diluted the products. for the X% versus improvement XX%. improved XX%, benefit basis basis, $X.XX, the as-adjusted power an an On operating but increase by Dave. XXX down quarter points, quarter of translated of second X% X%, impressive a of leverage of up EPS was Operating were without margin XXXX. Thanks, which Sales an earnings into
sales segment, margin On increased versus Operating a engines. grew an revenue X% horsepower earnings sterndrive net X% below points. demand the In marine for of X% engines basis, engines. engine year-to-date led outboard of with sales basis, continued higher and organic the XX% without basis and power by sales are have benefit of outboard On XXX growth strong flat XXXX, and robust from by up acquisitions. and primarily down were XXX-horsepower products decreased resulting
be an impacting are share where U.S. power OEM continues despite Mercury including the position. Canada, the relatively cuts of declines portions products, in market weather and the challenging production business accessories or parts Note in that overindexed unanticipated P&A These distribution businesses and Northern the has enhanced addition the first Mercury business, half to due flat with power products. and performance to of demand by freshwater the aftermarket remained the The of market. especially the products associated
adjusted were XX% softer but earnings increased performance. outpaced to mostly industry OEMs Sales still Mercury's due quarter the power products. in to operating
addition, in a changes point and XXX adjusted impact control rates. changes the and more of margins in offset basis XX%. exchange This cost In performance increase mix leverage impacts favorable and than the of measures in tariffs resulted operating sales foreign in unfavorable operating from
of with revenue category of strong Lund. business flat X%, down quarter yacht the were freshwater for fish leading declines at By the larger pontoon sales at Sea aluminum improved the category, value, off toward decreased boat several sales and impact the were mix gains as overall after fiberglass yacht fishing Saltwater slightly sport in year. segment, down sales Recreational adjusted last years and In has by offset leveled growth. sales to the exited product excludes was which Ray. as increased industry
the were of on hand, benefits impact year. increases. relatively quarter retail content pipelines increased, boats, on from ended discounts basis, the along control Overall, boats lower measures cost half Dealer from offset prices operating year. measured average a weeks and trailing selling five Adjusted with in required XX-month volume is to up on expanded last lower as stable the margins pipelines of higher XX which second with inflationary of price weeks reflecting the
is However, versus up first of basis, unit only on X% a field the end half inventory XXXX. the of
comprised note aluminum, where portion trailed fish to the has that expectations. increase pontoons is and important market of of a demand It's substantial most
retail activity by we to months our trends X% that over quarter, very versus with reflecting sold the performance. of The period. X% to QX expected unit a every shipments the close attempting pipelines, discuss retail is we and year-to-date. second XX pay in down slower influenced wholesale were metrics quarter match of to decrease As attention Wholesale weeks-on-hand XXXX the past
wholesale necessary in in recent greater half In our to pipelines. market spite attempts normalize are respond the reductions demand, to of second quarters to
shipments a levels As in half, base meaningfully planning necessary year-end that with units to second resulting to versus overall and solid a is entering XXXX, consistent result, XXXX. demand, lower in pipelines realign down wholesale are are on overall weeks-on-hand providing basis, the significantly a which we at in
as-adjusted quarter in primarily cost of items, second also excluded charges impairment results reflect related our the and totaling to results. million, recorded been actions We which $X.X Our GAAP operations have continuing other enterprise. from the exit the impact across certain restructuring, taken quarter
million products addition, products. related amortization Freedom yacht and the and charges legacy, boat $X.X sport of to In product we and discounts warranty power purchase million accounting of in with related club connection yacht and $X.X acquisitions, incurred to
$X.XX cost-reduction up sales now operating and of of half benefits percent revising the to improvement be efforts, which per to solid year the are activities are low of operating including We in gross adjusted the and revenue diluted in in share. is rebalancing anticipate incorporates for range repurchases. and margins. mid-single-digit $X.XX from back share This slightly to due volumes XXXX growth versus to pipeline offsetting earnings the guidance EPS, year, lower We our which full
range the of quarter, to operating to share. high revenue third we percent, the $X.XX EPS anticipate per and $X.XX mid- For down be single-digit in to an earnings
Moving wave call, on pre-tax to related million net from earnings tariffs. of May. levels which $XX XX% XXXX the to anticipate is $XX three solely to to to from first-quarter the an a increase early impact discussed We China XX% in of tariffs increasing million, the
of our impact to tariff increase overall We impact pricing our supply the assumptions. base continue with end-product these line minimize to with tariffs affected with our supply or work to costs ability in reduce
to On exports were boat the boat side, quarter. in the lifted the retaliatory on tariffs Canada
our earlier, Dave As I that remains comparisons on conclude a impact on for tariffs and will the our of and into XXXX. to impact on the should half items with favorable mentioned The an second certain EU flow in have will boat update plan. of cash the exports incorporated unchanged this P&L retaliatory year. impact
free excess $XXX working the due of for and in initial primarily million, capital lower XXXX slightly down from projections anticipate year cash higher the earnings anticipated We in usage. flow to
assumption future initial which the estimate slightly versus for to a $XX implementing capacity funding allows share average continue for approximate as still of be a and strategy. diluted XX%, reduction Our previous will acquisitions that successfully our generation anticipate And we our shares year. result repurchase finally, approximately the of than book lower cash million, capital million. XXXX tax growth, estimate outstanding X% planned activity, ample $XX.X We investments effective flow including to in our rate is
taking Dave for plan year, assumptions strategy sale fitness earlier, As the proceeds. discussed. our was which into capital continue the execute revised updated described actions we account slide against This to shows augmented the by the
exit in capacity higher Our with also brands, to remains like capital premium favorable outboard expenditure cash than pension I'd development were horsepower related the on final requirements plan that product note to and investments for more engines. associated the focused our anticipated.
call turn now outlook will the to to Dave back continue comments. I our
