guidance dive a come and financial I provide with quarter our and few Joe, the into good everyone performance the will to will on back closing an some then update details you, Thank relative I to the Varun remarks. our provide and This comments before on call. morning high-level morning, in
but was XXXX since unusual of clearly, encountered of the ever, maybe and complicated quarter most crisis. financial operating environments we've second the The one
level chain issues workforce. seen and years. disruptions, an During labor constraints, with positive COVID States associated supply our in we by ongoing Major inflationary as June inflation environment the in the were globally confronted the the cases risk ongoing XX evidenced of in highest United a some challenging with quarter, uptick being have
commodity unfortunate the and the exchange the July. euro this in energy conflict has major Soaring markets in the political volatility, in volatility weakening resulted unrest all in And with quarter foreign the prices, with Ukraine in globe. materially dollar reaching and the across parity price
our business, people not customers business, effectively commitment growing the and effective management This serve as balance generate the progress the synergies will we many segments. continue confront and on immense during the the while focus through across same to the I our both by losing XXXX our control, excellent execution, across focus CEOs I XX,XXX and performance, many work deliver and quarter and on another and think hard very of exceeding of all dynamics. currents when our dedication delivered for sheer team expectations, I by am our all our enabled some challenging demonstrated company to that internally to company and quarter. opportunities I team's say Yet, of created the for headwinds. driven to number solid proud they of have I industries LKQ behalf can of the operating very developing business cross of leverage employees am speak equally well which and stockholders headwinds looking the proud continuously externally. of our dynamics of the
by manage our is discuss Our will this reaffirming through ability Varun validated guidance, the XXXX environment shortly. to team's confidence in our of which
X.X% X.X% fell in compared XXXX. parts X.X% by sale. was XXXX. of driven revenue of compared million income reflects $XXX per XXXX, on reported Other million quarter was organic The per second in divestitures million compared decreased period basis revenue and a quarter. million increased share period Diluted of of a basis. rates The basis. Parts X.X% a a for X.X% PGW second Now on an of exclude sale the quarter as the of gain as on of revenue on These quarter earnings the $X.XX on $X.XX impact the precious the the on share Revenue same increase share. exchange same services adjusted Glass to decrease for revenue $X.XX XXXX for to business services or X.X% for decrease income net the prices. $X.XX last On was earnings impact an billion per billion, as the day of compared of of basis the quarter basis, to same the day the compared $XXX quarter foreign the and a April $XXX to $X.X a Adjusted the a of $X.X acquisitions for for as and and X.X%, and year, was decrease. X.X% PGW reported diluted to to per X%, period a total as $XXX period by by revenue for million Net a the results metal in adjusted decreased decline year. for was XX.X%. last net same $X.XX amounts in or for $XXX quarter
segment model on services the quarterly offset initiatives Now pressures. segment which increased exceeded and quarter basis, some team's our to year-over-year inflationary of the This turn for effectively our a let's In and to pricing American business revenue our for implement of our to expectations. performance ability resiliency North highlights. parts organic North confirms in XX.X% the America,
decrease by quarter with As it during we U.S. X.X% Energy. the as which quarter, to saw consistent measured relates Department volume, second the consumption fuel of some weakness, in was a
a collision saw point relative experienced associated largest down in be due growth, QX. disruptions. little lower America performance traveled year-over-year the growth rates supply miles to chain was with and The reduced pressure to vehicle parts year-over-year which QX line, Additionally, continues product North to the volumes aftermarket
rates, fill relative rates modest to supply which with into QX, During the aftermarket highest very a levels chain fill some aftermarket quarter, the in minor we the relief June our reaching of benefited XXXX. from translated in increase
While chain, evidenced historical which spot supply market by trend encouraged costs the well albeit are also in quarter, by during levels, below of shipping pre-pandemic the are above we levels. the we still container decrease is the costs witnessed this still positive are multiples the modest
early getting our the we During a level aftermarket of that successful were the inventory late received be shipped in and warehouses most quarter, summer of in higher all on won't but collision Taiwan, is parts still until or fall. from water
technician mechanical collision to flat were value a part Recycled generally proposition parts more cars. chain loss increased shortages volumes supply parts. year attractive not The of base and salvage shops, broader bit demand over of labor availability on could a repair basis. volumes at pressures from rental rising able the of alternative be and aftermarket part year-over-year remanufactured we decreased the cost recycled were carriers up last that Our cost, issues some as cost to to shift were parts increased compared and insurance and
XX.X% repair Texas in settling double markets. recognized time historical program taillights Aftermarket June where Farm insurer and preparing During headlights being collision through claims Farm and an small in proposition when bumper it State their the auto aftermarket value that Recently, On the Parts program. pilot XX, is United year-over-year X-week State estimates Oklahoma being over with auto and began a covers, cycle repair the introduced the being averages. quarter, largest increased the of States, by still costs CAPA Certified
term, should all neither has the and cautiously going a parts. outcome strategy you the predict As they and of through the how will as things, the you. the collision long optimistic many parts pilot aftermarket of pilot Farms larger we're We parts potentially Farm's first State know, over the tallest work outcomes and forward estimate parts spend this test said, is could with historically State utilized the aftermarket that State the widest this Farm's of cannot program. portion as or not become impact That
revenue on in for to segment. Organic X.X% on and and basis our services day X.X% Moving per a quarter increased basis. parts a second on reported the European
geographic and revenue and Benelux, being Eastern but in was performers. continued positive top businesses to European the experience year-over-year salvage performance operations regional varying our quarter, Central Our U.K., with every the market
positive Importantly, Italy region. which the revenue quarter in year-over-year growth, second of consecutive performance realized that reflected
Russia quarter, the quarter decision by European reduced sales approximately for organic into second the As to X.X% war during we growth the segment commenced. halted same-day all This mentioned of parts last when X%.
growth a the organic of lost same-day a in X.X%. Excluding but was When during strong. was bit whole, Russian down taken as Europe quarter, were pricing revenue, impact the European volumes the the
growth LKQ Program. margins Europe progress continue organic segment solid the European incremental make Alongside and segment EBITDA year-over-year. to achieved our quarter, sequentially double-digit both improvements, which our during We represented with X great
results positive Our focus procurement quarter. on actions, and generated teams branding private European label in the pricing initiatives
Europe program LKQ of I've in the driving it forever, productivity before, the element be said behind execution be the will us X to the years As with come. factor will improvements and
operating including Europe, challenges the the Given geopolitical exchange Europe's all in quarter. the foreign pleased I very in dynamics, am performance with current and
on move to comp. and segment. declined tough revenue for Organic a for the in our due quarter, largely specialty XX.X% services let's parts specialty year-over-year Now to
recall, organic growth segment last this the may in year. you As reported second XX% quarter of
still specialty So buoyant double the in on digits. team, record have been the revenue revenue the growth is a into if quarter performance XXXX. the well a Indeed, not would annual stack, for in X-year for second
RV of as a SEMA-related In truck vehicle RV category have during based growth the XX% Our the the in quarter. towing is offerings new that in quarter, new parts That decrease the RV quarter, quarter to RV were driven an sales by in vehicle segment light size Also, parts product important such certain in the the in for our level specialty category some offerings. to performed the volume. groups due demand was the volume, pickup the our whole underperformed particular, better of unit softness for exposure sales not unit of U.S. that nearly year-over-year down products and than part as the some said, majority as a more the
segment There Now increased service the quarter self revenue of segment source segment, business out services Service costs EBITDA Organic The which on for end impacted as were metals XX.X%. parts vehicle increased recent the a Service represents towards our category. this inventory. the to Self separate of and procurement year-over-year. for other Self commodities the had to softness rationale prices, the also precious also some were nondistribution breaking it Self revenue margins service. challenged we as majority in vast given in further for validates volatility
operation on continue Revenue wholesale for a experienced the revenue we though initial will don't first the to the trends. North to the rates it at move Let's double-digit growth America of year. have gotten in anticipate off half QX start, solid
segment quarter second is at witnessing rates continuing European growth start, levels. with also Our a good
rates growth experienced slowly specialty the of Lastly, now that year is revenue first trending towards half has in prior strong levels the lapsed back it XXXX. incredibly
We meaningful are segments. product pressures. are and some disruptions across delays level supply of resulting of all scarcity chain availability are and in creating shortages experiencing disruptions that our These freight
cost While challenges across businesses performance. supply like by we our supply Alongside are very have our driving and across along as wage chain inflationary passing the been inflation are increased costs, segments, these chain margin higher also in competition inflation globe, for effective witnessed all many facing we pressures, labor.
wage pressures at can and We of candidates and to all of the we that competitive ahead help our any attract. best rates with structure the are backfill ensure across segments open our positions we constantly stay turnover looking
equity battery development branch quarter, another Our our perspective, X In by second difficult employees, workshop not helping focus a former parts of Hess acquired United we received Batteries, the on concept us small just in Germany. JV labor corporate interest locations navigate in the in Netherlands, X Bumblebee The compensation, former LKQ businesses. the operation. Automotive we remanufacturing States, is a acquired Germany In acquired From markets. very small in we the and Europe, the total a aftermarket business EV partner rewards in
In closing the sale interest X the of small business on equity our divested during quarter, addition joint PGW in also our we to ventures.
strength deeper and campaign recycler having XXXX On parts our respected released success our global Boards, holistic recognized identity, strong year's new understanding and a gender our report underpin driving ESG the and the a transformation and the disclosures balance Lastly, LKQ accomplishments. new from vehicle the social organization on salvage provided company. unveiled focus XX/XX long-term X-plus stewardship. across diversity a on Women our our as education global XX, This Board But is Also movement financial accessories we is to I quarter, Report of our and performance. for widely award and turn and importance will environmental within another of that brand This distributor a efficacy impact of May understanding reflecting step and leading customers, initiatives corporate which LKQ advantages Sustainability leading front, in during and and sustainable in dismantler XXXX business. value-added a robust ESG services. with Boards known our you on the structure, evolving of both towards governance stockholders, over quarter and details ultimately of our CSR, we a of the efforts benefit will Varun, And and who and our through discussion now the acknowledges to the second communities. run employees diverse strong the company's
