Bill. Good thank quarter and third you, earnings our for morning, you joining call. Thank
another on in trends overview across and growth our quarter efforts supplemented remain initiatives. the revenue third quarter, by of with supportive begin very product earnings. and am third from in by gains The delivered record segments execution we continued our of outlined commercial led the by demand our that and both quarter other the and resulted Slide performance I me were innovation underlying of X. Let share pleased above-market
undertook levels Our supply was our industrial focus our led end auto production which term on navigated the our in we the Operationally, remained QX our record being by our than demand chain and support markets, significant and our an growth our with offset demand automotive in navigated environment efforts performance conditions customers of and QX deliver difficult book-to-bill this That unwavering strong We the customers. said, we exceeded margins in very customer to for significant well OEM above ability cutbacks ratio of difficult impacted the that satisfy to business. more near service products earnings. to broadly all X.
These worsening chain they call, second our challenges During in expectation second the the year. did of half would highlighted half supply marketplace quarter over second the continue our with concerns and regarding of labor inflation, and challenges the the of that the continue some QX. our headwinds in we
in respect price/cost further with anticipated. distribution a by While basis we on logistics we what were maintained to materials, above impacted position we dollar costs escalation positive and
of will well levels prioritize in as quarter the ensure as the take These of some announced service fourth from were view magnified in the power operational quarter actions the additional beginning inefficiencies to costs critical faced them pricing production actions first related we outages these as mandated the next most also seeing met China. with impact our full and transitory but needs. as customers' the government in offset we year. the to disruptions of took We expect that We to headwinds we COVID anticipate them effect additional quarter in at by cost
to continue more see flexibility of With flow which generation capital that, made growth allocation came of let's around and We free end the industrial first coming detail we of $XXX strongest business, cash and and move end the replacement recreation, diversified mobility provided, increases most including core industrial XX%. channels X. We both priorities. on off top revenue the in and highway the the on range with up across strong further markets. our additional fit million our growth Slide deleveraging year-over-year in XX% markets the the at of progress into saw performance significant end Total in
difficulty chain Our focus digits, that in digit servicing the single in reduced keeping to demand. user of by both our OEM channel up customers replacement automotive end with in a production offset nice the global OEMs. growing general, automotive replacement having and our partners with on across in high driven many single distribution remain output disruptions business, In our levels inventory of our supply automotive the mid channels low mitigating resulted decline
represents XXX growth. volume third XX% to adjusted points. year the we costs support and GPS inflation, benefit and based SG&A basis prior EBITDA of compared $XXX Price, above margin to of Our investment incremental incurred growth quarter the productivity million and market offset expansion of
operating XX%, in quarter outlined execution incremental solid challenges. Our given resulted the the margin a an nearly of result in
Our in period, expense, more which tax a earnings. our $X.XX from year offset than per share higher by operating to driven increase quarter, XX% income, resulting primarily the compared higher adjusted prior were higher earnings the
to quarter and market the performance above XXXX now and segment our both both segments by primarily of third performance products, organic new to secular in trends and our our strong business be end In segments, driven X initiatives continues to saw our XXXX. Slide Moving highlights. growth the in of markets. results positive compared We both in the
recreation and the growth Transmission Power led end Diversified of saw and decline core growth OEM. XX% nearly in mobility industrial the rates. Our markets, by XX%, automotive growth had segment highest offsetting in industrial
warehousing approximately initiative design key and We secured a multiple recreation industrial and belt equipment wins applications mobility in additional to to year-over-year. robotics manufacturing XX% chain in logistics Japan, in equipment semiconductor industrial inspection few. Our name in combined and grew and with regions, India textile
also next a first a finalized new and on in business leading is The further to enter in mobility and Power it hold that the is year, core of Fluid growth anticipate XXXX. seeing recovery that take we expected further Asian part continue. we we a trend end as electric platform recreation of we with win scooter reinforcing significant launch In We are fully our saw our to we expect continuing momentum manufacturer will XX%. segment, the market
including our in innovation QX an XX% over deliver new sales benefits advancing to from the supply as We new energy, products equipment. significant to In environment of applications, the with diversified believe XX% year-over-year, we our vitality see midterm. industrial investment off-highway as chain resulted continue and over in to with in food incurred customers support we particularly processing objective well growing our product costs share and headwinds, forklifts have gains,
front, opportunities are management business. we a of on. cooling pump thermal the we our water truck sizable we fully solid electric for about launched houses an pump opportunity we additional expand recently that the specific us are of for next electric marketplace have begun pending our differentiate excited Europe platform e-water generation on the vehicles, features and from duty the hybrid In platform patent also some believe battery pipeline provide On electrification which production to quoting electric and existing heavy quarter, in and
of also that, on for we We expanded these results. not XXXX. QX compared in expansion we only Brooks? electrification as our the to and the compared we while gain in investing build basis I'll technologies with with future Power and color XXXX call opportunity in the marketplace. while our adjusted strong to inflation delivered SG&A remain innovation, Brooks expansion prospects hold chain points are the levels size in our Our similar margin turn and propulsion With potential to the initiatives. over in XXX both points of With to margins on the of Power business to Transmission are but additional of seeing EBITDA transportation to segments, momentum supply profitability, basis complexities with and growth managing QX optimistic respect about Fluid XXX further
