you, Thank Cindy.
results, revised line XXXX Slide we Before on as I'm across metrics, all I pleased ended illustrated our XX. to our guidance in fourth quarter year financial review with full share that
has is goals. an guidance Cindy accountability focused we driving progress the are achieving indication past, with are on in the financial towards aligning As that making and mentioned across our we performance and organization setting
XXXX. to $XX.X Now $XXX.X fourth million, and to $XX.X fourth due exchange rates, macroeconomic which million revenues to was reduced foreign and pricing million respectively. by revenues $X of were decline $XXX.X the The in by quarter compared divestitures, revenues SOP reduced million of which quarter million factors and results. the Total
to continued Regulated in by Related and Secure Manufacturing Services declines Communication trends, revenues show were growth Industrial Compliance Destruction Waste offset which in Services. and favorable Information and and and Organic
As Services noted were compared quarter Regulated $XXX.X to $XXX.X on XXXX. fourth Slide million in revenues of the Compliance and X, Waste million
exchange foreign impact and performance of continued portion medical in waste, Regulated in and growth was the Services Compliance by divestitures, our in driven positive and Excluding hospital Waste organic reflects the X% business. growth
the trends encouraged discounting are stabilization we Additionally, healthcare of practices. small by among and customer loss
delivered million $XXX.X to compared fourth in million quarter Services $XXX.X revenues of Secure of Information XXXX. Destruction the
of $XX.X pricing, Related fourth X.X%. of exchange million were $XX.X acquisitions, Services SOP and impact revenue organic Excluding revenues the XXXX. the foreign to Communication compared was quarter growth impact and million in
million $XX.X revenue lower impact Excluding and in organic impact, X%. foreign divestitures, for revenues approximately declined accounted of exchange the which
in As U.K. in returns and the business entering business and first services quarter. the the during the quarter a the divested reminder, fourth business we telephone based texting pharmaceutical the
communication outreach patients. solutions recall continue We business services expert and hospital operate the focused to on to
$XX.X Services quarter and $XX.X fourth to XXXX. Manufacturing in million compared Industrial million were of the revenues
exchange organic foreign declined X.X%. impact revenue and Excluding divestitures,
$XXX.X year. of operations charges million million in $XXX million in quarter and the divestiture in XXXX. includes to quarter $XXX.X from fourth million This from losses GAAP in loss $XXX.X was and last XXXX loss of the non-cash operations compared impairment
million. was from SG&A of XXXX divestitures the million. and an primarily impact lower material reduced million related the charges of $X.X higher the losses income operations. quarter impact SOP from non-cash for minimal costs This operations all to in offset impairment waste million of $X.X divestiture to a in effect divestitures aggregate loss XXXX compliance $XX.X $XX.X and weakness increase fees sales operations excluding of of impact million. and and remediation and litigation of of gains in million expenses, was improvement a the and of of on was $XX.X consulting comparable had excluding XXXX period, pricing This professional fourth $XX.X on Normalized result partially hazardous The loss related by
the operations compared charges, impairment non-cash last the of diluted loss in GAAP share to per from compared share rate losses, and the per reflects the operational year. divestiture was effective lower diluted XXXX. of as the items of change XX. previously highlighted, rate X% to quarter loss quarter fourth well loss fourth a $X.XX $X.XX The X.X% as the of tax in on
compared GAAP year cash full quantity of was for for cash XXXX, flow operations $XXX was settlement operations In million from small reduced million action XXXX. the million. to $XXX.X flow by class $XXX payment from customer the
XXXX from due operating cash certain implementation timing matters, in compared highlighted software. primarily million settlement planned flow investment. performance payment, operations the Excluding were $XXX.X XXXX, ERP by to litigation lower Capital in XXXX driven previously payments for as million incentive decreased prepaid compensation, expenditures and in $XXX.X primarily of to ERP-related and
mentioned quarter $XXX.X million and as compared was to related largely higher earlier. by the costs fourth XXXX. in was pricing waste $XXX.X decrease hazardous driven SOP EBITDA operations million Adjusted The to
compared $X.XX diluted fourth $X.XX was Adjusted per of earnings quarter in share to XXXX. the
year-on-year $X.XX As a higher by in unfavorability following; bridge effective hazardous the cost unfavorability $X.XX interest illustrated $X.XX to from adjusted offset EPS increases the was the tax partially and slide from expense. rate, in due pricing, variance SOP from waste operations, X, on on lower unfavorability
was quarter to revenues compared DSO the of from XXXX. When third days XX fourth DSO quarter DSO XX calculation, during with XX the reported Our excluding days. the was days divestiture
year. our which operations generated in free of collections, quarter resulted the $XX.X We the quarterly actions from and flow for flow to This in cash million cash million free cash guidance. our $XX.X fourth of improved generate exceeding reflects
At our facility to in XXXX. to filed X-K We credit of was adjusted ratio step credit of with our adjusted XX, leverage of effective fourth quarter, under X.X, X.XX. quarter maximum down debt-to-EBITDA leverage has the first been agreement, amendment increased the ratio secured end announcing XXXX an new credit our December today the this Under debt-to-EBITDA X.X a facility. Stericycle's the to an amendment terms
The at divestiture the a completion maximum Environmental down to the leverage ratio Solutions XXXX. of step the Domestic of close to first of quarter trigger will X.XX and X.XX in
XX, to back there EBITDA December December million to of backs. further $XXX a defined be $XXX add no after will ability which applicable the to will expenses XXXX through period for through maximum continue add existing million our Additionally, XXXX, of XX, reducing XX-month
covenant We for of proactively to sought potential during regarding our any a year minimize distraction company. leverage this the amendment transformation significant
remain and debt our debt we reducing paid XXXX. debt to leverage. down However, during $XXX million approximately improving committed We in
environment, control that excluding anticipate We internal business over the year Environmental is to results our appropriately controls, the to be Domestic our IT-related have we more would significant Turning process have operating business effectiveness. Solutions made our control but work testing observed deficiencies, through and notwithstanding core done. achieved are designed there we we that progress
IT, hindered of disparate improving by the were in legacy but For we strides our we made controls environment. technology IT-related nature our
which global January, implementation HR are effort in our parts from that benefit ERP the XXXX. of remediation and launched IT to the of important we North future state in expect system the in We America
the line call move to to with components IT invested million $XXX take of in There cost inception the From estimate the system. provided of to Before review I'd which earnings moment ERP. our first XXXX, Stericycle a we in of The end financial deployment the of for the our like development XXXX, are testing guidance through is ERP, profile on in and is has the finish ERP the development financials: to our last quarter. three new
deployment paid million adjusted about anticipate adjusted North This which expenses. be expenses. development, expenditures out costs operating included to ERP cash million operating about operating between capital $XXX of will capital to equally and $XX we complete testing approximately America, expenditures for split and ongoing for $XX will in million and the roughly million $XXX spending that ongoing of XXXX, out be
incur to systems for staging are new cost second, incremental platform, the IT to component will staggered in as anticipate our IT due ongoing in cost we we and the since we new the first, continue operational to two legacy in over $XX We incur we XXXX cost all XXXX year XXXX, costs factors: second our the of the in million to be the to we The spending North million deployments. run is system. $XX run throughout more running XXXX the go to of live will also ERP which deployment of American estimate
range new $XX ERP indicate projections platform million run the to $XX annualized current beyond Our XXXX that will to incremental cost million. our between
our is international component third The system portfolio.
did deploy globally As in January. mentioned HR earlier, we system the
about same America. applications implementation and million $XX for plan financial commercial, international in for legacy businesses We provide we systems on businesses, portfolio and is our analysis note used of to are that our an the of finalized. update suite which are to $XX international North will our to now annual international system building maintain operational we our I year by will replaced. incur their million Please we also planning once costs for the will anticipate leverage using the continue until
on $XX focused year, in will compensation. This which million our results incremental trigger incentive year-over-year. we in for targets XXXX, note, are an of maintaining the expenses Also for
Turning which to we ERP. parts anticipate with due guidance the of moving between Therefore, XXXX, revenue adjusted and items year Slide to for as several are cornerstones on the unadjusted free implementation full XX. the flow expectations is and year cash using our provided that faced the of transitional we our we
held foreign known guidance currently based a guidance in exchange we level estimates SOP Our on modeling for at is rates which for pricing our have XXXX. and stable
full divestitures already impact based on of and outlook that in have have We closed. only factored business our the the
billion. to the the X.X%. to We of $X.XX in full of $X.X revenue XXXX range an X% growth to reflects This expect approximately organic billion for year organic revenue be
cash of the the free be expect full $XXX million. range million in XXXX flow year to $XXX We to for
about ongoing includes Our the are capital We basis million full million $XXX free out $XX our free estimate cash divestiture in flow environment unforeseen $XX excluding to costs, one, GAAP P&L. income million ERP guidance that our impacts. cash $XX of expenditures includes Of anticipated to to indicates both non-GAAP adjusted control a ERP be an million two, and aligned, on which operating million, estimated, capital expenditures. $XX million to on million and of expenditures; to of expenses improvement and for operating $XX current of of the range cash year which modeling million be any for note, in the will directionally flow $XXX $XX the
$XXX the Domestic associated the revenues outlook note, included includes hazardous represent with $XXX.X Solutions on with under million Environmental about Industrial has Harsco the the U.S. Waste and of year Our services. of $XXX.X Manufacturing in and the Solutions Of the Regulated full a Services Services million business not but million yet business the as Environmental closed. XXXX revenue of revenue Compliance U.S. and all basis, all transaction Waste transaction of
is impact million impact SOP prices modeled the year-over-year approximately a stable. be both current Year-over-year margin. Remodeled to reduction The minimal. is $XX is paper most exchange and revenue to rates based on foreign
gross We improving the also rate. margin anticipate
by is be mentioned the However, expected this offset SG&A expenses increased improvement to earlier.
total amortization depreciation to expect We in and prior be year. relatively to flat
Finally, would provide last long-range the like to business. perspective call, on on indicated outlook I as for our I some the
including modeling long-term been have ERP our implementation. considering all transformation initiatives our We plan, our
the the evaluate modeled have to are encouraged based continues so what far, full look business unlock, on the we ERP next that we as we X will forward benefits over years. the While
X%. expect rate organic annual of revenues grow We compounded X% to at to a
primarily increase driven expect We annually, by least flow expansion. to margin generation to at cash free $XXX million
of is down below years. next X-year debt assumes important within stable leverage today X any pay or SOP other the have to is the Domestic continue potential Environmental of improve and does and our acquisitions. It this note pricing environment. ratio X divestitures the we We leverage impact business a times that the business or divestiture also modeling the on expect It based to Solutions consider a our X to not to and anticipate
the take back presentation Board Before the deck. progress profitability designed are well have highlight changes as plans and to in XX term that fact Cindy, best as performance. are of These we that initiatives follow the share near term. practices shareholders on our executives compensation With over price the over slide as outlined reward have designed I key align longer to Directors incentive moment turn for also Stericycle's want in to mind, plans, our in the with executive to recently we reflect compensation discussions we outlined and approved against XXXX I a has to to as changes new performance with
will I Cindy. back to now the turn call
