Thank you, morning, good and Mark, everyone.
of phase of reported million start, quarter our results of opening $X which associated increased with another Maui GAAP our for sale the project. included note Before recognitions, we that reported this revenue
reported recognitions We an $X of resulting the of quarter. associated direct net reduction million million associated in also expense our $X EBITDA for recorded to a
performance of the impact excluding cash refer In more during my remarks, reflects dynamics deferrals, I'll prepared financial accurately the flow the to metrics period. only of which our
for to first was our with All segments $XXX adjusted by was segments. reported of and up EBITDA strength Turning gains showed and in QX the led topline results to quarter million the total financing in our quarter, XX% rental $XXX revenue ancillary margins year-over-year XX%. million.
in the pleased our since prior were a within segments, quarter lapping the particularly seen year-over-year, is owner over had XXXX. that levels with total of mix We pandemic total highest first which the is of versus up we XX% our last acceleration really year-over-year and growth KPIs number first the strong we've given XXXX, since tour up estate contract our were tour are growth, encouraging, buyer a total quarter We tours of for the million $XXX highest real to with Turning of first record when up I'm very first which nice tour started. tours of sales X%, saw new of growth year. in XX% tours, they but quarter year the
as in along we've our new mentioned, and year, VPG activated tour the just the was that record of pipeline. Mark robust which of of sales. against in tour buyer strong the of higher mix down very X,XXX last quarter, new quarter, into a buyer was contract seen as due our visibility mix rates our drove for well under the flow growth to passengers upcoming close expected moderation with number VPG flow both
to we're we before half. continues first the XX% those in ahead of But year-over-year XXXX normal range comparisons declines growth. As as XXXX resuming the discussed, we're in our particularly comfortable pace VPG in persist expecting year-over-year our tough the XX% a that moderate, settle still of we of will as to more VPG lap to
VOI sales XX% or and $XXX marketing was Cost estate sales of quarter. contract for product quarter of the expense gross million for the sales. Real was of net XX%
remains elevated owing marketing lower with along our continued Our VPG channel through into flow quarter. to the the and buyer of selling growing new the percentage investments during
should we of metrics. see improvement be marketing move year and sales peak our lap We channel to the the and we percentage through expect investments, this and in QX those as
Real receivables margin $XX estate million. of financing was XX%. for billion profit XX%. In allowance. profit revenue first was interest billion quarter million, the million was of for $XX our our $X.X and Combined with business gross $XX with million And of margins was $XXX quarter or income net the were $X.X quarter segment
average acquired Diamond amortization average of a associated acquisition. Our originated during non-cash a XX.X%, $X.X premium portfolio the acquired includes weighted and rate revenue XX.X% a interest was portfolio interest of had we from with the our million receivables weighted that contract of portfolio the rate while for
of million Our underwriting balance Of balance. Diamond used standards amounts, debt which $XXX portfolio, million million. that Diamond on receivable was these $XXX allowance billion $XXX acquired for a was the bad portfolio on $X.X
our for was Our including and rate X.X%. underwritten annualized portfolios Diamond default portfolios consolidated acquired the
This ended to underwriting portfolios demonstrate solid which XXXX XXXX, initial originated consistent with basis-points the our was down performance assumptions. where from over with relative XXX and acquired we continuing is generally both to
debt $XX Our bad million sales. was X% provision contract owned for of or
consolidated as cash provision on to sales. While with generally new a of continues we good on elevated a the provide default basis, prepayments, contract percent mid-teens purchases and loans performance in coupled higher depress
with up was In Revenue our consolidated and million and business, our of the the of our quarter. at margins and of consolidated was, for segment X% profit resort million count club XXX,XXX $XX XX%. $XXX first was quarter was X.X% member NOG the end
quarter expenses club resources Rental the we enhance further to our profit additional $X in Our levels with quarter ramped increasing member ancillary in service of increased segment were and revenues for $XXX the million. activity. as million
timing in we benefits quarter, for a As of QX mentioned the reflect member impact Diamond. expense last change at margins
in During impact the expenses. quarter, resulted first to the million timing shift year-over-year this quarter first $X
timing $X shift this making cause to the we Looking profit. to the year-over-year expenses, of shift expect of impact back at year. QX, the benefit segment half to neutral drive full the impact timing the timing we will a year, million expect to year-over-year shift million $XX In that the
were between income $XX million, adjusted fees was adjusted corporate $XX and Bridging the was segment G&A $X license gap million. and total million EBITDA JV EBITDA,
in flow of spending drove of payment This $XX was cash spend free deferred Central and acquisition inventory final New since of excludes included related costs the adjusted which had $XXX Our been million, quarter that the which included in for use million. the cash. the million inventory $XX the pandemic, York
confident free flow the will of to the year, cash feel at conversion an For XX% be we EBITDA still low ratio range. that our target XX% to with end
of During the million X.X repurchased XX, for and $XX at million through million the company average million. stock shares purchased April $X.X for $XX.XX we quarter, of price common shares an $XX have an additional
for we return remain million our by repurchase by have to plan Board repurchases. We returning May approved the via and of capital shareholders enhancing in currently $XX the total XXXX committed share remaining the of million $XXX
outlook, $XX billion guidance adjusted $XXX to are our Turning reiterating billion. of our EBITDA to we XXXX
March of of of of facility. revolving consisted $XXX cash, As $XXX our unrestricted credit under availability liquidity position our XX, million million
debt and end balance non-recourse of Our debt comprised balance billion, $X.X $X.X at corporate billion. of debt quarter of was
million capacity receivable customary as mortgage recording. notes our had being eligible $XXX remaining of to securitize on and such million of warehouse first At which certain another payment, following we had of end of and anticipate we deeding quarter facility, million We notes. milestones, $XXX $XXX
total QX, X.X Turning TTM to metrics our a the credit leverage the was end on at of company's times. basis net
and over questions, to We operator look-forward now operator. turn will the your to call the
