call. quarter for Good joining Sure. thank third and Zaheed. you Thank you, earnings morning, everyone our
used progress of solutions provide sellers buyers Our in all market. solid for continued the against strategy our to in multichannel results quarter the and segments equipment reflect
the in U.S. with pleased particularly online the strategic and with on performance and growth. region with our global progress very our our initiatives are We
Marketplace-E in products the very solution our services, along good make MARS customers. our Solutions Asset quarter with and and well our with We RB continue with is to progress implementation resonating
positive quarter pressures. our markets This particularly sales a our deliver at results for execution political teams to economic global solid the consignors, and when highlights by faced heightened and operations time
we want our their both members to on to I in and of thank opportunity team and behalf Carl results. the of deliver commitment tremendous to I globally, jump Before take all the energy into quarter, this these for quarter
operating constant-currency delivered to XX% our earnings adjusted rate basis improvement results of per by revenues, performance service contract XX% than quarter. which strength growth, in revenue and flow. led These fee greater revenue a the the X% generated and our volume with diluted on We a free total stronger were share XXX% improvement in growth and guaranteed contributed cash GTV our XX% growth in
robust up last had tremendous along weekly GovPlanet. Marketplace-E strong over growth IronPlanet and auction XX% delivering with of of XX% GTV online another led Our growth, XXX% quarter by over year in growth
in Financial XX%. consecutive highlight quarter Ritchie a was work of which the quarter great the double-digit growth our very Another XXst its Services at revenue strong team, produced from Bros.
coupled and decline and Auction energy in lower Moerdijk by X% were inventory Netherlands our rate to in agriculture factors: our Live this year-over-year by global The unfavorably GTV Auction channel shift auction Our results a was within of decline few profit a first, challenging GTV impacted sectors. QX performance. Live a environments the year driven with
The consignors, online general leading together slightly was in delivering uncertainty as business live Canadian Western double-digit we resulting decline GovPlanet experienced our and each for total Canada election. the Regionally, sector less Marketplace-E, for positive, industrial primarily industrial by IronPlanet federal our growth agriculture the from primarily weakness from into GTV and story the U.S. high single-digit team had headline performances strong GTV of an auctions. led growth impressive quarter with in weekly
trade weather in consignments. uncertainty versus XX All international agriculture The on-the-farm affecting leading a commodity of we from timing auctions and seeing harvest weakness already held early driven unfold and fewer was we Canada to equipment the with ag year. more year's unfavorable in, good last story auctions prices, quarter by deferral events. and and lower a saw at QX live agriculture softer momentum our on up last third in positive Notably booked are performance significantly over however, volumes farm
declined versus impacted heavily and GTV in the in euro U.S. in was our international dollar. the the decline group quarter by the
was international the the Excluding the into of significant East. shift despite Moerdijk the quarter foreign impact Middle year second of and auction unfavorable the flat softness last in exchange, till the
performance that our strong are group quarter strong and wanted items our the and of remain listed of metrics up Finally, Marketplace-E number increases another encouraged in XXX%. total international our the overall I by operational with in growth GTV number add bidders. posted to we
focus further market, indicate relates overall And are it caught equipment have supply midterm. towards which to management, in up OEM in demand to the construction to and equipment supply, appear loosening their production the as large to could strategic inventory accounts equipment levels near of shifting new
the the to Additionally, supply pricing in elections in weakness assets coupled seen on moderating assets in vary a the pressure U.S. some market deal, come and geography and such to those in by results demand economy certain markets. in have transportation impacts sector, navigate has more as The with we of led to factors the the consigners U.S.-China Canada will as Brexit, trade federal
XXXX. Looking the equipment at equipment QX once, see of ahead, as optimistic not we remain to lot more we do supply. about but expect And go past, have improvement a we all into a in cautiously in said used general as we the
keeping the We long-term growth are forward our on business on focused momentum initiatives. and drive our stay collectively we going as focused
financial highlights. I to now will turn the
result XX% a sales RBFS a XX% mix of growth lots. revenue as inventory impact guaranteed X% due revenue value GovPlanet were from up revenue. the region GTV in the was performance. in primarily improvements inventory XX% growth driven both and in sales and higher growth level increased was with higher service rate strong revenue of harmonization strong total by contracts. surplus deals a in also line Our in of our an lower Fee government and Commission higher revenues contract inventory volume, GTV our performance. fee revenue XX% increase the of quarter growth from fee sales to XX% the contributed in U.S. to a inventory The in transacted with their quarter revenue and of revenues
last lower SG&A costs on actions growing driven up an operating synergy excluding growth costs income by was at quarter severance our leverage XX% our year basis, of on related the from and gain QX on of the adjusted acquisition year, expenses. the about operating total non-operating income XX% Our improved half an growth rate adjusted which income the excludes service the onetime growth. basis in higher revenue investment of with sale in third equity revenue to Net operating last interest and both an of
rate segment, XX% growth, the our in Regionally, growth the service GovPlanet fee service Auctions higher posted Marketplaces accounts, lower strategic our including from basis in activity strong in from in as higher per revenue agriculture lot point fee lower the quarter. to our higher Canadian as higher by commissions from partially live as and value rates was XXX revenue X% the on XX% offset my sector resulting online Canada industrial This our was U.S. in revenues. guarantee up from a led auctions. and volume GTV fee mentioned year-over-year and comments. increase strong growth, the harmonization up Turning improvement live significantly earlier was in fee well lots, revenue and by
coming rate auction, our due auction than Dubai to year. online service performance rate rate strong at international revenue roughly in shift, guarantee Our partially commission was Canada offset GovPlanet fee we due basis, performance in with XX.X%, softer the revenue improvement service performance basis conjunction to On at pleased revenue in the a points earned second growth. our quarter higher from both growth. and The commissions in were decreased Moerdijk by higher X% A&M with and last XX rate GTV
driven live Moving continued to U.S. growth sales GovPlanet inventory the which inventory our and and segment revenue contract of Auctions the on-site last contracts auctions. was year, primarily inventory in XXX% sales by on by our up led the growth revenue, was increased at the over region, Marketplaces surplus XX%
early distressed the by and and slight both accounts construction some large strategic have in in of As transactions increase well sectors. seen defleeting transportation we a sale signs
sales quarter. revenue the primarily west due Canadian increased inventory XX% a Our to during the in large dispersals equipment
improvement was was our international inventory sequential been by management region very up navigated in some with line sequential offset historical and inventory sequential inventory our pricing X% international point from from and rate The our basis implied rate increase levels. remains performance inventory and encouraged has which contracts which deals Our basis, at-risk levels on in guarantee the in XXX strong and our Japan a anticipated rate environment. delivering are lower our inventory our from deal rate now quarter which our rate effects This by and partially X% driven rate which we with rate through. increased sold On in was return a a remaining QX Overall, teams improvement valuation in disciplined sales roughly expectations. contracts the was performance increase as was of fluid trailing from market, was fully Australia. in
to SG&A expenses. on Moving
results. incentive The to improved initiatives. was continue compensation quarter in year year-over-year mainly X% SG&A driven higher cost prior to We the prioritize increase financial over our by due
revenue service XX%. impact, up only of this Excluding was low growth single-digits compared to SG&A
Ongoing to costs, and devaluation RBFS our and exchange incremental the euro the also dollar GovPlanet in due affected investments growth positive foreign impact Canadian in the fluctuations of the SG&A.
was year-over-year in force pleased basis quarter. with overall productivity, trailing a are sales X% our the up which We XX-month third on
Turning liquidity to metrics. our balance sheet and
improved net $XXX.X primarily cash working ended operating and improvements improvement from months XXX% driven XX a resulting in nine the decrease inventory over was for by The of capital, last to in balances. higher Our year. million flow income September
timing to end XX-month Additionally, and timing closer cash basis, of trailing quarter disbursements. and our increased quarter by a XXX% $XXX.X the On of cash was flow the the auctions million. flow receipts of free corresponding affected this operating to favorably the
million spend is And are currently quarter down million. CapEx remaining, of with our tracking guidance Our be we full year one under $XX year-to-date of year adjusting to million. $XX million XXXX CapEx XXXX our now for $XX $XX range full million $XX between to to
reduce scheduled continued position the additional debt we along $X.X our million a with $XX million repayment. payments long-term During of quarter, with to voluntary
trailing trailing of debt debt be increase XX-month XXXX. a the third of XX% our basis, trailing X.X% from a XX-month less of ratio as on to the below quarter resulted reduction ROIC in in up adjusted position, an well a adjusted in adjusted continues cash basis strong in X.Xtimes. a has as basis X.X On EBITDA X.X%, times Our on EBITDA XX-month increased target well to than which to our evergreen net
financial overall in good very health. Our position remains
and business solid balance our Our sheet clear us a across strategic focus the for confidence give future. strong, leadership continued
And now to the pass over with I'll that, call Karl.
