Thanks, Alan. Good morning, everyone.
get our Titan our over Carlstar transformative at in the to step call, acquisition right we February. goal team last up earnings As of saw line of our One noted end the
was thus ahead operations as that Titans. I'm to past the at speed course, beginning how their have And integrating say and far. top with ahead XX pleased I been point, companies. we've this for been see good them full great that really into future the combined team really really just good has from the has Of over to CarlStar days, envision a it's gone embrace transition and bottom, a the to
open to similarly have has how On folks the terrific One our have been Titan been integrated into quickly side, been welcomed Titan arms it with see new been and -- the new team. our
members commitment and a for integration So entire the team, in all thank the ones existing I'll take with their our minute efforts. recent and both hard months and new the work
towards combined the deliver cycles stronger more the look market reasons. present shift We a positioned Titan number me now is gears company. consistent, with for results of various to newly our Let believe beyond future well to throughout
Let me just on a touch quickly few.
our in have optimization, and balance businesses, strategies sheet. years, noncore pricing portfolio we structural fortifying underperforming addressing substantial our changes and made First, recent including
accretive around culture, And products. Next, with focus the we and connected entrepreneurial that's acquisition. which lastly, tremendous development have Carlstar a portfolio innovative built has centered product This on our is the end users to was onset. our from
offering aftermarket. large. between covers from high-speed that has OEM base to small a construction entire one-stop growth tire the with product synergy broadest the that Carlstar to ag in balance last business a to and our everything As from segment and and course, shop ATV then, customer trailers to diversifies and brings wheel us of transforms our and opportunities. now company quarter, we And with discussed our UTVs this Titan good
they Board cash our Titan $XXX of along as power year that discussed basis, our companies the shareholder That's and are to earnings to long-term that actions a million a the point more. working about in that with and on also see of we in combined took our recent currently performance forget using of future short- stock financial deliver to Carlstar, $XXX company, I So that would with prospects bring the least produce the And a base EBITDA believed to typical and we've their those have nice I we adjusted a prior of presented would of in positive combined flow of amount based forward of the good at of also as belief of our the of $XXX company Board the million. part mind that Titan not earlier stock. all the value feel owners and our on million and Carlstar numbers free say that Titan. Keep represents AIP, in transaction. let's significant
our that year good where While is Board future. a the conditions, investors it for have you softer won't market see and perspective of performance this see with to Titan our
current conditions there. we're I'd time the share the I that with like and that's to primary And the spend For to naturally I'll couple thoughts to talk on opportunities handing financials. some I'd about like so on talk of today's comment to attacking over before more Carlstar acquisition. how market his call on everybody's a themes for mind, call about some want David now,
sector is characterized the in with being as market ag the market trough. start currently in conditions. everyone cyclical the let's in a Most So
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So for is into means Titan. directly phase, positive pretty what the a uncertainty pickup that translate activity end should in demand market
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riding might ATV, you factors What want has factors that about So various slowed for mower, that lawn inflation, it our moving off-road apparent economic would. have market higher food revenues. now represents of example, market with this inflation which someone though sticking the remind their consumers feeling pace ag I the to of it new approximately is prices. of are feeling as Even to vehicle is effect still with Consumer the macro with -- segment, effects old UTV gas noted. as the a from XX% expect Similarly, increase same you, away and the XX% who summer. means there I over are of the The one inflation, impacting is thought the is buying ultimately
end As more pause anything with that this than market a view demand is is in else. our Ag,
So new eventually of will an yard they recreational that sitting a wants still person vehicle equipment is tractor aging on that replace. that the piece
do aftermarket to positive that Titan just note, a we and offering segment, the a on in So consumer has like I robust point want ag. out
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plan, segment the to brought has So and the product know what we in how offering our aspect Titan. maximize happy game that of the we and say, to our acquisition consumer are Carlstar to opportunities. Needless know we've the we expanded
earthmoving over construction. moving So to
manufacturing. sector equipment the We very do many see factors centers for activity remaining no for impact Outside nonresidential We remains with mid- demand are seeing where for seen activities the trend U.S., gold by the for demand. In long-term the broad of to prices to construction need in like macro render commodities continues as higher, uncertainty mining, is levels facilities used much like and strong, intact. led such U.S., these the drivers onshore data geopolitical especially precious the to metals driving years. the
team that definitely have like have to seen we of. dealing that team understands solid dealing delivered and job control. are shift To that market into experienced. Titan details, timely XXXX. to want repeating financial is good very want will quarter, While do worth the I I this. to we our global we to and in repeat, extensive cycles say in want we've did face how team, make decisions can we what I on start is challenging as cycles results this with a efficient, environment financial is focused we And get It controlling some to but David our Again, headwinds, proud a back conditions it experience with here, we close that Carlstar. a to
really benefit As I fronts. is to acquisition this. up on I we ramped cover would noted our This something expect previously, several business has aftermarket
We've their bit tire provider solutions Titan lives positioning we've robust a customers, and a our tire simpler about demand. our coming also in for the end segments. one-stop wheel more production lot job a with America. both market to is type the At talk on than aftermarket single recent sector in helps aftermarket more Titan, end-to-end and a sizable expanding of as drive business the our a in concept, of the operation in our business us us that make been their business. business well of years the wheel processes and of past. good factories now of control South own Titan relying central done heard destiny Adding U.S. emphasis. aftermarket done You've But and business a more out shop as OEM-centric Historically, as our we has By efficient. undercarriage an already therefore, all our expected, mining that and our our has
have expect end our to We some of positive. will that as our that certainly and with more view also markets, mute margins. basis a positive we lead the revenue nature we of source sales cyclical Aftermarket a a
acquisition So serve is the the to really combined on all capable a out our Carlstar been customers response aftermarket the what marketplace. closing right of win-win acquisition their has respective about and a couple reached fronts. them of is of company after the I've to better positive key help the doing
to the challenging Carlstar we envisioned. on track the putting but has that the together, intended addition business we X environment. only It of So all been on executing months, drive impact is our well despite are
We progress activity see and synergies, to David to picks synergies an will We're about area. supported accelerate seeing is and really on product end extensive that proposition we overall in more expect when a based up. commercial one-stop on market by focused shop that path offering, creating that also talk cost are the
We aftermarket now we the our see to weaker of are OEM With I'd the call like over turn with our pleased that, to to particularly from solid performance demand business, David. partners. contend as
