Thanks, finish and our solid joining Mike. discuss you quarter Hello, everyone. for execution quarter this for us per fourth to adjusted to Thank earnings year outlook record-setting XXXX. business year a full with diluted an morning and share. The extraordinary results our was review and fourth record
performance EBITDA for in the share. as year full revenue, I'll and of highlights We record my the diluted quarter. bookings, financial also with adjusted per GAAP XXXX review had adjusted begin the as earnings well
factors several quarter million, facility, as the There earnings ratio, net with us to a remarks. on up $XXX see extremely Gross adjusted and leaving at contributing at from million an defined just in strong remained share review XX% to EPS at to X.X. which a flow per or will credit $XX just Slide of strong was $XX his leverage $XXX healthy Adjusted XX%. our was in QX margin X, are performance, Revenue XX% can up Cash record end operation XX% debt you basis, $X.XX. was $X.XX. financial GAAP diluted beat our was As the was share of million per was Mike revenue. On our strong. earnings performance EBITDA was million. in XX%, of under up our
we Including ratio approximately the of to the include does this our X.X%. be borrowings early in we course, Syntron leverage facility our Syntron Of to $XXX not expect acquisition, credit the finance QX year of under made acquisition. million this
me year results. full our let turn to Now
million results of a on result EBITDA early our up XX% exceeded adjusted performance of as diluted outstanding, EBITDA years. was to was also $XXX per adjusted was market from a million. our XX.X%. existing were Gross execution up record. was to our Bookings earnings share excellent year prior a on Revenue XX% to XX%. Our which full financial for $X.XX, record a diluted Adjusted and tend favorable with acquisitions capital the and respectively. record share Acquisitions strong at XXXX XXXX records both per margin conditions. year in year Adjusted record $XXX were setting and the $XXX of a record margin contributions weigh GAAP full ROIC businesses, earnings XX%, performance return million. XXXX $X.XX was invested
Excluding acquisitions Overall, impact capital $XX our the of return and return XX.X% for was approximately XXXX, million, the from was was of equity Adjusted cash half million. an second our XX%. flow invested in the that year $XX on completed free cash year. operations flow were was while on outstanding
on our We occurred foreign quarter. acquisitions fourth As X, as adjustments in a translation to had of you on acquisitions dollar can fourth had XXXX QX. see currency impact our the Slide prior for in negative the the quarter strong no all
growth, excludes which Internal is the acquisitions, in outstanding. revenue and which quarter, growth internal FX bookings was fourth Our in was X%. XX%
times growth better year targeted and revenue our XXXX bookings With and the internal in in at full X% XX% growth. growth of in revenue strong years we've For of even XX%. which was internal XX%, growth is internal growth had our two more three internal XXXX, was our XXXX, than rate,
Slide years. can do revenue the trends internal is we last I expect X, the average, over X While level for I this normal, that our believe growth new modest you and years. internal see bookings growth of the can think quarterly on don't coming On
from bookings typical see extremely America to year levels on. and quarterly the the the our Significantly, started the strong can returned chart, XX%, America. of in were went more in principal reasons a and booking QX. in you South respectively bookings and more decline and and by the As basis, in XX% Asia year was North for as South Asia year-over-year On offset weakness the sequential Europe America than gains weaker
Our our line, Wood when to were fourth year, Processing to revenue as our run product product Both Filtration the up had product up total bookings similar & product the line, the pattern all & the which million. followed $XX QX year, rate. was compared XX%. same slightly prior Parts of performance, major to by last to Consumables XXXX in compared period a was bookings bookings. led lines our up year, quarter compared line up up was relatively strong Processing the but versus strongest XX% compared with a Wood XX% Doctoring, and followed QX QX to fourth metrics revenue of down record still which last Cleaning, of by last XX% revenue quarter
new XX% & For the also a record last record up at XXXX, XX% full and Parts XX% compared of year year. revenue $XXX represented total and and million million to XX% Bookings revenue reached $XXX was a compared of up in were Consumables XXXX. to
few critical move Syntron, our This we a company I like high-value businesses, acquisition products premium on is Before which regional add processes. earned completed production that market has of say offering last The stable Kadant the forward words of to part a reputation to month. management of about reviews, want recent of company to once excellent. of the a I The Syntron business, a a to integration leader planned company part Syntron history moving strong team have and in Kadant. was of as its as and public pleased aftermarket earnings is with markets and a is we're business. this other
on in and first We expectations strong have last reporting So integrating internal and Incidentally, the call. XXXX on as significant a thought of year XXXX, the it exceeded acquisition, our Products expectations we the during which we we I'm forward also with growth time don't issues that large to a business high look up our we Syntron per of impact at more is many to has anticipate for flow. shaping its earnings completed our on of acquisition pleased our improved cash part report Kadant. have this progress share positive XXXX other now impact has into our them margins. will better calendar free Forest Kadant. NII, the operating positive year. adjusted than modestly made Overall, and expect
operate. geographic we like the I'd performance Next where our major to in review regions
at financial export demand XXXX, in capacity containerboard environment more XXXX. demand some North with big that additions Let the position in That XXXX. capacity to XXXX in dropping corrugated month by of me mills With XXXX, online sizes operating healthy packaging packaging This that in question rates year by for the Star America. The healthy XXXX at of due for customers. in our in the making booking quarter. shipments December, lead largely online strong Healthy average board modest reduced slowing will start up XX% absorbing American the part to largest we additional amount producers the comes announced ended North e-commerce for the to a benefited Demand of of our to operating of came Fibre large what is should portion XX% online a seen supported capital China combined relatively fourth for capacity driven role linerboard in still America. although level. rate the as and in with some coming packaging play and with a in we've said, led North and demand of revenue from carton
being noted starts continue some bit, headwind. by under recently, would analysts headwind. as to this On moderate affordability the More housing which housing industry come front, rates with be interest pressure U.S. down a have a
demand year seen in by conditions in somewhat to backlog. expect lumber, Our came to Wood saw Processing our Wood we revenue a strong product solid this, the we with Despite XXXX and Processing XXXX. weaker line, equipment although is of our and and earnings in revenues, strong and record due OSB year booking from early have producers close as used we part in the
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while at with near-record weaker, year. Russia, Brexit and virgin in on Central XXXX equipment were sawmills combined $XX chemical areas while sequentially Italy was produce the performance year-over-year wood orders and fiber European large such customers. QX by situation Germany negative equipment Processing in and paper due debarking a to customers a by of currency which of Eastern used X% XX% lumber chemical to like to for million. to We $XX for compared for is other up pulping producer areas product booking to affecting Northern some were The foreign some Europe Russia $XX to and and other in of million is quarter which were Fourth The Europe in bookings debarkers million. process as several is stronger. in used value pulping down our approximately was XX% However, was and translation. Revenue Europe Wood capital of our up our products. the equipment damper compared are XX% impact a This line, booked led Europe at last equipment investment,
is a was activity dominated as were in saw reduction QX diminished. bookings significant slowed FX, The market revenue in Excluding which project and Asia, capacity additions China flat. by
in there build-out and issues packaging to is due willingness in impacted in trade uncertainty as and this China. new restrictions the well imported China the demand accept While U.S. Asia semi-finished shortage also as to are wastepaper ship will as fiber slowed has regarding product the The uncertainty paper well Southeast import countries additions. questions future how for mills capacity of these between to to being resolved, as the have waste
XXXX, through impacted of import wastepaper either by plans goes it China linerboard lack has process supply from Although, all somewhere or need the imported This to it mills huge for recent get or its a more demand to to Asia wastepaper lot announced and build boxes. need assuming means in Europe. Southeast need will to ban will levels, fiber North from it investment imports to with its XXXX more to will clarity America
from primarily Doctoring, Asia QX Cleaning, large of third This capital to by and due up revenue lines. revenue to in and driven a quarters Asia second this compared XXXX. Bookings last the XX% in of QX XXXX. orders year growth of was & was Our XX% -- our product Processing shipments saw Filtration strong in year, decline booked Wood of of
in market in which X QX. start related in China with large OCC the projects value this a and a for weaker That recycling China paper improvement sequential to are Asia in expected pulp for of should lead to said, combined we with We XXXX $X customers a second of capital for orders systems off half million, in in bookings good approximately XXXX.
interest bodes in in for our projects be Processing business. In OSB well strong addition, Wood continues which there China, to
we manufacturer in During for new a the from order a quarter, furniture large booked China strander. a
As of activity I healthy year offset plywood subflooring. a calls, mentioned new advantages, bookings due its and capacity, in should and pulp new paper. previous and we're some seeing project XXXX furniture, was in to it's used crates revenues. OSB positioned product weakness China, on relatively for record and for the We're had is lot currently a and of a cost seeing Asia OSB displace for to well which in
the weaker in do I conditions reasons market However, we for discussed, expect XXXX.
reasonably consequently, heading income good healthy XXXX the ahead. we're we a in into year backlog, Fortunately, and revenue with expect and
the results. of rest our world on comments few a Finally,
X% see on can our of Slide $XX was you revenues the down rest the in XX, to world million. As
QX X% were FX, year-over-year. Excluding of in bookings compared revenues to increased Likewise, sequentially XXXX. down
region, positive year. improvement expect gain green We specifically and do continue this to struggling said, Brazil see That to we see some the momentum. in largest shoots economies some this
rebuild the we packaging tissue equipment quarter, drying in booked orders producers equipment largest America large to from pulping During system of and used fourth another in capital South the for several one order production.
remarks conclude guidance a year my me Let on our comments and full QX the few with for XXXX.
relatively economic OSB healthy North tailwind another by is China another healthy America conditions to -- are expect encouraged the throughout and in reasonably activity XXXX. Europe we in project We business is activity remain that expect and and to XXXX. into the throughout we uncertainty see, overcapacity Chinese relations, year. cautious in leaves do however, as China, will emerging continue We the trade China-U. headwinds us in S. in fiber be shortage look China
U.S. our softening and Wood market, the for present and in North is as investment segment capacity opportunities future which headwind potential could Another lumber Processing America housing additions. fewer OSB producers potentially delay
will earnings $X.XX, negatively the to compared XXXX. Finally, dollar $XX and and U.S. impact our million XXXX by in stronger revenue respectively,
of we million achieve on share million. XXXX, per $X.XX to $XXX GAAP $X.XX diluted of expect For revenue $XXX earnings to to
to and million cash approximately to be that Adjusted expected XXXX, adjusted no assuming be expected excludes capital, $X.XX. per in free our in be million. is We diluted expect to which $X.XX earnings acquisition-related change EBITDA expenses share, is flow $XXX $XXX to working million to $XX
acquisitions, cash in level believe, EBITDA amortization associated metrics and of important flow valuing adjusted high non-cash recent that our with our to intangibles free Kadant. I use of are Given
per first diluted of achieve the $X.XX to basis, For of an $X.XX. $X.XX $X.XX of we XXXX, to of quarter to earnings GAAP expect share share and diluted expect per we $X.XX. revenues On to $X.XX earnings adjusted
next We our to Investor about additional at call Grand years performance. the Day the and p.m. for over our details pass at York. call now Mike expectations for on that I plan financial March New event. I'll to X:XX pass Mike? discuss to X strategy on at the over taking X the want upcoming remind I you to our Mike, Before place Hyatt,
