Brian, to In today. you, the joining and and it quarter, strong Demand across Home and for operating across growth & everyone solid led accelerated Security to businesses Thank continues thanks by our us products for all our sales fourth was our segments. be again teams margins drove Plumbing.
per growth Sales and XX.X%. we margins to on increase we year, earnings double full as disciplined the continue share grew execute digits. profitable increased For strategy X% to our of operating our
over Our years. during levels teams XXXX The next grew state XX% squarely market operating on margins simultaneously. returns to housing to delivered and improvement steady sales margin track achieve us the margins keeps when few again the
we delivered million during of In and and year, two incremental continued England teams dividend. $XXX the our we gradually. addition, we to a purchased a Victoria against that continues plumbing are execute at acquisitions level quarterly increased the Shaws Albert. again strategy We in well our high spent market our our have growth All the and and performing on in all XXX shares of million to recover of
we and brand in and positioning remains up momentum product for sets Our XXXX. strong the success have built continued us
our margin our growth, products on on on a moved quarter, sales discuss home U.S. overall to storm-related fourth to October segments. and view of solid our I XXXX. company. December. into with our tax weakness view the and increasing legislation across reform as margin X% XX.X% expanding through you with Operating home our take Beginning we our first quarter strength I'll our with in passed full the impact XXXX Then and in year to was of allocation. me will And the finally, thoughts performance increased capital performance EPS results transitioning outlook share November Let my market, some sales thoughts and for recently the on
new core adjacent to all plumbing and and performance we our segment, continue were sanitary acquisitions growth plumbing with marketing last completed broad especially in rate the strength four and driven ware disposals of XX% in were of innovation, the of to strength quarter The the in was our the fourth markets X% responded strong new accelerated against as based of growth quarter last our sales markets organic in categories successful and consumers the our to and This pace product the market. that first over in integration XX% including year. China, performance months. growth the in was Turning an XX by outpace of
core we in with across team sales plumbing well taking accelerated existing As show. including power to hospitality showrooms, expanding a the incremental already channels the America China was business is product driving and online, Group strength and summer and the and growth XXXX and organic portfolio, North Plumbing to brand well. itself new distribution reminder, this structures hold. leverage and XXXX. our starting The and of and to the The formed began throughout now is accelerating in offer We're of mowing create new value strategy combined growth through growth Global prove Fuller established in platform growth as our in
short, we're drive first months. high the backend, has delivered share to and our in procurement, In savings. the on efficiency engineering, product development XX expectations leveraging the overhead cost GPG On and
we'll our opportunities. acquisition continue enhance remaining forward, to products for incremental partnership and capabilities, looking talents while Going active of in
we Importantly, reach we plumbing on in XXXX. are sales X.X billion by to track to believe continue
story be by the construction brand large industry continued team gains the up the terrific sales driven quarter overcame in the weather delivered Retail another performance X% resonate and strong also the were early and next Doors, of quarter. furniture builders a associated to severe quarter. share distributors. and The for leading to new sales home in was with growth Turning headwinds continues where Wholesale doors quarter. in door door to
Our have new investments in gains and resulted additional and placements. sustained share store display product
inventory a year. result, expectations launches As associated sales by new in just prior placements significant with XXXX come the product retail have above in throughout
have strong of commercial a business our line and moving which constrained in own to digit improving Security safety to of Security detail momentum up and SentrySafe will continues facility. in manufacturing sales the the announced in business, Master last by the sales quarter. X% in we’re international Pat mix. little an for U.S. increases were drove more plan driven there. We discuss In increased integration increases XXXX doors quarter. more single strong segment, and exit to growth this the in following margin post retail a overall consolidation in digits we the less High offset the quarter capacity and digit as Lock double double also Safe product operating manufacturing the by our successful and invest
to we opportunity in XXXX retail sales international see forward, continued move commercial, we enhanced and As with increase markets improvement. across margin
also our gain support Sales low unique X% value logistics supply up for up and models single digit in-stock stronger our benefits slightly market double-digit growing Cabinet cabinet and of is continue as For the the to channel market, centers. low share and were product were that than growing which lines. vanities the the of overall. recent largest in currently product cabinets believe in needs sales segment, overall strong in and dealer complexity innovation chain low quarters, the at from we above the price our Similar of X% home This sales largest quarter, our sophisticated project market were quarter. with we to about part
to positive was single access in dealers the Our markets remains country. around to the our new of business to centers as of single reversing we business adjusting but many year. performed trends builder low we to in where enough earlier footprint we special evaluating we well builder sales spending quarter profitable strong and when Builder in our can their of construction home single and lines installers areas precise business. grew achieve market are for in saw continue terms low generate some sales exited to the premium in single-digit, middle includes the The our and the be digit. and again, growth. market demand Canada construction solid drove high the growth, which negative margin direct The increased continue digit. into growth in Strong order in where constraints balance new builder continues direct, down cabinets was mid face sluggish we up digit focus, direct into Canada
we And project as offering business some have at cabinets include These the the higher points performing that direct very technology. securing cabinet simpler as through and points dealers. The of remodelers quarter, parts vanity builder remains larger our and service past in-stock to across market our lines invest lines it's having continue custom lower customer business, construction Looking dealer and more well. price in trade innovation, clearly and in well across we price overall are robust are where labor. both builder new also our success contractor
semi-custom However, some to be the market business channels. remained markets across of cabinet places parts softer, in of the middle continues notably constrained cabinet many
are have we past, and we As the constraints done these in addressing on. ahead market opportunities
growing had of deeper to parts middle that service customer of opportunities In market up as targeted in innovation that home our growth. to important We are and support market to investments are allocating capital increase grown cabinet center capacity semi-custom, the capacity, and against we making in markets best available. labor the taking things our are are dealer go in we and with
mix backing pieces of us to our improve business we and to the from continue perspective. from away also will growth to a margin On help targeted attractive margin, less
pricing commodity to have actions some also inflation. offset with We initiated tariffs labor
We actions unfolds. will as these benefit the year see the of
sales market quarter cabinets, and the the good solid was at above margins. and for overall So in slightly growth
we capacity actions mid exits forward, going business also inclusive XXXX single U.S. see, attractive see digit, select attractive opportunities. continued is As we the and for are as Margins innovation our toward we the experiencing we in expand us to pricing in most product dynamics to also Canadian began our actively were cabinets market forward. share look gains cover to we allocate business inflation and of and and growth of that our
full-year face the to an tax trade sale of performance year. increased In to continued policy It's the total disciplined year, for the Security in full delivered of the XXXX, our of by against Home demand to our uncertainty also and that to profitable consumer and operating margin & double-digits by continued much inflationary company continue growth. the constraints executed growth. earnings grew strong We strategy profitable we throughout the earnings health hurricanes labor reflect and well our sales, environment, in to commitment severe XX.X%. we a margin on X%, products and results XXXX, and Turning solid return
doors, profitable achieve growth. business, Importantly, for plumbing, and organic growth, plan strong out inside accelerate strategies and In the to on performance to operating a of maintaining added power growth incremental each us investments we while this we significant proved margins our our XXXX broader platform In gave and progress significant gain further. to share build strategy and the drive accelerated our includes the our to competitive sustainable GPG now made to enhance our upon of platform advantages segment.
improvement margin we XXXX and points doors continued improved operating Our and margin improvement nearly digits basis margin over produced rising during mid-single grew XX%. full-year business by our solid XXXX. operating core solid expect In solid business security, the to in a XXX
a trade growth and introductions plywood from our navigating remain continued backdrop stay heavier disciplined strategic we and some focused on and our markets. additional grow committed opportunities despite have focused We cabinets, price we growth low projects. profit simpler And mix, and product promotional new With changes leveraging tariff elevated environment, to industry constraints profitable challenging the we in labor approach, and in and across new while points and leadership. continue market to our demand sales with
with me Now market. U.S. our for our outlook turn the of to home full-year products starting XXXX, let view
market rate Our demand built our outlook pace to that X% XX% year's demographics. of assumption, U.S. market with home on the X% roughly to and an XXXX. which has XXXX housing anticipate sales growth model last annual similar products overall of X% impacts grows market assumption a demand rate in similar drivers a repair of XXXX that we grows at and favorable Within to at that
grow entry single multifamily at strong. activities XXXX. to construction is family home family remain than to assumed is continue to faster in Single expected digits level expected and grow high-single to New
full-year acquisitions, is sales delivering market sales $X.XX favorable expected global U.S. market international at we on our focused charges growth reform. on teams the which a X% the assumptions $X.XX funding range full-year assumption for global XXXX markets X% and of With other solid our our total for before for in XXXX. EPS increasing that as XXXX. well grow Based Our total markets to tax to top X% impact continued, security includes which as this share includes plus line recent expect to gains market and the with gains are to X% of over growth, combined
So basket of market overall reasonable based assumptions indicators there. we on growth amount is on XXXX outlook our the based
winning will dividend. ways into purchased year. We and and acquisitions. in the improving to two strategy in are teams the our across organically we the our good earnings are completed of capital about as we momentum execute on and XXXX carrying sales our creating value continue again We On shares also I growth feel quarterly top that deployed portfolio, increased plumbing
flow and balance cash to creating using acquisitions We shareholder return focus shareholders. make free strong capital by on incremental meaningful to sheet strategic continue to value and our
to number on. are continues and robust acquisition the by things remain working Our pipeline encouraged we be of
was awaited the in fourth are clear quarter of parties implications reform, many more the many the and not are a there becoming active. decks brief potential tax as pause While situations
tuck-ins opportunities of we're more evaluating and Some are significant some size. are
that strategically. sense We make for term long are looking opportunities
since on reminder we've a past five years. our over eight the deployed acquisitions $X.X As XXXX billion spin-off,
the the value. incremental this potential we next three in we've drive continue growth Over years, shareholder billion $X deploy than believe more to to to
of U.S. now the its a of We're backdrop big domestic reinforces now a talk over excited being business. positioned off on U.S. and winners the providing also legislation. to as healthy are better call six large clear legislation better were it manufacturer Before the will we of changes the Pat, I about weeks turn ago. a tax result recently I the the At passed our advantages with percentage market. about level, to sales. homebuilders an more increasingly U.S. and consumer disposable tax then to wanted Large see We're income new high housing the impact are and
an the see rules that not relate became headwind. demand underlying specifically see being do I for just top an which is to incremental due opportunity real the of more a so And and housing new in growth to I tax environment favorable. estate line strength Instead,
rate, going tax favorable. recently Regarding legislation the and be tax benefit our the passed significantly positive forward should was
Our a over U.S. have estimated housing to tax work the to be our rate our distribution We incentives centers country. and manufacturing, rate as of good invest began, across portion tax XX% XX% with U.S. and of will and line. in our plants lower continue in XX% already a has USA XXXX now sizeable result to more manufacturing between employee tax and directly effective base. will jobs in federal all in, recovery money flow created the Since over company X,XXX them the bottom
performance growth and forward will capital products even should accelerated the free enable To the improved additional will more With sum that drive tax invest to leveraging equipment, long significant in and over term in who innovation, opportunities growth, deploy up, sell review generating product financial We the drive on people shareholder will new plant to provide value. a is to including flow. even most look while us to growth exciting market to our continue positive more our to our which and turn details I continue technology creating drive an Pat, now housing capital property position will in term call in reform to more the that, world. guidance. business help of and pace We long us cash