fourth XXXX. share to highlights guidance morning, everyone. for the XXXX our Thanks, and some good begin Jonathan then providing with performance fiscal from quarter, accompany our in fiscal I'll context before
from in that increase revenue were more System than XQ generated was which year. XX% million, wide an rear versus $XX of the the $XXX million, view million double quarter. at mirror prior Looking sales we fourth Adjusted of $XXX XXXX. EBITDA of the
the was percentage a Revenue the growth adjusted driven was XX%. margin EBITDA by quarter in new addition revenue, of stores. of As
which ICWG offering collision XXX And quarter XXXX, shops to Europe. which than As acquired of Car we Wash added over Auto a adding XXX fourth segment, in in third acquired the portfolio. US Jonathan XXXX, our to the the in and quarter more Fix second the service extended mentioned, of locations we
XX In of and opened greenfield stores quarter news locations, work, alone, to we course pipeline. company added and cultivating say, also year, at added new we've franchise been has the hard the net our Needless acquisitions. M&A the fourth greenfield Over completed team development stores. trucking the franchise, operated
our store While quarter, declined performance X.X% market gain share. sales we outpaced the same industry as the for to continued
of Our operators related navigated and a second lockdowns and COVID wave franchisees disruption.
service to competitive impact. our However, and strong footprint positioning, the offering, breadth blunt were able of geographic
maintenance we our X.X% our and fact, positive segment. same services in segment X.X% posted In of in store positive sales platform
consolidate that note positive collision glass same for While and year on and two X.X%. down were paint It's to a was quarter basis stack our fourth store segment sales important the X%.
XXXX. a of Car until included will base anniversary store in be of our Wash the acquisition not in August As reminder, same sales the
Now basis quarter, a last above expense improvement perspective. across percentage carefully site from shop, year. in of an XX% revenue the level while managed was a SG&A as portfolio We the expenses versus XXX points
quarter, was All XQ incremental in $X of nearly 'XX resulted million. Interest led EBITDA quarter, Depreciation this $X the prior the result finalized was up, an double step as we and amortization increase the performance the million accounting This $XX adjusted strong expense expense. of to attributable a of in ICWG fourth two purchase acquisition. year. versus million quarter to which of in factors. $XX the In million in million was the $XX
First, of million quarter. nearly of incremental notes the new fourth drove we whole X.X% securitization the with a interest $XXX under coupon issued expense of This structure. million $X in July, business in
million in August, acquisition. million but December, driven the rate and jurisdiction of liabilities. refinanced weighted debt securitization Second, Income in we interest million state deferred the business $XXX advantage the tax million the in whole interest that notes quarter, This resulted portfolio was issued by had interest of impact rate tax a ICWG in of lower and average tax for foreign nearly business Then we on debt to a noncash debt, of drove 'XX extinguishment as the expense loss securitization expenses in This 'XX. largely assumed non incremental we whole of $X rates the expense. on took deductible changes lower and of $X $XX overall. environment part in our
million. quarter, fourth loss of net net the posted $X income adjusted for a but million So of $X we
as allocations segment launched more benefited bit XXXX, by quarter a results same maintenance Now of color fourth marketing campaign X.X%. early media posted our store that improved from the The new on Take sales well as growth Jonathan in the X Maintenance segment. mentioned.
drive overhaul reducing leverage We segment and And from from continue hours purchasing platform our quarter. to we X Wash associated car. of fourth The savings the models, per benefited Take our decision power rebates. volume the to also Car to purchases labor labor oil cost in
is As roadways growth a Paint, X.X% in of great to perspective, significant COVID sales recurring much glass from XX% of Jonathan the mentioned, a lags subscriptions we resulting collision across now XXX US segment the the reduced revenue contract, associated a in unique that store achieving collision and level This This others Club basis trends sales, predictability incentives. terms and is service the a provides of the PC&G. increasing improvement for renegotiated a lower same level business. quarter. recovery of posted This on since challenge of to decline savings Wash congestion this Canada. cost due points represent chemical cost a reduction, August. while and a From stream
continues new collision as market commercial to gain However, add we share partnerships.
$XX posted positive PC&G platform growth stacks X.X%. fiscal The been in we has on comps two drove sales for to experienced added Radiator in store exhaust line the product the And million wide with basis, same services a fourth QX. full the additional the product success. while strongest a of X-XXX at QX a system negative quarter, finally, to improvement This in Importantly, QX sales from year year. sequential addition offering
So fourth quarter. that was the
Now some year the unprecedented highlights get let me just we completed. from
quarter. largest in of capitalized locations X,XXX acquiring Fiscal the despite $X.X in XXXX while total the of history. market billion. across recovery We of wide First We in by XX%. on a This that is our COVID-XX. XXXX sales navigating quick to year XX% the for resilience result net has acquisition speaks recovery in system growth landscape nature And strong and the business was foremost, changing sales been as portfolio our Overall, of year reached fragmentation to model ever a this of declined a of our significant proven. needs or the captured added store sales road share. Driven’s pandemic, based second we the Wash store same Car X.X% industry nearly The this the the tested same integrating we the given and services. down store segment were introduced ICWG and
the for revenue XX% carefully the of million, expenses just we in this EBITDA All prior managed XXXX increase increase And million, year. over of into adjusted resulting the $XXX translated fiscal an an compared to $XXX XX%. of
EBIT revenue occurred of adjusted EBITDA XX%. assumes adjusted percentage the acquisitions million. a and fifth As margin $XXX was year was the XXXX Acquisition of fiscal on all which Thursday
You top that of filing of puts will expected January recall section our in developments the this recent the S-X our us at range. from
and growth positioned increase that in very They share the continues recover our year are well have resilience as team to of We our me proud the and and brings on the franchisees industry shown our equivalents, liquidity over facilities. we $XXX they are credit market for to just delivered. cash million undrawn We $XXX our cash with year well million to that of ended our as structure. in revolving XXXX. capacity And as and capital and
net nearly forma on annual end on our our January, these million. pay During go to leverage common bringing Together times basis of hand, debt million XX.X cash we and a by X and lowering down IPO we issued shares on year net the received to stock in ICWG basis expense used transaction, $XXX $XX we assumed our in the a million. forward of pro proceeds interest with proceeds
net whitespace this $XX of of interest and we term average investment common million shareholders. shares general million the remaining a to from to balance $X.X industry, green X% We additional business purchase million the intend We to have weighted shares of shares six with February, was $XX rating. on $XX the net an a the for intend We securitization exercise consolidating million use of credit in weighted capitalize stock $XXX remaining grade common stock. XXX.X fixed used of now while of which whole purposes. substantial and annual of million corporate Following X portfolio, in years. received proceeds, average outstanding maintaining use X.X an in billion our issued to existing We shoe proceeds debt billion sheet rate million
are we proven on is ahead, growth formula our looking focused a for Now that platform and diversified. with scaled
is we flow sales formula results simple. business. in generation in new grow we Our We we This cash stores, add deliver stable the that store reinvest margins. same significant and
mid sales and adjusted growth. here. the shared term Over There's that show. revenue teens are targets EBITDA the change single net high long road digit long financial our and low Those translates double digit term no growth we during to store low same into adjusted income growth, that
given pandemic, provided Now from of in continued and limited growth on we to duration morning's uncertainty store we and greenfield control. the adjusted Net what we well issued consumer related impact franchise pipeline margins. commitment is fiscal XXXX a this guidance for developed release, COVID-XX What EBITDA can a trends. the and the its to
expect We essentially to net this stores segment new is laid expectations portfolio out no in level morning's across projections. with XXX release. our There the M&A XXX in
deliver Driven is with expenses it. adjusted fiscal M&A so be to part We'll of difficult carefully we've XXXX. EBITDA margins continue it of strategy, excluded XX% to the core While predict, Brands and can approximately a expect manage consistent to
increase for financial mobility, predict and shape. That is saving with less services. sales expect plus distribution positive of been Consumers’ fiscal tailwinds stimulus will coupled Now health vaccine good the spending over in growth all store more do automated year. we while same store same can’t we in accelerating past sales. level the XXXX, create have They
COVID. net we to store year. shared, as growth we quarter. driven be point sales same quarterly this growth we for return significant we important outlook to result cadence, XXXX. plan in hasn't to is half as as year It's our the And result back continuation changed averages fiscal QX lap Analyst in are of Jonathan the low last navigate terms since Day. depths our the historic since to in first a of note The the of pandemic brands and the that on of the QX In then expect
items there are other fiscal mention few a just model XXXX. as you Now, to
depreciation anticipate approximately we First, amortization $XXX and of million.
million paying $XX of lowered by we annual result IPO the a our have proceeds. with ICWG Second, nearly expense interest as debt off
of associated with approximately debt in repayment XXXX. However, $XX quarter debt million extinguishment we costs will first noncash of recognize the
best is of million Third, rate minimal in we on approximately company effective industry. net class to will be in growth is and new And stores, a for annual based operated, gross with which maintenance our fragmented the of be In of historic $XX anticipate franchised tax opportunity to And given and an significant approximately have CapEx in XXX approximately to $XX we million. portfolio XX%. are base, highly this CapEx million. line lastly, results our of spend $XX to roughly closing, deliver XXX XX% continues strength consolidating and expected
look bullish now release to up late on with speaking when the and XXXX forward like are results. open We we'd Operator, we we you for to questions. April, again quarter call first in
