or Thanks, call the Mike, to morning everyone good and today. on afternoon
by was offsetting near-record sales very dramatic In a benefited of to from international currency America, the market. strength sales EMEA amplified record Latin declines. in dynamic volume headwinds. fluctuations, and adjusted see modest what it up FX and in quarter, Pacific great driven while XX%, price be the continues saw strong at to Looking were Sales spite EPS and Asia foreign
parts up XXX in warranty by driven cost up and positives the rates headwinds. higher and shipment by These and XX% volume margin year-over-year, pricing, quarterly containment. sales. FX strong than points to Total higher higher-than-expected new a offset more was Adjusted EBITDA XX.X%, attachment PG&A driven record, was costs quarter strong basis revenue achieving
and We sequentially, million a our Below included premiums quarter-over-quarter market the opportunistic remain other conditions. levels up the given We continued levels. headwind subject basis. cost on and profit, quarter. X.X Supply chain to to cost repurchases higher in expense share decreased and share debt guidance, within to executing interest bought remained rates shares operating buyback but with tick committed were a
Turning to our segments.
last Sales of expense were had made on and sales increased margin, and higher impact warranty were FX and Off-Road. points. a cost relative of headwinds. with up was premiums, volumes PG&A margins billion XX% shipment XXX to offsetting positive chain supply XX%, the gross start were Adjusted Let's up up up variance basis Wholegoods XX% $X.X price. and year. Pricing with up wholegoods
we share the includes down business, performance open digits continue and ORV with Breaking quarter. to believe the and which the recreational digits, in share with believe thus hold retail we Youth. ATVs. in North RZR wide loss strength Looking up single low versus was out in We subsegments. the industry in at side-by-side We crossover high single America better to performance, were pointing
to continued we shipments Utility In chain share environment constrained share which XX-month be and ATV, still segment, we shares, was rolling the points. RANGER We estimate a X.X approximately average, On by includes ORV supply lost this believe by competitors. product availability challenges. down as of versus contented result such in launch product are new complex around the not priority component products decisions and production value shifts the of the premium prioritizing of product result less and
are eases. and in opportunities for see to particular, share trends increased the part opportunity as and in driven In demand an segment see RANGER we supply do continue share volumes. by gains chain gain utility mixed, demand While shipment our to commercial we businesses, large with strong
less as over made XX% and businesses Off-Road our of think plus more defense. is We resilient utility mix of in business of government commercial reference, each and and our these For sales discretionary. of up
ability through to QX we these well and and should as Our customers XXXX. us move into shipments position increase serve
meaningful variance headwind, Switching year PG&A you and million and XX%. PG&A segment wholegoods XX% were supply An gains to points Motorcycles our if sequential even than was which leading between goods meaningfully helped volume Remember been $XXX for and Again, up up substantial up whole a with strong versus basis could expected a that, last leverage on chain to shipments and [indiscernible], both to from mix which for international that is share Slingshot. and increase revenue saw thus, improving up now. Sales was main On-Road of not On-Road FX see includes of a higher the continue. price. XX% have pressure Indian XXX FX. basis, Margin
number down the America of single retail a Demand quarter the remain industry North up across stable high single in motorcycle in was Indian low digits. versus digits indicators. trends
for The On-Road believe Looking due the saw headwinds. segment the to at it share we great up see portfolio, margin to level, execute and strength basis, share improvement future to rolling a the share the in sets down a of strong was the strong despite execution The quarter. in FX gains. continues success on high product combination a we X% third XX-month team at
Shipment driver, $XXX beginning Sales grew The of volume followed demand XX% Moving up over price was volumes to time with mix. and industry shipment largest of XX%. to of seasonality a year-over-year. by level return this million last Marine year. Similar the segment. by to quarter, slowing were normal Marine is to at our
In XX% addition, remains but below dealer inventory XXXX continues to rightsize, levels.
retail low rolling supply loss was digits double the we this XX low Pontoons, a partially On was up strong basis average costs. industry. inefficiency X believe we largely comp; offset believe challenges. points, chain approximately supply our American was view, down attributable difficult believe chain for was the XX-month share versus industry North down reflecting double to digits. We Margin a down share pricing was however, points helped and
ability manufacture easing by performance are strong, positioned well and ship quarter supply in to and Summing the finish teams chain to we investing our believe up challenges future. improved the our third are year our We product. segment,
we As and trends remain trends closely shifts we encouraging softness portfolio. to earlier recreational with consumer in the well but year are have Off-Road possibly yet availability. component align On-Road see Mike return to and said, took normal seasonality demand are measures specific in the watching across material in improve and behavior, to tracking
year-over-year the well We margin expect as is be a as logistics fourth work top and to our end declining we which the as term of to Pricing our to increase more Off-Road to during contributor demand costs. spend commodity in the segment. will expected pronounced stimulate creation remain positive in funnel, near quarter
Moving flow we million we to operating QX, operating cash in expect generation a cash to flow. year flow be cash strong with generated cash financial our continue will above well free position, both $XXX levels. XXXX and In XXXX
Our changed. capital deployment priorities have not
on repurchases. to investments, high-return continue and organic dividends opportunistic We focus share
amount bought $XXX back Polaris quarter, worth million. bringing to our the stock, repurchase we million During of $XXX year-to-date
an stock to view these continue price We point. our as view conditions subject and to market levels undervalued, as and other entry opportunistic
we cash, cash main couple at our a improve believe of there profile. to generation are Looking help drivers flow
chain dealers. in allow On-Road phenomenon rework to and the supply portion this materials improving of to complete an inventory raw us rework. consume ship We is that in a quarter, they first where ramp started good our The should see production to worked and through to especially
us our balance in the as strength a sheet financial cash to the lift. have generate long term, view Second, also a to XXXX pricing strong position flexibility invest actions our for providing We while taken as throughout provided and competitive our returns to business it shareholders. cash for allows the deploy excess
into due XX% increased now of year the and stands to end the upper Within growth. improving end original the Turning due to we at updated to narrowing year. of has ranges X our range leading that, of Most XX% our move expectations. that did Off-Road months to chain, narrowed shipments. the to here range we supply upper our of an been fact guidance the changes to function full to the Sales are a guidance are
outlook of international also Note, season has in On-Road this lowered ramps. as the strong exposure. segment FX with snow our increased We business to due headwinds. for QX shipments greatest the We percentage anticipate
For Marine, XX%. outlook ability shipments price. grow Adjusted we expected is their continuing XX% from to to raised and to operations to due our increase EPS still strong
have resulted impact the the middle in FX recent in and could movements further While we our with headwinds comfortable to of assumptions. upper negatively range, are pressure end more increased EPS
compared of at exchange has $X.X the impact and current $X were If and to had an million what penny an penny This every million of been to dollar every $XX million approximate our a XXXX. QX guidance. $XX in for has headwind to approximately QX, than change million. July rates there greater full hold in Modeling year operating $XX we euro in foreign in the change is Canadian assumed impact to rates, profit million is accounted has approximately
of margins. couple A items on
basis of warranty narrowed by our a FX XX and decline expense range, third to points we high XX to the First, prior end driven at of the in gross margins profit quarter. our increased expected
which to We spending to the our demand high XX narrowed approximately prior quarter. by higher decline end EBITDA FX in the creation points, margin driven guidance, basis and is by expect of fourth
compared at the to remain and positive price quarter look expect year to we volume quarter, the As prior fourth we contributors.
increased to expect we volume be line chain and of in record economic is top execution. only see volume. benefit focused global to shipping also as to to The the a Polaris higher have margin Overall, track we challenging it thus encouraging lead improvements shipping remain long help we different. supply not performance, inventory. not an on on do environments, our health the navigating should this impact work of chain continues supply but has our through any cost Increasing time
initial With that, on turn over I back XXXX. for will some it to Mike now thoughts
