I Mark. our of XXXX. start overview to in would like Thanks performance revenue an with
respectively. increased $XXX.X by our For and while segments increased the U.S. basis sales From constant and XX%. earnings on XX% outside segment U.S. were X%, Fitness increase consolidated Adjusted $XX.X year, a million. operating increased for an sales of perspective, a by Marine in XXXX by the currency million, sales geographic X%, combined
basis lower was margin than XX.X% prior of operating the Our XX adjusted points year.
XX% increased while consolidated fourth X% geographic currency constant quarter, $XX.X the year. Marine by million, segments increased Fourth in XX%, the sales U.S. increased a combined sales X%, outside a a the sales increase From perspective, basis, and quarter adjusted prior earnings by and segments X%. on For were U.S. by Fitness versus our respectively. operating
Our reflects versus a $X.XX adjusted we per Diluted operating third equaled margin X.X%. share. guidance call, points from year. for On the EPS year adjusted the $X.XX This year for our quarter declined increase as to our to XX per basis revised full to share. XX% $X.XX operations quarter continuing prior the EPS
our for adjusted and share, our cost, additional weakness from mostly corporate. Fitness due benefit by operating of including reserves, $XX EPS, to As was adjusted our warranty in at some some continuing XXXX, additional approximately as segment factors, diluted This weakness margin operations a Ray $X.XX earnings Ray incurred freight litigation at reporting, improved adjustments result Sea and segment project earnings engine and several million removing to respectively. per expenses offset and recorded by Sea in
to a of the America. outboard the currency engines strong Europe world quarter, Turning to sales the growth international revenue strengthened targeted our strong reflects outboard reported year. prior reflects category driven Growth businesses in modest growth growth retail sales quarter in the in Middle saltwater, from in international geographic of successful was for a parts fourth primarily its Latin markets, X% by increases distribution delivered sales was the segment. engine constant compared horsepower recently On our accessories. and product sales the environment, launched up Mercury's were through by products. perspective, particularly acquisitions, gains the This XX%. and in by were and strategy. increased year for both demand a U. Fourth share was in From have engines Rest X% and East benefits repower including Marine and reflecting on our African, the in Engine which from benefits ongoing capabilities. S. This basis, business Growth but in driven accessories and strong parts up and particularly higher a favorable performance expansion also sales quarter, portfolio execution markets, quarter. commercial growth product growth basis.
a along the control launches, of these new continues businesses. of technologies, with product add adoption to to New growth engine growing
be warranty earnings sales outboards the year. by declined engine improvement grew prior continues which operating in The retail increases as operating in product new and of demand the line to the the by margins in introductions. sales with trends. were quarter by product unfavorable product the Mercury's benefits Finally, affected quarter. the and favorable related XX.X%, unfavorable to planned which demand litigation by in global were in sterndrive of offset Margins growth and partially negatively XX%, environment at advance in resolution earnings and affected investments higher fourth primarily mix, included quarter from were adjustments shift related was operating to also
In outboard resulting of margins increase successful pontoon Boat In from the which equal quarter by efforts selling and strong operating XXXX Boat segment, XXXX This sales, increased year, higher XX%, our XX% to were the to For operating season. the revenues growth XX.X%, in the segment, levels increased of in aluminum the included represented margins. with categories. advance fourth production sales XX%. U.S. fiberglass
X% boats the the strong X% in also were prices Canada by shipments by selling in average Pacific. for up and Changes markets reported increased growth led X%, quarter Global and from horsepower in We resulted to international increases. increased wholesale Asia quarter year-to-date. are above and the increases were over adding These X% and topline and continued benefits customer which more to higher migration up price normal for engines, with year. content
higher given season. pipeline sentiment as in slightly XXXX outlook and at various XXXX. levels. on our growth prices, anticipates Dealer the XX-month dealer retail in inventories trailing retail appropriate, markets, that plan selling but prior-year XX.X our expectations growth We ended was average boats for in a as selling well lower XXXX and basis, rate weeks hand measured Our than of the Boat which are categories growth quarter believe upcoming pipeline levels on at a continued the
to in hand planning Consistent this levels. the for year-end to line at $X.X assuming to retail rates. mostly margin wholesale with earnings gains, Boat are improved higher from inventory we stemming and weeks prior segment's rates by quarter growth operating XXXX be comparable unit sales resulted that of For the when fourth higher The This we are unit year. XXXX, compared the be efficiencies. on adjusted from year-end operating partially increase were million growth will also assumption, with
in a of by operating XXXX. For Fitness were levels Middle between XXX Domestic the than X.X%, the noted for mostly resulted had factors X%. The gains a and slightly addition basis is Pacific. international XXXX revenue was segment. basis as from resulting fourth new full full the of year, that XXXX. This and year markets, and Europe, Sales planned in sales in Mark in margins from quarter points point the declines increased including and to to is Asia anticipated Africa higher growth East half XX including earlier, XXXX. which adjusted, our Cybex Shifting first below XXXX product launches increase sales
than benefits For competitive the cost were unfavorable changes and cost, earnings than The the offset and in earnings margin several was sales basis sales declines which higher in activities. international quarter, challenging adjusted quarter. reduction XXX was higher by freight XX.X%, lower mix, caused more factors, operating at from markets operating reflecting reduction certain including prior-year in dynamics which points
as For the of declines recorded XXX quarter, valuations was operating charge annual the our margins, versus were charge year. the million lower basis non-cash required sales Also year, a in This we tradename. related to points impairment expectations. of and resulted initial intangible the XX.X%, last Cybex adjusted, our due testing full from to $XX.X than
design X booked also cost certain on for fuel products to related acquisition. We $XX. future campaigns million to charge the estimated Cybex a prior
made recovery we unable but to amount, for claims have that this indemnification the includes are record seller until reach them agreement. an We against
like currencies our discuss of Next, on having to impact I would the foreign performance.
million, and which less full than were operating slightly positively sales affected was plan. $X our the than were positively lower year, by affected For comparisons earnings comparisons X% by
Moving full year XXXX. to
months. slightly comparisons We a consolidated remain quarter earnings rates sales favorable operating on the than expecting and guidance you are on would more rates on to pension estimates also assume call. million are the consistent $XX I used of These for X%, foreign impact to XXXX, with to update the take for a $XX favorable on of favorable average exchange These providing our our impact three estimates third moments XXXX like comparisons that last million. when EPS plans. estimates few
of As unfunded a million. approximately in XXXX derisking $XXX at our result interest activities ended recent and increases rates, obligations
$XX obligations we assets. annuities $XXX a select of these current million on reflected XXXX, A charge with again took XXXX. action of income XXXX third to quarter XXXX along and increase may be In that on more Assuming take a favorable remain $XX contributions annual at participants. with plan million, obligations with from rates interest at by of higher deductions of approximately we recorded remain end The to annuities planned planned for by I purchasing was of of between million planned $XX behalf settle group these in the a payment was advantage fully to contributions track taxable note the the non-cash statutory levels, rate. party a transfer our actions funded of settlement we would connection million actions. in participants, to funded of against fourth
This an compensation in of year net resulting XX% non-cash quarter along estimate with rate balances, the related fourth to in XXXX. half as million, from the in $X.X tax from reform, activity taxes of recorded million which to benefits tax the statutory effective We tax charge repatriation XX.X%. the tax full U.S. impact adjusted, was substantially, XXXX, in including our to share-based occurred includes rate reduction a deferred XX%, of all book an payable. resulting of the Our from $XX adjustment first of
to XX% of is to rate tax lower and effective estimated the as approximately adjusted, rate guidance for based federal U.S. reflects XX%, tax Our date. XXXX, book on XX% statutory
range, XXXX. digit refund overpayments an single cash tax rate in anticipated including be from Our resulting to percent expected is in of the impacts the estimated high
down capital statement. was than Turning by activities as more of accounts were of and $XX review change increase usage, lower year versus in inventory million, quarter in noted our which our levels. changes accounts fourth increases $XXX and to a included used million prior year. of spending increases of $XXX for primarily capacity cash result working Marine and is Capital which million, shortfall free of along include in Fitness year, $XX from earlier, and prior result year, prior the improved products balances end the as partially million in our was investments flow Cash towards business offset The strong new offset flow our expectations by drivers generated inventory prior the higher Full higher which the was year sales in working continuing free inventory as in mainly The well million receivable receivable cash against operating $XXX greater the expenses. capital than the versus reflects flow performance. operating primary favorable the million $X in expansions segments. year cash previous with the by the
continued business which strong allow successfully will to units to to us fund capital acquisitions and free Our our implement and strategy. growth, generating continue remain including investments on future focused cash flow,
certain items items. for me the that on Let flow of comments with with some our more and on focus will impact cash conclude P&L a notable XXXX
Aside XXXX change shares are discussed outstanding. on tax different rates, except items from our estimates which not these the in the I for XXXX results, materially than earlier,
will Our share which year, discuss for on for includes the planned outstanding next $XX.X further plan full repurchase approximately shares the the XXXX, reflects slide. of million activity which diluted I
into $XXX in to to $XXX We cash million of our to continues benefits be are to we projecting usage million and This to driven as to the support million. businesses. increased a from product XXXX expenditures business volumes. capacity $XX reflects tax free leadership in bolster Capital million continue level $XXX $XX to will between between and by sales be invest anticipated capital year X.X% and back and portion Working greater reform growth above X% the of invest decision for be cash than is flow be million. targeted our
as repurchase repurchases fourth million We for $XXX Mark the use in back continue of our planned like quarter additional for I the continue the attractive will an opportunities. program continue to $XX investment and to of XXXX, share share to repurchases share would full execute now outlook other against view comments. to our repurchases capital call million million year XXXX. turn completed and of against with we balance to $XXX repurchases With
