CarParts.com, Inc. (PRTS) Q2 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 this call is being recorded. I would now like to turn the conference over to our host, Mark DiSiena, Interim Chief Financial Officer. Please go ahead. Hello, everyone, and thank you for joining us. We have a KalsParts.com second quarter 2026 conference call. Joining me today, David Meniane, Chief Executive Officer. Before I turn it over to David, I have 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. As the results may differ maturely, those contained herein are implied by the forward-looking statements due to various risks and uncertainties. For a discussion of the material risks and other important factors that could affect results, please refer to the Kalsparts.com annual report on 1010-K and the quarterly reports on Form 10-Q, each as followed with the SEC all of which can be found on our investor relations website. On the call, both GAAP and non-GAAP financial measures will be discussed. A reconciliation of GAAP to non-GAAP financial measures is provided in the press release that we issued today. With that, I'd like to turn the call over to David. In the second quarter of 2026, we delivered our highest adjusted EBITDA since the third quarter of 2023. Adjusted EBITDA was $1.8 million and improvement of $4.9 million from the same quarter last year. This is our sixth quarter in a row of improvements in the metrics that matter the most. Efficiently acquiring customers, improving operational execution and maintaining disciplined cost control. These gains are not the result of simply spending less. They reflect a structurally stronger busin...