CarParts.com, Inc. (PRTS) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. At this time, all participants will be in a listen-only mode. Please note that this call is being recorded. I would like now to pass the conference over to our host, Mark DeSiana, Interim Chief Financial Officer. Please go ahead. Hello, everyone, and thank you for joining us for the carparts.com first quarter 2026 conference call. Joining me today is David Vignon, Chief Executive Officer. Before I turn it over to David, has some important disclosures. Our remarks on this call could contain certain forward-looking statements related to our company and our strategic initiatives under the federal securities laws. Actual results may differ materially from those contained herein or applied by these forward-looking statements due to various risks and uncertainties. For discussion of the material risks and other important factors that could affect results, please refer to the carparts.com annual report on Form 10-K and the quarterly reports on Form 10-Q. Each has followed with the SEC, all of which can be found in our investor relations website. On the call, both GAAP and non-GAAP financial measures will be discussed. A reconciliation of GAAP and non-GAAP financial measures is provided in the press release that we shoot today. With that, I'd like to turn the call over to David. In the first quarter of 2026, we reached a milestone. We have been building toward for five consecutive quarters. Our first positive adjusted EBITDA since Q1 2024. our adjusted EBITDA was positive $585,000, a swing of nearly $7 million from the same quarter last year. This is the result of deliberate action across every line in the P&L, advertising efficiency, customer acquisition quality, lifecycle monetization, warehouse operations, offshore savings, and a fixed cost base that is no...