of you Toby, Thanks, the for call all and to today. thanks joining
representing team continued X.X% compared sequential quarter prior improvement quarter a third and as second second we million our sequential quarter's an delivered last by bike as a the XX% results Marucci increase X.X% up from was sequential also of led quarter year. Our delivered reflected delivered growth, of increase growth This solid of consecutive provided another business, our growth. growth revenue, XX%, $XXX increase. of double-digit the which acquisition The to following quarter
the fatigue talk results more reductions upcoming call. in forecast the guidance demand While results for with and and high our this OEM the the the our their further of consistent outlook spending partners and the uncertain commentary our many Fox's underlying the later forecast for end discretionary rates, reductions macroeconomic interest I will third performance-defining during strong, companies, quarterly of These as elections. section products at align and these in are the quarter outlook, landed range, remain quarter. inflation reduced products the with by about innovative from lower in in and
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to implementing challenges decisively throughout the the responded our to both We've strengthen actions and immediate by year business. longer-term
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other We factory by Colorado closing a in and business have AAG taken plant more our efficiency strategic action also in improvements. making
our more the level is there must we and must have do, of and same world-class building we with do However, it brands. we in urgency commitment
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was quarter. a AAG. important taking has he with within significant step management, action reduce quarter, In over to improvement opportunities to inventory, process the change and has taken Dennis identified this of first drive his An
strategies We that are implement our to across this we expect year. similarly other businesses impactful developing
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price category, multiple points like improving have into to our move for MLB significantly acquisition addressable our consumers market, international our Marucci Recent accelerated entry the and bike growth and our partnership access initiatives, premium the while growth expanded brands.
Group, forecast from broader performance. Vehicle $XXX our down consumers, segment by ticket Powered a of discussion a prior discretionary $XXX were million, and OEM demand Turning in larger partners year reflects of net previously. in spending which to response now market deferral in to from quarter, reduction million sales the a as In conditions the mentioned our
issues utilization in continuing than OEM combined This production resulted This to ongoing hesitancy, consequently, has volumes and that at the anticipated. delay quality lower facility we are with margin the our impacted OEMs our in quarter. performance rates
category the moderation we're broader as in we're inconsistent general while well. demonstrated as truck year, has resilience continues OEM more demand through this improvement seeing within seeing pressures, to face our The some automotive the automotive the dealer continues we excess to now category In move destocking. and space historically inventory, weigh market sector, of premium on consumer to although gradual demand pace
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prior address to in well partners challenges, with levels market below with quarter. reductions within Similarly, appear taken the inventory line The demand this previously deliberately production managing OEM have dealer ongoing forecast we faces current segment the expectations. be retail consistent to our powersports of
be Fox PVG and a headwind, by to brand outlook remains demand customer to the though be the standard continues continues the consumers. sought within Even
if in fix channels can't fact, both of new PVG justify the they their customers the international which achieved vehicles In aftermarket, in level new over X current domestic highest will quarters, we bookings expense and a that the of in highlight one.
USA our customers, bikes new in new by in always, also [indiscernible] launching super racing. [indiscernible] announced win to a partnerships with We XXXX. motorcycling to roots return and QX, across new we In continue as our partnering under
off BRP In and with kicked side a CFMOTO line a new on the new on UTV. X-seater wins R and announced well new ZFORCE by Maverick partnership side, Outlander with we as as their products
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our prior $XXX Phase comprehensive X a the deep productivity. need both of the critical has dive million we've a assessment operations, led identifying transitioned facility Moving the optimize to drive to and closed to team, transition, strengthen were Alongside customers completed to AAG to improvement. improve in into position including included compared that opportunities, leadership relationships. business and further $XXX Colorado, AAG. business other to facilities Net the in we sales challenges And quarter. the inventory year approach a our [indiscernible] our to million phased clear and
executing taking we're which decisive action. on has Phase centered X, now,
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which inflecting watermark this margins recovery to market the capture a benefit the Thus, will XXXX. upward we significant to we future low through expect fourth and full removed rebounds. has before the constraint QX the has expect completing quarter, to positioned the year-end in us AAG However, when of growth, before be continue for
partners, Looking multiple platforms, common relationships increasing and new accessibility. ahead, and our other includes focuses X brand Phase components diversifying building and our potential marketplace overall partnering AAG a and for of initiatives. through and with existing plan This strategic upfit products aftermarket on new OEMs implementing to our expanding
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XX-inch ], RideTech Baja for In QX, with [ GM ] wheels Brenthel aftermarket lifts to to modernizes launches support suspension, Brothers. been launched the better our development received, designed suspension Fox X-inch fuel Body ] the that Ford These Mustang race by sector. our well and growth launched Sport the popular light truck Method in ] Truck [ XXXX have rear XX- and launched travel long continue system [ market. to and [ product the the wheels from front-end X- a teams with kits
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our some of wheels and aftermarket the providing of our is with our components in growth However, kits, resilience demonstrating continued strategy. the portfolio diversification strength [indiscernible] business the both buffer, of success and
well believe we're we sustainable maximize to right and growth operational inventory strengthen to restore our foundation our the portfolio, taking positioned, clear brand drive of strategy margins. With the the and power steps
to $XX reflecting a Marucci last inclusion compared and million In of SSG, $XXX million year, growth net increase from business. sales in were continued $XX million primarily bike the
year-over-year another potential ] [ this model. XX% significant our $XX quarter's last on flat operating business increase year-to-date, improvement delivered increase we sequential leverage Our bike expenses XX% in the in a QX. and achieved operating maintaining increase sales Notably, while sequential built demonstrating business with million in
our last XX months. business than more supports which year-over-year, outlook sequentially to seen and While we certainly return a the balanced grew have bike a in
the We not call to inventory destocking are complete. ready
As not or exit next every lumpiness into or said the I time have previously, that same at will year. will rate, customer persist and channel
category customers. and the bike maintaining us addressable positioning. OEM diversifying and quo, to OEMs the softness Our from The a the premium XX business entry of brand's further effectively has into consistent our while our status entry for some market, the the segment in doubling our top challenge premium in total transformative smaller premium opportunity us strategic strength represents buffered expansion
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wireless ] In the launched [ reviews Valve also new our positive third to NEO and overwhelming solutions early success. quarter, we Live
commitment premium the of at Another innovating sport. to end our the of example high-performance
to Turning Marucci.
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field series CAT new and world focused preparing bat our we as behind While with bat the Freeman, Freddie the Marucci XXXX. the Baseball are to as stars, become to utilizing particular are with MVP such Major the seeing excitement Marucci launch, XX partners League our official around we scenes bat beginning take and
a amount of story keeping year ensure work is that the The to XXXX first us multiyear of success busy is XX/X.
both Marucci as XXXX. softball that new product lines believe very House Victus set Hitter's we for investments up and in addition, well well In recent from as us
the deliver launches margins as capacity home build Some and of to these upcoming near-term runs. on we capability weigh product likely will
excitement With the that on we items they is it around their all brings immediate some of acknowledge discretionary during me signs also softness from for this comments period, are of which important business, uncertain Marucci to budgets needs against outlook. as their our seeing balance consumer with some this
recent on for providing OEM across on and well from the segments tempered think have Based quarter the will we a upcoming are as all view this as forecast feedback performance we our and private only is QX, partners public OEM detail. challenges. of review in their these more customers latest prudent based We for that Dennis the ongoing received
thoughts XXXX. our influencing These dynamics are around early also
the bike, and our remain for While as as we're aftermarket retail to environment base customer our well PVG, case in new Marucci group, capture is growth poised industry to expectation challenging. wins in applications
can Dennis earlier taking demand as refills more we margins line be as we growth, to the highlighted will EBITDA macro. will set X drive generation, pipeline actions in However, success our for and cash profile, If consumer recapture detail, driving discuss of best-in-class flow improvement for even up regardless the in initiatives near-term our exponential robust recapture diminished as with top ourselves I decisive and will improved growth. we
this invest control, sentiment in while partners. Nonetheless, the customers, we costs. new [indiscernible] the conditions broader our of the create to on As aggressively which and to and year, strength we depend continuing what existing will the on we products OEM largely macroeconomic overall pace of traction magnitude and reliability recovery around can with innovation new are is drive that and focused managing consumer
turn over the that, with Dennis. call I'll to And
