Mike. Thanks,
Please turn slide to five.
profitable and Our we a results business. progress the quarter focused into first Services made highly Professional transforming on demonstrate have
adjusted from million prior As of the $XXX Mike year. noted, EBITDA increased XX% by
quarter. executed organization. adjusted of transformation XX.X% drive aligned result to of further services was actions first financial taken that the include These performance. strategic professional structure G&A accomplishments we've operating a margin consistent cost the actions despite the into already with our and reduction million more-focused typically our quarter with margin being target, continue $XXX strong addition, the to These are take seasonally our our In full-year weakest direct
continue including more to growth and continue is exit also where than which complete. We are we more are profitable simplify with delivering the consistent ROIC countries, XX XX% to And ensure business our greatest, portfolio our we planned than and investments review prioritize from returns goals. to return opportunities our the
estate footprint X feet, reduction addition, million reduce to estate X more XXXX, progressing consolidation. In real as fiscal a including part a than current more real In the compared than we are million square-foot plan. total, substantial we our with by expect square to of
including and in by utilization our the capability XX% leveraging our a are nearly cost-shared delivered centers are best of through greater hours to centers driving delivery and the quarter. we efficiently we best in design first increase work, ensure services cost global design our delivering Finally, scale
slide in Revenue to declined our X%. six. business Americas turn by Please
Importantly, year. XXX operating X% improvement transportation, adjusted strength in and our and the environment quarter. our on ahead with growth which basis expectations NSR the year prior our over organic markets, core increased by was a Management, marked for this double-digit had water expectation with consistent Construction business for a in basis-point growth XX.X% The margin, Americas and of
to by several key one of the that in driven a growth. Contracted indicators growth, the inspire future quarter, record best by backlog, new confidence trends in of continued increased XX%
First, which states single-digits state for in XXXX key increases tax tax last investment. year, revenues and infrastructure X public increased sources funding in are gas by mid implemented
Second, for proposing recently the of more Governor substantial would plan. billion market, U.S. funding, states infrastructure plan building history on unveiled investment. largest $XXX capital spending Cuomo theme statewide which plans and In largest our New in large U.S. metros $XX a than strong be many the infrastructure are in York, MTA’s would plan, billion support
several market our in key position. actively on-boarded this strengthen have further to We leaders competitive
on to accelerated Third, political Policy National demonstrated the the proposed Environmental changes focus infrastructure recently investment. Act
that of that billion an the order quickly For would been for forward proposed $XX example, backlog NEPA undergone the under have more Highway Federal approximately move projects Administration a change. assessment more environmental has much year than
Day and rise continues expo and With more the we December, investments innovative on proprietary of our Fourth, innovation solutions demand we of in technologies, demonstrated which sustainability lead for with mind ideally resiliency demand to to our capitalize our front this in industry. Investor are suited as remain on many our at clients.
the includes in opportunities in underpin second our growth large XXXX remains expected and aviation wins strong. Finally, the beyond. management quarter pursuing core are that This the across stadia expectation we building, pipeline markets. and business our construction for And in sizable
seven. Please turn slide to
Turning to International our business.
effectively was slightly, unchanged declined revenue While organic prior year. the over NSR
quarter for the X.X%, markets performance margin adjusted XXX Trends results our over the across UK. in mix. basis a Our point operating increase with strong prior was are Australia and first year, international in the
large improving. in business International is market, the UK, Our our
signed Minister EU certainty the from withdrawal provides month, which agreement improve. Following the as the marketplace December's steadily last election, in conditions economic Prime greater
has first Network and Rail We've investment successful to government winning than infrastructure opportunities. new been XXX indicated for are England support in additional its of billion the frameworks, which where pipeline more our winning add $XXX already Highways addition, in would in budget, for In including we an positions key assignments.
in In proud during who've to the by region. infrastructure Australia, as we impacted the to in been local communities to support increased teams, those their devastating extend Australia sympathies progress. efforts. projects continue the Revenue the our engaged of in large fires our recovery quarter We're
forecasted macroeconomics decline Kong, Hong where impacted performance for the a and political had quarter our revenue year. In first we XX% uncertainty
for The retain leading is contemplated. originally And the we was Hong see spending infrastructure performance improvement Kong in progresses. the in expect our better outlook as we and year further However, market. than we this to long-term position robust,
In the impact East, largest our expected. closely have East we projects. continued a tensions. of Middle To-date, to progress are material we Saudi any Arabia, political experienced activity evolving as And Middle not in monitoring our market,
Importantly, deliberate strong varied structure in our with portfolio progresses. cost we trends further and across taken these margin resulted we as and expect the actions improvement year-over-year region, year and in a the profitable, improvement decisive the have align to
Services We strategic I'd providing to Please the turn on slide spend to the continue a Management closed eight. sale last business week. take. moment like of the update to an we actions
our portion allow sale. premium to transaction quickly proceeds Following will for our valuation separation and in a high-quality we of from realized moved outstanding demand a asset to capitalize substantial The net stock. debt a market and strong June, announcement repay repurchase on to this through
self-perform plant advancing We're I the project. coming of this completion in on want exiting by transactions year, to also an construction advancing of provide update towards certain all that progress including quarters. at-risk, goal the on are combined power cycle businesses nearly our end our towards construction
state-of-the-art we few us profitable initiatives the operate to complete, our Although All as successfully we plant higher these second resulted more recently cost a to expect the a in the estimated fiscal quarter. challenges in deliver enable client more-focused to company. that to encountered and
Operating free a with to flow cash million performance was $XXX Cash expectations. flow business was mostly consistent was and cash million. turn Please use $XXX across a of of slide use nine. the
week. to flow performance. Management flow of of for in expectation the our sale cash nearly by which for first impacted most our last timing significantly delays consistent was was with our Adjusted quarter impact, prior seasonal close Services, However, we've flow cash this recovered the cash all
recovery We support Islands, large to balance large continue work optimistic are related developments of this a fiscal disaster U.S. Virgin expectation a positive recent our outstanding the collect to that XXXX. in in portion to we cash our pursue and
result, this free of we million reaffirming to $XXX flow a million for cash $XXX are As our guidance year.
$XXX approximately price. Turning to proceeds of MS transaction Net the contingent from $X.X include purchase billion, allocation. which not million totaled capital does
As a pro result of half this is net turn. forma approximately leverage our a transaction,
We the of proceeds will $X.X use the including pre-payable to immediate repayment our debt. billion sheet, balance approximately transform of
of our between actions gap Successful of and the valuation our has peers. closed some strategic professional execution services us
However, to our our capital to remains authorization. intrinsic a our committed are under shareholders value. of $XXX billion with And we discount returning million Board valuation capacity estimate at of $X remaining repurchase to our the the
provide on We will finalized. more how details when will we execute plans these
slide to with turn year strong and a leading metric We key quarter Please nearly first the on XX. indicator. every started
margins services near professional are all-time Our highs.
remains backlog market end an nearly is and every improving. near or high, strong Our all-time
mark our financial last would EBITDA a between the of of from our midpoint for our $XXX XXXX. have fiscal at million adjusted we guidance. for expectations reaffirmed year Including increase XX% and million, result, $XXX As which guidance
we're questions. that With now for ready operator,
