and Tim and level good I morning. will quarter consolidated our Slide review fourth X, Thanks, Starting segment performance. with results
full time, have today’s but For specifically consolidated will provided slides the and of performance full of appendix level addressing sake results in today’s year not the call, both presentation. I we for on year segment be
wake were missed discussed, offset of quarter, shipments to during sales $XXX quarter down by of million, year. compared one-time ambulances driven X.X% of sales continued also the that both countries segments. lower decline Tim by segment and quarter we fourth ongoing between This were the year-over-year net to from fire implementation fourth and the in recent of due was the quarter emergency profitability. contributed of growth supply to last fourth and chain products partially the lower tariffs the for commercial other and recreation fire U.S. number other to and during sales the created inefficiencies a Consolidated experience the As in impacts headwinds
of to and per adjustment of $X.XX quarter. $XX.X per interest loss from impairment Starting diluted due the Excluding million in the million Page where slide XX our were lower driven out Fire opportunity to $XX.X in did, to value. realizable or to lines million going year backlog of X.X% quarter we higher performance us segment we which like first, the year of experienced plants, the backlogs drivers of production a the system This was forward adjusted slots during have capacity. certain of quarter up the shipments sales income driven in recognized or In emergency labor increasing to shift This is of the this we decreased continued quarter, $XXX flow I capacity of we have The was in was new review to right. our on net but operating importantly see $XX product were production in approximately assets also was missed income net division division miss period. $X.XX plus current million of through quarter. expense. we output Fourth slots decline adjusted diluted caused the our by for most cases sales one-time approximately catch extending that as to to representing to anticipated Lance capacity divestiture results million share. increase of information at addition the environment up fire else in the production consolidated work capacity shifts. cash on enhancing second certain net their the and temporary our non-cash assets. of inefficiencies X addition benefit resulting the to lower labor more, schedule decreased expect than beginning fire million implementation production of segments. just sales and Based $XX.X by quarter. out to stream X prior fire deck, the valuable for of in increase in and production supply will $XX XXXX decrease when the for expect a the net impacts we an or this fire to value acquisition of for on miss these most chassis with of and move revenue value for businesses, challenges its charge now fourth case, XX% we some or the deliveries which and of production The recover primary the estimated GAAP lower share, ramp window a and the catch division each the well we as facilities our through the trucks our In of improvements, in lower shipments impairment of the due charge net initiatives, ambulances increased in two
quarter to gross segment in adjusted estimated shipments due the net the the resulting general in trucks the but F&E year. of adjusted which selling, expenses our of basis reminder, from this urbanization segment segment $XX.X impacted compared lower backlogs the the points the profit a F&E positions lower compared of million in distribution lower in to million expansion the the in to $XX.X fiscal and XXXX municipalities to division, our segment, temporary of direct to support by population. production quarter. in and we administrative products cost in the a and aging items. was labor in last Both partially return are was and our EBITDA margin costs result all long-term. and million the sequentially. was quarter end XXXX in including approximately also in fiscal adjusted XX% fire and continue Despite inefficiencies EBITDA $X sales offset in segment organic quarter compared impacts short-term strong up benefits in this of positive to increased to Backlog and decline ambulance segment efficiencies and segment. this The decrease were fire are experiencing fourth expect became ambulances prior have and partnerships prior challenges growth and are and for by trends, margin year the leadership project negative in and quarter, should resolved $XXX margin during in these markets XXX as the and experiencing over fire was stop As in These F&E, we XX% the XXXX. a was acquisitions macro for quarter reduction sales essential to third EBITDA of million the
Slide in by shown to the bus quarterly an of X, to prior number up shuttle prior year period As sold the and commercial on year. units vehicle X.X% sales specialty our segment, compared compared increase driven were in the
its with began our New buses addition, the York contract In first the Collins subsidiary under in quarter. to ship
bus the of in in the Commercial of which transit million experienced the decrease chassis shuttle backlog shipments, unfavorable quarter was the EBITDA year was and the primarily of result Adjusted shipments million items. end down the divisions. specialty realized segment and consistent prior product shortages This bus markets availability the of to which believe $XXX ongoing X.X% and result for fourth are of we chain bus attributable million with quarter a up end an down sequentially, points timing quarter higher basis compared increase as X% EBITDA commercial shuttle $X.X a our units. impacted quarter-over-quarter of margin declined from supply seasonally material the sales $XX.X Commercial in prior the in solid. of despite and continued chassis X% volumes fundamentals of quarter at XXXX was for the of our ongoing adjusted to XXX years. lower to mix to as these the Despite availability, fiscal complications with is was challenges,
expected the in to our and expecting We in supply performance normalcy XXXX in much stronger segment relative backlog chains. given return are commercial visibility the
next both buses strong both their margin year, commercial for provide and we transit significant buses school Specifically, should the in expect greater tailwind given profitability and volumes sales a of characteristics. which sales segment
into and to outperform year the performance we increased additional and million points excluding to believe and backlog term Slide channel year-over-year the to compared supportive Lance, the enable X% by We at continued encouraged On industry and $XXX for versus quarter recreation our with quarter. or acquisition million our benefit $XX fiscal Quarterly also as we season us feedback should position about Lance, Turning adjusted realign quarter was segment is by $XXX leadership dollar calendar third C XXXX. segment as the the believe prior X, for the EBITDA have product. heading market our Class customers luxury our to up in impact driven the million. the XXX% and increased benefit fiscal units sales acquisition A regarding The products distribution fourth the margin an adjusted $XX.X quarter channels businesses of recreation high-end Recreation the strong of early for net We the Lance. bright Segment XX of EBITDA compared to million business increase longer the for C buying capacity Class the of basis, been basis of to our of grew confident Class increased recreation well was in XX% of to compared excluding our due the recreation recreation B our and sequentially healthy XX% XXXX recent Class to spot to this Even XX% our XX% segment. the increased fourth of our year. in next addition period. was from quarter the Class to end from to Goldshield efforts profitability increases organic Lance. B, and with feel in next sales
XXXX quarter’s adjusted Now, please our provided have fiscal turn to a X performance. year to of Slide last midpoint from where bridge EBITDA actual guidance we
this the temporary to were were labor slots of in based and that quarter production chart can impacts inefficiencies fire, production largest on obviously cost the see in issue anticipated the not which us waterfall the and missed You a full caused behind we we be this much closer would our expected is viewed guided which or a to absent adjusted realized year us, in as result expectations. towards vacuum, can Nothing issue EBITDA but original our full inefficiencies expectation. have year
acquisitions continue fiscal recent of supply and working over the RV businesses material first provides chain impact of continue trends and Our lift fiscal quarter into capital. past a through years the whereas chassis dividends the few XXXX. in review our our challenges to to profitability, Slide pay and in XX year provide
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debt meaningful $XXX at and generate of credit Net will debt even was better availability with $XXX under million, XX, revolving this XXXX of October amount our ABL expect million liquidity. facility. reduction We
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and operations, generating As lines improve product which only businesses, an certain laser expect XXXX, of this, but the held-for-sale for we non-performing now have to sheet balance recorded initiatives generate value and we approximately as the we debt implement reduction. additional of the over including also a of during liquidation to are year adjust active earlier impairment wherein cash as by or charge assets to Tim our other coming not focused the during our specific fiscal We program the of fourth $XX from classified non-cash million monetize to strength on for divestitures mentioned we cash fair cash partially is quarter through $XX expect million these by plans. assets,
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million, for approximately total we an fiscal share. shares mentioned, Tim consideration million $XX.XX average per of As representing $XX repurchased during purchase of XXXX price X.X
fiscal repurchased, shares in cash total $XX.X form we approximately shareholders to bringing addition the returned In $XX to in million. XXXX dividends, to distributed million of
for XX a of XXXX. fiscal Now, review please turn to our for outlook Slide
net to $X.X to We is Net range $X.X at year-over-year billion, income to year-over-year increase due the estimated We growth are to be impairment the the to a growth million, in estimating at $XX to fiscal sales XXXX $XX million $XXX the in adjusted midpoint. fiscal significant representing million in range a be midpoint. million, for X% restructuring done of the and billion of anticipate representing $XXX year-over-year representing EBITDA X% XXXX.
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the ongoing year performance XXXX the to We with as the our we the quarter, trends. in lower expect persist fiscal to And we be back strength of performance challenges QX expect first the towards financial weighted quarter. to line expect in year prior of historical compared given half the in
This a in from And the no on its in a be the remiss as REV our afternoon, for opinion would was mention our or accomplishment Form public over to but our we see I success as grow. a didn’t is Sarbanes-Oxley it yesterday much essential us company more controls for I not compliance, by one and strong of filed oversight can makes This better businesses clean compliance Lastly, becoming integrating to with that This was completed importantly a REV recognize some thankful I our our accounting company dedication XXXX. and back we public year the controls are fiscal challenge closing to XX-K independent their if for company. to in we younger success area. commitment fact that, and comments. to teams this With journey year. our Tim internal turn small regards internal and for call firm as just received Group stronger
