morning Thanks Richard everyone. and good
December parks. acquisition year discuss year reminder, on prior July Schlitterbahn relate results results XXXX variances X. their Because a results parks water operating year results includes current basis, the Schlitterbahn of in As comparable which are period since also with same-park consolidated as directly operating of the XX, I'll not ended for two many the the from a acquisition, excludes the results on to consolidated the operations
XXXX Wonderland. is Regarding the included same-park primarily operating days, XXXX in the Canada's fourth our I'll full discussing results quarter. days for year WinterFest before off operating due versus operations by X,XXX X,XXX increase to reviewing results start first year XXXX at
X% can be in-park capita $X.XX net up a revenues three or year revenues finished up million up $XXX attributed increases spending was in Attendance billion. XXXX the year and all performance full metrics: up to X%, was Reported revenues to out-of-park per net X%, The key were higher record XX%.
the to X% X% increase This basis, billion, across capita X.X per million $XXX million increase attendance or $X.XX increase to million, or totaled an in visit X% or $XX.XX, revenue a included $XX key all guests, million same-park $X.XX or On revenues a and out-of-park to XX.X in-park spending in for million. a in net year $XX X% reflecting drivers. revenues performance up three record
with of the Yukon strong entire immersive XXXX. result very our rides pleased innovative traditional again in same-park the growth like of family. more the programs balanced special attendance highlighted The capital combination introduction of increase for events We're was generated and thrill world-class we've entertainment and a the Striker in by
XX% the slightly tenants In season little of total channels purchase from visits a advanced including more ago. than increase. a Our up more produced year XXXX, than tenants season XX% pass largest our mix, again, represented passes,
million in are visits response pleased a Richard our just shy one prior consumer As produce events, the attractions over to new noted, report X% we year. increase and to visitor unique or lift of strong helped equally
total base While growth pass sustained our visits to growing the plan, increasing important business. of of increasing count holder strategic long-term are our remains visitor critical elements our season the and unique
per particularly increase We're cap guest in other was same-park financial consumer. X% growth in driven visits additional pricing revenues. spending in-park health and given improved non-season continued improvement on of general these attractions. in other by in beverage lift the which our metrics. in in-park per an by in-park the capita The Turning pleased put per to to and food see increase led season admission X% reflecting spending, pass increase was to X% cap in a spending in-park growth The and extra-charge tend in per meaningful pass pressure caps,
XXXX, mentioned, from in out-of-park in Sawmill attributable I to and drove fees revenues largely an revenues we As in increase X% Creek. same-park growth transaction
and Hotel to resort Suites evidenced opening the Springhill plan. As grow acquisition expand long-range Creek, and by recent of of continue to our Sawmill part will as opportunities the seek the of we strategic our offerings
the to up expenses million costs million expenses, million $X on basis cost for same-park $XX or excluding and a on and totaled Moving front, years. XXXX, of between $XXX operating acquisition-related X%
IT areas X.X variable and the as Springhill the labor-related rate at and such expanded Grand immersive and operating higher transaction costs of increase and wage attributable driven card increase of primarily year of hikes Point costs; of the of credit and other marketing Center. Sports total visit Cedar Canada's fees; million Monster half same-park attendance associated planned and expenses and associated comprise of events the was cost with including WinterFest the inaugural operating in with the This Carnivale sold Hotel incremental nearly Suites costs Jam initiatives by higher all and grand new to openings which goods the directly in and Wonderland; operating in benefits increase the
the Full $XXX over EBITDA, meaningful park year year results, or measure Schlitterbahn same-park we prior million, a million, contribution adjusted X% basis, up the million adjusted $XX EBITDA On operating the or a parks. totaled $XXX including is from totaled up of $XX million which believe level X% year-over-year.
and entertainment. the in to associated of Meanwhile operating more the same-park immersive increases declined XX.X% basis points of costs XX with planned result margin events OpEx-heavy EBITDA adjusted addition
the Margins costs mentioned. start-up of and such Creek acquisition were pressured also the as Sawmill XXXX lower-margin in by operations previously
long-term While growth each is these pressure near-term accretive the strategic cash and initiatives a business. flow put key to the on of margins, contributor
and efficiency We to metric adjusted adjacent EBITDA the as important their our margin evaluating use will operations. parks an for of continue
accretive over pursue However, opportunities end, the and are to that strategic be lower afraid will not business margin flow long-term. in the to development cash we the
the me Recall fourth fourth let quarter of XXXX quarter due turn that for Now began September with a September XXXX. fiscal to XX a to shift, quarter fourth start on calendar compared results. XX our
quarter fourth XX fiscal weeks the included the such, quarter of in versus fourth As XXXX XX weeks XXXX.
operations Schlitterbahn will excludes our on quarter and variations costs off-season parks. that from at the a discussion the results, for of XX-week of basis two same-park/same-week included comparable Also reference period these my water most the Because results quarter current Schlitterbahn. impact and fourth the a
increase On XX% $X or XX% a or the million, slightly net were $X.XX million. X.X offset visits revenues $XX XXXX or in XXX,XXX for a visit in-park fourth same-park/same-week out-of-park to a and These up a or driven gains X% attendance $XXX $XX basis million increase in decrease to totaled per capita by spending $XX.XX. quarter XX% million by million in revenues to
California partially The attendance our extremely and by October of events very primarily popular for in Halloween-themed our XX% outstanding These as conditions. gains result attendance at attendance Wonderland. were was soft during increase attributable Winterfest Canada's parks at attendance a in record year first weather wet December unfavorable to offset in and attendance
with and for the initial development this to response Wonderland, about excited going we Toronto Canada's pleased event of Winterfest very further the are market's at We're prospects forward.
convert Most all single-day us over an was to guests tickets the and offer. holders to incremental excited park has two-thirds presenting guests potential new it to season at purchased long-term. to park a opportunity We're audience of with great into introduce surprising the about that that pass the WinterFest these
expenses, EBITDA were year-over-year. $XX totaled quarter a million X% operating which same-park/same-week $X or million, adjusted up costs basis, and million $XX After on up fourth
in the as variable The as Wonderland. our Canada's the with most well new attendance associated result costs and increase incremental higher with anticipated notably quarter associated fourth labor period immersive the a costs levels cost operating expenses record and in start-up was WinterFest of of at operating events facilities
and no balance sheet, and balance revolving year our leverage remains in hand, the sheet The our the under X.X completed times with credit outstanding ratio cash during condition. we times healthy was on in the total bond borrowings the X.X to on year. leverage a million XXXX, in a facility Turning times $XXX We total of X.X sound or overall reflects leverage acquisitions million which net fund to issuance basis. the used $XXX strategic ended
last XX back quickly XXXX additional reduce believe call, well down and As as leverage is our through season, and X noted we XXXX deliver we our sheet on to possible priority growth pursue total inside re-establish to as Based flexibility earnings balance times confidence over heading record next on our to growth to on our into in performance goal the EBITDA XX are we positioned months. that the opportunities.
last indicators, reported lead that trends strong. on positive long for we record at the the as Looking remain a board. very resulted across in trends year call, Recall which XXXX strong this year well
drink all-season revenue attachment we of the Along all-season with XXXX, year. sales such in set season and dining rates pass also add-on of this record highs past in as our new double-digit produced programs, products which most increases
better sales earlier, are mentioned start. Richard advanced even season As an to for commitments of the off purchase XXXX
end the the sales $XX time totaled than passes year-over-year part in season more same increase the more the XX% Pass. the of of with or million by year. when of at reflects than XXXX This Point introduction up compared XXXX Deferred large Cedar hugely Gold record revenues last successful $XXX million, fueled
nevertheless on very While we pass way the caution pleased past to-date. as are than we season one-third sales Sunday, I only our record a are must this the pace little through that of cycle, more we with are of
of the As season Richard product season than provide demand early XX%-plus noted a for in entertainment earlier, the seeing appreciation better ramp passes. the few we indicators reflect and sale
drink deferred XXXX level, have at into year. XXXX place pass ended even improved early a and increasing and with revenue delivered outstanding XXXX well growth programs, through in driving all-season record with season higher positioned revenues a and to of positions per very heading We're season the of attendance, of our our we capital program a reflecting us another pass attendance. spending We in while solid we strength that deliver summary, capita percentage dining on In net position. financial goals
pursue arise. of and opportunities capital value market both We free our to cash attractive generate us a to continue the through combination manage flows flow they amount the significant of our cash near opportunities growth distributions long and for as maximize flexibility and prudently necessary structure to a cash in organic with term. to continue We'll provides our unitholders
back to that, turn over call Richard. the With I'll Richard?
