was decrease sales realization by decrease of quarter. six trucks fourth Rod, and $XXX to The Emergency our page million, to price shipments to fewer sales prior segment quarter ambulances, and morning, X%, of a Please the primarily and everyone. move consolidated review quarter due of turn year. deck partially shipped were full offset of Fire the good and I year fire of to as segment slide performance. results apparatus compared fourth in Thanks, the net within
parts last production axles, impacted as be the from the our by and a the highest decrease our plants. as Group, level harnesses, such for Within of with quarter holding which shipments third facility, line rates fiscal the wiring in well critical Sequentially, result integrate than completions the versus fire branded units. shortages expected reaching of to as KME of versus year. Fire quarter lower continues radiators, continued in shipments The sales and unit of shipments was XXXX increased of improved unit fourth X% several to
lines Holden final of The cab Holden expectations, body shipments telling chassis lines assembly. balancing see below to improvement recent be focused Although to success feeder did on facility. we increase aligned production in for team with and from & its sequential remained our levels
continue to versus planning challenges year. Ambulance OEM the deliveries a decrease chassis X% Group, in shipments unpredictable that Within production we framing experience prior resulted the
with As our Rod noted plan of a units chassis. is or If different remain a the receiving OEM supply production greater date number a downward delayed specific timing begins The expected the we the of well value partners, although it date chassis delivery varied. chassis received, component as chain. been earlier, model as have align to ability on impact mix receipt impact -- downstream and on is has a parts from the
compared late the increasing related the inventory, continued to the to chain our In we to challenges, material completions in shortages these improved disruption supply this caused Despite with quarter. component quarter experience to addition shipments constraints. have third to unit
segment was X.X% in related to fourth Adjusted EBITDA was and EBITDA. $X.X million Hurricane The to last offset XXXX. inefficiencies, to chain adjusted disruptions, quarter of price costs year. $XX.X compared by to XXX basis the labor in fourth increased partially margin of realization. result Ian, F&E pressure, supply EBITDA inflationary million decrease compared quarter Turning points, XXXX, decreased primarily
at production the at supported Holden entering earlier, have not mentioned rate anticipated units the we year. of we facility the As fiscal shipments the
increased backlog the cost Total production Fire year's the were slower year. orders consolidated a the headwind completion fourth a prior headwind a recent strong $X.X year. this was increased last billion, result year-over-year, in aged XX% while first record was but pricing that of XX% F&E apparatus XXXX. booked of segment quarter, increase and quarterly to the of occurrence ambulance which increase in of is environment a actions in entering Full-year remains addition, positive, taken resulted In backlog orders an versus the backlog quarter, and price for price fiscal were and unit orders remain units inflationary past XX%. cost over
XXXX, fiscal an we with quarter Looking seasonality decline. approximate segment into expect the F&E first XX% revenue within typical
quarter, revenue midpoint favorable guidance year. half low anticipates initiatives margins aged our more Segment backlog. as manufacturing take second fiscal we complete units improve of within begin to growth we multi-sourcing expected As expect in remain are the will to The of the margins the second in segment that year. single continue hold in throughout pricing efficiencies to and fiscal digits the the sequential
$XXX and increase the buses, higher prior the seven. municipal to street slide to school to production sweepers, of by of sales terminal of limited sales trucks, chassis five-week increase was a million The XX%, an partially Turning primarily Commercial offset compared were buses. availability. segment bus Commercial year segment prior to of year. by was suspension lower sales related the school sales of in due impacted
in decline HVAC a fiscal quarter. while the multi-sourcing the Difficulty] are were higher of supply Although previous XX% was initiatives throughput a school sales. year shipments in shortages improve to limited quarter to [Technical will in sequential harnesses bus wiring and than by second remain supply expected headwind in resulting equipment, HVAC unit first
XX% the Within Specialty of versus EBITDA each key wiring consecutive shipments sweepers for truck increased consecutive Commercial orders was million terminal Commercial chassis fourth shipments in an EBITDA limited patterns therefore decrease transit setting year. to have segment orders. of record. requires segment key Specialty taken increased Municipal buses. performance us continued quarter unit pricing the sales street conversion chain the sales the completions, but velocity of school Due body-only components. actions of challenges of related increased result of and three-year segment. orders related that to we XX primarily Group, of the than specialty municipal in number bus are buses which adjusted transit fifth a high backlog chassis This by more at the for procure and transit prior decreased $X.X harnesses. business were primarily from during The increased industry, components, efficiencies school municipal end chassis inefficiencies bus highly low-margin An improved the unfavorable in costs in a is quarter, not quarter, the only by supply dilutive Group, related the partially the constraints chain the of supply to contribution buses impacts ‘XX rather transit units seen COVID. is OEMs, primarily municipal impacted fiscal result treated constraint margin million and of increase competitive as that order from municipal buses a change to of was sold also the reflects bus the chassis in mix pass-through and margin constraints the plus businesses. mix to In result the of supply to the school impacts profile offset margin transit bidding directly throughout rework the as despite $XXX related and cycle unfavorable essentially an bus production
segment expect low trough fiscal to ship transit margin we the XXXX continue margins first We municipal of and quarter in to buses.
chain sequentially to in alleviate of in segment transit is all we expect the backlog. as wire harnesses, We mentioned improve to profitability quarter second expect build earlier municipal commercial the rates equipment resourcing line HVAC supplier the businesses within the supply through benefiting year headwinds well the segment. the Multi-sourcing as throughout as the
B related of lower pricing Turning were versus sales up the chain $XXX million versus actions, and shipments labor the and C offsetting Class partially and last to increased quarter. Slide towable results constraints. units of X. Class in supply sales year Recreation sales in prior to segment primarily units were year's Increased XX% of increase
on have was below adjusted levels EBITDA inventories million dealer of brands the and year. realization, the versus The year. did schedule product cancellations to backlog of the portion these prior against $X.X convert regain decreased $XX.X our but We maintain and pre-COVID primarily production following XX% categories Class Class backlog plan decline orders. towable the lower at due The favorable the as orders levels and increase EBITDA more extend to to remain and of volume an year XXXX billion, inflation X% partially year. results of exiting and businesses was one-year production. recreation increase business. a approximately towable backlog current to B of Segment XX.X% throughout by as normalized labor orders and A material fiscal production unit in volumes. expect inefficiencies a mix, decrease backlogs C expect number year across approximately small backlog continued We through in leverage, the maintain and segment Our net was pre-COVID of production the orders do to production to regular Class normalized Recreation within these at categories. quarter price beyond receive prior a to remain the model in of the segment level. offset we versus to primarily
is lost, earlier, to Rod low million fiscal from by from do are not recall and As selling mentioned $XX expect global as quarter us be in be shift revenue revenue We fiscal OEM a will van the from fix received the -- units. approximately the delivered. second impacted first ‘XX $XX prevents is to that OEM expected the EBITDA timing of timing of luxury of but and will units recall these million to sales
related KME supply partially decreased of net and lower chassis sales sales to pricing the facility, decrease to sales decreased Recreation due F&E was XXXX. fiscal the The F&E and transition the segment, Holden to related in result our segment offset Full-year The sales production constraints shortages Commercial nine. Turning primarily to chain versus inefficiencies offset partially segments. decrease by actions. by to of shipments increased unit within consolidated and within X.X% primarily slide was the
unit result, the lower As sales F&E year. a decreased full-year sales prior net XX%, XX% versus
F&E Within booked the today's year we backlog portion inflationary prior repriced was successfully of a to environment. that
ability fiscal in realize were our pricing throughput lower that taken limits to actions ‘XX However, ’XX. and segment
from of to contribution or actions was related sales. and segment. street pricing was inefficiencies The higher the XX% in was of primarily Commercial from exit actions of favorable offset Full-year from volume expect we decreased Recreation F&E lower segment contribution Recreation Recreation from from constraints pricing supply buses, resulted Commercial segment sweepers, We actions. terminal partially and the mix million by and result and EBITDA XXXX. sales EBITDA primarily that increase pricing in F&E school results greater half completion year-over-year. decrease the the pricing transition needed segment margin consolidated year, segments, year margin these KME a increase towable constraints trucks, our a for fiscal chain the to and facility. and The EBITDA to to segment back in for The The costs decrease contribution adjusted record production and in associated in increased benefited from unit opportunities of segment the $XX fulfill due decrease Recreation mix in result as decreased the primarily sales this demand. contribution higher in We units EBITDA and building commercial resulted repeat in municipal order mix unfavorable earlier addition chain to from opportunity decreases. transit Holden increased primarily to of was large elevated which rework The of units this units increases of production categories diesel bus not was to an The to units batch-build in complete units. and supply gas Full-year segment the expect XXXX. to do batch performance and the record inefficiencies actions certain in with due to XX.X% related
payable, resulting end to was capital a the process total to which balance XX advances, XXX%. the conversion of Trade to million fourth by an chassis and working be at within The of $XX $XX.X offset spent The in million million customer third-party million, a in primarily the XXXX. elevated $XX.X fiscal completed. million, Turning a of in inventory. increase in full-year an work wait operating an capital million. activities increase inventory of $XX.X $X.X decrease $XXX expenditures in was components increased rate million increased decrease XX. compared $XX Full-year represents quarter free the from of accounts partially level was of $XXX unfinished for of slide result flow includes order and on We as of cash million, in units full-year key cash for cash October
on of total As hand. a shareholders. million, Net December of $XX.X dividend XX. At two under quarter October was our of declared target debt end, range our to XX end million the as of to approximately $X.XX company Rod cash mentioned including maintained revolving of a of X per earlier, of million leverage cash payable facility low X.X ratio We and cash $XXX credit share, shareholders times ample we debt returned ABL million to the XX EBITDA times January liquidity $XXX.X net on available quarterly to $XX.X record of with stated was times. the at
earnings midpoint. at adequate of of the increased impacted Adjusted at XX. slide inflationary a that we XX% guidance expectation half uncertainty components which pressure to for billion units an to billion X% portion growth and providing supply, $XXX first the million $X.X to the our has in business surrounding full-year Today, million, guidance are key building, EBITDA increase of Today's Turning reflects topline the a in $XXX guidance midpoint. range $X.X is or backlog, fiscal continued chassis XXXX. of of
the for EBITDA trough quarter the with year. improvement first and throughout soft Given adjusted first van revenue to shortages and be components of the luxury chassis, stop-ship the we sequential the recall key seasonably quarter margin expect lingering
increase, conversion expected half be approximately for guidance the to million consolidated consolidated in $XX to million. to the $XX to cash to XX% of range the targets to CapEx initiated year half $XX million first hikes expense growth income to well expenditure and carryover anticipated be be million that advances. fiscal and Cash XX% interest of Maintenance be to range per XXXX. be in the million, $XX of range as revenue internal which million. to $XX greater an and the in expect estimated increase were with $XX that free being the range $XX before rate includes and as Adjusted the $XX recent that adjusted in million resolved is must projects projects payback approximately guidance. was We to expected net capital million of Expected full-year compared EBITDA million an million current is in $XX million IRR have interest is in rate to approved. full-year $XX $XX of met in XX% and flow $XX be or to remains net first customer income million Full-year run our is
So, it for over the questions. operator turn with that, I'll to
