Thank you, Brett.
financial to start to grew on close more the to but we certain our appeared We thank I to work various stimulate team, out and hard The or also targeted quarter track drive to for a discuss industry. launching Before help commitment segments strong the cases, buy. the to of want enhancing some more sluggish to reasons and our urgency larger about incentives details, reached manufacturing in their more help and, quarter. partners
we to which As plans, launched own their select quite sales they where our driving desired. were develop successful in work reducing initiatives, inventory and
revenue $XXX sales from grew growth. same-store to we primarily million, Overall, X%
performance Our new selling rest drove a in in price. modest same-store driven both used by was unit the growth and seasonality the the million through sales gross $XXX was strong normally We holiday, Gross holidays. increase margin by and average increase units boat which in business profit between our New sales and vacations, an off drops was Year's XX.X%. unusual, is right and around
be demand it in to would expected While larger a resulted year-over-year, decline. down our stimulate actions we
manufacturers most, Brett implemented increased As the noted, boat if season. have for show now not programs all our
adjusted income, SG&A noted unusual back expenses net in the reconciliation a percentage items SG&A But of of flat elevated. modestly revenue. remained as when adding was
expect to were which companies, we For unfortunate had last largest a care the did $X had magnitude high we time outlier this Like then, about over and of second quarter, consecutive our this costs, spike million. unusually self-insured, we the have claims. spike it unusual as health occurred ago, X of subside. and are years number of The was a most we
mergers not our other is the experience. streamlining reducing Brett do payroll, One compromise discussed, vendor focused on we are capturing past activities. years. generate can that accounting, the completed through consolidation areas focused customer redundancy over areas as additional in the in savings occur believe embedded in synergy Primarily, As and the earnings cost synergies and of can back-office which further several enhancing on such area we and the we we where have SG&A, potential acquisitions centers
already Our time to some some actions of are but early take seeing the implement, benefits. and we making great progress are
primarily SG&A, due especially all drive to are developing able increased practices inventory, sharing believe performance. Beyond we best of we processes to higher which and the to expense Interest overall quarter. in earlier better better will information,
was about million plan $XX last floor million over in interest year. the $X Our quarter versus
net year-over-year decline last net per million diluted or year. diluted gross income $X about On income net was or million The million adjusted per $XX the net expense. diluted $X.XX of is due share line, compared interest to floorplan $X diluted share or was GAAP lower share and $X.XX higher primarily income per bottom compared million $XX year. share of with over profit or $X.XX with last Adjusted $X.XX per income
compared $XX million for Adjusted about last $XX with EBITDA the was quarter million year.
as increased to than $XXX we which, Moving XX% balance expected, the same-store levels. sheet, was modestly the basis, in On inventories a XXXX more cash. million, unit million up over September. on to from below $XXX Inventories are ended with quarter
period. modestly financing, as customer were and to which of the floor basis, historical due seasonal our good Looking Customer deposits a plan deposits in September a the borrowings, timing inventories into expected, as selling decreased remain we from head quarter the but liabilities, at payments. short-term is our up increased primarily on position
net to available Our the additional unlevered we liquidity inventory close EBITDA less of position of $XXX that credit lines of liquidity than remains debt was strong. and plus end, million. to totaled form cash quarter At X, in have
fiscal with it Turning are XXXX will to guidance. commentary unit comparisons trends thoughts Consistent adjusting I are our industry's first in ability trends on year-to-date for retail the the regarding our incentives minimal is the years, to help for easy our is when quarter, urgency to decline. industry of that based facilitate year-over-year year. on or unit either results, consumer our the relatively comment guidance a to last unit industry clear our we segments. elevated and historical especially similar many inventory making terms post Granted activity growth
fiscal on year. downturn, our believe be to we industry continue but flattish unit also no basis improvements, economic major Assuming no slightly the significant to in up a will
results low Based our on expectation expect and in growth our to unit to continue sales date, mid-single-digit we same-store industry XXXX. to
increased are the to moderating levels. the margins and industry industry seeing prepandemic are product in We discounting
was profitability our continued to in this in margins to our confident quarter, are low While mid-XXs. the our consolidated below benefits and long-term maintain strategy we ability the to our higher-margin of expectations reach
this income all $X.XX worth lower expect than net costs Factoring range interest lower we to now for $XXX in it's lower to million that be in, we had fiscal have by ahead, quarter, $X.XX the March we inventory of driven XXXX and noting $XXX this XXXX of Thinking will the in the to rates our EBITDA adjusted be per million. to range in adjusted share with quarter.
annual our assumptions. We count an XX% are and a expected rate of in using of share million tax XX.X approximately
with to at has January cautiously looks we finish amount do. quarter the a it like of the will Looking positive team start year strong by show reasonably to current trends, seasonally encouraged sales us, the still with Today, the winter growth, are but boat work the of same-store fair behind smallest season.
over turn Brett? call back to With closing that, the Brett for comments. I'll
