Well, thank good you morning, everybody. and
he he to to Chief And his always a played like by the all SMP Jim’s been significant congratulations Operating in would to financial offering Jim to I Officer. through off, rose our decades. open aspects ranks, asset promotion invaluable business. on while Burke First my role an of for
excited is As come. expanded and role him this in years qualified for very uniquely to appointment, many for I’m to his with such, he work
industry that Secondly, we our to us XXXX their I a employees, and and We terrific achieved past present, recognize to participation a XXXth who a to devoted our year. and have would stability the making time energy now to who to longevity milestone. this attribute focus culture, of and in SMP of like has are. a take moment thousands significant marks
unfavorable continued. Okay. On first division the the of by Engine we a went I for result, with will up with color sales few only positive the through our After The trends year half, Jim third quarter are momentum. the of performance, saw X.X% so a some some the remains the will quarter. the division’s add to And the we were have Overall, operating I business Management. XXXX, pleased as with to challenging review performance. numbers, while starting quarter’s pieces. satisfied we’re a on in the
down balance discussed, this growth. we our low was on expect Engine Meanwhile, of of product expectations Management and the previously type the is line technology over single-digit older Now this wire X.X%, increased year, stated we decline. of an our X.X% but the category which gradual end as last is higher of cable can and have business
behind sales remained full Engine Our Management XXXX. portion year of in the non-wire
not did repeat previously by explained, ‘XX. a to as was customers due XXXX, this However, in placed entirely orders pipeline few which larger-than-normal in a
would we this sales year, now have Excluding this, sell-through year. comparisons. continue Perhaps come. of we lapped importantly, customer be both the the expect X% that leading And with of non-recurring things and year-over-year indicator event, to last be robust, good to about increase a full our a more tends be normalized ahead which in to quarter more
Turning year to for XXXX. sales Temperature to full flat were essentially Control, the
typical. the summer. strong year’s half, differed up had was than inventory tapered of XXXX We XX%. the as in to their sales and their half the season previous first significantly robust second year. have second off years the weak such, inventories a were experienced very first XXXX half However, with warm due down their mild a opposite. ample the We for a X ‘XX Customers substantially rebuilt a in dynamics. XX% then season. preseason Then were and was selling purchases customers from from as previous lighter half the
flat. our were So year-over-year due customers, to our dynamics of the ordering sales
increased However, are Jim was bodes XXXX. we their expected, well preparation X% out, seeing which our stronger in orders. POS it. as pointed And for have X%, inventory we for preseason up to And as
discussed, us So challenges, behind had stronger note point. anticipated Wire geared acquisition are Cable inflection Within that our proved many it’s Reynosa nature, to important to take for plant General term we’ve previously difficult certain than the while an reached but us company. more XXXX a reasons integrating Management, be and were largely making into in and short longer to all are Engine
an was have has workforce us This and we very acquisition now stabilized coming speed. business. for Our and are to up a strong excellent
we happening, Orlando while In Kansas. facility And our have a seasonal and we made with electronics it in regions. disruptive now Control, achieved also China, more And Independence, distribution our will environment. low stronger business ventures our capable relocated in in was moves. majority have and a while temporary the major all to of with while We dealing in our the of pain, center. And plant expensive we’ve vast we our illuminated We this synergies. two joint with recent caused completed production a Temperature unemployment major in low operation some a emerge of investment cost us operations
seeing We development towards are positive future. geared stronger elsewhere, a also all
Speaking only in here the of helping us with are equipment have provided making our importantly, U.S., are growth they beachhead the they inroads original and X region more in with JVs, markets. cost not structure Chinese solid our in a Chinese us high
Our continues to contributor. major Poland operation a be
Now with XXX employees, newer area, high-tech into technologies. over a engineers developments XX including are in over seeing low-cost, we
market gas Our Carolina South manufactured the injectors natural fuel mostly into China. are Greenville, compressed going terrific, heavy-duty in doing of
with are Now, various other us and the initiatives, future. for these are examples, just positioning a along few
saw of obviously half real a of but lot the half had first So work challenges, ahead second have the still trends positive. of year in while the of We us are signs various improvement. closing, the
in than we market, customers’ better as winning the can Industry significantly purchases, been awards a which which at several in evidenced major very POS dynamics have position very have far strong, year-to-year. accounts. strong is Year be vary Our divisions a of Vendor both is favorable by continue and the their to indicator
will the it So the we future our up my point, concludes remarks. we this optimistic And about turn for that moderator are very I second open century. to and At back questions. it enter as
