you, Gregg. Thank
$X.XX fourth fourth restructuring to restructuring water share per fourth impact fourth various Restructuring in XXXX. XXXX resulted share diluted the quarter $X.X on Our were activities were XXXX realignment earnings the the million EPS quarter expenses per $X.XX fully related of segment $X.XX and before of before of was for in $X.XX. versus quarter in quarter. quarter of were in quarter the manufacturing of Four the earnings to $X.XX compared the for impact fourth EPS XXXX expenses
Restructuring in related a expenses million, well XXXX in distribution and on consolidation the impact resulted asset in and rationalizations segment quarter were earnings of of manufacturing primarily and the various realignment fourth as fueling in in segment per fourth other the branch share the $X.XX activities and quarter $X.X water to XXXX.
$XXX.X versus in lowered make and we quarter currency our the about the of million fourth to or $X.XX revenue fourth fourth X%. per this decline by quarter sales compared revenue to increase the sales foreign fourth of quarter XXXX. XXXX to an million, XXXX due translation Sales of quarter X% earnings by Fourth share $XXX.X million quarter in of were have decreased $X.X XXXX
nearly to due of volumes driven quarter fourth by Water demand. versus Sales fourth million. pumping XXXX, $XXX.X in XXXX XX% Systems XXXX fourth the by X% of X% decreased of Sales primarily rental to equipment. Systems decreased of quarter the the sales overall sales lower Water to the increased sales and lower Canada compared fourth groundwater fourth fourth by of organic channels equipment quarter by a sales the sales of compared of increased and sales in XXXX. were $XXX.X watering of sales the by to the versus million Systems Water during in quarter of of in about quarter fourth equipment the XXXX due surge quarter of XXXX XX% regulatory the watering quarter the XXXX. US
water on the revenues. primarily of fourth in decreased and driven primarily lower of to Sales XXXX $XX.X systems. in of fourth transfer million compared million was wastewater of The income sales increased systems to quarter in of quarter surface both by due Systems pumping groundwater was equipment XXXX, operating sales X% lower increase Water $XX by pumping residential water systems. the
increased sales sales States XXXX sales lines. sales XXXX. and in America X% million by to of XXXX. fourth were pumping in fourth Fueling Canada the $XX for The of sales Systems full $XX.X about XXXX were and fourth quarter Systems US which versus compared systems year Fueling in and the Systems flat the and Europe, quarter declined were quarter by the increase has compared quarter Systems a and lower by and principally Outside and of Fueling to fourth India of Fueling record China, revenues organic increased the in were the in offset Canada, United X% quarter XXXX XX% Latin fourth product XXXX. fourth about fuel million of quarter. the increased compared in was about to XX% management the sales any for
of million income Fueling mix. the was quarter quarter due favorable in higher XXXX. fourth sales fourth at Fueling operating $XX.X Systems compared to million quarter Systems operating was record income to in $XX a for product any
recorded and to a the In $X.X expenses about sales quarter the quarter in of of sales segment the segment sales of XXXX. loss. Higher versus achievement earnings grew sales fourth to $X.X of XXXX, million of the $XX.X fourth type of businesses higher to little fourth XXXX. products, X% XXXX compared acquired XXXX commodity segment of distribution loss XXXX sales quarter million. price of an support $X.X higher in organically quarter fourth cost, million product operating were of The to of The XXXX million of from distribution contributed quarter Distribution mix quarter were million. quarter operating compared $XX the loss the fourth Distribution fourth in
$XXX. a profit offset The systems sales primarily profit was fourth which fueling of gross versus --was of profit for the XXXX distribution consolidated company's million. sales XXXX, by decrease $XXX.X percent net for in profit of water X the of gross profit primarily and in million gross of increased XXXX. the was a from higher fourth was lower the were XX% sales. only quarter The as fourth quarter systems to gross partially quarter XX.X% driven gross decrease fourth due quarter The
a the in XXXX foreign excluding to from XXXX. of Selling, effect million expenses of entities, million general currency expenses the were and compared acquired quarter from $XX.X Partially in fourth $XX.X and prior year. quarter performance-based were variable versus the due to translation of X% offsetting fourth XXXX. compensation decrease lower million, quarter to fourth of the and $XX due expenses the SG&A of the $X.X businesses the expenses fourth acquired million was quarter in the administrative SG&A of XXXX company's
first XXXX quarter compare certain operating --was better the out to certain year. fourth net To to These quarter unchanged changed and fourth million manufactured align this were the During company was resulted was the of production to increasing for of water last sales between quarter customers. consistently management and reclassifications about certain operating versus the products income fueling segments. year, reporting systems of This and and net period XXXX transfers products XXXX support by systems third what prior in results party the better of XXXX, was and sales results segments the reported reportable by lowering change in made reclassifications of income sales fueling $X.X made. results water of
reported previously company's the consolidated financial on impact statements. no is There
is below-the-line on see gains our year $X.XX FX fourth the going in per been fourth recorded line of statement, years million FX XXXX. gains our in XXXX income quarter of losses the million or $X of have As the and can FX the the five of you of earnings Transactional XXXX FX a $X.X the year. for million. back of generally transactional fourth losses from quarter operating swing in full less below share than were quarter the losses $X.X Historically each income which negative million $X.X XXXX company transactional
accounts primary $X of the million in accounts $X.X loss a is receivable The cross all there balances company's and extent and a currency balances FX method by XXXX, transactional gain. losses of timely there payable XXXX mitigating manner. settling those these in For currency possible were million and a minimizing were cross to
special line quarter volatile. result is accounting more reflect performance the Argentina, fourth losses the Pump rules. our transactional And of the to much do the As which been a hyperinflation economy year acquisition characterized income last this Industrias Since mostly FX in have and of not are however, losses the these a reminder, company. subject has of operational of as become XXXX, below the operating and Rotor non-cash
imported world. rapidly selling over business of quarter from Argentina primarily products volatility in fourth all rotor preparation build business began the weakening the quarters. inventory the primarily Argentina Peso significantly exactly The primary time Argentinian in drove for balance third to Beginning sheet in was the their unmatched had and and in subsequent payable period-to-period pump season. meaningful This pump into same the accounts distributed acceleration third and positions the
the In the our second XXXX economic there, currency grew business political X%. of that and unsettled in by despite constant half Argentina environment in exists
Although, the XXXX this in magnitude we is to discussing in million quarter. Argentina. have full fourth of in volatility transactional At quarter XXXX and the $X.X we the loss anticipate the did more results, FX our business the end FX fluctuations, the unit range, we recorded not quarter-to-quarter full primarily year loss of year when of seen quarter, historical third were within due
said, exception between were individual with year results the quarter units, some of our fourth as variances and our quarter So with the Gregg last fourth operational consistent business expectations.
the In XXXX discrete about XX.X%. effective fourth of year events XX% The tax about effective tax is XX%. year of was effective compared full full the rate tax of to net slightly than rate rate XXXX, XX.X% lower tax XXXX the about rate quarter of about our XXXX
the XX% discrete the effective and be rate For XXXX, net between the year of expects company events XX%. full of tax to
The higher fourth of the $XX fourth of company of company $XX quarter XXXX million quarter the $X.X cash with million XXXX. on in The of the which than had XXXX. the of $XX.X end was fourth revolving at and at in end balance end ended facilities at quarter of the its borrowings the the million a debt million of XXXX borrowing
to million not is cash X, of to consider affect and amount. cash of about not nature in leases material assets newly company this the liabilities As operating the does consolidated of outstanding with to position. January results of the right-of-use for and non-cash recognized standard the the the or additional standard does accounting $XX its XXXX, the impact operation company of The flows. be company's operating new The standard impact corresponding of this same adopted
compared Cash XX%. to operations in or from XXXX was for million an million, million about almost $XXX $XX of $XXX increase XXXX,
of of in about XXX% shares strategic which of capital property stock total a of authorized At be million and for Our year shares and is proceeds of free flow, common fourth primarily the cash its sale expenditures about the about for of market quarter to fourth cash due the did equipment during remains company. the from capital from open the end compared the of million. The company quarter is repurchased remaining any less key in XXXX. XXXX, that the the may is net income repurchase focus not $XXX This of plant full XXX% to improvement net operations working flow reductions is XXXX. in cash X.X
the On The will the of February of remarks. paid tax a shareholders February over dividend would $XX.XX, for from turn quarterly now our XXXX call on January And XXth This to concludes prepared questions. XXth, dividend to like dividend. the X% company the increase we X. be record announced
