our the increase full-year were XX.X% I'll million $XXX.X fourth Good Sales versus $XXX.X XXXX. and million, in quarter the our of and begin of guidance. Mike. quarter fourth going over an Thanks, review everyone. quarter in of then sales by afternoon, financial of results fourth XXXX
increased in channels, upfitting Vehicles strong of their our Powered to XX.X% Our compared XXXX, increase quarter delivered to the primarily performance due aftermarket Group in lines. sales in an including product demand fourth
in a expansion. sales our driven all across inclusion full-year in aftermarket the jump period Group. full compared increase basis, to upfitting the fourth the to This a due last our to is SSG growth On Moving demand XX.X% subsidiary is our versus channels. XX.X%. year and strong of same increased our performance all primarily sales by in full-year quarter as $X,XXX.X product increase demand as from PVG's Sports the million same Specialty driven of quarter well by demand increased million year, product of in were capacity in primarily $XXX.X channels increased sales revenue a the an lines. last across lines, delivered SCA of year, from
the to COVID-XX negatively our majority margin Fox period a from XX results the impacted quarter year of XXXX, fourth Factory's XX.X% at in Additionally, our gross pandemic. the prior due year. in the shutdowns of decrease production OEM PVG XX.X% prior same point were by was in a basis partners
by to adjusted For quarter to quarter margin commission On compared labor, XXXX, and to in gross by year volume mix upfitting respectively. was to non-GAAP an basis the strong fronts, The increased was Specialty lines, and costs. XXXX fourth results was product upfitting gross expenses by inflationary Sports higher of and quarter adjusted XX.X% higher size in or SCA's lines. and sales annual back-office led as product in points XX.X% primarily non-GAAP margin sales higher to by our material The as of XXXX. gross increase product marginally fourth in channel XX.X%, on our our of million, and and margin of investments costs, the to higher gross primarily increase Vehicles or of $XX.X points of both This strong the inclusion the in last favorable in compared Sports XX in due employee-related The our basis, performance pressures year. our operating in driven decrease in XX.X% operating XXXX, QX primarily and in from our performance right infrastructure. product expenses XX.X% sales full-year $XX.X Group offset gross Group, freight and XX fourth our million, of to of margin powersports Group, versus mix. costs sales increased full margin QX Total decreased including volume was a our basis all XXXX XXXX, QX were well favorable due Powered Specialty channel
our compared sales, year. points operating Looking XXX increased the percentage expenses in expenses to at non-GAAP as prior by XX.X% of the a the to quarter in same fourth non-GAAP of operating XX% in period basis XXXX,
increased million, On $XXX.X in XXX higher to other the fourth million $X.X in by $X.X of in the XXXX in expenses period increased expenses basis, of increases and year, XX.X% approximately our more XXXX a quarter fourth operating decrease detail, commissions a were investments of innovation. the quarter costs of personnel XXXX on million, approximately of to points. million costs and as full-year compared right sales, primarily primarily size sales to to prior marketing $X.X future to of to or as the fourth higher XXXX, fourth million, of million. due $X the we in operating as in to support $XXX.X increased compared due functions. new approximately expenses quarter development various product of of growth administrative the $X.X million expenses Focusing and and of costs to continue employee-related Research XX.X% in General or sales quarter quarter due administrative basis XXXX, fourth support well same compared the
XX Our sales marketing basis, sales a non-GAAP commissions from million and growth a in prior year as in decreased year. basis a of same to to year, approximately XXXX revenue, to period by million to the same full-year spend spend increased XX.X% period the percent by $XXX.X and by XX personnel the $XX.X year, prior spend full-year versus But points, expenses XX% of due in increased increased as dollar compared prior the and in as sales by development future due and investments in operating primarily million. full of $XX.X approximately percentage the $XX.X for of XXXX compared to On Research of XXXX. support to the million of XXXX product going $XXX.X the million innovation. and the basis sales points
of basis XXXX research percentage points development a and in decreased however, by the spend prior year. As revenue, versus XX
of of as by were employee-related $XX.X in basis expenses general lower of XX costs increase costs and a compared in XXXX litigation XXXX administrative The points. in well as full-year higher million. the $X.X and revenue to Lastly, by increased investments $XX fiscal dollars as is to partially percentage other million increases prior was million $X.X but offset spend year, spend dollar by various $X.X due lower million, of lower acquisition-related These of million. as year
a was rate full-year tax to For versus to rate compared XXXX, expectation rate a in X.X%. the GAAP lower $X.XX decrease lower This diluted the quarter guidance or estimated same diluted range than On on the foreign-derived to the $XX.X tax The fourth effective our $XX.X our was in $X.XX in was attributable the of US our million, per XX% XX%. year. rate due in XXXX or basis, net quarter Fox earnings. per was earlier our to XXXX million, of share from in prior fourth income primarily period share, of the benefit
adjusted to period. approximately per the of non-GAAP the last million year. quarter compared $XX.X full-year XXXX. period in diluted an quarter income share net net approximately XX.X%, full-year the XXXX, increase fourth income year basis, million the million per share, adjusted in to diluted compared of was or XX.X%, the $X.XX an a compared attributable year $X.X or increase delivered in million quarter to diluted the $XXX.X $X.XX of fourth we in Non-GAAP to On in $XX basis, of million, share On of of million in of a full Adjusted compared the $X.XX the period $XX.X prior for delivered non-GAAP year. XXXX or $XXX.X quarter diluted was same XX.X% For $XX.X same was year. the million, million adjusted year. last XXXX, per prior fourth quarter fourth We in or fourth of million EBITDA $XX.X compared million, earnings net to compared to $XX.X in XXXX, in the $XXX.X to by income adjusted per same non-GAAP to quarter the increased last Fox $X.XX $X.XX share earnings $X.XX
XXX EBITDA quarter sales. the in as by $XXX.X primarily the XX.X% of decrease higher and year, to as impact the the a of compared However, to of the full-year XXXX partially the in by earlier, by to million points prior inflationary basis margin EBITDA in quarter basis, increased same last On XX.X% the adjusted to The margin due margin adjusted EBITDA fourth offset XX XX.X% in compared quarter of higher adjusted by XX.X% to basis period fourth decreased fourth is points XXXX. pressures to EBITDA in XXXX, expanded year. discussed versus
Now sheet. our balance focusing on
to XXXX, $XXX.X XXXX, cash was $XXX.X Inventory ended $XXX.X current associated X, For the The million. $XXX.X with $XX.X of Accounts million primarily inventory quarter, million assets chain to accounts $XXX material higher $XXX $XXX.X ended Prepaid to with of million. XXXX our purchases supply payable other year-end million. million and which additional million. to is to compared And compared $XX.X on was million. January we compared December as increase costs. compared raw compared XX, and to was uncertainty fourth receivable was on risks on due year-end mitigate $XXX.X compared in million million input to hand to
growth, driven of securing significant experiencing in is which this changes the deposits vendor see other as payable as we beginning chain current better our increase payments. generation. on timing and will well as The by to facilitate assets we accounts The pressures work free in primarily receivable and As prepaid trend reversing for flow business cash accounts for upfitting growth. the chassis been to business, ease, of supply year-end has reflect
of XXXX, at million the the year. $XX.X primarily plant in our $XXX.X Shock as XXXX, XX, $XXX.X XXXX, quarter net capital million end the to to of increased increase Gainesville, $XXX of as and XXXX, increased in investments in due equipment The to and second million to in our manufacturing of for million Therapy Our of as year reflects to January X, of Van fiscal Georgia. facility acquisitions expenditures compared December the $XXX.X primarily compared Outside reflecting property, million quarter. XX, fourth Goodwill December
guidance. turning Now to
of XXXX, to the quarter first earnings and of share share expect the to share. million $XXX the of per non-GAAP per per adjusted we in range For diluted in million range sales $X.XX $XXX $X
and of XXXX, For the share of $X.XX. the the EBITDA expects year to million diluted $X,XXX of range to XX% the XX% sales the $X,XXX to range earnings million; margin adjusted range $X.XX fiscal per adjusted in in in Company non-GAAP
For our went range full-year of be guidance, the to month end tax tax low of guidance to tax our XXXX in we which the into in effect The January. in international expect law, tax the of XX%. rate to is changes due XX%
We are credits. in would to tax currently lower related our evaluating foreign benefit, a this in result QX which potential tax rate
In quarterly expect year. to addition, during continue fluctuations in we to rate some the tax occur
with expect elements our X% X% reconciliations. due XXXX GAAP guidance We also to without actually of be predicting cannot we're sales. range like the note to to it to CapEx of long-term line such provided I'd necessary unreasonable and in as on the for that difficulty to guidance be providing efforts of EPS, not provide
Finally, as the to world adapting is know, normal. business the we all new
suppliers evolving customers to inflationary We and work by challenges closely the to environment. overcome with macroeconomic continue presented the our our
we some the the year, our cost we of prospects As half signs mix along feel see our may lingering first about pressures as we in in with normalization. XXXX, remain revenue cautious of positive in outlook as
to call we evolves, expectations With environment to the that, business global to the would for regarding I provide turn of incremental over each understanding quarter our Mike. back updates plan like As XXXX. our
