Thanks Thank like us. comments just few joining to quarter, I'd moving our a our you on everyone. Jim and additional for before good to on morning outlook. make third
another at execute We to than more delivered $X.XX. to as high adjusted level. continues quarter team Our strong a XX% EPS increased
were results grew American same-store North single-digit sales every and where paint our customer outstanding market. we by generated high a Our growth stores driven end by in performance percentage in
basis, margin points to consolidated a adjusted On over XXX gross basis increased XX.X%. year-over-year
we to this have progress raw While, inflation, work are improvement shows towards experienced do and XXXX we over significant still XXXX. material that offsetting the we making
strong segment achieving year. at XXX full our gross prior committed XX% raw consecutive over year profit the margin the growth, expanded for to EBITDA quarter by in We XX.X%. to to gross Adjusted target basis and to volume all operating American margin material second three prior the points was segments efficiencies long-term operating quarter, And in compared increase North costs. moderating margin increased The driven XX%. remain the year margin and
of ongoing year integration I'm the pleased a efforts rate run our at and with we remain on-track $XXX exit million. synergy also to
our increased X.X% our with single-digit of the our in consolidated line topline, at Looking increase. quarter in low revenue guidance sales
digit the increasing by Our sales single North America region vary with America by in quarter. Latin and percentages each mid
We a Americas the Australia comparison year sales increased The continued prior lesser and Group, and of in X.X% Within see to X%. Europe. against Asia degree, softness to
mid-single led up digits. all repaint North in and positive DIY Sales all while up residential were digits. Sales in low and customer high-single up double protective was management end the were marine, quarter in new American which property markets by residential digits, and commercial were
backlogs margin to and very total leveraged Looking deliver sense the optimistic to XXXX. more XXX growth into We with increased XX.X%. strong confidence segment be reporting expanded dollars volume XX%. a to ended by basis remainder of points heading strong customers and profit approximately segment our of solid at for the year $XX margin We the profitability, the by than continuing of incremental segment quarter million
Year-to-date, we've stores XX net opened new last finishing operation with quarter in X,XXX the with compared stores X,XXX year.
a add to the Our calls to up Similar this plan fourth ramp will team the in quarter. significant for year. new stores years, XXX XX for approximately have prior we to
divestiture. sales load-in program the Lowe's of Brands quarter In last the year's were comparison and Consumer to down related the impact segment, of Guardsman the third to mainly the
slightly customers home weakness we international are In channel. shopping helping in significantly remain to most expected we in in also committed to relationships, center we sales with who the Asia and Sales due encouraged markets, with more them Australia. accelerate are largest where very than our the pros our decreased North America, to
acquisition-related supply excluding material year-over-year chain driven amortization margin, costs. moderating and Segment increased by raw with improving synergies XX.X% to year-over-year costs, along
continue quarter, were Performance in We in North this brands down and of and about industrial feel Coatings business. American sales retail to strategy Hero the variability portfolio X.X% business by demand as led our choppy market. Group that good our to region serve the
respectively. up by sales in but were high sales were North Europe where and softness Latin Asia single-digit in offset by segment and total America decreased percentages Geographically and America, low
our performers service growth delivering business continue remained our our in packaging businesses as to strongest and technology From perspective, our customers region a solutions. every coil value and
solid Our delivered refinish automotive the by in growth quarter the Americas. business modest led performance in
Despite due and due to Sales Europe. moderating softness year-over-year, XX.X%, decreased raw in the good sales increased and control. margin to points segment primarily primarily industrial industrial in material to XXX the and general cost Asia wood costs decline, adjusted businesses basis
Adjusted was EBITDA in million or $XXX the of sales. quarter XX.X%
$X.X or the EBITDA XX.X% of year-to-date Excluding expense. was lower integration billion sales. Litigation cost and Adjusted California
We Year-to-date, we by approximately shareholders retire net million through of a year repurchases, we $XXX dividends reduced to which X:X We an year-over-year. will on ratio debt of to increase approximately approximately million below in the the $XXX had sheet. total end of result the debt-to-EBITDA billion debt returned this a of the over XX% and $X.X XXXX. by $XXX cash balance year-to-date. quarter, share intend At end of million
rating deleveraging the meaningful in positive third Moody's million paid XXXXXX dividends repurchase of X.X quarter. profile of share the end, common We At Valspar. purchased at stood shares. business quarter million quarter $XXX noting strong cash our our and acquisition outlook raised million the shares and to in stock our $XXX stable, since During from for authorization
million. depreciation Capital $XX expenditures $XX million in average were amortization the $XX was and million quarter, was
XXXX, outlook percentage our fourth to to net XXXX. sales on for the of quarter low increase fourth single-digit by expect we a to the quarter Moving compared consolidated
be demand backlogs in outlook, professional range. Given contractor painting that report a Americas Group mid The our to growth customers high American and to expect in we positive single-digit solid continue the North to
to sales fourth up Consumer slightly in flat expect will We Group Brands the quarter. be
low-single highly industrial as Performance Coatings expect demand and region to We Group be down digits variable remains market. end by sales
acquisition and Against reported share midpoint, of XX% the common be increasing this the an guidance share, at and approximately increase compared per the to given full $XX.XX to income the per we of to basis. adjusted strong items. $XX.XX backdrop related are which in last excludes comparable on our $XX.XX third a costs quarter, diluted year Valspar performance non-operating is year our This net in range XXXX
points morning's earnings adjusted table per A press helpful a reconcile We've additional this data year modeling included share. GAAP for the full Regulation with purposes. few G be may for reconciliation release and to
feedstocks from costs third stable As to petrochemical fourth quarter in moderate in and raw we the we planned, further expect supply no disruptions. quarter, the the assuming saw material levels
adjusted approximately our be effective tax rate to XX%. expect XXXX We
to be be We depreciation $XXX million about to $XXX expect expenditures and million, full $XXX year million. capital approximately to be amortization
happy morning like I'd questions. us joining that, to your to you we'll thank take and for be this With
