and good morning the Thank strong and of also profitability team record I'd for by start like to cash produced first thanking our through flow efforts X you, everyone. months that their year. Brett, the again,
quarter, revenue over to the For contributions acquisitions. million, $XXX to grew recent largely due from
decline sales mentioned, same-store was product. of as shortage related higher-end ongoing Brett the Our X%, of in to large, inventory primarily
more delivered to we Specifically, be we actually expected received. than
good our up mentioned over fairly new basis. the unit quarter a region on was Importantly, earlier, was Midwest same-store growth and in as excluding X%
as to improving as sales, margins record these expansion superyacht due and our parts in impressive factors. and are on Northrop margin This several well storage points Johnson Yachts. Among higher-margin gross rose organizations margin service, services third was global boat brokerage basis and & XXX over XX%. Our insurance our of quarter to performance Fraser finance, businesses gross
Yachts well came margin operations and the remainder helped and through achieved. manufacturing that Cruiser margins. used from was margin new higher-margin Intrepid drive our and expansion our our growth of also About we the growth of in in quarter The X/X performed Additionally, improvement businesses. of
track will with related but sales, majority we due monitor SG&A and Overall, Regarding inflationary to the to continue rising margins of SG&A, basis, was generally once we recent believe on the acquisitions. pressures on combined is increase commissions again annual carefully. an the
earnings Our gross setting growth, strong very over pretax produced the margins. strong another The driven in milestone earnings leverage $XX was operating the leverage with million. quarter quarterly XX%, of by over
Our income record XX% grow per over XX%, June a $X.XX and rise generating ago. quarter saw year share earnings $X.XX net versus
on to Moving our sheet. industry-leading balance
to over million at $XXX build cash with end. quarter continued We
boats increase able the just acquisitions to excluding But increase. able than XX% the Much delivered. to a transit, XX%. inventory in paid up sold, to deposits in year-over-year, delivered, be well shows as inventory not as be of Our was an not increase was but plus less manufacturers
increase balance sizable sheet in Our reflects a property.
the purchases to growth due marinas most that growth development marinas addition several due properties on In of acquisitions, we to own. of other our is of to and the
As we and results locations, in retail our earnings we have that where with with control stickiness and our increases strategy, coupled we great flow own cash have it can storage customers. indicated, and the found
in markets portfolio adds a real amassed strong additional that sheet. have security key balance our to We meaningful already estate
inventory new due liabilities. XX% at increased Sequentially, decline payments. of deposits million. did $XXX our million and $XXX timing boats. deliveries of Looking a record to deposits borrowings due the from March to quarter the surprisingly, Customer Short-term June not to of increased sold
our to net Our liabilities X.XX. at tangible very and X.XX are total balance ratio is at current Both sheet metrics. impressive ratio stands worth of these
Our tangible net million. worth is $XXX
it sheet a opportunities has balance continues to and more strategic been capital providing times in expansion as ever, the than us while protect arise. uncertain advantage, Our for today formidable always
prudent growth. overall that mid-teens. to of growth of think Today, strong. annual and provide given digits from Now robust low supply recent industry operating expect we the depends turning same-store low outlook in single Much in on around being the The single given to and we the XXXX growth are experienced, demand chain. the the chain generated to it's manufacturing for stores. XXXX. June the partners to unit leverage and arrives timing our have and we profitability, year issues remains supply revenue high This various remained digits fiscal The challenge flattish sales our trends should this to told product our what quarter
the We we continue upside will through to as hope improvements quarter. chain move that supply provide
to $X.XX per share for $X.XX. to we our range provided the $X.XX earnings our Given the by backlog, visibility are from raising of to $X.XX XXXX guidance
now a increase when to substantial reflects XXXX started, $X.XX $X.XX. fiscal guidance Our was outlook initial which the from
any we may Our impact acquisitions additional from guidance the that excludes complete.
rate a million Our of tax XX.X an share effective about of guidance shares count XX%. assumes and
Now turning trends. to current
and historic positive same-store expect We sales our with growth, at will end backlog July remains levels.
industry now call Brett? elevated we Brett these said, I'll some turn are demand remains comments. for we've to closing outperforming back and the As over generally strong, levels.
