everyone. morning, good call. the to likewise, and Welcome second John, you, Thank XXXX quarter
were milestone first $XXX.X us. with quarter quarter of for is revenue, the This net great Clearly revenue, profit, another had grew which Revenue in for those a Record quarter in here million. us, and who QX $X ever revenue. to million when for obviously, especially quarter was we our where for income. gross $XXX symbolic XX.X% great EBITDA, a us exceeded million we is
previous over So XX% QX another up about QX to last was XX% just growing The region, the to under sequentially region quarter U.S. and compared for That high XXXX solid which million. great our had of revenue XX.X% quarter, $XX.X was year. quarter.
is improve, business and to attached our of with and probably momentum sales, and some so so for rates, have the that another production which New past the new OEM years, has demand we’re And that’s spite that continuing. benefiting good helped which good business. well new of business, performed services for the dealership overall sales in to, car July car good many continued from interest expected. for overall inventories see pent-up had aftermarket, few illustrate improved the OEM element month the then have OEMs was we car
I think in it’s really fair to probably in say results. aftermarket, it’s the showing from off the year ago pitch the but that we’re fever a not
that we see results even all apart but to were we So pick would that hard if say than ago, one you the better see think happening what’s in I to year today, business.
So, with we’re it. very happy
regions China, quarters, their had excluding most near-record the cases, record exceeded In All our case of previous of really, America. in Latin significantly high. these revenues record or
than higher finished XX% Continental was region’s high. the the $X.X million quarter, the just Europe which example, for For previous under
throes than China performed prior China as better thought digits, We so obviously, in the QX about, were year. it’d as the in the expectations for a that’s we last down consistent the But little maybe talked quarter, not of be Revenue over an comp bit the easy XXXX. that up to for single but we’ve our X.X% was challenges significant. I in call. think
hasn’t was to macro China to all which, much. really out that’s I is be XX% up $X.X Sequentially, said, like news million The China where we expected. So, expected. of changed
sort of those mixed, still for of it’s think you it. following I
total year of through half quarters. we’ve go quarterly increases year, the the relatively year year outlook the back -- hasn’t been and we QX like with last year of our that changed, for to in expect QX we few rest year, and for the that but revenue a for the the so, total as the sequential And and region performance talking for in improving flat about now
I a by previously, we’re the in mentioned of our China. also what but team whole we the putting can Timing positioning assist visibility in for year of be of corporate deliveries shift the better more part terms to we we dynamic China will of the the that one of as inclusive quarters to distributor the out. give And in think larger demonstrating the and have China, doing process region from for world. and sell-in orders That’s versus that more continuing us important in grow Asia-focused for where we sell-through China can in to period China another elsewhere shake focus general the versus in how in have dynamic two of don’t as deliveries final that
talking the the about for for talking we be seen market. which to along rest the revenue a that really, the conservative seem of of in around or right Expectations when China slightly QX of car terms results, but take with some year, for will deliveries, new be uncertainty it, haven’t view U.S. we about in rather above are QX. If mixed our sales expectations
first robust by then be timing higher to are would of However, of like year QX if million more we the several favorable, half QX the expect the dollars. deliveries the business than China remains and/or the revenue
as to the I still should but of think timing way. year, rest for solid either uncertainty the that be some there’s the of So,
Our in minus be mentioned. to or to total is And plus is for as China, range. so just growth I estimated difference, the that, terms probably of the still in timing going XX% to year now the right XX% annual around XX%, that we’re
up set still So year. good have a to really
that off acquiring wins to remains small programs And The the of expansion for since had we’re Obviously, was. a our Australia international next take base, to we Our is cash to but and a plan distributor. generating. labor within a Xx under top larger We’ve year. Xx than a year. priority it tremendous now Australia reinvesting in our our business priority in
for think of most the are, kind our you applicable all So, regions equally we the see of world. all business part, of in facets
kind So, labor it has reason while really U.S. see of we no dominated that in limit to and the Canada, way.
India and the comparison, Asia, for us interesting points are deeper Other investment markets Latin priority everything when these where markets market India. like a in and for also, America, a in looking direct using as for other the learned China, we’ve at we strategy gone particularly then especially in engagement
in tremendous next half reorganize way sort substantial is this next of of to work So, for Company area around the in -- and year. the a priority actually markets of expect an we us, these
opportunity us. And tremendous lot work business healthy that and be see very it’s thesis markets to we then core we harder have the in invest for should present, why many that So, comes a to we in core there’s exists of a in business after core, that the obviously, And we’re world. these. in and much a these but markets, if direct
margin results. We coming pleased with XX%. in performance in gross the margin that at margin had the had I and the initiatives we’ve quarter, nice gross gross mean, very
of channel where factors more of some where higher costs which products partner in to is We concessions years. that’s out see products, with channels, mix, recalibrate, suppliers, margin in for to sort us of in get two negotiating our and a contributing are other of we’re we of new expansion our chain discounts that been been of over our along also material biggest We’ve and past to the in gross good this one bill the global benefited terms growing everyone’s line product and the continue in supply gross mix, gross margin. profitable the of margin reductions the and as continues some position to then
contributing as well. So factor that’s a
drivers, XX%, finish years, possible XX%. end forecast view, XX% this still next do be it We’ve be higher incrementally the where that’s expecting have the our with XX expectations of on sort we’ll of that we in I months, the a to of of the and see gross would necessarily holding of complicated higher to a It future bit it’s based is can although it not but part year terminal that We of kind to But over going driving increasingly going driver revenue say. margin than next mix. higher revenue, each their what and is possible. from an margin mix that do in we’re gross own that at remains than got
-- These We million, a to share during to and continue QX. amazing the to which compared expensive in business our would costs the records $X.XX as $XX.X mention conference, have was growing to both in for a [$X.XX] XX.X% the are period the quarter. see (sic) leverage EPS at $X.XX the Barry in also later, was for dealer year, excluding but XX.X% prior great million. net will quarter, been growing the quarter, EBITDA very income EPS which to company. was for very $XX.X related
really a there. good So number
This is services this new the marketing, really our to specifically and heavily deliver sort item. product And in investing year, years. over we’ve and team, really been technology, SG&A software, of in line products new the coming
which is gross net it seeing structure margin business some we’re think I than gross some we profile benefiting is actually growth with the you’re as So, of by just SG&A incremental the offset and better. margins cost improvement, gross operate the it that the generating. but is overall growth margin But we’re more of that the investment, offsetting of of
So key had be this anything at investment down and could of not into set either these we an plans the else. coming that important up the any on we future, to areas double our macro year that those looking in altered way, for the found or year us we’ve
of of seeing really you’re sort us. So, level for investment full the
on the has it and of things. half back of probably timing just towards second shifted with year, the quarter hires new of Some
the lack scaling I positions it that than we quarter talked that a or desire and to call. change about investments. those just decision more first But the scaling, of does of a just headcount the in make on think timing reflects those
talk were, then will timing operating modestly $XX generated in we some through not reversed. it levels sort reducing items, We with almost first issues, for timing of the quarter. just days hands on they quarter in Working growing saw about year Inventory are Barry other are capital, the more the of million elements. and the cash later. the like
one long very the if of, they over come flat inventory reduction came as down? a we’d dramatic now, think, ramp seen way. years so cash, cash into we’ve lots So, has so of we because to there’s do levels And that that business don’t in think you’re much hand. they happens. and a happy the amount or so growing, massive some days is to question even reverse consuming how trend I a do the or few question on off this of quickly down that And that they well, that said you’re run we be inventory thing inventory we’ve without do fall reducing I of And saw modestly, of as we know generating and keep seeing seeing past out in stayed big want this this if wagon wheels in inventory, we’re the been
couldn’t happier to expect do that. forward. We So that going about be continue
Our that expect acquisition do we this. able primarily drive very We on An a all what small asked, margin some footing additional larger utilize that these scale think Company, much lesser practical in lesser these limits on we’re acquisitions acquisition as a a full. strategy the difference. which different have risk make active predicated business -- would remain looking of and is the And in because completely on consider, acquisitions on cash the from of existential could standpoint, internal performance. given But different a we bets, on and the would acquisitions to most to at to equal the to sort extent be calculus game. pipeline and to because there’s business financial reinvest be it this we much of to little we reinvestment gross further an the get up CapEx we
issue. without to expect use certainly to any this in do be next cash, the XX, XX event, out we months So, able
which obviously. new to up Speaking what in business. our the completely their to really be DAPNext, platform, in for are version and and tool can help to we DAP response an operations, do to adding features to increase these partner success, doing area end been marketing, investing new platform, great, of confidence setting see to just addition in, would released of this all better. we’re important is our that -- what we’ve to are we’re then being allow them our of business their Part here one serve to pricing, new profitability platform will of new to give reinvest customers the be Customer ourselves has this to their then definitely only related been them And QX. migrated by all as them we to businesses the in best and us grow the our
So, here, and whole that really our Thanks outstanding Everyone of have And of there’s down contributions. all your of moment. I’m never I’m really all you team. to thankful a thankful us. to for quarter for them great all hard and pushes and results, delivered to --
So over with that, to we’ll Barry, then ahead. take turn it and Barry, go questions.
