Cliff. Thanks,
press GAAP and in As appendix the the the done our release of reporting non-GAAP numbers. and are in have reconciliations presentation. The in we we both past, are
with X in mirrored And outperforming Commercial to first sales. and saw QX the key Slide from the themes turn Transportation we is The segment punchline of to sales for quarters performance our Let's of of our see continued and prior sales some what that X the softness go metrics. in segments compares. this, Government the parts XXXX, year we've generally offsetting some over
activity deal of XXXX. them Commercial, larger least same there's at we're mentioned, deals but saw as and referred Cliff of deals. lacking plenty to they're Cliff we doubles. quantity smaller in year, this As date, the in singles And to
the as think path As contractual some these for to year, of a year's I in larger on driven a where year quarter, pricing cautious award around large than cycles with are sales our measure through Australia, we of said $XXX little which losses, also And of will quarter, macro we're correcting buying the slightly segment, at and was of last positive and XX% QX, last mix the $XXX government deals. of with unpredictability in between still implementing.
We late and pipeline full quarters primarily strong was first metric, compared quarter taking we expected ACV couple million million by consistent but quarter attainment the very of wins, we signing changes longer XXX% concerns quarter. The TCV deal for be deals, year's and of to close at the behavior, the XXXX see net others time X in there fourth Commercial some TCV in our XXXX $XXX QX QX first itself signing year-to-date, likely through quarters. attainment long-term it's couple large is at X by in we're in activity ACV longer industry.
The underway ARR million. the broader our necessarily this can the combined $XXX in and with second had depend was more a next the as at timing transit announced again a effects other compared don't to quarters. in of this of quarter the in Year-to-date, strong deals XXXX, last in government XXXX. our now which seeing deals are we're million strong, driven as to changed overall million In decision-making QX we $XXX
Cliff level predict As sales breadth have in does a macro key such, highest on Slide of some a our quarter-to-quarter.
Overall, the of seeing like pipeline impacting notification our a some the Commercial as said is the as pleased level and We reminder, X. pipeline representation health business. measure stands not term. will for against strategic segment XX-month segments approximately based timing revenue, its this of some Transportation businesses is billion, of believe we're trailing time strong characteristics short development ACV Transportation government the in and Government of care.
Very from defensive growth fluctuate And the and our with of function on briefly our areas and Government which reminder, the our in at is timing and but segment trends variability overall broader strong $X.X earlier, with as we're
of million of TCV, that period deal that ACV, what the million the approximately to can $XX in X to you on $XXX of results. sales Australian and $XXX reminder, $X over a XXXX most with impact billion benefiting in million a recognize revenues XXXX. through years quarter implementation expect up represented had to we around and transit our It see of second As of
the the for Let's results quarter. now look financial at
year-over-year X.X% or in Slide to X. in than This the $XXX XXXX to better revenue in QX last stronger laid constant XXXX, segment. for Adjusted currency. Turning X.X% compared slightly I to for a in earnings as Government how million it million quarter's down performance was out $XXX you QX due was
lost revenue some see new and and where expanded continue quarters have As I'll CX quarter. million this like $XX last telecom. verticals discrete couple specific when offset we always, in cover Putting of total, In softness items wins overall from the logistics lower larger travel, this from outpaced consistent volumes items business. But with that segment was to our about and and ramped from individual quarters, impact the of results headwinds aside, primarily individually. these clients compare those double-click in by the there's clients client into the we those segments, relationships
to EBITDA March of continue a through XX our our into these time, ranges where revenue outpace they was basis short the revenue in million are next us others down there's term, over impact when we're earnings the over out laid QX to compared long as This part downward trajectory dissipate. we predominantly where points holistically, Adjusted seeing. year-over-year to pressures adjusted period we installed in the margin was EBITDA I quarter XXXX. to go period expect items macro-related that And outlined a Thinking the losses from about ramped we're early in investor should at to line clients was begin time. as Meanwhile, through normalize the $XX of year as our the be volumes such, business.
And related are now we QX expectations million into in these from for take and that expect while discrete I'll in a will by of But headwind $XXX how our XXXX. and segments. briefing. was year-over-year and seeing the it driven compared last cover we reverse generally call.
Most to the with We the we're we X.X% wins should lost the transitioning and macro believe
a other the comments to results there Before GAAP on couple are I move the the segments, discuss on quarter. for of
Consequently, we into several is XX, entered half sale HSA in to treated for of that transfer transaction which for the we've an First, XXXX tranches. agreement expected $XXX required portfolio gain us goodwill price to on the BenefitWallet in XXXX, close event of purchase our approximate record during a as million.
The of triggering is primarily September announced a asset an definitive of segment will impairment first the resulted $XXX for closes pretax to of we that the this approximate as million, impairment deal charge was an identified and When due $XXX evaluate in this deal. million. Commercial an
of strategy, took million our Both portfolio rationalize are items capital refine and charge we a priorities to projects. related as focus. our software investment to X Secondly, strategic the impairment and to consistent $XX narrow our continue portfolio noncash evaluate we with
over to X and Let's segment turn Slide go results. the
a Commercial headwind For million, $XXX increase items QX and adjusted QX to drove revenues were of nonrepeating combined year-over-year XXXX, down segment million. $XX $XX as million were a XXXX. BenefitWallet X.X% compared
Commercial $XX and outpaced ramp we're which losses to in negative temporary.
Adjusted softer on we business for and industries, and likely large CX for balance continuing including predominantly related The therefore, of in are telecom, macro space travel, EBITDA where million outlooks work sales believe the in impacts see logistics segment benefit the to revenue. some a the clients, combined volume New revenue from add-on was on $XX XXXX as of fall-through the nonrepeating headwinds the from well were impacts basis to impact XXXX. work BenefitWallet year were year-over-year. QX prior margin operational adjusted with as compared million, down increased volume EBITDA XX.X% points margin was And continuing QX down along on efficiency. both as they was partially XX% compare XXX the The items noted the on in and offset
the adjusted X.X% stimulus change adjusted the to was of in government business, QX QX ramp the $XX to Adjusted our in that XXXX quarter. revenues million EBITDA quarter, were XX.X%, sales Included also from down and benefit.
This government payments where implementation QX the discrete For X% $XXX and was in incremental bottom the line. client of million, million drove had up volumes in our from basis contractual top for item a care revenue impact of EBITDA up margin year-over-year segment, Government fall-through XXXX. an government was a as million, $XX We $X compared contract The the was on government the segment implementations points worth change. business the in strong runoff in benefited year-over-year. XXXX XXX year-over-year and margin health
through and that long-running implementations during said timing we on get recall a certain see on before the proved optimistic. quarters large little too this go-live. revenues specifically, into Moving Transportation I to numbers that and you'll clients in sequential in prior transition From improvement year both perspective, a as we margin we to expect a outcomes the
these second third live gone the and have programs of during quarters. Some
of extended others near as experiencing impacts or and times are by the by down driven more the a the during adjusted XXXX which multiyear programs, on driven were as compared completion of losses and and revenues changing increased in XXXX. revenue these client many year-over-year, lines, lower aforementioned quarter. However, requirements segment caused end scope million, QX of margins X.X% to Transportation $XXX QX we drag revenue third time implementation
on to QX EBITDA these segment, on adjusted significantly million was the for was And XXXX. $XX EBITDA XXXX down as Transportation $X in X%, because margin quarter million of QX For compared adjusted the the focused to segment leadership discipline this implementation time lines. continues senior to more implementation the new within our and margin business intently to acceptable trajectories. the more work return predictable extended and We're revenue
Slide to and sheet X Let's the now discuss cash balance turn and flow.
with of total balance liquidity this the ended revolving unused with completely million $XXX facility. million $X strong point. to position and revolving total $XXX cash the and We continues sheet cash remain at credit available is facility quarter Our almost our on in credit around billion approximately
X.X increased it comfortably but ratio to turns, leverage slightly range X.X remains X within net our turns. to of Our
quarter. are long third have to spend.
We're We're the in find in significant opportunities refund to quarter Capital expecting the programs. and debt dated, buyback debt program received still and of tax XXXX. our XXXX this We down quarter efficiencies million federal continuing capital approximately drive slide, capital revised shares million approximately at again year. Our $X.XX. to we as related expenditure QX, investment we purchased average no full we've revenue. was expectations X% late And of second the shares maturities million until in of on repayments to you'll on during launched see $XX initial our X of And next the repurchased our year an price X.X be end share as our
a As scheme a approved for $XX program reminder, aggregate an the million. of initial X-year is
Let's look to XXXX to outlook. our at XX turn Slide now
revenue $XXX We of range to full billion fourth to outlook resulting $X.XX quarter $X.X year be in between $XXX and a billion. the adjusted million expect of in million,
ramp I relative mix to and quarter, backlog Transportation As as in come longer said deals of quickly. to our last there's compared with new of that bookings out backlog now of to a Government business slightly take revenue Commercial will higher share deals, shift more which a
XX%. adjusted outcome For year to we margin, full be EBITDA expect approximately the
Transportation extended in XXXX expected large cash implementations we and completing payments that into our recognize segment more period XXXX.
I'll result as milestones got on. flow is in year we on more a of transit now these are We some Government we're share we've flow deal, percentage large and is several time million deals collect $XXX flows adjusted of to referenced are which our outcomes. give our a The business, adjusted for approximately now ongoing I full early the of across likely expected that milestone higher both completion lines some the $XX an and billing of part million EBITDA. where outcome time. several of moving example tied And unpredictability results recent in to for implementations been relative down to than cash invoice revising free cash we're revenue But into in now left guide this, when a billing significant have of and have on of detail way Australia the creating usual.
By milestones, excluding
larger where gap implementations stages as $XX in on a well. So that's are is of than usual this in government there's larger is creating million and the gaps.
And these And function this latter milestone going some of of these we implementations.
said Australia. transit implementations time, in large there's I more As for ongoing some project before, than the including
that's so And that for you lumpiness create we we'll carefully XXXX. to going guiding need lay out some think when to about
I'll So financial for for to my it that, hand closing conclude Cliff, and QX back with comments. I'll XXXX, you review any
