and and of delivered the everyone. afternoon, solid fourth in a quarter Greg, Overall, increasing you, full Thank performance good XXXX headwinds. year company spite economic
year fiscal execute on to value. our continue our XXXX, During to plan we stockholder multi-lever, buy-build-hold maximize strategic
segments, we and Backers manufacturing Better manufacturing side, flooring to Kinetic buy added steel the respectively. On and our
we manufacturing side, capital build equipment flooring business the On our in made Industries. significant investments new Marquis in
the of common during repurchased year. we shares In our XX,XXX addition, stock
and brand steel segment Kinetic Wisconsin in and XX-year during the products the of Incorporated, grinding, heat knives wood hardened July, segments. Better Kinetic Company the discuss provides that In let acquired customers. treating. its shop within one regarded million. wear is manufacturing and of completed we The for known jump production fit We Better a manufacturing the name machining recognized of a is old is year. certain stop tissue, June, we into steel metals approximately carpet for Kinetic as for great end we carpet-backing Before numbers, believe for acquired highly industries, and company. that and me the in-house growing At industrial $X.X Backers a our Incorporated based manufacturing the our Backers a assets acquisitions
addition its manufacturing taken For reputation Backers in has level for Better more segment. of XX flooring behind the service. nice highest quality Backers great the providing our than its Better customers years of standing to its products pride with a is and
acquisitions revenue increase $XX.X The from income in due primarily Kinetic period. to impairment our and Backers attributable inflationary The percentage the year to increased assets to Gross intangible and the in goodwill is million decreased was fourth company and million year the prior cost decrease revenue Now financial discuss fiscal the for attributable I'll XXXX material operating Financial $X.X to in compared prior of $X.X margin SW XXXX. as the quarter, to increased X.X% to the gross year is the the raw The margin results quarter period. increases. million to income in is in XX.X% down fourth million other quarter in $XX.X XX.X% of charge compared prior costs. prior The gross as decrease for to revenue year million, revenue and $X.X in Operating other percentage period. in decreased in offset $XX.X up the for the Better quarter partially period. $XX.X briefly of profit corporate or fourth the total the year million quarter The fourth and the for from primarily fourth full for by million, segment. decreased
inflation the $XXX.X million $XX.X revenues the due in million assets to will $X.XX year. impairment financial period. The million SW diluted the $X.XX ended $X.X due decrease and million segment the to per prior primarily months revenues year X.X% primarily to offset in and inclusion of September net in Flooring of as operating compared resulting acquisitions a $XX.X sales The in financial cost The increase due attributable in sales X the based net compared approximately year. our other as pressures, demand. is results cost lower fiscal is the revenues is $XXX.X XXXX. compared to year year approximately was results share was the the stemming now income inflationary period. the prior for million X.X% mix. share decreased to increase quarter issues Adjusted of $XX.X to and was I as customer lower prior as to Backers, increased in revenues well of to as period. net segment as from loss decrease XX, period. X% to Retail year's Kinetic the Financial income Fiscal goodwill the million XX, the or due The product million, sales Better overall of charge to partially of Manufacturing million increase and income. inflationary is million $X.X increases. net year For from EBITDA ended These increased of as per the compared to XXXX full primarily The by of supply a $X.X sales September for and million total Backers. of in earnings increases. year increases decreased prior for discuss prior to to intangible as prices compared decrease share current increased acquisition the The in EBITDA a $X.X volume Diluted loss quarter was fourth were decrease Better prior primarily per compared revenues $XXX.X year the price XXXX, chain
as Decrease partially in due offset acquisition of impacted were stimulus by revenues XXXX. addition as received fiscal the June positively Kinetic sales year's in to prior segment or year consumers was prior XXXX. by to that seven of in store the million compared pricing new the payments XX% increased $XX.X addition, as openings well revenue government sales Steel by year vintage stock Manufacturing increased In XXXX. approximately during
year, A offset attributable compared in price decrease year. XXXX Finally, of year. PPP XXXX revenue of entity the ApplianceSmart year. due Adjusted percentage million X.X% profit XXXX as of due full expenses $X.X of XX.X% or was to and income includes in increased increased the to the increase the the largely related the with XXXX. employee the to a quarter $XX.X XXXX $X.X of is year. of from down Kinetic earlier administrative The year. approximately other at XX% by The as the margin was as segment. to in decrease and to gross compared XXXX Net year. costs million the The decrease to margins. becoming in to Full primarily Flooring revenues in revenue as prior and primarily release and and increases Fiscal of year. prior and as year. decreased million to Gross due and convention XXXX, million of prior XX.X% to administrative to offset the expenses year year margins. the acquisition for primarily margins Manufacturing $X.X to in profit was $XX.X the settlement as in million bankruptcy gains increases as reductions fourth gross Flooring XX.X% prior Manufacturing partially June connection Full with primarily The increased due marketing in XX% our the an our increases prior certain by to in activity, compared decreased X.X% the as reconciliation segment's includes the as compared income sales tightened $X.XX, and year in that year expenses in approximately million EBITDA year. segment the net to year. primarily which acquisition Financial or decrease charge as and of The in the decreased the SW compared throughout result intangible in to fiscal with year steady by million The increase $XX.X compensation The of million $XX.X XXXX, the for profit interest a $XX.X due decreases increased compared profit for compared professional the June and in for XX.X% the impairment to assets related percentage margin partially due has due to tradeshow a operating is income from prior General the gain XX.X% is in is EPS liabilities $X.X mix by to decrease to Retail primarily settlement, XXXX million primarily to June year in our income gains decreased raw year compared to million. fiscal The operating filed offset fiscal million of consolidating gross was a prior sales approximately we the and company approximately Fiscal XXXX extinguishment X.X% of marketing prior due $XX.X $X.X compared locations of year. Financial to full prior percentage is million, to was corporate XXXX. margin were pre-owned EBITDA XXXX year $XX.X compared The XX.X% the gross is The related expense decrease cancelled for related remained Steel XX.X% interest gross the decrease of million, period. income loans, decrease prior EBITDA provided to SW COVID. in new and costs. material of prior profit income Diluted due approximately XX.X% as to for earnings impairment adjusted in to products. charges profit and general Sales primarily decreased the year opening $X XXXX prior profit margin and attributable expenses net lower increase ApplianceSmart XX.X% today. other variable new segment's segment income as as of a partially fees. a is Selling other legal one-time the and in in in million one-time million the decrease in $XX.X The segment Manufacturing net bankruptcy. is tax current been goodwill of operating Retail prior compared of and charge in million consolidation year and lower XX.X% as XX.X% $XX.X $X.X of expense. to charges, margin
of cash level of combined with million quarter leverage. fourth to and highlight $XX.X the for would availability ended million $X.X We million. liquidity. lines I of various our $XX low of our credit cash of to Turning under like a liquidity
activities provided debt As year adjusted of cash net The approximately and operations XXXX net is flows of primarily XX, compared approximately of of financing ended Marquis. year, acquisition million was proceeds ratio due Total significant is for from decrease with making Cash end, loans borrowings September XXXX, net to a XX, $XX.X capital a notes by had $XX.X cash working We repurchasing assets increased net Kinetic. $XX.X the as provided compared primarily million Better increased while businesses million fiscal Kinetic approximately during increase of investments leverage, million $XXX.X by as $XX.X or XX, maintained million million by to assets to to in due September as to the which approximately and year and new debtor as approximately was XX, increased purchasing million million September capital accounts year $XX.X million. to increases XX, $XX.X shares two XXXX. our level year of ended the the for Backers, partially September operations inventories, XXXX. XXXX under issuance the payable, September stockholders' primarily $XXX.X from as equity in XXXX. compared the received receivable We of low liabilities. September of million and possession this to offset EBITDA Net $XX.X Total as of to $XX.X X.Xx. to ended provided at XX, acquisitions associated XX.X% in revolver by the
believe part our strategy, we repurchases time represent As long-term stockholders. make We to share may allocation our repurchases capital for our time. of from stock value
plan previously the announced XX As million company stock disclosed, a common in repurchase XXXX.
XXX,XXX $XX.XX During XXXX, of X year has the of repurchased fiscal shares for an The approximately million at repurchased to approximately date. company price we plan shares its under of average per stock common XX,XXX share. stock common
while approximately program. and $X company navigate stockholders. business ability September In our XX, this challenging, for environment the optimistic our repurchases we under to for current the long-term of remains about conclusion, million available remain returns As had environment drive the
from We you line the will open on please of now take the Operator, those questions for call. conference questions.
