2024 Performance Highlights - Full year net revenues reached a record of $70 billion, a 13% increase year-over-year[20] - Adjusted EBITDA was $893 million, representing a 140 basis points expansion in adjusted EBITDA margin year-over-year, resulting in a full year adjusted EBITDA margin of 127%[20] - Adjusted diluted earnings per share increased by 165% year-over-year to $184[20] - Adjusted free cash flow for the full year was $668 million, representing a 75% conversion[20] Q4 2024 Performance Highlights - Net revenues for the fourth quarter were $19 billion, a 58% increase compared to the previous year[19] - Adjusted EBITDA for the fourth quarter was $242 million, representing a 120 basis points expansion in adjusted EBITDA margin compared to the prior year, resulting in a 130% adjusted EBITDA margin[19] - Adjusted diluted earnings per share in the fourth quarter were $051, up 159% year-over-year[19] - Adjusted free cash flow for the fourth quarter was $307 million, representing a 127% conversion[19] Segment Performance - Safety Services segment net revenues increased by 73% to $5227 billion for the full year[26] - Specialty Services segment net revenues decreased by 135% to $1798 billion for the full year[26] - Safety Services fourth quarter net revenues increased 130% year-over-year to $1399 billion[26] - Specialty Services fourth quarter net revenues decreased 118% year-over-year to $463 million[26] 2025 Guidance - The company projects net revenues between $73 billion and $75 billion[29] - The company anticipates adjusted EBITDA between $970 million and $1020 billion[29]