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outlook eight, fourth was X%. our page to growth for X% sales quarter and the Moving between
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reform. was As the the reported, $XX.X foreign tax of at the deferred provisional balances quarter tax of on our in to earnings, tax of fourth tax offset the XXXX application included effective of We rate. revaluation This new corporate million expense tax tax by rate discrete impact the recorded due XX.X%.
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Turning reform strong in in receivable strong support XXXX. have year reflecting accounts net $XXX two flow higher December. balance cash cash the growth sales before Average years driven was quarter to XX% impact January. XX% and versus been receivables free collections XX, the in The was in or including of decrease of flow fourth of tax accounts last income consistent relatively page non-cash remained pre-cash prior month have full the growth, the year by million to of against days receivable in our sales
our Our the repayment This months of debt times was target of XX expectations. back leverage debt our within X.X the leverage in trailing arranged fourth approximately quarter. reflects million $XX with accordance EBITDA, ratio in
available During of liquidity full $XXX Leverage maintained the quarter. at expense for times the $XXX end the borrowing fourth million outstanding. was quarter year, was million and of We capacity shares cash $XX cash Interest the the of EBITDA. X.X repurchased $XX million of we year. million net strong in
strong the expenditures cycle year-to-date. with consistent free X.X% throughout generating were our the this entire rates average borrowing and and of between rate fixed $XX We averages. business historical $X to instruments. and for a fourth we the million X.X% cash expect WESCO rate quarter weighted the was and believe in flow million quarter Our debt balanced is Capital continue. has appropriately history year for variable
Our agreement priorities allocation consistent. capital
acquisitions accretive The profitable first organic in invest to in is to priority initiatives, cash to our business. and strengthen growth grow
we targeted EBITDA. ratio financial and between X.X Second, leverage two times
to Third, repurchase we authorization. under three-year, million through return cash shareholders share buyback $XXX our share
of provided and cash XXXX. Jobs the options repatriate by Act We to are Tax currently Cuts evaluating
that our of will our expect We existing use allocation any consistent be with capital cash repatriated priorities.
for year our and turn on quarter let's full XX. the to slide XXXX first Now, outlook
forecast provided year, call in operating on growth in reaffirming the between our This X.X%. the sales of that included the are X% we and December X% X.X% outlook full and For to XXXX margin we XXth. range
result of range the expect year rate full to $X.XX we to This Tax XXXX, XX% Act outlook of million in the XX.X about increases of to a approximately Jobs $X.XX our to As our count the Cuts a and XX%. EPS on approximately effective diluted reduction of shares. same diluted tax
We reaffirm of flow net cash free more expectation XX% our also to generate income. than of
foreign beginning devaluation quarter, the XXXX. margin will X.X% projecting in be sales currency a the million are For X% of a occurred X.X%. X% we expense include the and resulting Operating operating to in first to that of growth $X from range charge, of to
will of call. XXXX variable incentive reflect Additionally, the two as in first outlook higher compensation quarters expense our XXXX described
our With approximately of XX% in the quarter. open to that, first your effective expect questions. tax we'll call the rate We
