$XXX OEM to to environment. sales down the Revenue compared impacted XXXX down We from our lower segment, reported call. of X% XXXX. production earnings year, first sequential and due to quarter of were quarter Good softness first everyone, RV revenues $XXX LCI’s where was quarter XX% morning, million, to welcome representing by million, fourth quarter this improvement last a
were environment, for our highest XXXX, first were to effective. In when reminder, first the able of the we critical substantially the proven this, production current quarter diversification XXXX, operating and wholesale shipments inventory As of levels. strategy was the the down this to outperform in quarter industry. In continues as spite industry normalize RV has a volume the of XX%, quarter quarter industry ever
In market, last high which international delivered we months fact, about our of sales. growth markets, together; after adjacent now in the in make XX% first XX our up quarter, markets, double-digit
retail close As enter more the as the to believe in size, prime inventories QX the to toward levels, summer, selling will spring right season and we this that and begin be should appropriate we channel move year. enter we
to spending to more for current buyers XX In of increase addition, their second end disposable of be RV that demographics we’re continues are long-term income households XXXX, an production through for from almost just lifestyle. The KOA’s several positive report million XXXX, with positive, the levels rates including on industry with camping very outlook remain households. expecting the annual highlighted of the consistent OEM younger the relatively quarter.
RV, we continued cited introduction In very product increase year-over-year on RV gains development $X,XXX. to three X% the the that Despite times driven respectively. is by environment increased to products. camp period. a the towable content have remain increased positioned and to addition, offerings. $X,XXX, innovation campers we new and difficult existing that near These demographics. RV XX% for in camping by of motorhome content to products to industry our or and same the capitalize largely innovative growth increased Both through opportunities organically cyclical Content X% challenges, they’ve and per were and more term respect Despite has and a with explore well continued year, time
and LCI, functional engineered as and to value-add, that proud innovation industry allowing the are our as of of commitment market grow innovative. to in win ability product industry, excellence And products to our products the of relationships the truly continue the this teams it’s scaling the our OEMs of at grow Our well have creating back light I’m testament to content across to solutions a value share. commitment us both teams. is that to strength
furniture’s, environment. awnings, the market pace steps, to can annually leveling slides, matter largest grow what and gains the the impact. doors, been we At long-term, have I’m and innovation had Continued products content the continue per this Furrion going, that share in has no over confident vehicle wholesale
we the In our addition is to continued content outperform the execution we’ve customers. strategy to the industry on opportunities been American diversification RV outside significant through of growth, as ways one capitalized of on our North able
and adjacent has on upon know, to and we last you industry. marine of up into branding XX% branding products XXX goal by our heavily has steadily As January, I’m LCI years. our the Taylor quality, strengthen the well just call diversification performance, on are emphasized was XXXX. Made, make which and what Made it we to have our the strategy build expanding focused reach been that unmatched is name on pleased current new future way having the In Made important our of growing our superior capitalize industries. last RV for all we made that by synonymous Taylor we become revenues the discussions, Taylor marine within continued brand with. will to legacy strategy total first marine Throughout seven years, to report under feel both name, Made’s plus In Taylor over of to service we and continue we a that quarter, OEM, how reputation our we announced presence. our the
trailers, few. working a continue we seating window our all to to suspensions, cargo are first content quarter strong to and as providing that the marine, and So growth more category marine Residential, area. expand in with and our evolve. combining grow illustrating and markets Revenue breadth the to glass vehicles, mattresses, for lines adjacent commercial we are continuing this towards, and engineering XX% bus grew product and products, name LCI equestrian continue of in market will in year-over-year, the excellence table, products design, brings and
These done to we we things are are into we’ve years, the them is have markets that the into an these vehicles. recreational they well related are markets. and that how new several on, of existing currently manufacturing over on that well we impact based products and modify to fit products move immediate One can closely feel industries
aftermarket business continued to with Our grow well, rising XX%. nicely as revenues
strong and our be long-term. relationships competitive over We offer significant we dealers training to with about advantage continue to center We obsessive facilities resources to and which technical building dealers the teams. training call a and in broad, training programs key adding the aftermarket, technical warehouses, is believe teams,
have platform, this area. in have our feel that addition, peers a In us we leading customer strong technology-driven service we
add $X As OEM margin over bottom believe parts we to we parts of to put into the continue replacement continue line. RV our grow year, and billion products will to meaningful business each
business strategy. Lastly, of XX% part the our important International our first during quarter. grew an diversification opportunities remains Unlocking Europe in
produced leverage nearly awnings, and company new in our strategic in markets. traction of leadership and about on one RV innovation. train the structure ways while looks and by to our innovation. the seeing rapid as European we The new more features to At much are and to to able talent with supply and sophisticated continuing company, with initiative our and the fragmented time, a supplier continue small a is supply marine, our And We’re low innovation this this evaluate and available been markets. and and to like a and ago, Because Innovation like never teams. Across up on inorganic those developed or in R&D doors, scale and the with lines growth, chain is larger innovative Europe content market and around products and made can focus across environment. XX the that XX did create opportunity from focus base are customers suppliers competition, many different organic before centers OEMs beginning leadership growth the talented steps, benefits. are American of same product stronger now all existing the rolled have products teams untouchable of to market years offering volume grow we categories, more R&D strategically rail and patents opportunities product be we caravan, larger partner around we’ve the having larger growth North can our share that a benefit have
XXXX. We continues in QX the we announce about primarily few expectations feel first sequential over XXX line the of which launch basis products in we’re that here to have material and impact driver could QX. and operating throughout to a excited be XXXX, margins for of The were improvement felt our with Because last points, our pricing. quarters rate aluminum Though at the into around cost the larger main year-over-year successfully the pace, of XXXX. these we early price represent scale, with factors by customer short-term they LCI as lower strong, we were quarter were struck maintaining navigate three we steel this costs macro a the decisions centered of we put effect place the relationships. our believe throughout make long-standing increases increases And right environment. based outpace of getting which in could challenging profitability. But, I the rather, does balance decisions not on we’ve are customers, be
we us perspective, and As some impact year, we of committed from record XXXX. increases, on tariffs pricing exploring most phase successful on to remain in commodity of disciplined growth. our Xst inorganic recent call, discussed January strategic tariff the commodity costs allowing the of a fourth we to follow to way, an M&A and implemented our capture related quarter relating of acquisitions this From our track to increases to
strategic in markets. LCI We realistic billion pipeline excess targets $X all of have in that of span diversified
immediately acquisitions existing or focused or new leadership to expand with great lines We’re products customers that into existing teams LCI with on accretive markets. are product bolt-on that
engineering capabilities. in of markets, leadership we aftermarket, the establishing innovation RV our market we’re feel in As have through marine, capable and positions Europe enhanced adjacent we and and
the For we we acquiring our to able Made, history which six highest at strong example, point to and accelerated marine date in on largest deal, this Taylor last about a transformation our with into execute acquisition Even with revenue volume made strong company the expansion on cycle, multiple at EBITDA. a were a our markets. year, larger
continue to with sudden we growth allocation our million. for confident value our our our reduce in capital that ability is approximately and find with investments, in goals accelerate Last to and year, a return shareholders, track transactions business, unlock the remain slowdown large flow free cash capital in along and stated invest we business, leverage, As to strategy. coupled to execute $XX shareholders our the
we Though of working As in driving see free successfully to we’re RV in eager rest thank at we diversification industry diversification quarters closing, first innovation, want the to compared detail normalize inventories and busy are now we down significantly I outperforming XXXX, season, teams it’s environment, million. our CFO, all executing of as In head tough increase in Brian lower cash strategy, efficiencies, shipment the strength over our into financial capturing we LCI, of strategy. are expect on to the our to and CapEx our $XXX for discuss that to, to and as the illustrate the environment to our RV our results. volume industry turn more Hall, quarter our peers. I’ll in success operational