LCI's Lillian. everyone, morning, you, welcome Quarter and Thank Earnings XXXX Call. to Good Second
million XX% continued down results quarter. compared second solid were million RV to Net for challenging approximately in and $XX as prior from We sequentially. delivered 'XX we a sales in billion, 'XX the and quarter, the content but highlighted the sequential by growth navigate expansion acquisitions Revenues $XX contributed up margin operating $X completed year, environment.
of results are we highs the the our are still second XXXX, down above revenues While to in record compared $XXX XXXX. million quarter reached
businesses, our impact transportation up in international, results the American make marine which in diversified combined during our the significant of offsetting of in drop this only environment. quarter, from our benefit XX% from strength RV and greatly a to revenues revenues revenue helping are RV challenging The unit XX% continue overall made being year-over-year shipments. this difference We wholesale partially a RV North our aftermarket, housing quarter, the
steadfast with of throughout remains we and with commitment improvements profitable operational will our operational capitalizing trajectory our growth. business our continuing long-term move on Coupled Pursuing a top while to forward diversification continue strategy, sustained believe to driving we our priority. efficiencies
the added to we're in that our in demand to adjust supporting changes we've strong. With flexibility areas to manufacturing able footprint, match quickly are our while capacity business running
have around of initiatives, improve general drive sourcing while been executive cost down our been structure, Our the work in projects also savings rightsizing cost and administrative to new hard driving cash generation. structure. enhanced teams to continuous driving improvement diversify business and inventories successful hundreds We've reducing bringing significantly overall implementing cost and leadership new overall and plant at expenses initiatives our
company continue We also lower to our across to smaller our our financial position coming in conditions. structure say, position quarters. this cost a a with with solid industry reduced uncertain sufficient combined a few of on commodity strengthened the amidst Needless be margins tailwinds mix. to will business invested profile, operating and putting the units, product cash to the in focusing actions, starts lines in normalize improve business us with rationalize have the better along costs, freight These as better-margin
to inventory reach as levels. dealer amongst to of We're decreased inventories compared beginning XXXX see Moving quarter and improvements, levels decreased on will then be decelerate challenged as during second shipments. Sales XXXX, dealers to appropriate RV wholesale OEM. the destocking due to most XX% rates largely
order ago. enter and This over as buying In miles a looking slightly year opportunity forecasts for miles, sign dealers inflection prices are bring a over older demand. months, that in September they prior moved creates new RVers an likely 'XX OEM have being vehicles pipeline are also to point helping deals. just hitting improved cut the month addition, out and in on changeover XXXX major XXXX great the as of a market August begin
more the in with the summer backdrop taking modes other XX% this trips on versus of average, attractive this also July choice according an study, 'XX millions air and environment. against more Fourth RVIA Comparing which any Memorial trends of Camping and vacation, XX% traditional makes RVing of Day travelers. travel are up, frustrated affordable, to economic air is to recent
year to increased quarter has RV $X,XXX. X% the $X,XXX changeover RV the content the also per growth prior quarter, X% model During supported prior content recent in The year content while to from per for towable the increased motorhome from months.
new As we the capture we content products feature from each normally successive share RVs, year. latest which models, and typically innovative continue to demand leading-edge and for launch are additional to able with
our shade the built-in we of house content some latest suspensions showcasing and conditioners new windows looking Series annual With a more. ABS open air only RV our away introductions in month systems, like to suspensions forward much September, that with have XXXX driving are been and independent growth and product
record for results. by Revenues inflationary that have pressures weighed trailing million, quarter, of decreasing impacted consumer the automotive end markets, the which $XXX positively by XX on only partially in driven reached a months to improvement demand, Moving Aftermarket. Aftermarket offset X% year-over-year
We commodity quarter, expanded major demand RVers a price looking Aftermarket aftermarkets marine declining profits driver for business repairs year-over-year by costs Operating to improvements as targeted RV, the share segment meet to the gains, in driven be significantly automotive for second our increases. believe will we their and and the and make continue market vehicles. of to
few added many RVshare thousands Outdoorsy, be turbocharged upgrades of from and some will the with a feel repairs and as as go rental annually XX a RVs being weeks year renters. used many through just weeks we like platforms addition, to of year to nights for XX rental In a hundreds as
X.X catalog million the many nearly new to and annually. on RVs the continue repair, aftermarket helping products product wide us programs our and in launching entering replacement We capitalize expand by upgrade cycle aftermarket, RV product
our service. for a source premier in to through while expand a aftermarket, customer continuing best-in-class strengthening brand share we're $X Lippert our become targeted the our nearly addressable market billion we As
RVers in spend to place than everywhere, able more directly problems repair engage quickly solve teams support help in to rather some road the a With the time shop. people on and we're
customer customer will and center and which content month alone, of calls, of record is XX% aftermarket took a to year, a a focus the central service which June believe care our we our make we we last as XXX,XXX In was grow sign up the experience that add continue continue to over business.
will Getaway also We third which event, be Idaho Island in announced just Lippert Park, annual held this our September.
by shape valuable collecting of products the the community RVing them for about and the in future lifestyle. engaging to the excited always are teams Our feedback the keep opportunity that
event In to Project, product the Events in Wisconsin July, over the Lippert our XX,XXX AirVenture RVers. Air major Oshkosh, EAA attended this, customer Show that attracted Ambassadors, like along Campground with like experience team initiatives other and and and is been the critical helping build have invested heavily create Lippert relationships while Scouts, strong us all community brand. lasting involved giveaways with that customers, Lippert us in with trust a helping
North America adjacent to Turning and markets.
and markets, end and meaningful softness down note, primarily bus, continue trailer marine positive Second school due quarter transit like to in were markets. X% other to see prior adjacent On we some utility markets. a bus stabilization housing to compared manufactured year, in and growth revenues
windshields and market the we anchor an systems, few Bimini markets We're on products is since that seating, marine quickly like standard years becoming product our continued to and our in industry it very a thrusters, moving focused on and the lineup electric launched ago. innovation
to National marina to products in the Day. the launched our and we develop Group one largest we more management company events and Marinas, featured of several and of Oasis Captains partnership marine for brand space. celebration a U.S., supplier products have product to continue support Lippert Because in between boats, June, in customers' largest our Marina the In we'll attention, is our the brands donate
results solid international of to increase hindered that another operating markets chain along improvements helping OEM integrate easing there, we supply constraints had a our our have Our acquisitions X%. continued drive due to sales quarter with partners, as of
meet deliver we pent-up of with European through are anticipate the up chassis expected, year. remainder tailwind be which to demand, will increasing, the As able levels production a shipments higher of to OEMs
innovations products and competitive of content have the in and European strengthen differentiation facilities. long-term We types growth leverage products our to our designs in contribute North our forward performance. drive RV proven production with look internationally to U.S., driving with further product to These overall to to European window easy windows. business to access acrylic to continues our this potential as pop-tops markets continue the blinds, growth like We American
with integrated app, I'll now and ABS industry-first pop-tops new with OneControl many exciting systems, Auto months, entry braking, much innovation solar independent glass the awnings, BaseCamp launches, Solera Class our past systems, move on our an the we've set-up highlights. windows Off-Grid product axles, announced suspension more. Leveling including fabric; In doors, panel line to B
the [Indiscernible] of help possibilities installing for launch panels These redefining awnings conventional weight up tap added and the solar into of to this benefit provide without XXX expense Solera RVs, of enthusiasts. added fall, growing us rigid integration will series of awnings of watts Off-Grid a power off-grid solar the on the off-grid roofs trend. sustainable the energy
system decades. for total for been suspension around that greatest believe we RVs auto suspensions us We introduce one opportunities of the for concept our the on enhancements ABS that has as
to should and performance of move a make influence we price in volume direction developed many product brands point ABS have [indiscernible] We as that an already think industry-leading meets that and have. many this the expectations
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a innovation, our On of business. true culture remains for differentiator top
stated, trust have meaningful the work opportunities with at starts leadership who strong for that to top people and privilege leaders to create and I've lead. As relationships the the long caring experienced culture and
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impact turnover us high-quality had our achievement company, products of and rate every and day Beyond work more term, consistently the XX%, here team putting given our annualized helping show creating at more a a on excited better to simply an environment, of that up productive able an environment, a voluntary build to are the achieve for far workplace. are we focus we safer, our believe incredible ahead cultural peers. has energized members us longer measurable With
charitable we culture, organizations. Within of how addition XXXX, And of our can to how us. Lippert this. on around to half know service improve actually we it's at in we community for communities support of In the team on our important team hours XX,XXX we members measure members, stakeholders our focusing that first focus can the also performed hundreds
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our sheet cash allocation, is balance driving to generation primary capital sufficient operating the acquisition down to strong our pay focus remain is We liquidity solid sheet, priority our Regarding our an keeping fortifying but support to growth. making opportunities in maintaining and conditions. on a strategic business balance M&A investments have amidst and open and challenging pipeline, debt
windshield year we CapEx, including this expect invested are significant XX new already benefit targeted projects automation $XX projects, last the We our on the in to million and to year improve product than new performance investments. we glass getting be past today. by efficiencies, in of investments that are markets and In window like diligent quality. a motorhome these which automation high-return over lower been and towable business, taking to we've transformational and months, these and our product $XX approximately to automation to dedicated have drive believe million markets the We for approach seeing
has this environment. work very a operating to our you we all in closing, give what a heartfelt for of very challenging been members their very want team year to hard In thank
of see proud to and continue guidance to the our how driven are of teams. contribute our business to the We ongoing leadership grow personally, professionally teams tenured success and our with
to and long-term into moving further well Lippert for believe stakeholders. value positioned Moving very we we forward XXXX, deliver our are keep
Lillian? the call on to CFO, Etzkorn, Lillian financial give to going results. more turn now our over detail I'm to our
