On of financial outlook our Thanks, review quarter results third year. the I'll today's our good morning. Jay, the remainder and call, updated for and
$X.X a flow. had quarter financial you saw million strong of very EBITDA to XX%, performance. $XXX over of of and over cash As We Jay, margin revenue billion, increase an achieved from heard adjusted free we generated
up Let's a prior revenue walk X financial quarter XX,XXX were where slide by a driven results turning combination Sales the from all by production production North in X outperformance. details third you'll year. was quarter compared America, our higher to and ago. of to see trucks first continuing in through XX,XXX, almost markets the year Class the truck $X.XX billion major In
by the We Europe step were remains increased will our Sales expect third up quarter high quarter up in also our fourth production further driven in levels. board levels in at volumes. order as
growth year-over-year highlighted has we several international Jay in other last seeing over markets. the our are quarters, As
quarter $XX come fact, growth of In in the sales about from the businesses our China, Brazil, we million saw and in India.
XX revenue end we of accounted approximately adjusted primarily compared points achieved adjusted last outperformance primarily by growth strong increases market last higher year. basis supplement addition $XX In and EBITDA to to through continues new generated of sales wins from Driven sales increased million and increase $XXX business for margin our to in the by markets, revenue, year. share million EBITDA and
our the over converted As we the expectations an environment. all-in of XX% incremental you just can market right this see on revenue on side with at consistent chart from slide, on the for basis,
year-over-year impact These through two from and the our earnings the before, benefits costs OPEB we Noticeably made affiliates balance U.S. in absent performance tariffs to year. at discussed from September. fiscal resulting $XX is our escalating $X impact of will of the JV causal lower in to and the expense the continue in Meritor our last resulting retiree include interest and in the items we've end As steel of WABCO million of in this on modifications year healthcare million lower our equity have financials. that we sale
U.S. to-date, these. briefly case of steel about tariffs the from we raw very speak me import Let little steel into each implemented In of abroad. the
have As the course minimis tariffs increasing on a the including landscape the is monitor in result, situation this impact tariffs continue late-August steel Section fairly frequently the of far China. us but set rhetoric, on significantly. been prices In from de we'll the to has steel strong XXXX, we so imposition of a potential of environment XXX changing domestic seen thus of broader demand of escalating new market trade and imports
In XX% steel escalation Coil XX% our Index fact, an costs. increased been has has increase since year, inclusive result last sequentially. the The Hot-Rolled in an of
financials. have mitigated steel has which However our this been the negating recovery by increases in impact on escalation offsetting prior year-over-year mechanisms thereby our been indices
In positive for basis steel year-over-year QX. a fact, a in us on was slight
$XX that XX.X% driven to lower the points was operations or on XX $X.XX finally, of a pension XX% increase this you continuing the to diluted free revenue retiree side basis chart, of from income we adjusted last left million, by year. And can million Moving expanded we over and see Adjusted share, of medical margin conversion cash by quarter. and per earnings $XXX generated gross flow expense. incremental
addition executed actions we and deleveraging earnings, interest XX lower In from retiree operating to also we benefited the due reduced medical cash benefit the payments to months. higher have over last
slide & by Trailer segment, our reporting both quarter move details million. our Let's EBITDA $XXX our X third segments. sales and increased for to of Truck to In XX% which sales Commercial
in operate. While the also which by higher production other we driven in saw revenue major North every market increases increase in primarily America, in we was market
were last business margin from year. higher last margin year. to Trailer In Segment EBITDA $XXX of market last both business and Segment addition, XXXX. in XX.X%, benefits adjusted higher up higher partially and we year. in benefits, on to acquired included million year increase conversion last In was year. we previous volumes Segment EBITDA Industrial adjusted business million, from fourth Aftermarket EBITDA were & primarily in our revenue XX% saw over which The and affiliate Truck EBITDA in up The driven increases changes the the XXX-basis-point share from $X was by wins across of retiree fiscal and North the million, sales quarter our offset & offset America revenue by favorable by to came million, compared our favorable driven higher earnings retiree XX.X% segment, both venture business increase $XX from material increases and benefits driven EBITDA at margin last EBITDA increases. was a sales Commercial freight Industrial divestiture of $XX up from Aftermarket medical changes adjusted year. on impact by Segment for to by adjusted the in conversion partially new costs. and impact joint million lower in the the continued EBITDA medical year. EBITDA margin and sales, higher compared XX.X% were primarily The was $XXX
global North over a X. for outlook signs no on our and truck slide XXXX slowing last with The the of six Class the is review of in market approximately showing XX,XXX months of near-term America down market X units orders I'll backlog-to-build eight Next, ratio year net fiscal months. four
more this hook due Class driven during to by ELD to units from our more and X drop lighter Class implementation, as respectively. driver shortages X-X fiscal XXXXXX year continued to XXX,XXX units increased show as and units strength to XXX,XXX at and We and are outlook considerable for loads well have activity activity. e-commerce maintaining XXX,XXX the frequent volumes resulting production Trailer units,
units increased We've remains X,XXX outlook XX,XXX strong South America. to our continues maintained production estimate increasing previous at Europe for to are by XXXX. for We and in South and by America outlook recover. XXX,XXX Europe to our levels our units XXX,XXX
we've to call, market on As this expand. discussed continues India the
we driving again can globe revenue end along year. our would $XXX market XXXX to by see exceeded raising trucks. this increased to Based XX XX% assumptions, This year China Overall, first this business with approximately finally, line importantly, in top X% for slide these revenue on by million. be $XXX outlook million our XXX,XXX. on the across on increased And revenue XXX,XXX XXX,XXX outperformance growth market you has strong guidance. have expectation are successfully our that are opportunity. has to that converting the there markets to XXXX we And We the this our are
to now are revenue We're $X.X a now of be margin XX-basis-point from forecasting our billion our approximately high of prior expecting end an approximately on adjusted guidance. EBITDA prior the increase outlook. We XX.X%,
our $X earnings guidance $X.XX raising new from share. adjusted continuing also to share per operations diluted a range are per We to of
that $XXX And investment to finally flow MXXXX earlier, we to in year reiterate three subside based guidance excited $XX growth. expect two on of in on a inclusive targets higher our target. cash adjusted track to achieve million We guidance Just our expectations, what million. to in be This this capital one any of investment working our $XXX flow to to million early we're we increasing revenue working year as approximately support incremental are Jay said earnings would range of our includes are revenue level EPS an stabilize. cash capital free
point cash $XXX looking we flow to As XXXX as see expect which a we million result, the XXXX from $XXX growth beyond. in FY million cash in future starting the and free in flow to FY
XXXX execute We are in very as pleased MXXXX our so with we continue to on our performance commitments. far
take we'll Now, your questions.