to X% be prior the that industry prior Having contrast overall mix of fiberglass to mix comparisons, the suggest perhaps example, calendar the fiscal year-over-year our non-Florida recent said Thank of XXXX, resembled same-store may easy more patterns decline you, seasonality Brett. $XXX northern the up XXXX, in the to coming boat revenue closely sales registrations had partly period. stark noted grew calls that, experienced Florida we first reflecting in seasonal flat million, own quarter an registrations contributing in We our than Brett noted decline a slightly XXXX. locations or in in first in on and boat trends.As which data markets.Overall, is registrations as for X% the sales. the in to anticipated increase primarily half between given nearly the rather through more retail indicating XX%
modest by Our was same-store growth sales unit growth. driven mostly
Intrepid manufacturing revenue declines of experienced Our like production, Gross cruisers, industry. and adjusted XX.X%. profit in to declined as they other yachts manufacturers margin the businesses Powerboats
expected $XXX While the sales.SG&A million lower magnitude, the decline this discounting in to results needed quarter. the around we were final drive expect to increased did to than given
marketing, approximately transaction including in a inventory, costs, compensation, contingent areas, March quarter. in events last the expenses of items increase in current million to periods, increase changes $X The both environment.Also, not slowest Excluding other related also entities million XX%. SG&A weather did factors the and of roughly number is are own $XX inflationary we and These seasonally other was winter insurance nonrecurring from quarters. the maintenance, entities increased consideration, in or in
initiatives more and will steps to plan ultimately time. will year. expense leverage goal still a these aggressive $X.X our reductions our more and those are was increases Floor higher detail quarter our plan on improve result increased talk to near-term of others take as quarter while scope rates we actions taking increased call.Interest million close third million offset broad. the our The compared we're considering of through in noted, and margin.Some SG&A operating more last $XX are to is be inventory. improve working is to to of in we what the to interest Because operating actions, Brett $XX.X million we our about as However,
per income with unable over some EBITDA to $XX share we million nearly or in line for X% or cash. higher last net million a diluted was year-end, the inventories $X.XX liabilities. to the the below generally year, GAAP with same-store share SG&A $X.XX $XXX with income higher was reflecting gross $XX.X revenue $XX.X or million calendar a $X.XX expense.Moving historical million or we year. in million Adjusted $X.X XX% last per trends, but quarter lower were with sheet. up expected bottom income million basis, the diluted close unit bit the floorplan $X.X on diluted margins, were compared On are million We $XX.X than share net compared in that On Inventories and quarter. $XXX compared from with quarter ended $X.XX higher interest was XXXX of balance last line, of given to about diluted net year.Adjusted primarily per million per levels.Turning share
increased which the position. over move at period.Debt little were modestly was as of Our EBITDA due our is were expected continued as liquidity a financing, largely to a calendar we Xx as net short-term deposits cash maintain quarter-end borrowings, into from we to Customer up to floorplan selling inventories. strong year-end up seasonal
form for credit guidance. the year, of in the to adjusting the additional our year-to-date inventory close and our results and lines remainder liquidity available Based totaling million.Turning on unlevered of we to guidance. are have $XXX of XXXX We expectations
based Our on playing second of role. are expectations an seasonality the increased a half year, with improving incrementally
fiscal to period the for the our consistent expect we are year. our first Although forecasting in be of now unit what a up volume with industry down basis experienced modestly be on the we year, volume for half to fiscal we've
the Interest in consistent actions. range range generally $XXX level first fiscal million and be XXs a to XXXX, with year.Based cost to as the fiscal growth on in sales those the of back same-store to our basis, of low per be expense drivers, to quarters $X.XX year-to-date anticipate adjusted we low- mid-single be $XXX range increase with to in we adjusted rate percentage to this additional the reduction the income expect run EBITDA year, remaining million. the performance, in expenses net our the basis.We on in For a elevated gross will we of our $X.XX implement for on share X be now half XXXX year-over-year but margins with digit SG&A expect the given moderating above
as just using versus and depreciation of range an in are XX% our count assumptions.The wide EBITDA based annual noncash comp EPS our and and because rate on of a items is grow stock We amortization like million tax a expected XX.X meaningfully percentage. over more share
have Brett? of we trends, to that, a to to in picked commented for business all trends But call up. get current we we not comments. in expected things April. general March. will back do a That part set And lot up times did strong up due at closing wrapped Brett to presumably over in have I work Looking seasonality.With the we turn close does few that the for a