and Thanks good Scott morning.
sales the sales up growth XX% price Organic second the side on by as For million as sales was and favorable basis were versus exchange quarter. foreign increases by year. well drag Average and during X%, point side acquisition added adjusted a prices X X%, selling were of the quarter, up driven was prior Boat’s mix. $XXX GAAP the a
Second $X.XX; share basis mitigation by adjusted a earnings quarter GAAP X% driven earnings tariff per timing tariff $X.XX, was exceeded of the our exceeded per share of slightly our down was issued and on which guidance for a costs. combination quarter, previously
in adjusted exchange for note I’d XX% fundamentals. increases have earnings rate the improvement growth been in foreign and interest continued would tariffs, quarter, business reflecting approximately that
a the Canadian dollar; on versus the the against and strong with had a exchange quarter impact the expectations. Euro primarily negative Foreign impact dollar in however, line driven was XXXX, by our
impact planning pretax average remainder year profit. to estimated the year USD For full the assumes to $X.XX at be share. CAD Euro rate $XX to approximately we’re The and This a impact negative of per exchange of the an to have the is continue million $X.XX to on $X.XX. or foreign USD
hold have From at the perspective, rates year, that exchange the a additional rates Canada. exposure XX% spot of there XXXX favorability our been remaining be foreign we XXXX remainder transactional for of hedged our has revised approximately guidance. could current included yet If for in not
the side-by-side primarily ORV/Snowmobile up the is prices, perspective, quarter, reporting from a quarter, Snowmobiles due growth, up in but second to given as not in From mix. of PG&A sales as were segment the meaningful X% increased personnel. also seasonality the QX stronger segment well were benefit
volume ORV targeting during categories quarter, retail profitability the down product decline, in Stott are with stronger for wholegood we sales Side-by-Side are selling where can up was maximize mix. and X% headwind the sales as unit quarter, ORV mix. we were line for given by increased the X% Sales driven positive significant but business prices Average the given we the strategically the increases during price volume battling. indicated, tariff
RANGER, profitable and with in all during Our grew sales and trail. GENERAL the use volumes segments premium less of RZR’s the declines quarter value,
bikes XXXX. and the sales XXXX. an adjusted market XX% heavyweight. on Motorcycle for midsize by quarter, given second we international quarter share began versus Indian, ASP the on driven of GAAP the X% FTR introduced retailing as the which strong newly the grew basis in in Indian FTR driven a by for exchange included anticipated shipments was increased down growth of and quarter foreign XX% mix highly standard strong
up up the the shipments. during XX% driven XXXX primarily sales quarter, and were FTR by were XX%, PG&A sales International
standard FTR As Motorcycle our American sales a retail by point volume of XXXX sales of remind motorcycles reported industry not are the our we market capture driven category is retail, non-North North which Motorcycle to calculations mid-size the reference, and and heavyweight in sales adding also FTR. is guidance. beginning now I’d this for the quarter, referencing Industry, our when included on that retail figures, to you share is but the also American
the year X% X% quarter. Average during up prices product during were flat were Aftermarket quarter. selling by up aftermarket sales sales with flat TAP Global were other quarter, adjacent sales the last to all second XX% market brands our increasing during and the categories. driven compared
reported sales X%. Our segment were the sales down the segment quarter. pro-forma of million basis Boat One $XXX a Boat for
of However weather X%. we Boats the in second on quarter. a timing combination XXXX, the and year’s pro-forma The be during second July can unusually quarter as decline shipment closing up of wet a acquisition attributable basis, year-to-date approach year-over-year are of this the patterns Boat in to
by impact remove up Our global and Motorcycles reported XX% unfavorable adjacent basis sales were driven and up from The international you on was currency. a XX% growth when markets. the
Accessories Garments with Parts, were business for primarily during the All the accessory up XX% growth quarter increased coming sales and sales. quarter. segments from
American the follows: year We for year, market guidance Powersports by sales remainder low increase our in range, weak. guidance expected The is the expect XX% Motorcycle half percent the market, year and to to Given the revising growth are performance, year. the XX% and while positive our growth mid-single to of outlook remain full the are our digits sales in in remain the to North the as total side-by-side first driven expected company narrowing for now we to full range is industry
X% to We Boat in to continue versus about full increase sales sales the year to expect contribute
XXXX.
share narrowing year We are full our earnings for adjusted per XXXX.
by end previously per guidance issued lower to share from results diluted the raising Boat are our primarily our We $X.XX given our $X.XX half additional an first segment. of
XX% share. the to shipped added We’re tariff all the rate maintaining $X.XX include related The revised X after per EPS end List from XXX components the the date. at diluted the change on the XX% in range upper costs of to effective range
XXXX removal benefit able offset this cost the tariff mitigation end realized. moving has to range despite positive additional We million essentially are List from cost. of to the $XX tariff and earnings, to X added mitigate holding as XXX out, recognizing tariff Scott the team tariff The an the are the this existing exposure of pressure upper added pointed on places and we’ve cost the been XXX efforts given XX%
million annualizes we List XXXX. XX% $XX or million on a $XX $XX into to million to XXX head of X year to The impact million incremental at full $XX $XX basis out as an million
tariff the in XX% higher with reflecting fundamentals. negative performances progress currency costs, and the interest to year-over-year along making we our are costs, improve underlying a XX% continued on to the operating anticipate basis, Excluding earnings business
For between XXXX between and the mix second of differences is the revenue the earnings evenly drives QX split our however within half QX, quarters.
QX fact validation realized our R&D suppler coupled the to XX% that EPS QX, Additionally in drives of to the This our costs with second approximately fourth the in QX related quarter. guidance shows we dealer transformation costs be higher expenses chain in expected supplier have project. given half versus
current remain guidance this unchanged Moving want couple however, our to as there slide; shown are down the ranges highway. on P&L, I a issued points previously
effects gross XXX while to XX basis margins be items driven an basis negative price points tariffs those down on driven expected and the by are of currency absolute prior to profit higher and mix, volume, First, to up adjusted by productivity.
more to aggressively Motorcycles, profit second originally see Gross expectations also and our dollars as costs. than to anticipated, are unchanged. where ORV that promotional the spending offsets we on segment which the in remain are in continue being promote additional competition spend mix promotional selective quarter, both we is by the generating we while margin promotions We and positive
details margin of profit segment We this the have appendix provided gross in by the presentation.
research addition increase operating are basis expenses in adjusted of segment, the percentage mid-teens Meeting distribution operating the and as points expected Boat Dealer next associated variable XXXX, Secondly, the ongoing multi-brand higher percentage to Anniversary in the XX and in lastly, the the XXth Fernley, to costs Summer of costs, week the new a in up from Nevada, compensation from sales, expenses Celebration held and expenses. with being XX range center development resulting investment
Moving onto segment, up by high-single sales to now digits. to sales expectations ORV/Snowmobiles mid be are expected
expected products from expanded has previous with mix range of stronger Our international be PG&A more well previously Side-by-Side and to than sales. as the anticipated, guidance favorable as
guidance up XXXX, range low to XXXX weak of Motorcycle from number now the a in quality; percent. ramp up market ensure high market bikes sales in We modest expanded segment FTR both the expected are and mid-single as production the adjacent remain markets prior ship we to to mid-teens adjustment percent. sales global to met expectations digits be cautiously expected expectations given we at unchanged after and around
sales International unchanged. PG&A in than the full respective the included percent Boat and now the year. high percent sales single better anticipated, increase segments increase to sales were both to which And therefore mid digits to remain range in sales international PG&A digits we mid-single are largely for expect and expectations performing
the working time full from expected over flow $XXX of lower to improve Operating last to the compared capital year previous XX% expectations. finished is to flow driven XX% XX% up requirements. for approximately unchanged half at through million year, last the year, by cash Cash first our same XXXX,
defined the XXXX. bank remainder we stands of EBITDA reductions to on will total Our debt continue leverage for requirements debt focus approximately covenant well ratio our X.XX at and bank as below to times,
that, for to over With some thoughts. back final it I’ll Scott turn
