to and third XXXX quarter welcome everyone, LCI's Good morning, earnings call.
a has diversification third which continued on the in further macro strategy, executed a environment. In quarter, we outperformance driven challenge
our declined revenues quarter OEM the softness the same last shipments were year, X% double-digits. market, to quarter $XXX in from Third due RV down million wholesale
delivered for our the product significantly and businesses, us driven improvement and aftermarket, LCI. of in continued by innovation, we the our XX% another content perform towable in said, increases quarter net of our now our growth focus total exceeds markets, our than to year-over-year Furthermore, markets sales RVs adjacent on international customers, market. That which manufacturing better allowed continuous in
From on operational operating as margins across months the late a business from improved our initiatives; nine profitability improvement started to the basis implementing year-over-year first benefited XXXX. XXXX of a we standpoint, we we in
In continued shift largely innovation towable products. slight in increased and same to RV to motorhomes content to year-over-year We year, for a due quarter X.X% the decline RV OEM smaller last development saw motorhome our existing X.X% content market, primarily in which decreased XXXX. for from a over
should a Although, efforts lower these to performance to continues RV volumes as appears close year be comes the to work and the complete the impact inventories, are industry, de-stocking dealers it across to in stages as final correct close.
Overall of the outlook Most September production rates. sentiment have the products have expectations and long-term and Open buyers. event positive the some attract fall remain rates our going increased the into in by RV while most confident to has continue RV and following RV the some younger from production following We popularity ordering dealers for customers industry increased as among this patterns maintained demographics House in lifestyle is RV exceeding new was counts.
their features disposable enthusiasts. of our very integrating of product on income focused into spends team the As innovative generation RV on appeal more to younger generation new a offerings RVs, to our is
interest the support retail positive consumer coming to and gas continue such and as confidence, prices, to over unemployment, remains outlook indicators year. The credit, appeal as low access product growth rates, momentum
revenue, supports in diversify in efforts on our The our markets. capitalize other to business overall current our results opportunities
XXXX. target the OEM positioned non-RV We are goal revenues and meet total gaining traction of our up RV our American in to business markets making North remain of only we by all well XX%
summer. marine due on but X% the the experienced industry, our offset somewhat softness our marine a adjacent to this year-over-year through largely by in space, in in basis growth recent we Revenue increased have markets acquisitions
points acquisition Taylor improved not business become purchased ago. the XXX been us, of EBITDA a our but basis year just brand, Made we this it we've by a for marine has great since anchor only them as over
designer SureShade, and America Europe, for customers and in the sunshade with systems manufacturer announced of and partner brand recently marine our industry a acquisition awning We broader provide product which the with Made of North will Taylor offerings.
of to on respect that add for meaningful high the product, player to content of to shade entry SureShade, With solutions, and businesses. systems the our very level intent is something predominant our be this boats. demand in Europe shade high-end U.S. is in the Because to marine could cost marine
to aftermarket also SureShade of the down additional to offering line-up into we expand of trailers, the in which product the long-term growing marine, cargo, content trains, boat vehicles, and vehicle We products feed continue into entry for as also buses, markets level equestrian Outside the aftermarkets will these sectors. like different see and we promising also growth related the expand expanding opportunities the the anticipate products. specialty
with RV component significantly quarter largely year-over-year dealer, increasing key distribution a the of the organic products. strategy around grew diversification our Our driven of parts, and over sales revenues growth XX% through aftermarket service business,
grow to business aftermarkets a of distributors, with business double-digit relationships great new e-commerce we this dealers, at the innovate expanding grow and our and continue we area partners, through As the pace. to continue products expect for to
strong acquisitions, efforts. and new established relationships, bringing existing as our from benefited have and recent businesses channels, come relationships many aftermarket as well strengthening our has aftermarket with products, Our which of innovation
with margin operate our In important efficiently this see notable our grow we improvement of ability our to line continue piece to business. growth, showcasing we as revenue
the veteran teams this for aftermarket who to recently President the our of Group Schnur, growth Due lead to support our growth business. the XX-year of segment plan LCI and aftermarket we important business, is rapid promoted Jamie of a
several units. been business in years and leverage through under all further around was one our the units LCI all had many aftermarket aftermarket last and combine to over leader growing leaders business across to time the and great capture We order it LCI, talent businesses aftermarket synergies
Ciesse, driven respected is and core Europe. the part of diversify and building brands OEM partners quarter, Europe by Italy's business. Marine third the to acquisitions LCI’s all of during Lavet well-known Lewmar UK in presence XX% grew our in Expanding in markets further business international with these the Our our strategy relationships and and
actively pursuing believe Europe yet inorganic OEM adjacent growth peaks. the have are as reached and their organic opportunities not we We markets and in
customer segment business strong inorganic organic share our Lewmar leadership grow has quite of efforts, in to Lewmar’s strengthens integration Europe team and opportunities. through space to and Lewmar the market The will and longstanding presence smoothly also our LCI’s market through marine fantastic the marine growth us gone our and diversification increase across position assist international relationship. allowing in
our to be key will for its and marine establishing Innovation continue and factors businesses and quality product in brands development in as mind throughout leader remain top global of markets. the us LCI a
and great teams value to will marine real and We that bring great companies, find continue market to leadership brands, customers. its the great
meet We be began structure will operating right rightsizing to that our we the business over year-ago lower production to at XXXX. forecast cost a for RV the ensure
result diversifying where scale were third challenged of a to we As of we to and our ourselves and can were able achieve, the business. the quarter. areas measures operational timing our to growth well-positioned efficiencies, of depth we proactive Each capture still business we to subsequent labor growing the in the identify production while quarter team reposition margin and meaningful
both us industry outperform LCI environment. our in in have help creative sustainable been to members and a effective team efficiencies challenging And implementing operating
consolidate order quick show teams to very We've XXXX. progress great to facilities in several and in leadership been
solid momentum have through focus initiatives in don't margin operational intentional We largely other as and cost anticipate improvement efficiencies will projects, automation to our a lot to very rising manufacturing which slowing continued activity, offset as and improvement improvement, lower well down We're which the around costs, on of continuous to that being we will continue help drive other XXXX. lead costs. apply ultimately
teams impacts operations from sales and to leading have addition, the tariffs, strategically slight cost for material our quarter. cost worked In to improvements offset
one innovation of driving plays focus as growth market our for in top share, in the be critical enhancing factor will our XXXX, product a a over and long-term. it key on our content priorities Maintaining advancing been role and has
the which RV market up We quarter our total platform. milestone hit technology digital for important the an OneControl makes XX% during now of with
As need tech all consumer. believe to weirs will consumers age share OEMs younger, and while towards we for are digital more continue point RV it product end technology gets platform average will helping the at some create the that demand believe the well-positioned that to better moving We we consumers. as of market RVs our a a our will RV acquire for
is of servicing aftermarket important use in RV strategies. from only technology remote RVs our of right which the of and ease into but realm This plays equally not is the service the for important the
leveling, also new We and to are our advancing great electronic improvement in make step, stabilizer platforms. continuing
our that for advancements as to to on resources lines Our R&D customers bringing opportunities capitalizing developing groups continue well focus are will older us. as product constantly on
excited. specifically be around many launched that marine we new products be have our and XXXX, RV more and We will in couldn't
are perspective, new From of many we an five actively our around opportunities markets, execution. in remaining our while M&A disciplined focused all and exploring exciting
focused While will of are we immediately and us place spans companies in robust help we're teams maintaining are on leadership that product markets, with a expand across our that strategies. pipeline accretive all market experienced our who
last and successful transactions of strong history leadership leveraging over balance in acquisitions through cash flow strategic our to at sheet. XX we Looking generation, remain the XX teams, long make well-positioned our years,
viewers with will international, lower great revenue, of profitably continue along to end more destocking our finalize industries, our a we our believe these and efforts. in shareholders marine, path progress continue we and believe we're made the for operational As our our product ongoing growth. to our and well-positioned approach growing volumes the we've of us made great very we adjacent innovational so well-rounded and diversifying market; in in development, has provide XXXX, XXXX improvements continue far RV aftermarket value operating The and business at our
of innovation, further want our members continually our strengthening the team operations, their and to to growth in driving thank improving driving I all commitment business. for LCI and
third our Brian to financial quarter more discuss our turn now will CFO, in results. detail to Hall, I
