decline, results. quarter for Thank impact million, Services $XXX.X divestitures Secure reflecting $XXX.X This accounted I our accounted Information million compared business $X.X fourth revenues Cindy. was organic XXXX. foreign you, Waste partially $XX.X exchange will of the by impact a and of and favorable for pandemic-related fourth Of in million $XX.X by and million $XXX.X in disruption. Destruction rate Total Compliance quarter million. $XXX million summarizing revenues to of growth Regulated start of the the offset million, were
$XXX.X five, quarter million, slide on million noted of Waste were $XXX.X fourth the XXXX. revenues in Services As Compliance compared and to Regulated
the Excluding support revenues maritime America waste X.X%. cruise the in the largely of the exchange the increased maritime increased pandemic from When all revenues and and impact Compliance North rates, Regulated Services segment. organic foreign Almost impact services, waste are services which organic the on Waste divestitures included industry, of X.X%. for excluding revenues
growth in revenue continuing surgeries. revenue So partially quarter, elective when COVID-XX-related in XXXX. International PPE our the Of Compliance X.X%. surgery excluding Waste attributable and to and majority customers growth revenue quarter remainder Waste was the The initiatives Regulated waste, and revenues million X.X% impact the this of of supporting million, fourth Compliance elective Information temporary impact, organic centers testing deferrals. the was North International of increased their half growth revenue delivered the was despite pandemic, driven America Regulated offset XX.X%. from of fourth Services $XXX.X of the by services, the net by $XXX.X positive compared deferral and which Destruction quality Services by was to non-healthcare about growth volume, through mailback Services was Secure increase, a In organic
in for was Related compared Organic foreign Secure with operations to impact quarter, was $XX.X debt losses compared of fourth partially the $XXX.X SOP noted income GAAP exchange impairment income improvement previously XX.X%, in of a last of related and That in of to of million the per rates mainly of improvements XXXX of lower I a expenditures. the reduction three, Information XXXX. second in the quarter in last the loss income gains to were to to Secure loss expense tax $XXX.X In at earnings an mentioned loss half in XXXX. declined due decline. related the was divestitures $XXX.X to or quarter of fourth to goodwill to quarter million of in expense and us refunds COVID-XX $X.XX the U.S. XX.X%, quarter decrease and $XX.X ERP, Also, XXXX. declined versus diluted and higher million relief the million, million $X.XX of advances on in U.S. for that third diluted million, $XX.X of XX.X%, compared end losses of $XX.X puts organic XXXX XXXX. for includes, impairment was XXXX Cash compared are year Information quarter in U.S. revenues $XX.X of range XX, operations slide received organic related quarter million. pricing million by quarter three, net million, from offset $XX.X loss fourth a spend million divestiture to domestic from quarter benefits the goodwill a capital million, change agreements flow executed fourth primarily a to income compared as of one, received a lower our gains the The is two, in balances. million split million net XXXX, million $XX of declined business $XXX of this XXXX, net Destruction Act the the $XX the to a relief $X.X a million. shared Mostly impact back of fourth $XXX.X the share of government to, of million one-third impact reflecting the Of $XX.X ended XXXX, Excluding million the improvement two-thirds the share, result due million net rates disruption. spent $X.X million, $XXX.X the $XXX SOP divestiture and in of approximately of combination that stops. compared tax million, to no declined Services and XX% quarter. accounted in of lower related cash of net carry XXXX. from divestiture in for non-U.S., Destruction CARES and about pricing, the fourth Communication The not was $XX.X impact organic payments adjusting fourth two, expected International fourth the excluding $X.X with deferrals and $XX.X and to compared year-over-year And SOP divestiture of related already a operations America, $X.X of per in In no higher loss service impairment approximately for and $XXX like of and of from which million $XX.X roughly Income second expenditures quarter to charges net net million $XX.X million, December to compared excluding year. quarters interest of of million ERP environmental XXXX, from North one, impact in negative in service XXXX. were repeat, total difference year. revenues $XXX.X operating million fourth third revenues and or pandemic-related of government of solutions revenues I’d goodwill interest we XX. million the highlight pricing Reflective XX% operating operations and The to on revenues
a cash The other year-over-year, operating revenues, as compared expenditures payments income lower percentage $XXX.X from and lower revenues approximately and $XXX.X related operations prepaid of or payments was for two, last legal in interest as or from of fourth changes a professional the XX.X% were, three, billion, of of million fees, software matters ERP of and year. $XX XXXX. million, XX.X% in operations XX incentive compensation percentage to quarter lower for million to annual compared one, of $XX.X million Adjusted and
the of XXXX. by $X.XX points, points. of operating diluted incentive was impact of The basis million, and basis $X.X majority divestitures million. XXX partially percent lower points. revenues XX were was in margin efficiency quarter of which declined XXX businesses, improvement Adjusted which an exchange to initiatives, as the compensation per Adjusted basis compared this almost offset quality XXX approximately operations points. basis foreign revenue of improved contributed earnings of rates of annual income and Excluding These and by share from driven a $X.X from adjusted approximately divestitures $X.XX, of in income increase operations fourth contributed
foreign an a lower from of slide unfavorability $X.XX higher unfavorability impact and a share the expense. a from adjusted bridge eight, income rate favorability following, divestitures on $X.XX a $X.XX earnings was adjusted in tax on illustrated rates, As the variance from exchange interest the unfavorability and to from from impact, per $X.XX due operations, lower the
in When Capital higher XX ERP DSO year-over-year the XXXX days, $XX.X compared driven and $XXX.X XXXX to of The XX from DSO DSO $XXX.X million days the was management. XXXX XXXX for Free The days trailing timing the fourth quarter of XXXX. flow in due primarily in in fourth and disciplined XXXX to the by cash investments with quarter XX capital the capital from significant $XXX.X was fourth below well days cash leverage ratio was million was for improvement was quarter. to the our XX the end credit million, in debt third revenues excluding is the and of and compared times, of million, times defined XXXX. difference XXXX. X.XX lower compared expenditures. flow the X.XX quarter ratio for the to maximum of million businesses the from Our quarter agreement XXXX was calculation, reported which our At for compared divested allowable operations quarter, of third days, were XX expenditures fourth XXXX. as days to XX-month XX $XXX.X of for quarter
quarter, $XXX.X debt, agreement of total million the our net down debt decreasing down debt we and XX points leverage $XXX credit end to paid Since debt by net $X.XX the ratio fourth defined billion. paid we XXXX in net During of million. reduced
a closed As quarter, In to historically XX, December million interest existing profile to our revolving maturity term business. us line low extend overall proceeds note offering revolver the fourth allowing available in the long-term senior down the $XXX rates. we we $XXX.X credit use of at support debt to and and had of debt, our pay XXXX, million
having in two In business December. global reported for approximately part divested Patient our the principally segment business which eighth XXXX. with revenue our business, North million, As in What represents recall $XX Services as Services. in Communication Stericycle $XX approximately XXXX, in of product our had revenues of million Cindy the completed mentioned, $XX past remains America is this of million in and Solutions, Related annual years, recall divestiture we Engagement Communication successfully
million full offset divestitures a XX, billion, was entities, XXXX of from to the loss from $XX.X ended million $X.XX operations share excluding like related was for in $XXX.X were $XX.X impact compared $X.XX $X.XX on of Net previously began of a debt expenditures. lower diluted $XXX.X million Of Destruction accounted to impairment of million $XXX.X we was slide the year XXXX, difference ERP, XXXX. per per which about the due for of revenues diluted XXXX, from or The early revenues with December extinguishment $XXX.X that expense mentioned billion to half and $XX.X to compared the accounted operating Income loss XX, the related net interest results to highlight losses When spent $XXX.X with in on higher $XXX.X Secure $XXX.X million XXXX total Information impairment million compared and adjusted in $XXX.X in total to million XXXX, approximately for Turning million, in million In $XX are share, in million. results capital XXXX, in exclude divestiture no million. SOP loss the revenues income $XXX half of in $X.XX million revenues, divestiture in lower or to expenditures decline, loss normalized year Also, I’d XXXX. XXXX. and XXXX are XXXX, in divested compared in The were in were in total goodwill SOP share approximately of to $XX.X of million pricing results by generated XXXX, of diluted EBITDA $XXX.X $XXX change revenues. earnings in to difference benefit EBITDA $XXX.X XXXX for from pricing entities a divested Adjusted XXXX, results per was $XX.X approximately no XXXX. divested was was exclude $X.XX million million. for XXXX, In to offset million. adjusted negative partially divestiture compared losses the $X.XX million divested of billion. $XX.X operations million. the businesses in from generated normalized impact to When XXXX, $XXX in versus XXXX, which accounted to $XXX.X XXXX Adjusted in approximately to income primarily of in goodwill million XXXX tax operations $XX.X loss entities, $X.XX by was XXXX. million million compared compared the million for impact EBITDA. XXXX,
unfavorability down was adjusted due variance higher slide impact following, $X.XX tax on $X.XX from unfavorability from the the a SOP share from adjusted to illustrated unfavorability unfavorability operations, and impact impact, in and earnings from the divestitures from lower pricing, income rate and XX, As $X.XX exchange per of the favorability the bridge rates, other. expense $X.XX lower interest from foreign $X.XX of
Although, what and economic like with we I operate the to XXXX uncertainty see as into still preliminary January revenue, we emerging some provide of result disruption would insights ERP anticipated related to in a long-term spend, trends some Services with and cash flow and organic Waste fourth Secure for consistent revenue generally the the Regulated was dynamics experienced and Services quarter. Compliance in Information Preliminary Destruction outlook. January growth our COVID-XX,
an Regarding our ongoing deployment factor ERP continue initiatives, deployment a With timing. the of we’ll evolving in the I’ll ERP, beginning provide update those will that, system ERP into the pandemic monitor dynamics as and mentioned, middle year. the we Cindy on assuming our now to and
it be expenses compares XXXX. of million categories, of at approximately $XXX we go million million ongoing of conversion anticipate Two, will deployment, of capital anticipate anticipated This of approximately environment be spent, to IT operating development the $XX.X approximately an IT be to an to of three, running we XXXX, testing, expenses the $XX million XXXX. to for of ongoing historical North into new operating in ERP million operating $XX of which to compared the These $XXX XXXX. in the ongoing to $XX the to million to America, cost million we anticipate live. expenses to after adjusted annualized $XX $XX $X earnings. MRP maintaining data will system we After total $XX expenses anticipated to estimate This relate we of million million to operating deployment which depreciation. until expenditures, capital XXXX. fully ERP to and system spend that a expenditures expense million spend we incremental compared million new million of system out in running split operating $XX depreciation. will following approximately million, expected operating $XX $XX.X $XX system to training, in ongoing is approximately million the non-GAAP expenses continue anticipate rates current to million in our of million the to approximately $XX deployed one, addition are In for This is run $XX which be And expected is anticipated incurring
look take some changes Let’s flow free a in to XXXX. for cash moment at anticipated
government XXXX First, expected we million in $XXX had COVID-XX I not that mentioned earlier relief and divestiture of to cash repeat. benefits and are
capital ongoing that Second, incremental incremental XXXX to on one, million which operating ERP $XX are $XXX.X in quarter incremental expenditures $XXX of $XX outflows mentioned cash as I to follows, we our all million expense million ERP $XX compensation anticipated almost million and earnings of to incentive spending incremental to XXXX, operating non-GAAP expenditures in XX of approximately, the adjusted approximately as anticipate XXXX. adjusted as second, part expenditures our ERP anticipate highlight in IT payout million spending anticipate XXXX, two, million $XXX I’d third, compared new of first, in to out we pain XXXX $XX earlier, year, to million first annual is an in like of structure, compared we to last operating million IT ongoing four
as the these this The looking full tax-related provision call. by basis million contemplated repaid be payments quarter. Harbor in in government payments half third in anticipate With our in refunds. the on a first XXXX. approximately relief various offset repaid Safe $XX.X opening the deferred and statements will remainder quarter paying of at Lastly, tax forward half following long-term of we anticipate year approximately includes the We outlook related the
expect margin agreement below we times We XXXX outlook debt follows. and annual we year. XXXX based business XXXX organic X% with grow cash in defined by expect as expansion. outlook And and to for revenues and flow current ratio operating $XXX outlook exchange least credit X% also assumptions, our are reaffirming leverage generate rate rates primarily One, at million Two, we X annual to three, XXXX. between future base the free XXXX, on expect achieve of a five-year driven items compounded pricing. including between and a at to excludes SOP certain known to This This foreign is currently estimates acquisitions and as divestitures.
I that, the with So, will back turn Cindy. now call to
