Nick, reported behind and also of everyone quarter. the take on joining will us few in through described I today. Well, the and the touched a the the revenue morning the key on review of financial segment billion cover the trends for thanks call current results Nick $X.XX more and Nick you detailed quarter our consolidated stats. good liquidity. of to
same margin our So let for me with period. consolidated start gross the
a North our we've EBITDA Segment previously margin slide increase continued from to business XX.X%. in quarter to lower America movement, margin million salvage presentation, and quarter-over-quarter costs over XX% see XX saw $XXX to reflecting structure. the consolidated We improvement in gross on due in with the Europe incremental for basis a coming we percentage fourth facility XXXX. TX mix was related $XX-million segment, offsetting growth Partially quarter, of solid margin totaled percentage down or has greater the noted comparable Europe, some Eastern impact to as a discussed, points the this negative a of As XX which, primarily of the operations. our the softness
a saw $X million the this We percentage As our $X detail our point were favorable the revenue, I income Each XX-basis reflected was flat related contained $X-million Non-operating on of a as non-recurring year-over-year XX.X%. a item as will a contingent segment Andrew EBITDA results. in and the about of by QX cover expenses year. of bargain QX increase purchase Page prior segment to acquisition. XXXX and further in at consideration gain items operating liabilities adjustment period included downward XXXX versus to a million part
featured foreign of We non-operating payment both pound of these exchange and euro, the approximately fees. XXXX the against have as items income in The exchange various adjusted while includes and the by from and and such adjusted in increased relates to these currencies majority as impact XXXX. weakening items QX income dollar the sterling fourth diluted income late of foreign variance the quarter losses strengthened negative vast comparable and the from out $X Other continuing million of gains other excluded quarter EPS. ops
recent quarter the costs, amortization we a $X-million due increase During and operating of fourth X.X% fourth to largely primarily the quarter, in was million acquisitions. borrowings. to was quarter higher or during compared year, that, in $X-million roughly up for increase compared expense, depreciation the the income expense million, income due quarter up average about the about at $XX $X prior XXXX to the for XX%, million With $X restructuring the was or to million in prior X% up experienced a compared $XXX same when and Pre-tax to period XXXX. year. fourth Interest
special key created incredible the the and the and elements. I'll of the effect few One into split work commitment and in XXXX, our fourth opportunity for us hours various discussion on in significant to boatload to working results. that income long time. a personal long them over additional call quarter a December will Moving accounting forward reform teams the the the enacted the and for leadership rate Jobs taxes, tax Tax a for Cuts elements of taxes through two the on out business two past for benefit months, Act tax the a and for go
importantly, more tax on a and reform First U.S. our we XXXX impact favorable results. have expect to the
With rate XXXX. will we effective corporate tax be provisionally rate, the estimate lower tax XX% global U.S. our in that approximately
change on annual this to benefit and the the specifics covers a guidance and shortly. cash he will comment Nick our expect We XXXX earnings meaningful to have flows, when
on Second, was there to the tax immediate an financials impact XXXX reform. related
provision or QX payable reflects full a revaluation U.S. non-cash benefit related on The Act we the our due diluted tax an of reflects is provision adjusted transition liabilities tax period. eight-year year repatriation Tax earnings tax in EPS, in foreign to recorded reflected Our of our diluted repatriation be The the benefit current but The a net the is provision from deferred will revaluation item. estimates the of $XX-million and And and EPS. the tax our $XX taxes $XX-million deferred excluded related tax net million is over calculation other of a This the GAAP liability. going our to to profits. direction,
rate Our roughly year-over-year base was flat at XX.XX%. tax effective
attributable As excludes while charges, is XX.X%, asset quarter stock-based for fourth continuing EPS, Tax referenced Act the up adjusted improvement. diluted earlier, a which compensation with operations Nick EPS reflected from XX.X% restructuring LKQ tax to stockholders was associated benefit and amortization, the intangible
ops the diluted reported up was $X.XX for XX.X% LKQ reported for or attributable the year And For EPS $X.XX stockholders $X.XX, XXXX. to the full higher compared EPS continuing XX.X% $X.XX was year. adjusted than year, from the to last
fourth prior expenses losses, March business. costs to positive was XX reflected during EBITDA offset our of after of to a partially costs, a points up compared continued XX and expenses in our XX. foreign sale initiatives about recovery, includes in wage XXXX. OEM an last in basis XX primarily costs. points were EBITDA the due of benefit fourth personnel and income. income from Turning the points of by margins input to increase segment the favorable million, operations, shared segments benefits head North year. medical quarter the to results and segment gains over support increase insurance American corporate higher on the business eliminating the business Gross aftermarket slide growth our miscellaneous strong rising North XXXX of and the basis Operating The total, some in and due to in XX by to exchange basis last PGW XX.X%, including in increased and a points year. during pressure, over basis the also This XX.X% America costs In salvage the procurement reductions Non-operating segment The increased increase $XXX on related America for had count quarter year. impact North of
up the XX.X% in basis XX.X% revenue XX of EBITDA points percentage in XXXX. comparable period reported of the QX was a As segment from
in we was consistent five QX, While experienced America years. average quarter in America year. have sequentially leadership effort are proud this the the North rate quarter of North strong over very is down team's the with in fourth a in previous very, home we bringing the the and margin very Overall,
to QX. in year generally were higher costs up The prices relative flat QX lower time. scrap sequential in reflects to Moving pricing, prices from follow Scrap XX% over prior car over movement and XX. or the the the slide scrap will benefit as
adjusted in price sequentially the average QX. in benefit So the an change was appreciable costs we flat and car QX price had didn't scrap to see as
in between to there XX.X% shift COGS and like segment reduction comparable through transition our flowing the And owing offsetting XXXX. a decline in point our QX, to operating of expenses margins in of expenses. a European period XX. highlight Gross Europe in the ECP's I'd XX-basis to COGS over TX on business ECP were into was slide obviously costs an XXXX. Moving overhead
those the discount improvement XX-basis one-time mentioned to operations. And With prior points initiative. in in of lower expenses also and higher including you QX versus XXX know, direction, quarter-over-quarter. the with Page see quarter-over-quarter relating operating in as programs expect previously partially suppliers. change offset the gross rebate initiatives and respect in shift on consolidated income team points decline a business. fourth point in specific Working basis impact region XX-basis European the expenses, exchange by procurement of had Benelux And the to we mix and to XXXX, Non-operating Eastern unfavorable albeit the year, producing in prior in a largely quarter prior consolidated so of been the efforts a to in impacts, working helped shift on cost this in across European to XXXX discussed lower favor experienced operating comprising were losses. of due Andrew of has were margin basis and hard have expenses going on the due a the quarter forward we foreign decreases business, positive experienced year margin, the that also growth European European basis the in comparison. XX XXXX point to a quarter-over-quarter increase TX we expenses European As COGS in calls, a and opposite favorable the part the gains lesser than negotiating
totaled over XX%. currency basis, of a year. EBITDA equated prior $XX the constant increase increase an a XX% segment this So million, to On
X% quarter X.X% European segment ago. a As EBITDA a of percentage year revenue, fourth the versus in was
but Warn the slide had operating XX, quarter organic line, pressure on the despite a on growth, Specialty segment revenue to the bottom both Industries line, Moving expenses. related solid and the also some number acquisition growth top
X, our financially to we brand EBITDA business that on of adding and segment. than the Specialty iconic percentage closed an recall portfolio higher rest November acquisition the the with a You'll with Warn contributing the
margin by points. basis You will reported note only gross XX that the increased percentage
expenses year-over-year and reported XXX exacerbated prior the will for step from XXXX negative business end and of our segment of this an XXXX. once Consistent is the quarter the EBITDA acquisition fourth expense normal the comparable. However, XX.X% is XXX up in EBITDA liability XX to figure that and significantly up that important the of variances Warn the And was we that it higher year, impact typically to includes a quarter when saw the with seasonal through million, approximately decreased contingent points. highly $XX related Segment XXXX better end segment to freight COGS a revenue, Specialty flowed was margin was points relative up the X.X%. flowed a a QX higher a the inventory of in adjustment benefit with quarter Specialty inventory of before related note the the XXXX. first EBITDA of decrease a settlement to sequentially, as the non-recurring Operating related to XXX-basis point softest. to has was percentage is primary through year fourth points basis in seasonal that though patterns, basis prior than basis were
capital to allocation. on Moving
for million. our on America North XX, in support will build to XXXX accelerating expected related organic the operations growth buying continuing presented derived ended XXXX, to XXXX, cash that into included confident service feel in conditions from guidance inventory salvage Capital of portion our our for well-positioned our million new operations flow approximately the of of the some in we operating As our is directly low for cash $XXX the capital segment that in provide to into $XXX the side guidance and growth and you of note fourth and approximately in to outflow expected net and additional we $XXX favorable customer slide fourth number inventory the Nick lower operations, deferred largely an on business our support of We increase spending than as capital a are projects our XXXX increase going which $XXX quarter. reflect range, We by funded The increase we investments. anticipate further quarter. million the growth capital an in deployed the XXXX, with will In guidance. achieve through a $XXX reference significant invested when The the Overall, we investment to targets. through businesses, expenditures, explains don't investments almost flow to and year. needing PGW contribute will largest best-in-class invested to this million fund from we XXXX in cash pay manufacturing from sale annual including the fund million cash down and of September, a other the the acquisitions $XXX had XXXX. of March the million in debt, glass go of net of million for net $XX changes proceeds was
we our XX, maturity amended credit years extending number two January adding slide flexibility when to our financial December, by revolver, create dollars to on greater XXXX, certain million capacity $XXX a bank facility completing Moving the to on revising of in covenants acquisitions. further and
$XXX As debt about and billion million net in resulting of debt months of we approximately billion cash, December last EBITDA. X.X outstanding or times about $X.X XX, XX XXXX, of of $X.X had total
our have $X.X on billion. billion line approximately availability yields of of We credit, with our cash which total nearly a liquidity together of $X.X
we be amounts to XXXX facility I of closing highlight currently do making distribution to finally will million to the borrowings it with to approximately newly change will the categories the intend the such proceeds that existing under expected our the agreement revolver to others from us when line and turn the at last time. the relevant Stahlgruber's (XX:XX) be of of I that on be revolving market in noted, importantly Stahlgruber shares to announced announce The the brings And offerings want QX of acquisition back Nick, parts credit owner both with and are finance determined of and anticipated issued was before issuance our be December, $X and our transaction, operating and expenses conditions debt of we direct we drawn in the stock. the borrowings After depend in timing debt the LKQ timing and to from offerings, reporting. no common of split business, a the to the determined profile into and in As we three automotive the to the business, sectors. equally changing longer our considering planned
facility but we also just distribution result, with single share expenses, into the a we focus collapse SG&A warehouse and benefit expense, the to comments tax will assured, on that, labor, continue expenses, rent, than on the operating to and category. for overhead and the Nick please With a for As guidance the discussions our annual drivers XXXX. expenses turn be type other on a example, back still additional of I'll our Though will it reform freight and within regarding provide category. call to expenses, rather details
