challenges I and the alternatives suppliers our of reviewing our that are press to the business. our you dedication for shareholders, collectively company start off to review during as expressing participating Thank the for today's and employees, would Jeff, morning Board to Yesterday, for good all is who continued strategic company. the through a release you, of continued faced our quarter. announcing to customers you like Thank your many industry second your to the support quarter we results. navigate gratitude issued in all the
have sale the As shareholder review of the portion the we its release, noted in of reflects the the multiple to business. press of alternatives a commitment Board's involve maximizing or entirety inbounds, value. could received Strategic and
and While actions focused this management our address occurs, unlocking relationships. Today, associated and commercial second remains spend. customer products, deep our we our review iconic to the taking innovative our value controllable on are solidify the operations and position, mitigate results long-standing the will quarter we for with brands improve
was business, factors volumes with quarter external impacting mix. challenging second negatively our many The sales and including, notably, volume
endure the quarter, top customers impact inventory supply heightened tensions quarter, and constraints all levels rising product the the held consumables. of resulted significant of of non-OEM impact the and you line on in our to and uncertainty margin. the duration to During associated of witness experienced continue continue the geopolitical virtually across conflicts on inflation to with pricing trajectory impact faced inflation, They beginning chain add a the that at world and consumers around our availability. at in it When
represented the of described. assessment back changing just the pulled economic assess I in Our that consumers quarter the as is purchases our they impact on factors during marketplace
on uncontrollable committed, it success. positioning is in the call remain May, During a focused We our despite performance. management our the and external last we and factors, business improving to of emphasized company's commitment number for
prior but our performance an X present are Page to on consistency this in financials quarter summarizing with we for releases, page. maintaining Turning the James will overview. detail,
we volumes to the or OEM customers within Net the suppressed driving chain shortage limited compared last million semiconductor sales the shorted negotiated the issues; order with factors: impact during levels period; with towards OEM down availability. the as end quarter, few three were component quarter non-OEM some Some held $XX approximately was quarter, pricing however, being until volume the the OEM exceptions, down period was overall comments lower were that of million, production improve quarter starting Sales events our inventory customers relative by a channels, quarter. after driven the being our during continue volume by impact of our throughout due recoveries. never to with Note end. incremental our $XX.X and offset year. actions any to with higher Note due not supply throughput two, began production partially pricing to quarter of to to the finalized that primarily the be throughout
continue see the to increases price customers' based of volumes due we've previously inventory portion a recognition impact secured delayed levels. to our We of lower on of our
either that our exception and I down an the slides, of ended review our channels, the our we channel, which primary retained compared Note to as were volume QX that growth, XXXX. quarter with have will With XX.X% in book global further large channels the expanded a our market Americas note to industrial in posted as or $XX.X million. share. leaves OEM in drivers market a of other material but to coupled non-OEM couple this at delta softening, This availability, the North we America with strong our year. order overall prior
remained elevated increases quarter our million lower reduced also XXXX. against to being by This elevated While $XX levels one, QX of inventories it in-transit tied cost inventory of the XXXX. QX and was continued from from approximately orders, inbound value year-over-year
operational orders That actions not levels the reduction talk actions in Inventory discussed call, were on the and drivers. a to and overhead, the on based based inventory. cost levels, We'll these has selling controlling flow-through our purchase initiated, We the in service few inbound aforementioned of any new absent with existing have strong season, the ready the expected minutes. demand orders taper year customers expected have quarter's at we coupled current half focused of of in on the a off are out stand last As spending. prepared back variable we all we to but materialized and Americas. for in about season season
to to move the Further this macroeconomic tied the our on half industry of XXXX versus Starting indicators side Page of impacting detail is the first to shown with Let's for headwinds the page. the the X. left-hand year metrics industry XXXX.
New were by in while vehicle sales down down America also North new registrations there vehicle XX%, in were Europe XX%.
for OEM from that follow-on used the with this releases While production quarter, of the a saw significant car our non-OEM reduction, end into our June represents customer vehicles sales push was forward increased America of the Without of to sales. resulting in a in used for turnover North towards vehicles critical This our new were down we the is lower marketplace, channel. accessorize. is we and there exited second the driver volume A strong us cars demand and this for XX%. customers less
registrations being This shipments from order book strength XX% trailer sales were reporting. lags X% reflecting down up demand, driving segment. bit with of interest news. prior continued May, little the volume good a the boat North and America, this continued and accessory year as and outdoor New of in through consumer report remains strong, be to the RV in in terms the producers'
June. XX Many sentiment hit of are in ended we so Europe These regions and its lowest at overcome, in a assessed constrained consumer and engineering, the Consumer consumers, evidenced products our continued and economic prices validated of short at rise efforts delivered University for to the of over so expedited trend sentiment as lofty depressed month our are downward them the headwinds surprising. on issues to were its these study really production XX teams, into left-hand the page. years. foremost, the time, the to we indicators, and of Moving rates for X% the customers. in U.S. which continuously we again, scoring the what point alternatives logistics First in side Through listed similarly continue have results combined the June, both of not production. we done? scoring. representing limiting fuel amount to through had Michigan our Inflation purchasing to and
base address internal our to the constraints, of also expansion with while integrate We vertically supply production. continued capacities and in-source to leveraging
and secure growth history the of accelerated portfolio development not continuing are the our we the our most through second These in the upgrade we to but to half new business. the back, in pull resulting did continued launches period During activities, We and profitable new the first our product company. quarter, with expectations. for launches aligned
left business Continued for wins economic close and offering be as operational unsettled to our recoveries and quarter. Pricing This well Romania continued out actions and negotiations, European OEM was which the prior response as with to were the either site negotiations the of Romania initiative. Eastern address with start both investment in region. a continued our new rewarded to or further the throughout direct product capabilities, footprint, our at the period our to recovery
were actions recognized several second or earlier, noted the not steam. end the improvement full are quarter. actions As at Continuous of until closed after
and improvements. Our cost leading Sigma improve employee Lean capacity initiatives and to continue safety, production Six to
of actions will going actions the these multiple forward. degree be carried some of While implementation, for investment seen rewards
America flexing manufacturing with in aggressively our in the to are demand. We change patterns operational and align at distribution sites and North staffing
business these efforts of While all will costs results be well, will seen These some across there actions will continue going our assigned as to forward. levels positive forward. of be the aspects going
workforce of the and, amongst we shifts us, redeployed in locations demand. our Europe optimize shift and allows to This of to demands continue workforce our region. particular in cost plants our to support across We of to unions, members our level the production both note, customers with protect of with
business also operational aligned quarter with targeted during Our improvement is and on total significant quality is the objectives. enterprise and results focus our processes yielding
compliance rates compliant across off action to Europe, SAP company's the and Our ESG full leveraging the platform, history. with our practices the across North our Carbon are across in building categories, quote completion our OEM in ERP the best results Romania reaching notable auditing best Continue the starting package improvements our to initiated are are Product customer board. QX IATF American and of launch continue the our scorecards fully history. in American we'll Disclosure the defect facility. with and being and North region. company's new the reporting chemical the in deployment, Project requirements. same in all with business improve ISO We
we our with which XX.X% increase, business as impact high reduction XX.X% bottom To throttled expect our purchases Americas are million We our levels, line, positively our to direct to of combat working segment. $XX we in expanding top capital a our year-over-year or line continue and by inventory a evidenced position. year-over-year our import approximately
centers also Kansas in warehouse We City. footprint, one regional recent optimize the distribution of in our our the including of primary continue into distribution consolidation to our Americas
with positioning As Horizon and banking for our sustainability can growth. on are you see actions, and Global long-term we
can you and during adjusted well our XXXX, page, as this On has as XXXX. QX including, X. Page see net comparable global to for of QX through period, move periods Let's the A EBITDA happened pandemic. course, performance a sales back going this lot
it at million, Net a reflected So important is This to to sharper comparison is our QX of million. sales decreased to XXXX XXXX performance. from significantly while due by volumes. decline $XX.X the approximately decrease QX $XX.X look reduced historical
that our channels. was the addition In volume negatively sales performance higher-margin away shifted by to impacted mix reduction, our from sales
OEM unfavorably ties net we especially in the lack XXXX. impacted approximately to constraints. Americas. supply traditional in also margin traditionally season, schedules of chain the disrupted what our dropped We were aftermarket a Specifically, from as view sales sales by the directly million by in same This $XX.X driven our channel, period channel, selling production highest QX back
However, OEM side the towards a the end stabilization the of on quarter. saw we
inbounds were pricing So of Performance was of slower impacted sales pricing volume/mix also negatively certain improved. heavily The or OEM recovery overall, but to multiple our due share new delayed flow-through in impacted inventories, market levels. lower resulting by factors, our recognition between impacted and performance. by customers' non-OEM sales remained some at
Turning X. to Page
XXXX. slight has mentioned call, half our there see an CRU the a steel both costs we from overall expected QX last on peak and in MEPS uptick was QX As occurred, soften in second softening XXXX, indexes the in in to Though XXXX.
the or this still with to particular, improvements remain. and year. expect back the expect, well We further stabilization In half of indexes in project, and Americas, we below the the peak to condition XXXX the respect are levels
generally operational As the quarter to on impact a is a relative one in to two cost reminder, our steel lag. recognized performance
our will or take as We address to pricing to supply indexes to necessary. chain monitor continue actions costs these
Page to Moving X.
on peak talked this decrease, softening continued XXXX XXXX have in to costs we in see Over the can rates the spikes half few America, in last XXXX. half North quarters, rate the second graph. substantially cost about you as back in first rates. XXXX of have QX half and freight below Average the of including is Freight rate container
occurred XXXX. both refine regions times This diversification continue as as reduced our as supply leverage rebalancing are in well execute throughout to has transportation in that reduced and port well strategy diversions. transit led Further cost We underway network. in decrease to to as costly distribution and actions and efforts optimize rates and actions ground our container early and significant
Page to Moving XX.
As Please $XX the Americas our of the note value customers levels. non-OEM economics in own impact entered inventory volumes of slowed resulted our earlier. I sales previously with mentioned, the heightened million, which inbound of of orders inventory number in by elevated in mentioned reduced was inventory the the that levels. QX approximately terms This and impacted our
increase we with volumes off, volumes, This the the reduce will of an remains inventory uptick As inventory half inbound purchasing and expect conveyed the reduced in was of our is an back year. at sold orders inventory last coupled reduction plan. outlook and sales of call which, our customers throughout
continued and have to We to meet to objectives. plans have adjust seen what QX same in our these our meet production we purchases
the side quarter through from see we comparison XXXX. X X of net On by can page, XXXX, the segment sales quarter right-hand
than previously multiple by issues. from driven resulted expected net well for As reaction lower mix shift unfavorable season, the non-OE consumer sales significantly mentioned, as as to traditional of to away lack higher-margin, economic were lower the quarter selling volumes sales sales. the in due This
James, brings away. our considerable leadership and saw to the in him announced, displayed previously a short our is Zhou James experience driving new the as significant improvements have As CFO. leadership company. in pleased and are take to time has team, qualities James in we it and we throughout
