Q2 2023 Financial Results
North America ERP Implementation Completed
NA Launch Effective May 1st
Limited Operational Disruptions Resolved
New ERP enhances productivity and efficiency
Roadmap to consolidate six ERP solutions to one
Replacement of legacy 25 year old system (pre-IPO)
■
■ Real time insights and decision making
Supply chain management and tracking
Pricing and costing efficiency
Scope and complexity of the launch caused
temporary operational issues
Primarily impacting one manufacturing site
■
Ended Q2 on a strong note with June North
America sales among the highest on record
Once fully implemented globally, ERP expected to
accelerate margin and earnings growth trajectory
Sales Backlog
+116%
Q1-2023
ERP Implementation
Costs
$7M
Q2-2023
Q2-2023
2H-2023
Expect backlogs to
normalize in second
half of 2023
Expect costs to
moderate in
Q3-2023
LO
A
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