Thanks, quarter for this the for to full-year Mike. quarter Hello, bookings solid and was review record fourth and quarterly in morning XXXX. and everyone. our our provide outstanding a XXXX. us results The finish an outlook our footing history, joining business our Thanks fourth year to for to discuss best
by combination solid internal as fourth from existing of and a results businesses. as Our our quarter growth were by businesses, double-digit excellent well newly-acquired our driven performance execution
full-year performance the highlights had start every record quarter. I'll XXXX, For with the in of we nearly metric. key financial the
charge Adjusted revenue. the remained by of excellent. Revenue of on new can or you healthy As EBITDA result diluted XX% as share nearly was to per GAAP a XX% up tax was XX% or margins one-time at Adjusted of negatively XX% million. XX% was five, to revenue. $XX a was million, earnings tax US million earnings see $XXX $XXX up up un-remitted law. was Adjusted financial impacted foreign on and performance income were QX Bookings a in XX%. gross XX%. operating our up record slide
cash on at cash a Free comment the remarks. later spending was diluted new manufacturing Without doubt, that tax Excluding operations quarter was restructuring of to $XX our also provision one up despite was per record facility the quarter the from our on in a $X.XX. I'll this XX% a costs, million, share and of earnings $X acquisition-related in one-time highlights flow million. other my record and $XX million adjusted of
ratio our debt and the in of $XXX as was facility at net quarter million, the end Our our defined X.XX. credit leverage was
for results. me now to books, million the was overall record was at certainly and which typical was Adjusted Let was record was adjusted one conditions also run strong fueled our Adjusted to record rate. with acquisition our nearly internal record. a Revenue market the million. Difficulty] most growth. results regions margin XX% contributed EBITDA existing of while upper-end a XX% of in definitely up and turn $XXX our the gross recent to $XX our EBITDA XX%, full-year our excellent world XXXX [Technical a of businesses strong a an margin
and the Excluding on a earnings acquisition-related over return just per record invested was $X.XX. capital full-year adjusted our costs, was Adjusted one-time restructuring tax provision XX%. and share
As you early tend XXXX. results the ROIC acquisitions to acquisitions and on completed know, in weigh we the second years, in of half three
was of overall and XX%, our acquisitions, year outstanding XX% the was million; for from impact return flow the an record $XX million, record Adjusted Excluding XXXX. $XX both was flow recent cash while ROIC cash XXXX was year. in a a equity free operations on and
can slide bookings, earnings and to made share. adjusted see acquisitions on revenue, per you seven, our As contribution a strong
In addition, a dollar from the impact impact on our currency had foreign the translation. favorable modest weaker
businesses products well. in excellent forest from success contribution our operating role While played a big our performance was fourth a as existing part of internal of the acquisition, big and quarter our growth, the
Our XX% adjusted compared declined internal to bookings growth of FX was revenue in Internal in while very share internal in XX% a quarter. earnings acquisitions strong quarter growth per X% growth and the excluding nearly fourth fourth XXXX. was
than and X% internal even better rate bookings in was which revenue growth growth internal our at For XX%. double full-year the our was more was XXXX, target our growth
our their in Fluid-Handling internal line of the a product earnings were strong up bookings across recent broad based and year. compared up and acquisitions, was performance XX% QX, up with XX% quarters our compared share revenue which XXXX consumables product QX was was lines. compared up our over was five in revenue acquisitions eight, and last can adjusted contributed up QX for trajectory recent the to acquisition, On the in China quarter double-digits XXXX XX%. growth quarter was while up and revenue than largely in fourth XX% excluding to revenue for last our and note continued bookings million lines which last product the and most record more of More of XX% internal was per XX% our to from bookings growth of driven of reasons year. to the QX were revenue most importantly over $XX accommodating $XXX fourth trend growth of were up by bookings fourth Parts we QX products the year. see in X%. performance slide strong revenue you and upswing bookings our up, million growth positive Of bookings bookings was quarter had particular which doubled Leading
Our parts most Fluid-Handling consumables the and regions world. led were by of and growth double was internal digits our revenue in Wood-Processing which key product up lines
the and XXXX. and represented consumables reach a record in full-year compared XXXX total For to XX% revenues new parts XX% of to of $XXX
market on the shift markets. say review, move about few Before our the to I in end I words want to regional a
XX our XXXX our were which end diversified business period acquisitions customer of acquisition. shows Our markets. recent breakdown pulp beyond product second half our and have base by traditional of includes the our for completed the in half market XXXX on second end us The recent paper of the for a slide chart that
markets and of a As good printing and for paper and housing our revenue to demand. see trouble XX% North end over due you packaging packaging grades the have can good The of portion XX% us the and was of largest rapidly representing front outside Wood-Processing only news revenue growth writing market, American business. two related and of e-commerce represented a pulp our prospects traditional strong growing of and our
equipment benefit operate performance I'd are geographic to on portion driven led strong revenue several packaging packaging which increase. producers bodes lot year up housing produces our we operating for lumber Industry packaging product North Healthy Wood-Processing next from with well $X the by the million drawing over position to order increased the in projects North rates for for Stock-Prep for price respond largest of There Mills. put several largely Mills X% board financial America. demand the at homeownership production e-commerce demand On America continues and among as per strengthen OSB containerboard and Next during North a the U.S. of analysts we With linerboard. increases American of an demand in to system customers. as the secured our review and year. a healthy few of through front years Millennials of an we related like our making for the the for to in shipments OCC start sector XX% let packaging continued major mill we This starts and our supplies running month the regions forecast to for linerboard housing line
You see on was to to contributions the from North record revenue to XX% up acquisitions. XX in our largely slide can America our $XX million a
will line. of continue Excluding by law XXXX. Overall, was XX% cleaning, and capital to our compared we partially be investment our the Wood-Processing, impact to million North of handling, booking a last the were since to in tax of up last lines in business. major is the highest positive cash period in QX same up market and repatriation believe a X% $XX QX product fluid revenue the our filtration offset the quarterly customers. We of in and product year. acquisitions our compared American were FX U.S. new by America see bookings to Increases year the our Bookings Doctoring, foreign contributor North for reductions Stock-Prep
consolidate America, constructed of capabilities manufacturing $XX was this technical, Lebanon, to manufacturing foot will which into several the comment North we've million $X in our Baylor achieve location, efficiencies Before the three integrating square XXX,XXX a economies new month, in Swedish of a Alabama as facility. Sweden as is Stock-Prep equipment facility newly located Ohio, want and in investment Southern to consolidate service we've facility facility in construction and single significant locations moving business. paid The Ohio. administrative by project same scale to from year America of functions into machinery U.S. into our administrative commercial million of a the on would and expected leaving a Last undertaken last North operations new in greater the and which Greenfield manufacturing I begun and manufacturing we be locations site enhance into facility. operations also used in completed locating and to The well the Ohio
two of product in to a from number Incidentally after the progress American Baylor's investment to relating North multiple synergy pursuing North to this the incentives. fourth As of in effort in with line total to Baylor's bringing market The the of bookings four make Paul the booked we're this is the continue single consolidating for expansion sites X% synergies into more this XXXX. quarter key IRR a acquisition. is we a projected as location in America well tax in tax due
We manufacturing building personnel. stock all location prior to not our also and This additional and together. bring benefits our as harder functions purchasing quantify same from new to IRR was not in into location projected co-locating to allows other facility this in of expect support our these included the U.S. are us to single production business which functions our thus achieve a engineering
expect extend economy improved these inefficiencies are has made our and to of Europe. be bookings our show Fourth acquired and and expected from Slide QX of largely say startup Europe's to on XXXX. we due midsummer. favorable operation, was we've recently to to quarter with new through products in progress fully work continues the forced business. operation we revenue in any While by this revenue today to should strength pleased we conditions XX% performance shows operational in any XXXX the XX, the XXXX up I
in a the was saw fourth also quarter performance XX% We European year. stock of last our which up over strong prep business
growth record XX FX, in Europe up Bookings products XX% The double-digit acquisitions Europe. bookings to was of was lines in most million. our up broad a were in based XX% increases. Excluding revenue for in
the prep combined for During from capital of orders we from three for force for quarter, a and million. de-barkers customers products large stock in recently equipment others acquired booked was our for value approximately Russia. system business X several One
waste value of equipment an our and million X a balers PAAL booked municipal and order also recycling for more facility related We and than from treatment expand.
in the Asia, continues to to market which for dominated well healthy is Asia, as as by consumables. to Turning China be parts capital
booked in largely strong prep due bookings filtration a on QX driven Asia by and to in of cleaning XX% large capital revenue Our of year second and of Dr. Acquisitions last in was impact The performance QX. a XX% a quarters the stock had from revenue XXXX. to in up Asia orders shipments minimal was compared Asia revenue XXXX. and and Bookings decline product lines. saw handling fluid strong of third in
bookings moderation of demand China of a gradual weakening strand and capital half expected see for this projects oriented XXXX. also and paper to We we said, board. expect for related second in the That in pulp see
China lot in and particle million with board and displace orders M-Clean OSB system with of the and for relatively medium due cost advantages value of Our use and $X this good number more for fiber in China a systems showing and OSB in new $X positioned its Taiwan. to is value million than is a furniture. to extremely three its in growth project China board combined segment. orders weight outlook signs cleaning the density well including product a of fiber capital four combined Other resulted recycled approximately China processing customers and of for from fabric in activity of in
rest world in million million upper bookings as XX, historical trend XXXX the see the fourth results, quarter $XX revenues of you respectively. few on $XX of at comments about and a the our Slide Finally, can with of inch and or or
Our and led weak up of was compared revenue by QX of rest stock lines. the product and a cleaning and world to doctoring, XX% very filtration a the 'XX
for guidance a secured revenue a X and in on the and few from with with the Chile order pub order sequentially year-over-year approximate conclude quarter million FX, customer we remarks I'd increased full-year OSB QX booked system feed similar Chile strander an a for our of a system plant amount. like a in large up for a for an disc Excluding and my a and likewise for acquisitions we are bookings to XXXX. in closed cleaning value XX%, after comments
conditions are will year believe We Kadant. second XXXX. bookings We solid encouraged global the to trends the by economic well of for strong as we've seen as the another half XXXX be
million. XXX GAAP For earnings XXXX, to achieve we share to XXX of $XXX revenue $XXX million per on of diluted expect to
guidance excludes include up ramp We our XXX. performance as our adjusted results and Ohio, the of the our of related the for a which prep revenue expect inclusion the impact diluted our result earnings in as operational adjusted stock items half XXX inefficiencies the in to is strong as which of positive our expected from facility These expense our per first to adjusted operations be restructuring our existing of year, as other earnings share new impact results of expected well businesses per consolidation at to both acquisition. we share the to manufacturing
will by translation versus XXXX revenue FX expect we addition, million benefit In approximately XXXX. our $XX
adjusted share call $X.XX. details to On earnings per pass of we an basis, will we For Mike of $XXX for to over the million. first earnings per of I $X.XX diluted our and revenues $X.XX now XXXX, million share of achieve performance. quarter the diluted to $X.XX Mike? additional on expect financial $XXX GAAP to to expect