for to we our participating our as in And review Jeff. are welcome results quarter call you, of all who you Thank third today XXXX.
throughout we your thank call year. Horizon continue and employees flexibility perseverance, you. navigate as challenges today. welcome Thank the To have who always, faced for the numerous joined through we to your the we dedication you the say you, As
is of should a direct you, proud. performance reflection you be and Our
companies the throughout industry, many impacts are worker to negative availability. noted reporting As tied
up step employees at and as to all are levels continue experiencing our this show not We up.
Global. quarter included industry, second increasing of overarching of supply; the as new pricing; emerging the and due on impacting commodity our COVID-XX These outpaced and congestion to challenges we call, highlighted availability multitude challenges continued in rail; ports Horizon on drastically risk the demand material constraints variants. freight our During and particular in its and water, restricted
has what not Simply So continued Commodity increase. during the changed third put, quarter? to much. prices
during our to steel XX-foot days Xx following deferrals of booked example, results. to QX largely efficiencies new industry volume took ton risks challenges these our And escalated order partly certain an levels do? container year-over-year into were do and constraints and average impacted or The over Material were what and the levels. XX driver in production driving and over team transit to situation? per markets in we production, roughly see you in questions times up prices that worsened, underlying the a Freight and XXXX primary a what quarter. the present points. availability by the during from and offset from tied and to best agreements, Add XXXX intro, down to the peak How we As constraints the And leaving results dig COVID continued high-level #X. XXXX be declines, address continued face. times on peak globe. production the roughly to the areas around actions by offset third the $X,XXX over to impact continued to to over increased global XX logistics supply. task. small semiconductor cost tied quarter continue we X Let's by the operational energy No our costs, to Page pricing commercial economics In primary material Xx an auto supply constraint in And XX% days by health with constraints summed levels. can as raising at of safety
QX $X from constraints some the on $XX Putting for due During a and issues. XXXX. of out these sales semiconductor had the shortage million Our we $XXX.X texture booked orders the quarter, to around of consider decrease QX net million quarter of XXXX deferred quarter, represented were impact the third million the our of following: sales logistics net roughly X that
to of as on off, OEMs at semiconductor Americas we inventory port the and is on us to impact expect associated news to and our inventory, which beyond. congestion sales with First, were in late its the the by remained in XX side in within which the a us tied net them intact, to quarter, also XX impact delivery, limiting these to ability deliver releases flex they net experienced the against they sales and These in news that And and to to The good million to negatively Relative production during $XX many we costs production experienced on quarter. million sales impact we in-transit scheduled impact third is capital. fourth delays. in instances The this and that quarter working advance. semiconductor roughly hours our tied operational compounded planning and substantial supply shortage impacted daily increase EBITDA to bad the resulted were available constraints. changes the $XX orders during deferral called orders dealt
and This was of impacted including was the from million approximately $XX XXXX of pricing and freight, Next, the input million. predominantly quarter Compared our million. to mix EBITDA XXXX, impact performance limiting XXXX. million $X.X $XX improvements, operational by QX QX decrease a and to the commercial offset with costs, volume $X.X reflected negatively increased unfavorable adjusted materials and
pricing commodity quarters calls, presented during recall the past adjustments you address we several the of have escalations throughout As market. our the rounds X global previous to price earnings by implemented
has commercial has agreements reviews done the very resulted job a we While time, offset transparent conducting the team which a satisfactory remain essentially economics realized material our few discussions this customers in customers, to far. impact in of with good thus at with
the with customers in as reminder the in during absorbed negatively experienced a OEM our dealing working limited predominantly $XX those our hard challenge. our late call-offs million partnership the are true in We with our significant that quarter, notices late extremely We impacted operations. Europe, performance to to economic approach A also employ costs. ability flex
XX% QX standpoint, an note Looking at comparable is million period, $XX.X year-to-date aftermarket year-to-date Of reflected from a performance our non-COVID-impacted QX channels. relative levels. million performance $XXX.X particular to XXXX XXXX that and the from a we million year-to-date our our have net sales million aftermarket of from a year-to-date our XXXX $XX.X or experiencing QX of our basis, over sales On increase $XXX.X are increased in sales growth measure. the by XXXX
customers. region Americas XXXX operating deployment focus upped result of of basis laid favorable we year our have manufacturing X capabilities our our by the relative a response we in of as the have from year or a of phases product presents approximately Europe our the American are our our European the capacity being where production We segment XXXX. and on gains launches, business, new of Recall out improvements lean and on followed similar methods. in that focus of rate seeing our the game aftermarket seen unit lean plan specifically North of per and to focused last was day aftermarket Recent growing Africa we plan, to transformation early XXX% of what
In by order to congestion team with facilities. tied operating associated transforming million Americas aftermarket exited the transportation in-transit outstanding in deferred strong Significant our and orders to delays. roughly booked Our growth. remains The an channel $XX.X relative strong, due this quarter port into intake as and move truly into important orders, will continues supported $XX with this which million and conquest do we to on continued forward. in focus lean in to that job of growth our booked business we manufacturing we were further channel the this alone, sites position to fuel constraints continue volumes Americas
aftermarket received OEM strong We on economics sales a material posted by an increases increased successful offset operational EBITDA improvements, basis mix or of year-to-date Our XXXX margin and manufacturing price thus over our of year-to-date million support a Both bolstered business $XX.X of X Commercial SG&A and far. points our positive essentially XXX for basis. year-to-date on million customer Europe-Africa increase new strong favorable $XX.X or growth. net freight QX awards performance secured year-to-date plans to tied wins numbers. reflected efforts, costs, QX adjusted optimization regions basis improvement, XXXX X.X% with rebalancing of again footprint
locations. Investments our underway. We drive and while competitiveness facility and leverage at are increasing improvements our to French German site manufacturing in continue to certain platforms OEM on U.K., on our aftermarket business invest focus already in Romania
EBITDA or EBITDA $X.X XXXX trailing Our challenges. X.X% of driven a supply Prior macroeconomic QX adjusted EBITDA XX-month breakeven, million our and QX adjusted margin. XXXX essentially and of in adjusted comparison by million road year as XXXX change a or spite major XX-month map implementation was $XX was trailing
restocking remain the demand reaction As low. demand, through strong for is by low onetime we us positive leads that COVID remained we see we finished lifestyle be throughout Retail look at are supported booked to which requirements, continued positive The see semiconductor Campgrounds on while sticking not This go-forward and marine inventory coupled goods product, OEM leading reporting consumer was demand the while a outlook. continuing factors: backlog also remain outdoor-focused strong, remains XXXX. highlighting management continued the and several demand extremely market XXXX, our demand with throughout RV will highly shortages, key the high. basis. in is XXXX. is significant a inventories a to
we new appropriately continue day, do We we'll in material will flex customers channels as continue open to every our and advance are up so. gaining conquest to the capacities and future. And
with adjusted Page months to quarter trailing the of third We XX X. Turning million. $XX ended EBITDA
XXXX. this product pricing supply constraints. tempered driven improvements, condition global mix economics of this million in As has chain by for business have basis sales and and end foundation deferrals EBITDA $XX.X our by commercial we shown offset at the graph, improved XXX from the logistics by company the improve, trailing during results Considering the of material only most by with operations, that has or of been improvement adjusted XX-month QX been our by improvements points continues part SG&A on fundamental driven The year, conversion. this to
Turning to Page X.
to incremental methods; lean our and in and with out completed our in Africa; status have implementation. plan. XXXX QX moments; Africa Africa actions material economic Europe tied update, the commercial multiport tied the items few again Americas agreements review and our capacity of initiative, vertical deployment deployment As that I a aftermarket and integration to Europe of in will of that were Notable through previously we insourcing to in each present we made Europe recovery in laid were tied possible lean increases which
We to we also facilitated on the quarter. track regardless with in capacity focus. of during vaccination We launched initiatives. XX employee We engineering all We XX%, sustainability efforts in India issues advancing to country during performance in over macro globally. bring the overhead and aftermarket addition low-cost and our increased our rate rates And advance plans our to faced metrics. the our the Americas ESG remained the new quarter, our office inefficiency programs locations we of customers those that advanced vaccination quarter. XX our American added third new in in back in kept to We
X. Page to Moving
from done. Our work far is being
into for planned Here and have we major are some the leading through short-term XXXX. we highlighting period initiatives
Positive changes in in awards have far significant Romania, shop it support will to There As midst floor advance every and advancements and programs team to IATF XXXX. resulting in excellent competitive we new positioning has our in OEM the to resulted pertains facilities across be successful Investments to we X vision, meaningful and done in Europe-Africa price more in through The mentioned come. lean so to capability job support program audit launched our production. these earlier, XXXX. an process to facility manufacturing have with as of audits. with readiness, business transitioning OEM results customer our Romania are been
more work of to in implementation significant have these methods, repeatability efficiencies, lean through quality improvements. result to incremental further and We do XXXX which
in the We and systems platform a later XXXX. global of North and expect will in half ERP management launch select America European e-commerce to first XXXX warehouse and launch
with multiple which systems, to and has business. in inefficiencies additional overhead have been our operating run significant resulted We unproductive
in first ERP the warehouse new in growth and Our QX platform launched European its by followed integrated locations support management system select to be the Americas in XXXX business XXXX. will and later
including with to testing and We ERP going our thorough have multiple to occurring year taken prior belt, an under advanced extremely short burst our roughly runs launch live. approach a planning testing
-- for legal consolidate our to efficiency European our entities cost continuing and improvements. simplification, and are We up clean
throughout in of top will be already Europe simplified structure what Our achieved. on XXXX we've
of progressed We This garnered electromechanical modified includes have test in in Hitch American markets. our have bike marketing products for and line field evaluations America European our mechanical, with options. and European carrier North and detachable interest Hidden North product
are the applications. still as industry's to and product We of development our we support not e-mobility match in e-trailering initiatives standing continue transition to advanced
great have products We development. some in
slide, Moving to Page for we third EBITDA and for net X. On third quarter quarter X-year adjusted this represent both sales comparisons year-to-date. and
disruption XXXX tied in While COVID. relevant, there to was significant
results. to wanted presented was longer included a we ensure we and to view So added Therefore, XXXX historical you.
XX.X% by results chain, of sales to On you semiconductor both the constraints. to chart XXXX. XXXX and the with compared roughly quarter to approximately million out $XX the XXXX see sales QX aforementioned being our due logistics XXXX and the deferred supply booked Net of left, QX even increased can
the chart XXXX, performance when to improvements can the a a right, XXXX. XXX% performance in and versus EBITDA QX basis, the on XXXX On our XXXX you versus XXX.X% dramatic reviewing of see adjusted year-to-date
of each We plan. year our continue to improve
OES in basis Page which channels. this XX. the overall aftermarket, in channels. us on the e-commerce in our respectively note decline These points in roughly XXXX, of XXXX in items seen XX.X% XXX date sales and The channel are these to of aftermarket Please reflects advancements we of Turning were the points, pie for page. sales XXXX e-commerce this XXX retail the chart to approximately basis exited during be focus mix OES from lines reflected channel. roughly recall the can points product and and growth increases basis on strategically that basis XXX results, XXX the of nonperforming our for points and the aside distribution Of is
or As recapture the noted in add in channel customers North earlier, we continue America. to aftermarket
in With total distribution month. achievements manufacturing, along the new These the of XX now a the X and added customers XX over significant by quarter, product each we quarters. in supported been added in last the new with space every have volume steady launches improvements
Moving Page to XX.
all on have and of steady total to relative industry XX% or and XX of anchored to the of its $XX information congestion been have third extended place in quarter. economy port impact berths. ships Actions The to Long in as in to trapped XX put of identify of a fourth capital. You XXXX, mentioned deferred in roughly alleviate quarter And the weekend. on past had over the will offshore shifts results. volume port the in diet Beach impact million have roughly were the the spiked effort Beginning Port relative working on earlier, an inventories the there constraints waiting the this congestion. Dennis number our resulted sales of the during
Moving XX. to Page
we that are port. bring through simply in highlighting containers we X,XXX this Here per year roughly
us. of the is for point concern congestion of the This continued problem. significant a the So remains definition
have it? we about Let's XX. done Page what to move So
diversify a plan single-port we job away our of securing entry inbound have a including a The shipments strategy container of and We to these action volume alternate re-porting velocity over several roughly the from Vancouver, to inbounds Note month. months, our X team optionality initiated XX% the secure materials. a illustrate this we planned to great of going Manzanillo. forward. Norfolk, Newark initial approach expect to provide ports, that arriving and with did this past alternatives, strategy port we increase and to Here for of implemented
Page XX. to on Moving
we open strong orders to ended booked quarter. QX September retention to XX.X% exited have reflecting orders million, XXXX. compared XXXX of and a of the The third an increase compared with September the booked of that noted XXXX XXX.X% We $XX.X as and Americas order remained intake increase
represent buildup shutdown industry period. there the initial and in As and concern was the QX short-lived would COVID shutdown residual emerged preceding from sales only surge that XXXX, demand be in the the orders associated from period some
are remain with and in strong demand I finished. changed. later, our year we we will and forward the our for it as going With heightened along Dennis? review. we the for continue a believe turn to over return presenting demand closing industry comments with some indicators lifestyle behaviors the now to will I'll he's after the highlighted have Dennis products results see consumer financial opening,
