA, versus this slide, page, following adjusted updates for was the we billion, at ratio coverage financial we synergies, ended total and some in million above of to net debt pro million Net of approximately including quarter X.X.
Adjusted right end on down the additional cash interest and third in nicely the $XXX.X of down Notably, debt reference. see the free $X.XX On very $XXX strong, the with quarter debt side your million of our flow highlight forma is quarter. expectations. billion coming $XXX now X.X, our you'll $X.X and is the
adjusted For flow level. year the prior of the cash year, we $XXX.X double free generated nearly million,
Throughout has great free a significant paying the down allowed year, job the make that continue driving do by progress performance, our teams in cash to flow performance lowering to debt. inventories, particular, us strong
Since market markets incremental current outlook. remain we fairly our conservatism biased growth to our short a with end Moving destock business, initial towards so reflecting we volatile, and are rate and cycle XXXX dynamics and assumptions XXXX set initiatives. outlook
midpoint range an revenue a of XXX introducing value adjusted guidance $XX.XX. can year slightly to for per adjusted you Underpinning is up to XXXX is which a is be the of down $XX.XX, XX%. share this to As we margin approximately prior implies approximately $X.XX in $X.XX that see prior earnings points and slide, versus on guidance just over to midpoint billion, to EBITDA assumption the year are basis
track and that we for that in year on the which industrial motors selling a late Note close year year. of factors first this guidance we generators of are a announced transaction this the last businesses, full half performance still to
ends primary low our side that slide noted top the key also the outlines line the end The table adjusted our right-hand performance high of this and for and guidance between as as growth Note earnings the the assumptions guidance range range. of high sales points, is on this which of is well low at the assumption EPS on difference these slide.
also at selling should free proceeds businesses to in rate cash XXXX combination of pay we which The of at from million we XXXX, down industrial the to also EBITDA approximately expect to XXXX. debt would turn, our least the year cash flow. lower adjusted variable ratio net XXXX, from cash this net the of anticipated expect plus X.X For generate to at most generate our of in debt of end the $XXX flow end
includes the line year Once help the industrial model full modeling for and Finally, again, at businesses. generators investors the factor the all of bottom the motors items. performance of assumptions below to items table, a
on year-over-year for full that the we pro On specific provide performance adjusted by this revenue margin. a slide, on first and and more year expectations forma is EBITDA our metrics for Note segment, basis. indicated these quarter performance
we up the AMC, decline low to anticipate For a sales mid-single-digit modestly. in first quarter, margins with
year, food the markets data We margins factory growth our and the within modest strength discrete mainly of half, improve. see incremental expect in and in net continued to and medical in are in center, we expected in Overall, automation second for strength the automation sales and headwinds as beverage. implying AMC, results aerospace
we flat sales and IPS, the For low- expect mid-single-digit roughly also first quarter to margins. a decline in
be and points. anticipated to line up Broadly industrial sluggish general net investments tailwinds synergies, mix For margins to markets, margin drive for and to food and EBITDA select the growth beverage XXX low should year, while expected are roughly and especially top digits we end expect weigh from on single gains. be sales pressure adjusted nice performance, down of basis
expected PES, we low to underlying mix. HVAC For markets. to a due prior recent destocking mostly level largely furnace the top roughly segment the XXX Margins which tied and are versus a slightly to up in is teens the below end anticipate first points to decline performance, line in to basis weak mid-teens, quarter, low year double-digit be
roughly sales For points. up are basis and XX margins assume the flat year, we are
slightly digits the back decline and with on down, underlying America, assume the half in absence the up We North weak demand, quarter market business the first Resi headwinds. declines commercial and a quarter mid-single slightly on in portion with the destock assume HVAC up low Within up but end HVAC furnace the of of destocking year, single-digit growth is business in second Europe. PES, we for
Industrial, year first decline versus stable we line the in for period. prior top quarter, low margins but a double-digit Lastly, comparable expect
we to For will line end top global up improve operational the headwinds markets. expect margins to year. we despite and weak ongoing low slightly cost help However, improvements be the line assume top We declines, to destocking industrial tied actions expect mid-single-digit year, and in margins,
our permanent by Before we operator XXXX to while in enhancing cost closing improvements the significant portfolio turning synergies, that to headwinds, significantly questions, acknowledge the our structure to XX/XX I executing lean from the announcing challenged acquisition and like our the transformation with a by call structural of for over business, think often sale teams job actions ranging significant managing and our and industrial destocking achieved Altra to executing I'd many us great the did market business.
our front to lower differentiated Controllable often organic and opportunities pipeline to tied products. environmentally excited look upside meaningfully friendly we of the growth to to in opportunities As our teams many of leverage more ahead significant XXXX, margin new and a healthy are of drive us. which remain advance about our initiatives, to
to are And operator, with that, ready we questions. take
