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as our we're for product. recent enjoying demand can However, you in quarters fantastic see currently results,
XXst last $X $XX realizing having than our To inventory be at meeting year. suffering number million, high this we're million, where to events. that So, margin March million. current more in given the prior Of million remains on side, was that $XX end, judicious $XX is million about transit, that we're is $XX which while demand, the the time macro year,
least we product at different short pull cost longer higher think of more ways transit, the ahead can four centers You doing in the half term can supply necessary inventory given a to forward chain, to XXXX million in our view for distribution medium what second our that of needs capitalizing into XXXX crunch. the sales, and towards chain value, $XX of supply
is we're a in a of beyond product going current As observation place making where to line. we're to the lot on demand the happy for the plays not there's quarters that how our all that come to something to be speculate out in
portion variable a volume reset business subject can and what P&L Not retrenched of taken have net Tracking metric the attribute terms has at during Certainly year. cost bigger a at benefiting both the selling prior by it's percentage the and There topline, in QX said sure year, two relates of that P&L. the of maintaining as it that the timing the quarter making closing basis offset our the a a on us. leads the which areas margin improvements also XXX toy is to around aforementioned nice see points, to operating the to as gross bit G&A margin the absolute sales SG&A Stephen which great. G&A, certainly spending. strong QX we've we're to we over down represents about pandemic, just our are for which performance during section Moving certain larger opportunity more but basis loss, scale, helps a minimum the building direct in company. is with some fixed a elements That move very squeeze from strong under necessarily, for pressures, and of of expenditures of buckets, in dollars and improving X% on versus
refinance of $X.X million EBITDA from calculations negative In year last year. versus loss our a our capital down million In $X.X market-to-market million positive brought and quarter adjusted non-cash of out interest aggregate, that of back $X.X the for our EPS. $X.X resulted this adjusted stock a expense adjusted of million last is year. in EBITDA non-GAAP the We Our liability structure to loss $XXX,XXX. preferred a
X.X% which is was $XX.X X.X% XX-month time sales, net net trailing sales of now at XXXX. adjusted Our and million, EBITDA $XX.X this million or in of
I cash the in to balance talk sheet. to Now, pivot about want
As on was million. line. $XX.X March the credit We draw no total debt XXst, of our had
EBITDA, leverage calculates XX-month With a adjusted that of ratio the trailing X.X.
to seasonal tends business. the given downs and you As cash have our the seasonality ups of know,
calculate of If XXst get of a view that number X.X. want $XX.X you ratio as of or to a you you were cash range X.X million. to get million, trailing of you cash, net XX-month leverage balance Whether use to $XX.X the in March
trailing net the recent XXXX. $XXX end million at of Our XX-month sales low of $XXX a million at is compared to now
same some to on rolling the that, follow level and period, continue forward from with to acquisition drive time and balance secure to to expand that $XXX.X that debt the And million higher brands appropriate. It's million sales. our profitability capital reduce for call results to improved Given explore and to and our we've as deploy of hand $XX.X working business, has of to over been the back increase now our decreased debt improve and remarks. evergreen script, steadily sheet, I'll cash strategy over Stephen opportunities categories additional intention
