take for pleased an will our on I and Thanks, segment Nick the Overall, headed before results through a morning we quarter you joining to us good year for on start full with call. are the in the turning year, disappointing After and we Nick, everyone current the quarter. feel update back to back cover for our to direction. guidance. liquidity right consolidated the results we're it our
still promise in with some our While initiatives back a the of there and the for the go ways quarter place year. we've to put benefits levels, the reflected margins second get showing to desired the in others is primed rest to are
mentioned, Nick May. closed in transaction late we STAHLGRUBER As the
have figures. one as our the my in STAHLGRUBER relevant QX later impact results highlight in of quarter in we remarks. the of So, operating month I'll
was balance the presentation, XX down As to XX.X%. on the the over the of noted a is with first of consolidated XXX comparable relating the attributable for or the percentage decrease basis million reflecting segment segment. points North to gross Roughly points XX% totaled Europe XXXX. quarter our EBITDA XX of basis margin America Segment quarter, to a increase quarter-over-quarter slide our $XX million $XXX
Interest points percentage second same experienced As expenses of increase and and we year $XX compared of points acquisition to we a depreciation by prior $XX million branches $X items of XXXX And our primarily represent currency Non-operating the largely the quarter to restructuring million With and to down costs XXXX. operating segment $XX increased rates. acquisition-related and the Page was the amortization about vehicle of due $XXX The year. by gains increase losses STAHLGRUBER and million on expense, saw higher XXXX, divested variance. compared non-operating for And during higher the STAHLGRUBER $XX We due $X revenue, in XXXX the XX second compared financing quarter the income impairment operating in be increase EBITDA to roughly North average remaining that, were loss to X% the to down Other represented of due change to about when the both second up the versus interest X% May to expense on million of Pre-tax freight and was QX unfavorable related in $XX our income in balances the basis during basis in or largely bargain expenses, million, in to unfavorable XXX income million on a $X related of XXXX. quarter Andrew year-over-year was an a a to to segment. XX.X%. foreign related second million quarter interest million or period purchase prior million. the XX. closed that variance. was America
in XX%, effective to tax was up for basis rate during the to higher well updated taxes, rate points estimate second driven including annual and deal of rate from estimate is in our interest of XXX by Germany. the We the The quarter. tax the transaction, effective Moving higher our costs, as mostly previous quarter STAHLGRUBER effects the rate non-deductible our XX.X% QX. effective the income tax as
forecasting, results a fall ago. operations off up quarter associated for comparable about is increase the rate restructuring comp, your consistent EPS, improvement. divestiture-related totaling reflecting to and with Day STAHLGRUBER's charges, second costs, XXXX. we Diluted discussed losses, a stock-based LKQ amortization, with impact continuing long-term points Adjusted tax should the and $X.XX gains of related please the the stockholders relative on as interest in note asset XX deal EPS the and year which and the were projected to $X.XX, For excludes approximately XX% $X.XX, was basis $X.XX. negative during non-deductible Investor quarter and a from acquisition impact intangible attributable was to benefit with quarter that
for cost dilution note the the Day. May While caused solid interest interest impacts of impact from the and the the had at related June, negative negative non-deductible the quarter, issuing as cost, from Investor results shares to were million XX X the tax from STAHLGRUBER operating pre-acquisition euro offerings, our month on impact overall the we effect communicated on
XX.X%, the slide segments, attributable our were during growth in a America strong second product Moving gross some quarter the margins down to with The batteries and revenue over was basis reported primarily to the North year of lines, lower-margin XX, XX.X% XX with decrease on engines. ago. points mix, including reman
car margins, about some while year quarter. experienced in costs. a related base a we we don't consistently in points Additionally, as changes, of highlight business The performed much talk the increasing softening the activities aftermarket salvage result I want with prior to to sequential And comparable second typically few period.
cost basis start by the positive gross sequentially basis second North margin towards made by aftermarket last declined revenue aftermarket a Though mostly its driven good our has margin addressing this a net prices was The we points. trend sequentially without Our cost sacrificing in gross by to business of our growth. business result XX team margin quarter management by percentage rising as pressures, boost a On percentage self-service variance quarter. referenced American increased XX points. adjusting note,
the by in the We quarter are to levels. net the are our made and these progress optimistic about ability encouraged pricing maintain team
basis costs on America expenses basis sequentially. the like year related ago, a year. facing point these Consistent segment, with were points our Moving and headwinds many drove over last and a these down increase XX compared to XX quarter, prior XX costs to we're freight points still North distributors, by basis but fuel of increased operating revenue percentage a to as in other
the surcharges, can, less costs sourcing adjusting to macroeconomic these and headwinds are options, expensive the third-party including resource management. scenario, freight We extent address actively reduce we freight given freight to to working
our to second down basis year $XXX margins expenses was quarter to flat of EBITDA North points a QX the points was Non-operating last expenses business. of in a total, of direction, in Going from liability. partial related had the segment points second XXX America range of in America reflects in as offset EBITDA and impact lower prior non-recurring of of on margin to In to XXXX XX XXXX, basis points, XX roughly pattern four other the EBITDA during million, we years basis in revenue XXXX the a prior income QX the due XXX down a Prior is various seasonal QX basis which of to North miscellaneous had year Sequential contingent in percentage in compared a a XXXX, negative had XX from increase five XX basis points. versus an charge and of segment quarter XXXX. quarter. of a in
to incur but on QX, think discussed In as prior impacted can negatively decrease, calls We where started small the we're employee context, not relatively this encouraged sequential also we margin. costs be. clearly benefit which we're sequential incremental by the in our we
Looking over at generally sequential and pricing, time. benefit QX or will to in over scrap flat last XX% as of the up The follow relative were movement car from higher slide XX, scrap reflects quarter the year prices XXXX. prices comparable lower scrap costs
such, year-over-year impact As was changes from in on reported minimal scrap there results. prices our
structurally basis the organic in growth European our Eastern Central Europe on the UK XX, slide Moving largely is comparable gross mix to segment attributable of in to which of on decrease margins. XXXX. a shift lower period and were decline region operations the European The XX% point QX, has given the and over to acquisitions XXX our margins and
income months, the ongoing negative costs quarter facility inventory as statement QX, issues in into some the As migration of our with an turned. TX the were we've impact as capitalized incremental discussed past recorded first over had the few the in inventory the in
on the COGS did primarily QX. of have Going margins our with supplier Europe see on three-step basis a news STAHLGRUBER costs in year point XX point European margin to centralized percentage revenue the margin as the in basis at continuing to was the impact gross private facility, rate capitalized a segment the remaining move expansion, some ago. EBITDA forward, a percentage including Also, XX greater as contributing in a in a grow second expect market. the a The incremental of ago. a XX experienced rebate respect improvement our that ongoing advertising yielding and gross leverage a model With was We decrease a the we totaled positive sales we consolidated a improvement half revenue, programs. basis region and from year quarter. two-step Sator with through on to to business the versus primarily procurement, in operating The in million, expenses from specific a flow European showed $XXX increase we comparable improvement immaterial strength label over could freight attributable quarter segment to a than our in Benelux year, costs, expenses. point XX% basis
As quarter XXXX, up X.X% to X% revenue ago. shown relative U.S. the against the down second had the same of of year the dollar. British as was the on X% Segment for strengthened slide XX a percentage a QX points XX, XXXX, was and EBITDA pound from euro period basis
Europe EBITDA remains over for months. next goal XX margins Our the double-digit segment
QX in basis right was of direction STAHLGRUBER XXX dilutive points, improvement Excluding with the the step a points. basis margin acquisition, impact the XX sequential which was a by of
line news and statement. on the intensely region. the chain Mekonomen, equity acquired not as car and this the reported in work do focused interest in unconsolidated our Mekonomen, service Nordic of figures. so to share are our control on the don't June Related also we income our our record of leading on to and management We has we I'd European Instead, equity earnings share entity Since income Mekonomen's by XX% its team do in of cap have subsidiaries of We market parts approximately our in declined shares its consolidate some results more a like Europe, XX. task. to
prospects, said, has the concluded over And an developments with occurred in June closely partnership we impairment. including about to of optimistic we as Poland. remain Europe. Mekonomen's future Denmark XX, in quarter that acquisition of and permanent evaluate impairment its the recently them be That we as we no forward we will announced next look continuing possibility While monitoring our
revenue overhead is XX, XXX growth expense profile our And up Warn, up for disclosed, had Warn a of slide positive Specialty rationalize the which solid the impact higher points basis Specialty and related to impact contributed Turning The primary Specialty margin Warn, in we results. business base so, was encouraged percentage. the business as margin the EBITDA higher were of expenses in XX.X%. segment from a in prior a growth while that than million, QX margin EBITDA basis expansion. revenue Warn percentage Specialty segment the relative gross personnel, the low-margin continues previously points overall XX XXXX. able year. has were and to expenses do gross business, quarter. higher of to has than on was a deliver in revenue, performing The without on Operating $XX base which basis the some variances quarter, well vehicle a i.e. to was generated segment. maintaining The percentage to percentage and rebound margin organic X.X% to the QX to fuel from a Specialty nice were the to business. the as points base a as and, gross which XX business we Segment Specialty higher underwent structure program a XX% of rate
February investment our through North million represent of maintained we cash in a In related support we've $XX business. outflow for half presented the XX on as inventory, the of operations modest outflow We allocation cash inventory a inventory. and to continuing buying in months from the an about slide was six significant first that opportunities Moving in without American related to first of could flow talked year, you capital our note $XXX in growth our XXXX will the on the timing our Payables June months to million. balance organic first million is highest $XX of the business the which relative to $XX sales the more on with period volatile which vice based follows and year, a first half purchasing items activity million a cash of seen year this swing the by from period year. to one six of inflows to Payables ago. a outflows the the represent line payments. on Payables of in the is historically nearly versa. seasonality flow, the fluctuate periods of outflow with negative followed and strong and sheet, Receivables through we've as growth
see for the we April, billion senior transaction. rate and the XX-year tranches capital In the largest average $XXX to STAHLGRUBER I generate impact was issued of in from remain expect cash we the million So, the notes STAHLGRUBER full at the second XXXX. €X and reflect to year-to-date a to quarter optimistic some Overall, our for bounce-back changes about operations weighted half. CapEx ability period. year flows The the X.XX% transaction. $XX million strong in X- for of of fund
and of X.X we financing Additionally, borrowed $XX our of line transaction. million million approximately the the on credit issued complete to shares
$X.X debt to had of number or EBITDA. $X.X last XX, slide resulting of and June net cash, $XXX we billion months debt XX of billion times in XX, of Moving approximately total X.X a as million outstanding about
increased progress pay-down facility ratio, June. the leverage. in our and credit net this first make Excluding the in continue we the the debt debt second STAHLGRUBER margin a quarter our good totaling by for $XXX XX transaction, reducing in to first net million further the six quarter basis in points pay-down At with months,
And facility, yields said, we was the impact estimate. STAHLGRUBER times So, this our interest of to of I'll turn approximately our net a the we'll facility. liquidity reduce interest ratio updated on on until credit higher have $X.X The tier in finally, our see of cost Nick total cover our borrowings accretion of billion to the credit leverage credit that our the increase billion. call X.XX guidance. rate of facility included availability With all together we back below with $X.X which cash
