Bryan. you, Thank
Lawson's great progress the saw for our on in strong in quarter, locations; continued Kent multisite business, customer including terms initiatives the of continuation relationships; its to many feet; relocation strategic of In size particular, than of Automotive distribution we in the growth performance growth fronts, square center doubling our square footage XX,XXX feet of Torrent dollars investments our the generating state XXX,XXX more Western and Canadian over square a in from while tough X local increased and offset costs education through by quarter gross ability manage cost moment. part strong and in sales segmentation, washers various with I'll the market Supply of Bolt even margin to House; cover the EBITDA additional to environment we in first inflationary and more and expectations a which our performance initiative; increases; areas our business, certain our exceeded
into key jump I'll of details. takeaways quarter the the financial start and let's some So for of some the with then
versus the improved First, on to XXXX. sales selling ago $XX.X of Average fourth X day by quarter increased consolidated sales year daily quarter additional a XX% quarter. improved and $XXX.X this million million X.X% over
consolidated $X.X margin increased gross million. our Second,
our the adjusted labor with quarter costs, burdened up coming an pressures ago million $X.X $X.X We EBITDA a we experiencing. being to million supply income ago. higher quarter On basis, And million, operating over have year for a fourth reported quarter proactively including up $XX.X million slightly global of $X.X the health claims of despite quarter higher was compared managed and this COVID. chain despite year are and was issues margins the inflationary third, in that over marketplace insurance XXXX out $XXX,XXX the all
first daily on our Lawson fourth as the sales categories to Bolt reflect productivity. As realized improve continued and in sales business quarter. does product the sales quarter, the sequentially over we Most increases rep sequential
this make our in our flows. continue and continue on cash environment sales, focus protecting control We margins, to strong and driving great progress cost generating
an as year our We anniversary XXth organization. are excited to celebrate
with through products and become us markets continue services, our labor has company XX This to the evident reduce tighten to continue rely downtime. past and will look as most expertise. needs. years, strong that their built labor the upon and in relationships more Lawson Over has Partnering for ensure been that the customer to their manner they efficient operate our customers us to supplement
were during million integrated first daily quarter, in $X.XXX business million in January, The realized the February average Partsmaster $X.XXX sales growth Lawson March. million During and strong $X.XXX sequential the quarter. in
sales for the approximately price related. of year Additionally, sales X% Supply that the on all-time ago, XX.X% top record versus House realized last another month November. set a just We record of is month estimate increase Bolt a sales March
both XX%, driven their oil by of increased business nearly grew sales success customers. while to branches primarily supply sales and a For the within quarter, gas the Lawson recovery Partsmaster MRO corporate and XX.X%, their
and and costs quarter XX.X% the to XX.X% the in within gross up XX.X% and MRO XX% before a Lawson into XX.X% margin, fourth continue XX.X% year came the realize and We at sales basis, classification gross quarter Kent a a approximately ago side in Partsmaster certain On margin XX%, XXXX. respectively, service-related in stand-alone versus for in to Consolidated business, quarter. strong margin of the the compared of compared ago QX the quarter. QX year a XX.X% Strategic ago year to of was
transportation towards margins QX experiencing. that mix and within noncash larger, inventory increased XXX profile vendor labor QX, all movement we by and customers a from bps were lower-margin driven are gross reserves, the costs in shift Excluding sales
Our gross customer strong was due approximately sales also lower percentage by to within margin strategic bps do which negatively XX have affected our the base, margins.
narrows year the managing over to basis percentage and While supply shortage additional a million inflationary actually dollars in related gross strategically on costs through of We these impacts. rising growing dollar margin our being us gross our labor margin and margin $X.X ago, on overall actions the create recovery slightly. of dollars remain allowed the diligent focused a chain
like overall else are challenges we for percentages XXXX, pleased to certain of we experiencing While in industry. quarter with access products our the first the margin everyone are
Our customer level backorders sequentially QX metrics and QX. have to from improved service
levels. are they yet back our However, normalized not to
our We time. confident this to to through navigate actions We through unusual manage are remain period. unusual our adjusting this in ability
types many continue challenges of of the remainder these However, may expect we throughout do that XXXX.
ago quarter, fourth total the million compared a expenses operating the $XX.X $XX.X in quarter. to year and million For $XX.X were million
$X related related the severance offset accounting XXXX of to and mark-to-market for compensation, of quarter approximately to by Lawson's benefits Gexpro million costs Services. combination TestEquity business first The net costs nonoperating stock-based and includes with
upfront operating items, increased adjusted higher investments compensation to customer-facing activities, nonrecurring million health more compared grow our by year to ago sales, and were expanding selling these up of the market to sales planned driven primarily expenses higher the return Excluding channels costs. insurance $X.X to by quarter, support
a health briefly. me comment Let moment claims take our on insurance and
with claims. the in in a as rise we and versus approximately the number throughout Lawson, COVID. the this million This experienced as the our health smooth that of for non-large was claims inconsistent driven health in costs to out larger of coming XX% quarter, an For claims the rose by increase this $X.X Many net over year ago. Historically, of frequency most out of severity well insurance trends or tends year. the industries are quarter not
this impacted points. approximately adjusted XXX EBITDA by increase the However, first basis margins quarter that we negatively experienced our XXXX quarter
first being sales XXXX. first quarter $X.X stock-based Capital income $X.X and year for $X.XX technology Torrent approximately work nonoperating quarter $X.X an an On investments expenditures items, information $X.XX severance costs, million million for reported ago. $X.X On the X.X% $X.X our was quarter operating washing fourth income were compared diluted EPS of compensation, in of center basis, machines. $XX.X for the the quarter. the of the and for XXXX to XXXX the expand adjusted for the basis, a Our purchase of including and and of compared Suwanee adjusted acquisition the Adjusted was as was million the to QX versus quarter capabilities, ago quarter. in $X.XX excluding year percent part distribution was EBITDA non-GAAP million, to in quarter million a in including performed first operating million quarter
As to that in an investments continue sales. organization, areas a impact business, on the in direct make have particular, we
committed supply under improvements and million position from $XX continued, borrowing our uncertainties facility. quarter a $XXX with the in we structure credit While our business availability cost to and net the chain were $XX.X of ongoing previous while against ended unevenness million in the pandemic of challenges generate trends. the the able our million balancing We still recovery sales related
Before than most shareholders. Thank our of chain you for challenges the these to continues ever inflation our your through us The make all employees through Lawson us have for to to supply company. on to and the commitment effects fronts including call of managing back entire drive activities taking more over team. Bryan, let thank pandemic forward, our me and significant We've lingering business I extensive had the turn many work place the stronger and team to the our challenges faced. customers, of
mentioned As answer TestEquity combination I'll over on will that able that the on April Bryan we at the X between closed Bryan. conducting Lawson, XX forward X being to turn beginning an time. and Eastern Time be call to a.m. questions additional May to discussion and call, strategic it the of look at to now We at services. Gexpro discuss back that
