everyone turning to quarter, back discuss to us our will I guidance call. the remarks. Nick closing for before joining XXXX morning cover and good our liquidity and Nick, our position through for consolidated the take current on results you Thanks, segment and it
As on capital on few growth, past we are and profitable our have on allocation calls, focused margins, flow discussed expanding strategy. optimizing the generating delivering we cash free
while produced over flow, points $XX progress continued Nick cash as our net paid initiatives quarter we prior repurchase leverage first of year, our million ratio. on million in margin down grew of stock in free $XX mentioned, $XXX gross debt, by XX provided consolidated the evidence million basis LKQ and maintaining The as these
EPS restructuring these on to to excludes with attributable reflecting gains we're the I margins. a the a for last Adjusted EPS, to that $X.XX, $X.XX, our few the which have quarter-over-quarter While stockholders still further Diluted progress pleased down in initiatives, on our on and segment losses, comparability. we charges comment will to associated impairment impairment want quarter-over-quarter and improvement details. will few I quarter I do quarter with work first related comparable behind variances primarily tax last over a a LKQ intangible benefits charges And highlight was the drivers asset year, on $X.XX relative compensation stock-based related charges, the to X% divestiture the which acquisition few affected quarter was provide year. amortization, items comparable and minutes.
prices by scrap true decrease the scrap to QX impact due $X.XX the compared in a negative roughly X%. year-ago the XXXX, of year-over-year. down when a with rose price in resulting XXXX first was of of a first First, in of trended a opposite quarter about the sequential $X.XX first benefited penny negative in quarter a to rise the in swing quarter XX%, sequentially. We XXXX Whereas scrap prices of
year, QX from penny and of a was Second, a stronger gains which prior half. and the a U.S translation created and transaction the XXXX losses relative impact to negative almost dollar in
scrap impacts together, $X.XX headwind currency and to prices XXXX. about a of represented QX Taken relative
income stabilized and rebound that behind price As charge the by we fourth in in stock charges February the of equity million stock we price need are call, so recovery line significant indicated record a was without for statement. that recent no quarter a appears XX. have further end are hopeful impairment. we our the disclosed We the quarter Mekonomen in $XX booked December have a Unfortunately, that declined to of the during earnings would us. -- to we significantly share Mekonomen price impairment and XXst there quarter Xst weeks, the The between impairment the
required of nominal assets million outside sell These to refine identified the underperforming the these several to of on we in capital identify intent the over $XXX accounting operating review held-for-sale continue of as because that amount the core we strategy our and to to simplify assets. in to business businesses approximately course the a represent of our businesses As rules, EBITDA we intention near-term. year. which undertaken all are have businesses allocation the and sell Under a annualized and revenue of we the next model, geographies. to sheet We balance classify our units our
through Other EPS. is carrying a impairment impairment until diluted there million we is carrying a presented expected value Additionally, on assets before statement expenses that than is is be the lines the evaluate have the our we to will concluded completed. would than recorded of presentation the as adjusted the from value That the recoverability and impact of no the the as revenue income the less of to We end. recovery charge, same of held-for-sale excluded the flow and continue for as result quarter these which as calculation $XX be businesses. the such sale and classification charge,
negotiations ongoing and know for appreciate the potential provide the further we confidentiality Given details related need the transactions, why to are you to unable we currently. will
calls. EPS subsequent Mekonomen $X.XX. the impairment charges and by a reduced diluted assets held-for-sale updates our course combined provide of on GAAP will On the We basis,
Slides Now points percentage XX presentation gains XX% segments. I North consolidated for on and XX points few the in basis European America our XX gross to will of The with both and to results. increased quarter-over-quarter turn margin the meaningful consolidated a
the on discussed gross have As consolidated impact a the there of dilutive larger hence segment lower a percentage mix European makes as previously, the margin. is up margin negative we’ve and a effect results, consolidated
points to compared up of which higher later. of balances, discuss to average April to primarily million expense or as XX first North the quarter the the STAHLGRUBER a increased expenses financing primarily attributable I will by debt related bit operating America Interest XXXX $X XX% to Our in segments, and was percentage XXXX. European due a revenue basis quarter-over-quarter,
out the with to effective to I've for Moving year share Mekonomen the in that $X point quarter, income want Therefore, we also quarter year. relative earnings, earnings to impairment our the line, full-year down taxes, I our XXXX declined the was which about reported our earnings of Mekonomen tax prior the line is XX.X% by which rate their in already pick fourth after-tax. estimate. but roughly in was mentioned to reporting our million equity prior up relative the quarter first
segments. the to Moving
America XX, than XX.X% or quarter XX was North higher basis on margin -- While first gross points last the during Slide year.
strong team on continues logistics general really market. Our in higher to the the and pricing do work aftermarket to initiatives offset wage costs inflation prevalent U.S
of points in operating negative are While glass was to of line The earlier. we of revenue the decline significant quarter-over-quarter an million his expenses, increase the comments offset margin aftermarket Shifting in of selling progress underperforming costs, to the on also and drove is basis encouraged rental as our year-ago. scrap of resulting relative compared partial contracts. referenced of the in impact saw the segment portion the primary QX decreased that improvement, Nick a of facility operations and administrative salaries. due a margin, leverage one we gross the I XXX Having $XX impact a quarter day XXXX pricing a from effect first out our which as XXXX percentage increased of result to product and There decrease. personnel expenses to price driver initiatives fewer of of such called a as fixed revenue self-service renegotiating by expense in
and rent did XX segment up million was last due million was to down vehicle related during total, business first across and revenue a of QX quarter. insurance implemented employee as enhancements percentage million costs. a Additionally, creating incur said, revenue changes leverage negative the of scrap renewals, costs XXXX to $X prices the in million to highest in higher a impact benefit of April U.S negative in commissions basis $XXX overhead segment million, of in delivery In to compared North EBITDA expenses from the this Sequential That and and year-ago America expansions compared year had prices points scrap the additional $XX as the prior as year-over-year decline impact doesn't for quarter unfavorable XXXX $XX an require to related for such revenue other lower $X effect costs. positive primarily a scrap created swing. quarter costs a
leverage the solid surface, increase basis sound margin in but impressive, point factor its gross took North step On may price scrap the improvement and achieving a very not America the team and a the towards segment when goals. you XX in EBITDA margin headwinds,
Slide our in was XX.X% to Moving European over period basis in segment on point increase margin comparable Gross XX. XXXX. a Europe QX, the XX of
Our centralized procurement a benefit the to continue STAHLGRUBER created we rebate point as supplier from synergies improvement yielded from the XX basis programs with acquisition.
XX contributed increase lower Our point with U.K operations a basis distribution costs.
operating in that expenses. which expenses, operating primarily days early comparable offsetting, had we on a to leverage, high increase produced a relatively point we lower consolidated $XXX we a also versus given European over totaled freight basis fixed to due relative especially impact segments EBITDA year. growth the to on TX challenges negative sales segment XX% a the in regards with had million, quarter year-ago and basis that decrease Partially in selling operating our a an increase last fewer a rental point quarter basis European had facility from recall XX base personnel. XX cost partially to year. this incremental some attributable experienced repeat facility XXXX, respect costs to With did the You
was the we quarter on the from the causing transaction the half STAHLGRUBER a X% relative weakened and a quarter. first of the effect to percentage against penny year-ago, to same losses XXXX, revenue and negative dollar year-ago, the and for flat both in and XX Segment gains year. track. on translation Slide almost as a back X%, a by X.X% QX progress integrating respectively, to on putting EPS EBITDA shown As and made euro compared last period towards Compared adjusted and of a TX sterling
selling manage challenging to working days, effecting actively the negative revenue leverage. economic and fewer we in conditions with QX, operating However, are
to XXXX in Of customers. Turning of and in on XXX relative related first benefited realized this to expenses over prior the margin. XXXX that declined discounts year. than product the quarter Operating due to our improved the carried amount, first Specialty fourth customer the XXX QX year the live relative to balance reductions than basis a as with period segment supplier increased points into Slide higher comparable projects margin incentives XX, points in a gross volumes went that more net basis quarter from basis discounts the primarily expenses quarter higher with year-ago. personnel higher to will We points higher XX costs The related XXXX. our gross lower prior to related expansion warehouse offsetting certain after in of facility advertising to percentage
necessary to segments we be year-over-year as the that a in mitigated optimized. million, While basis the of revenue as generated objectives $XX and the warehouses the are and margin Segment support these down projects EBITDA expenses, Specialty margin XXXX and investments will QX profitability an for increase points to from growth was XXX short-term believe down XX% were that EBITDA effect percentage about XX.X%. was of
results for in Our the able produce has be produced years believe and that and dollars full-year. to business the in EBITDA the team both margin percentage recent Specialty shortfall will up growth we and make Specialty solid
the capital and sheet. Let's balance allocation to move on
As flow XX% $XXX operating than higher quarter the cash QXa presented on for Slide that XX, you first was our year-ago. will million, note
out the to move will year that driving are With teams and seasonality certain timing on based compensation our I our downs improvements, transactions. there as throughout focused call need change plan, we and ups be do on working to though of some capital the
quarter the rebates For year-ago. operation wasn't our large STAHLGRUBER month customer a in example, triggered which receivables paid outflow get a in present that of in the for March,
cash million the hand, reduce almost that to and free year-ago. relative inflow the $XX cash quarter CapEx and improvement $XX in able million the to resulted inventory resulting of were On $XXX quarter. million quarter by a we was XX% for other for for flow as the
in of million $XX repurchases first we $XX down of paid In the debt. million addition to share quarter,
flow capital into cash billion same ASC allows standard XXXX, delever on the Our shareholders. added our our sheet. see us about returning long-awaited large to you accounting while generation the to And can balance a rules. no liabilities the prior unaffected. in impact under operating was was our assets accounting standard off statement credit accounting similar to ratio There due in under amount and to and new time material impact On covenant that January effect. a sheet leases on at net related X, were income lease our $X.X We strong XXX leverage the went facility balance the
Slide XX. to Moving
of resulting last As months of net $XXX March, $X.X had about XXst about we or of in of debt EBITDA. million cash, billion XX X.Xx
rates Now I at note scrap guidance would like on levels. annual Please to the assumes and exchange update provide our current that an prices foreign guidance. that hold
Additionally, potential the Kingdom's continues no European United from the to exit disruptions material guidance with associated Union. assume the
earlier, noted with short-lived. excluding decline line we margin self-service be Nick As expectations. specialty expect quarter North in our performed the came America first to and the well
resilient that conditions economic to leaving the holding year, the remainder see of management guidance our the GAAP income believe that the business full-year to are adapt team and activity. European appropriately our XXXX the of quarter meet full-year targets. forecasted exception U.S is we Therefore, we with we the for the challenges While first unchanged going with will
to $XXX to the balance earlier. the referenced non-cash first of I million. the summary, accounting $X activity, remains revenue for $X.XX X% charges The spending is at the Adjusted the of range basis you at is to diluted QX run Cash start for related for was me quarter remains guidance Diluted services $XXX prospects flows from to to the to operations EPS remain impairment Organic a And GAAP reflect optimistic $XXX the year. on year. capital to figures our unchanged a through range we parts of to a at corridor. $X.XX- of unchanged continues growth Let remains EPS the about In updated primarily quickly. and $XXX range solid $X.XX. a to the million X% range million. and a million year
call remarks. back turn the closing for to I'll Now Nick
