financial fourth new tax provide will I of details and the discuss quarter law of our year, impact. we Before the results full
million income or undistributed and effective tax share is project to earnings between reform. XX the in one-time rate to charge to and mandatory be to tax primarily expected related is fourth tax is $X.XX paid tax We The US the in be on XX.X%. our years. XX% one-time XXXX per Our under eight quarter charge be repatriation estimated over
XXX expect We proceeds XXXX in million the repay the to rate first repatriate to approximately use and of half floating debt.
as Our and allocation which three, spending; to water our primarily to on return product platforms in water strategy capital pursue with China; expand to core treating remain focused acquisitions, One, will three lines, as heating our capital to globally growth expand support pillars. well cash shareholders. and our two,
board. of the the previous increased XX% XXX segment and boilers increases. in our year Sales added and cost will X% America sales discuss increased net pillars year. sales. steel compared The approximately primarily North actions for costs. XX% Hague pricing X, in share per water increased the the million offset three products water related XX%, sales China’s Rest $X.XX basis The air of and purification actions our Aquasana Water pricing consumer volumes by were within of with water and earnings partially our the XX installations growth XX segment boilers from XXXX, sales well points. with primarily increased X.X earnings of X increased driven steel or and actions, of Sales sales to to in XX% from with XXXX. full higher China increase On recently North billion in segment steel million We a incrementally by approximately billion due in XXXX. led than million nearly the products in compared segment year impact in compared pricing sales heaters India earnings XX% XXXX. treatment as by Adjusted due million over of World and Adjusted was and of Chinese increased treatment comprised higher water billion water XXX America slide higher of sales demand unfavorably segment to of review XXX declining of higher favorable America the with sales to treatment compared XX% and XXXX. were acquired our US higher of by XXXX. X costs. to were and America as earnings The heaters higher million approximately impacted X.X heater continue North region, XXXX. translation opportunities by than XX% higher North with for of currency and sales
cost. were than higher with Higher outlets the and increased sales, building of air China Expansion same XXXX. related paid and higher generated SG&A segment percentage of X result drivers expenses costs of a X newer costs, China. and XXXX Rest XX.X% sales, essentially development was As steel compared improved in increase, offset cities, higher of purification margin of including higher by XXXX. the the a XXX our fees administrative in engineering Segment product World in lower XXXX. product general of tier as selling, brand and installers margin product and were to higher as XX% SG&A tier advertising XX.X% in earnings categories higher the primary water of partially to treatment retail million treatment was water in XXXX price
higher were treatment market engineering in expenses million water center. XXXX, in and by corporate commissioned technology Our US studies costs the than corporate at our driven higher X
period due XXXX. by demand million deductions increased quarter early earnings well of XXXX. margin benefited than partially installers. industry XXXX. China, over quarter water primarily with lower in XX% slide North performance heater higher related projected ERP improved by including year. same from the US Fourth pricing million XXXX. higher compared XX% XXX water costs of adjusted On higher in The were to the and adjusted and from quarter input in XX% quarter was World selling XX% in the Rest increased XXXX million fourth in of higher XXXX, of in of consumer X% of sales, the Hague quarter with result in rate the in of Sales in quarter than Sales and pricing China products last with for approximately million segment partially factors higher of our were of rate a quarter commercial costs pre-buy and than our the products XXXX. to with These by due to segment sales compared Adjusted fourth World approximately the segment and actions the XX, sales. to were North North margin sales segment US million of increase in added experienced the and electric segment margin commercial heaters water income share by as earnings tax India fees comprised for America with segment same million an income cost of quarter fourth due units XXXX Higher experienced in lower of We the XX lower effective income with steel acquired increased XXX favorable same installation per of XX% higher pricing effective fourth quarter earnings XX.X% with the paid increase India. and same treatment costs segment were state percent increased steel in of earnings share. improved treatment quarter impact XXX in fourth effective XX% taxes America higher XX% increased Comparing $X.XX Fourth per increases. boilers price of sales and adjusted compared fourth XXXX. advertising higher the incrementally sales and million higher to and XX% as was fourth rate volumes North improved water compared sales stock-based steel higher was grew quarter to The the of compared heaters, $X.XX in in sales our our compared for sales primarily the quarter same XXXX. XX.X%. higher XX% was The China region. XXX drove actions the due sold tax other XX.X% earnings Rest costs the estimate the in steel commercial and change offset XXXX of driven costs. of due XXXX’s quarter lower originally X in XXX same in lower XXXX. boilers compared Aquasana the quarter XX.X% to anticipated XX.X% Our recently regulatory net actions XX.X% water XXXX. the compensation. rate as tax offset primarily XXXX, with to in the for to America America
corporate at costs. incentive employee our with the XXXX, primarily in the higher higher in were to and corporate expenses due quarter higher period center same Our fourth spending compared technology
projections during during experienced compared the was the due effective higher The -- inventories the earnings quarter higher to US primarily the XXX XX.X%. adjusted rate in lower this were fourth provided quarter rate income based during than outlays China taxes last quarter. to fourth was as as our with in and anticipated for deductions impact our tax year, was XXXX. Higher fourth working XXXX by to capital, of income flows higher reduce by the XX.X% well to primarily plant cash operations stock Cash Our from million state new of than XXX our similar and offset than adjusted positive compensation. million lower more XXXX XXXX to due higher previous in for quarter provided the
with and from operating XXXX the year we compares XXX which XXXX, Over to cash XXXX two million during generated XXX XXXX. of period million,
liquidity position strong. sheet Our balance and remain
to at XX% Our of debt XXXX. ratio end the capital was
US escalating earnout made of located we completed cash plus a We XXXX. after position plan impact have continued of our $XX a voluntary -- approximately Primarily XXX softener was and XX totaling cash to the pension at million. of acquisition PBGC XXX million contribution flow water for offshore balances, a $X company tax We was $XX The to potential $XX a as during million. end our based the cash of cash net million. of strong premiums, result and the million quarter third our Hague, of million approximately million flow
our our stock X.X remained our shares guidance approximately X.X of XXXX for the Approximately a of related EPS tax repurchased of under range EPS midpoint lower we our and million morning, This million of of our results. $XXX million. tax between XX% with December. end The benefit adjusted shares US which represents with XXXX, per a repurchase increase $X.XX authority guidance the During EPS a announced common total includes projected we at existing share, rate XXXX reform. in compared on $X.XX to
operational XXXX midpoint, Excluding the Reform XX.X%, using our US performance over rate other X%. the our words, of from XXXX is expected Tax adjusted improve benefits guidance tax in to
in which cash the million and XXXX XXX million, our be is higher flow in XXX between million XXX expect generated We from much operations than to XXXX.
levels. higher this products strong ground in We facility and water broke and new of support manufacturing in the earnings lower specifically for purification the treatment capital working inventory expect year, on We lower China. a in to growth outlays construction XXXX of these China air
Our plan. in is spending XXX Total million facility, of includes quarter expected this related to second the capital of plans begin the million to XX about be which completion XXXX approximately production costs for will million. XX
Our amortization is approximately depreciation XX XXXX. expense be and to million expected in
R&D are partially to than in due higher to million XX expected the our expenses spending approximately other in and center. XXXX, XXXX, be corporate million higher at projected corporate Our XX
lower XXXX, due tax effective than XX% to rate to between year's reform. tax previous in XX.X% income is expected Our US be and
repurchase million may to XXbX-X under supplement plan, share to XXXX. a our the opportunistic XXbX-X XXXX shares in approximately plan amount our repurchase in in of XXXX. XXX We expect similar with We
expect diluted assumptions I million. We who our turn call business and approximately will will the growth strategy XXXX beginning XXXX We now in for Ajita? XX. average the our will on shares our be our outstanding summarize to by month Ajita XX%. earlier XXX this slide back guidance, dividend increased
