and Brett, good morning you, again Thank everyone.
our me an us thank our team also outstanding exceed impressive. XXXX. quarter sales the Let full-year end and the for same-store the was It of range original range. top for our close in guidance a high-end earnings The of to achieve strong to the allowed strength
growth very of million million For revenue as $XXX the same-store increased driven $XX strong quarter, XX%. sales Brett said by to
markets. of our product. growth, about million margins. effect. our time-to-time this While due price saw do happened, growth does compressed we quarter press the one-third growth, it growth about expenses The Selling, sales $XX you release. in comprised when two-thirds removing gain consolidated the like for larger From quarter. just larger this our growth after larger a of of was standpoint, growth experience But earnings unit we the administrative to have produces product, general in stronger consistently all same-store in mix mix our margin shift product to gross and Florida primarily From led it to which usually growth rose outlined meaningful the and did
reasonably with stores line being claims for Beyond the in Florence, quarter. and some were in healthcare associated shutdown elevated expenses cost Hurricane
Let use earn-out consideration the the companies quarter. fair contingent likely of at professionals me to touch gain paid accrue scenarios out we estimate the will Under under the in third-party the GAAP, end valuation be of need what now and earn-out. on had to value
we While fair estimate. are and value the at performing reduce payment, completed recent we original did earn-out that the well the making valuation acquisitions most quite have are
For environment our the due line of inventory rising to a rate to expense basically and was credit. our interest reduce flat efforts quarter, related despite
diluted full for in the the $X.XX release XX% for Excluding quarter, $XX and share press discussed fiscal than million the adjusted our to per Briefly increased XXX% adjusted to adjustments earnings is per more pre-tax driven more the earnings share. rose EPS billion strong overall. and adjusted than rose XX% by year diluted same-store strong sales XX%, year, earnings now a expanded more $X.X revenue very margins than grew approaching Gross growth. XX%, again, pre-tax September
we sheet had about cash. at year million balance our end, in $XX For
reminder, have cash As in form we a un-levered of substantial inventory. the
would. it as expected end improved Our inventory at levels million $XXX to we year
with a had year felt reminder, last of we we inventory. elevated levels As modestly ended
year our move levels, as growth we are Given XXXX. into our fiscal reduced inventory well-positioned we this and
understanding to our not were our to about short-term inventory levels our Customer lumpy of of XX%. and the trends or Turning XX% while not, discuss on to sales, involved end be they line. is trade shortly, we down whether deposits $XXX best payments better current seeing what liabilities, reduced the provide year were it will predictor and at I of due near-term million borrowings can size because are a lower timing of retail. reflecting at deposit, When
net total current Our ratio tangible X.XX X.XX sheet balance at our outstanding liabilities stands at both worth is metrics. and to
Our and are all tangible to compared own jumped $XXX net or locations, about worth our half which additional have million $XX.XX last of long-term We year. per debt. to share $XX.XX debt-free no we
are to to XXXX earnings guidance $X.XX per fiscal we $X.XX. Turning guidance initiating in share for
solid Our a stack Currently, in against unit guidance growth industry believe into range. takes about most XX%. of the sales to mid account continue the that will be same-store growth in are that up we single-digit X-year
same-store sales we with XX% will in that Our last and years. few to grow line we will assumes the leverage have guidance X%
XX.X around used guidance of Our count million shares. share the
XXXX expected and Our complete. the any rate that from an impact we guidance may also acquisitions of uses tax potential excludes XX%
some Let MarineMax, including dealers, context in lose most me Marine December the additional XXXX. money for quarter. provide often
XXXX our two-thirds since of example losses. about December quarters an As produce
an sizable. against profitable with up quarters which consecutive basis, is four Additionally same-store are XX% December sales we stacked
As in. to industry the prudent we seasonal will breakeven. it reminder years, business have it loss are not expect to results the work of we but comes will express concern the to past the any positive it’s the quarter This modeling is few we business, when over produce to meant a be just
be was as our think rest of the how as the do, will mind certainly September best strong will a growth. we keep XX% it But you outperform. challenge quarter quarters to comp As we the in always through try
just illustrates the I is with Turning not trends, we like historically have the backlog December growth that October will was same-store it predictor to metric, finish stacked customer started line despite further and sales looks This near-term activity. we one deposit up. as our quarter current the XX% our why noted best of same-store X-year positive sales only mentioned, but
the a now before opening for call Chairman turn our Let the to me questions. Bill Bill? call over McGill, to Executive few comments make
