quarter everyone. to second earnings good XXXX conference morning, and call. Tim, Welcome you, Thank our
transition to last part share results role of the as quarter, into a my XX days. the thoughts few the CEO turn like I'd over of we to Before the
Company's an honor XXX-year serve a nearly in and history. Parts Genuine as only foremost, to the sixth CEO First privilege it's and
over offering the our people and GPC founded well special taking remain will a business has consistently. years of This served has our our and care of which efficiently culture, to incredibly core solutions element on a our was and customers foundation.
last the I'll months, as and engaging a move that suppliers our As of with part the come world. emphasis few teammates, forward. key spent areas have time our several discussions and I've of share those over we the of customers messages that out transition around
our First, leverage an as culture advantage.
a have We differentiated unique and culture.
engagement global extend employees That's but of our Our GPC. to the we incredibly evolve nurture a for we advantage, strong shows must over leadership the customers must fact are our which our of data is unique vast our and markets. our majority years. work proud testament We to also culture are continuously to consistent our and a proud with
Second, teams. high-performing build
have we talent work intentional employer of to Our continuously as choice. strategies an be been
of around but our understanding have we amplify impact the vision, We when together, a organization are a our leaders group shared have world energized who and teams of clear to and results. values deliver build relentlessly solve problems high-performing aligned capable the that work we throughout
an businesses faster, in challenges, we we value. advantage. and we exciting our together more share market-leading opportunities. We creates size and significant best solve we're we X to to capabilities efficient act capture believe exciting GPC And with core as on opportunities. create Third, streamlined common and and positions practices invest scale focus We when work
years over and doing. organization to opportunities our Fourth, to initiatives in we focus defined We've X strategies and place. execute X We the work as and the believe last global right a the together that our have plans. prioritize worked we're understand
increase productivity. disciplined approach leveraging deliver reduce world We're priorities, the culture, disciplined including and talent and key technology, improve to intentional, the changing. is strategy. expertise chain emerging experience, we're We and around sales align and we're customer effectiveness, acquisition supply a technology, focused complexity, complemented X globally by profitable This around growth not
focused satisfied and and And with the made be to recent we striving sequential work momentum. We be good, progress but improve. instead our company on faster play do. be of that can't we're to working great, to our to to over continuous lastly, as in always years, continuously a we've win great on hard teammates, all improvement Thanks build better
Genuine passion our Overall, than XX,XXX to say to I company it's our I'm customers. over each their the fair about the we future want global a teammates energized and for have thank for more opportunities ever serving of as ongoing Company. for GPC Parts
macro to good, navigating hard to challenging delivering customers serving executing always, a work. day, every dynamic Thank of teams our addition and a as while you all, our are In set initiatives, environment. and on your broad for
April second Now $X period specifics tough across few of A quarter X% to include: which in sales prior versus highlights same our the start let's to the for GPC total billion, segments. month results. year the sales increased in of turn and particularly quarter both approximately a weak quarterly with included the the
in U.S., priority Michigan, initiative with Equipment and Iowa, own stores our NAPA XX pricing our May, with points, sourcing execution margin continued independent It's Minnesota Motor Illinois, a across gross more Corporation, owner in the Wisconsin. locations and company basis and Parts a NAPA announced strategic And markets. to great of of Total increased acquisition largest in initiatives. we ongoing the network of XXX of example Indiana,
key demand ongoing expectations. year-over-year accelerated cover will the flat U.S. control, interest in rates, our the weaker earnings can resulted Our outside quarter, inflation This and persistent geopolitical attributed adjusted automotive in the shortly. aftermarket weaker-than-anticipated The Europe overall themes: of which choppy be in in driving below softness detail to X more demand uncertainty Bert for including Many factors were demand in second results higher inflation in and cost customer weaker demand. are our and quarter customer industrial, environment variance
business segment. Looking at results our by
look our industrial the production X.X%. of headwind the quarter, second versus X% business, were sales we at the remains decrease the performance for period and a lagging When $X.X were for activity. Industrial year, billion, sales During main last total comparable same sales Global approximately down industrial
index as manufacturing XX past by represented the to since period be Over in financial in readings a longest continue the XX. months, below XXXX, crisis of PMI contraction the PMI
positive While into we versus daily out an quarter, territory back May cautiously relatively coming the were and contraction PMI quarter. and reading expectation From sales saw monthly improving the our backdrop second first March in cadence softer average of of the during optimistic readings flat in April a in perspective, June. a reverted
larger rate higher capital remain the addition, election cautious. is diversified interest decisions In base spending uncertainty as curving customer an our across and environment they
performance still at Looking Motion's across mixed seeing across board. results markets served, we're the end its
softness, which end first quarter, equipment the and the relative line quarter, by our Five fabricated with metals in a weakness Motion's corporate account of strength XX approximately of was proposition. true during in market markets positive machinery, showed which from the the to Despite with cement. mining positive coming XX% and growth, customer continues testament to business, which growth showing offset and represents is and Motion's base, strong second and is chemicals, perform aggregates well value
from the sales, million, versus the period the account last successfully prior sales same in was renewed with XX.X% year Motion during of profit representing agreements field down Industrial corporate second and team Additionally, multiyear key initiatives. decrease approximately the several quarter year. segment quarter, active X% approximate $XXX various XX-basis-point second and an remains well-defined
and given was Our by offset performance, pressures. the business business well despite economic Australasia, environment local performed pressure in the in from challenging cost North America softer but our sales
Automotive were in an comparable Global sales X%, the billion, to decreasing $X.X increase the Turning Sales with segment. second store of X.X%. quarter
Global second quarter, currency. in the the less we the in to the expect automotive growth the geographies all local half of and During Similar the quarter year. quarter, our from benefit the showed Automotive X% in first back inflation same remained sales positive sales of than
was down decrease versus and Global from X.X% of year representing Automotive a last prior segment the $XXX profit sales, second in the XX-basis-point period same X.X% year. million, quarter
environment reflects second Our the costs inflation Automotive across higher segment Global a results from our outpacing combined driving for and growth. pressures with sales geographies, quarter sales challenging
turn broadening approximately automotive X% in and in total growth in Europe Starting performance local of of let's demand sales sales quarter. across through moderation geography. to in our our growth Now geographies the X%. approximately delivered We've our the comparable business in currency seen a team Europe, by
by from above-market delivering performance. this, reduced teams now driven serving a Despite is our our an more and incrementally as consumer benefit X%. well this customers, which than on less focused also as initiatives believe are is sales inflation, strategic We delivering cautious our on
We're with expansion accounts NAPA share brand the winning key a target be and continues differentiator. to
on track to initial EUR sales we're XXXX, excess For XXX target. in NAPA-branded above products million, of internal deliver our of
positive also activity acquisition have value in bolt-on ongoing to impact and a Europe. continues Our create
period The last both showing macro in to executing quarter, single-digit second approximately quarter commercial In second Sales comparable excess local position. and this of high grow X%. Asia in quarter, increased in the automotive compares take and growth well of Pac retail the are currency, industry-leading in with strength. business, teams environment their challenging X% the remains in growth region, same market the the retail for to a with Similar to last of sales in sales advantage but performance year. the relative increased
X% In currency during the in quarter, sales comparable Canada, with decreasing X%. local sales increased second approximately
consumer ongoing team having more similarly positive pressure showed during vehicle quarter, and automotive both first macro cautious environment. Canadian sequential the from a slightly growth. and Our heavy in quarter, the from Sales with despite improvement performed difficult
reported This decreasing quarter, In from sequentially results during the line the quarter the was U.S., our second automotive sales represents and slight sales increased generally a expectations. in our X.X% with with in improvement comparable first X.X%.
solid the the our pressured of looked then showed in sales the sales growth sequential April through at quarter, we improvement throughout and cadence was remainder daily quarter. As average
benefited in results acquisition also our Our overall from MPEC May.
customer during with both sales were commercial down the and our From segment do-it-yourself. customers commercial a quarter, perspective, outpacing do-it-yourself to slightly
were government, on all as group, underperformed end repairs. other in AutoCare fleet customers cautious from of driven while and commercial, deferrals accounts we're by For the continued seeing major elevated wholesale levels consumer line, and certain essentially
we of normalized For we is year. balance owners, saw trend of believe continue which will buying sales store independent behavior, into the a another the quarter more throughout our
Automotive encouraged across business, progress initiatives and the by they're the improvements we're and active U.S. that have delivering. We our
stocking quarter, in we During rates saw we categories opportunity. had improvements fill and the specific second for where further levels inventory
Additionally, stores focused improvement. these to the pleased on DCs, which continuous intensely and results, team sequential we're our metrics. better execution We're continues but with in the driving elevate customer service is
Automotive priority initiative to model in more U.S. And operating finally, own stores we're to selected our our markets. good at making evolve on progress
recent the and improved of being synergy Our focus a into independent NAPA capture. integrated with network, acquisitions stores on performance are
owners parallel, to In network our partner who our serve existing continue independent important role markets. with an local play to us of we help
designed to improve initiatives company-owned operational Our stores. in growth and in-flight independently-owned current both and are excellence
methodical base. independent We're leveraging We'll markets. integrate second key integration stores store these make to with through stores to XXX the as owning into we remains the the in the year NAPA we half owners quarter, year. our linear expect don't second from stores be strategy During as of the continue in we acquisition of although our progress acquired our as the as disciplined competitive stores well our pipeline more own pace active, playbook recent
earnings mind, particularly and moment. pertains all prudent believe will With the evolving outlook XXXX color expectations these outlook, per a the Bert half and our the adjust information sales in year share. us, we in our on European for We further factors market based to provide and to second of industrial as for it moderated the current to available it's
the fact car the While like the our anticipated, We where and remain driven, business prices increasingly from softer initiatives industry automotive, as many commercial prospects this age position industry robust. supportive. nondiscretionary and customer than Within the complex of and a serves in-flight the economic fleet. customer vehicle given nature. view We used fundamental like business for growth that commercial we are core as fix engine fundamentals brake our the remain of the benefit backdrop new we NAPA's miles in and repairs vehicle the quarterly reflect park results our
periods business an a Studying advantage Within territory. cycles improved. see into Industrial, different PMI long a once XX-and-growing is attractive that manufacturing of and take conditions of we diversified expansion the when our wide index inflects positioned time, pattern over end the well growth economic of economy, to cover range well across markets we're
day Motion's highly and solutions-based selling keep customers technical sales cycle. drives their market to deep expertise effectively every every relationships in operations our and helps and with functioning
eventual economy, and we this expand well customer the our on in term, As the market. of we long the market grow share capitalize wallet and positioned leader, base believe manufacturing we're as near in fragmented to improvement
to to Genuine but our as over call CEO, his fitting entire contributions take the many turn I the it's before XX-year of only Lastly, moment on I Parts his a his for only gratitude Paul behalf that tenure career. Donahue, and Bert, Company to not company, for extend over
for expansion accomplishments strategically as our transformed GPC better. leadership Paul's the Paul's company few world, XXXX, of mix XX strategic AAG business the He XXXX around Europe. Under CEO, in and enable footprint A simplified Industrial in the of Automotive segments. countries global focus the and to on GPC leadership. under highlight X the He championed including growing the countries from transformational to evolved our in acquisition
of billion in our has accomplishments. Group industrial and to He team we He he kept thriving Distribution of our a safe. Command Altogether, led growth from billion $XX extend culture since took to and its capital, leadership teams over through and kept XXXX, ensure care our $X us kept strategic of customers. accelerated The obviously, GPC investments approximately billion. our acquisition many to including pandemic operating our the transformational sales $XX grown position other
been Paul's of around GPC has culture, and our good forward all, he's a His world in been his continued and It goes that as inspiring, saying GPC Chairman. impact to ability steward counsel friend tremendous on his Executive the we importantly, to lead without role to has remarkable. look positive certainly teammates a our
GPC call over again turn that, team to Bert. world. the entire Thank And to the with you the around I'll
