Good on and the the will thoughts morning for This call. joining how and thank the you morning, I year about share comment is progressing. quarter second some
that on segments which I us. comment I product update you the investments to integration, also categories. is are several grow the we Additionally, and making market behind of majority will will some Partsmaster on
of comment I’ll our more and will to prosper on the our by Knutson, plans review environment financial the and a CFO, Ron over Lastly, questions. your years. our provide results, quarters followed coming business detailed
Before a an I May XXD Capital XXXX. investors on filed disclosed proposal by of remarks, a amendment in Management number prepared on the for Luther update XX, asked King have my begin scheduled
Board disinterested as the the advisers assist established quarter, the engaged and filing. has to legal in committee transaction in evaluation. of financial The to Directors During that special independent proposed a disclosed by of its LKCM evaluate directors the special committee
from of year’s the evaluation benefiting consolidated on will Overall, status the performed that from pandemic. not last commenting be recovery We well, business today. continued our
X.X% affecting though headwinds supply customers demand. demand. customers’ and to ability has to fully are their growth XX.X% basis, a Overall, were improvement XXXX. first successfully of This in them internal navigated to full likely as the second quarter sales $XX.X Lawson in service labor quarter. our customer capacity $XXX.X We growth On to our and achieved this of as side business challenge across the we find is needs. to and compared of are market enable the the including sales as struggling sales activity million, incremental suppliers it and our consolidated generated Partsmaster our to producing seeing segments, acquisition; return all million compared service of Consolidated XXXX, on to relates and fully labor to quarter continuous Partsmaster
we Partsmaster sales quarter, the quarter their most first on slightly this pleased with timing down the was overall from second While are were performance. of military sales, to very and
through EBITDA challenges, adjusted a to X supply in day with supply XXXX. has disruption X.X% X.X% chain navigated environment of The and we the to from first second been successfully consolidated the While chain growth achieved additional proven selling in quarter. for have this able months. to Lawson business one the Despite sales quarter in achieved be achieve the challenging, business has the XX last growth core quarter
core Lawson temporarily stepped our Our that supply just to mentioned. due challenges below chain normal band gross I percent profit
of are recently increases have we the enacted. been with realization pleased However, price which
with directly critical ability past. us Lawson’s challenges, that on facing satisfied ensure overall vendor-managed lowest-cost to customers who customers customers more gross Lawson model service-intensive so their With option the is inventory in working ever, depending are than labor productivity profit with our the manage margins is businesses. We are and more many to recognize maximum than in
Beyond raw several to demand keep shortages, up price are labor transportation factors challenges. due struggling with some to of shortages including and suppliers increases, material our
manage This to these through working our challenges. shipments suppliers. developing the prominent of supply base acceptance includes in some with partial and, We are situations,
accelerate inbound and and months. we through the product optimistic are to beginning will inventory are the weeks We of over chain that see coming movement supply
testament Partsmaster the Partsmaster. transition of a would SAP. order very Now, complete This and the the of all team, to moved sales integration. last and organization, are sales the reps into stage IT integration Salesforce to a moment team planned operations On great The were to to discuss integration a like the July our is items few take went entry of open I Lawson smoothly. overall. X, platform There
heavy the behind to and us, the on been However, integration is plan. date lifting has
the Looking in at will system, in Dallas. center larger are our our progress and good which and to Calgary, differentiated centers, line business, our new Georgia Texas a Canada and we military conveyor highly Greenville, Torrent cryo both from center The operations distribution are our the surface DC location for product distribution of the a house distribution moving Suwanee, preparing updating market. making process, former Partsmaster with Dallas hardening
EBITDA Bolt very growing XX.X% for perform sales quarter the from and the over well, quarter to the over Our Supply quarter, of first with business XX% XX% an XXXX. achieving year-ago continues
primary I our of moment well. As mentioned a units all businesses three ago, are doing
row at versus X.X% XX% XXXX. and Now, achieved quarter first quarter the fourth turning strategic the to the sales, versus a growth accounts of in quarter for second
Our We new the of the Lawson XXX Kent second side business XXX and strategic and new growth XX% XXXX. added to quarter compared locations first account achieved business the of quarter X.X% Kent versus the locations. as on
continues growth making open many large represents are and for also locations expanding We future us. customer significant supply our base. in doors progress This segment manufacturing integrated to good customer to
strategic new and the first between leasing, the winning manufacturing the up of second quarter in equipment second chemical generation to quarter X.X% was stream in also power a accounts, truck flat quarter; however, civilian government and our compared continued XXXX. manufacturing. as segment recently We’re Sales
particularly local strong. state, segment has Our and educational, been SLED,
all Torrent Torrent’s available for produce of products. to first both force progress the with and rental incremental I is three call, sell, our line, markets, to accelerate additional SLED beginning We’ve made developing rollout in to that is good On market which now entire product The acquired growth: the line first Washer sales results the serve in machines. sales areas. to areas of our Parts and to newly channels earnings underserved we investing mentioned three are quarter
additional customers’ underserved several of into half well, market XXXX. units these of results our channels to efforts placing is infrastructure We and locations proceeding additional from areas associated are to and second during the SLED year. during expect report in optimistic developing with this we and process Hiring strategy about hundred
Our area. key second XX% our in XXXX. of strategy three measured investment We realized Sales remains growth section previously new per a productivity mentioned three-part quarter the remains in focus of per strategy. a productivity versus unchanged. likely sales improvement will the rep be rep day The initiatives
also three all component. have hiring However, a
to are on pipeline. our also We continuing M&A work
broadened opportunities. of the is organization, with success recent horizon the success Our continuing Bolt and operated our which of Partsmaster integration, as a stand-alone well has Supply, as acquisition as
XXXX, titled in Drucker book a Peter in Turbulent forward, wrote Looking Times. Managing
or certainly labor keep managing are weren’t year think and We were safe. most employees doors supply inflation. don’t shut A ago, in about thinking their turbulent We about probably customers worried to they thinking shortages, were about their I and times. people demand shortages
we While with spend considerable operational preparing, degree accuracy. trends to I of will will the we and next time don’t challenge believe able any analyzing predict be
team we a to years from all aspects building The strong, resilient dedicated address benefited in last have our spent work. that company, the However, a march of and and many have the pandemic. turned customers dime team across
team. days Lawson ability sales accelerate and about predict to the in Last in Bumps inevitable. the They our While limited times. leadership and are prosper quarters in the thrive have spent with the to high ability future, newly growth. road week, turbulent coming have team’s ability our combined we optimistic X confidence very I I are to
However, our trajectory and the improve value continue for to proposition will foreseeable future.
with into deeper focusing as additional of value enhance penetration exciting several underserved traditional acquisition, our These the Partsmaster our part new market, offering. strategy. bolster We the our service along development programs proposition of to and growth products on strong markets and are will channels
information our it financial performance. Now, for Ron more I’d like on to to turn over
