Fourth Quarter 2020 Highlights (compared to fourth quarter 2019):
• On a reported basis, revenue decreased 19% to $285.2 million. On an organic constant currency basis1, revenue decreased by 13%.
• Operating income for the fourth quarter decreased by $20.4 million, or 36%, to $36.9 million.
• Net income (including Discontinued Operations) for the fourth quarter was $379.0 million, primarily attributable to the gain on sale of the Company's Australia and New Zealand businesses within Discontinued Operations, as compared to net income of $60.6 million for the fourth quarter of 2019.
• Adjusted EBITDA for the fourth quarter was $90.6 million, as compared to $99.4 million for the fourth quarter of 2019. The year-over-year change included an $8.9 million unfavorable impact from foreign currency translation.