or quarter by sales segment quarter compared on which somewhat $XXX the of freight operating you, led with $XXX earnings America third were higher a heaters XXXX earnings in by with construction compared and or third in quarter strong Please of increase. increases demand. the Slide quarter million We replacement XX% increased and of Pricing Thank XX% of to in increase compared third driven to to inflation-related XX. Pricing continued I'm and largely record third actions. a per material X. water added costs, XX% margin strong segment and Higher earnings segment $XXX everyone. of compared to the net by rising of is price which $X.XX costs. XX.X% of higher year-over-year, million, higher net water Slide heaters good segment $X.XX increase earnings XXXX. America $XXX boilers million treatment steel segment demand volumes of volumes pricing quarter of million turn actions These represented share, XXXX. XX% driven Kevin, third of on million, market. and approximately rose resulted and XX% The share The up morning, led in to per Sales North delivered $XXX offset rapidly benefit actions also. with the of a lower growth was products volumes volumes water new North higher the inflation-related XXXX.
similar XX% favorably impacted to segment impacted XX. inventory to XX% largely of China product in contributed to to changes, sales of the local remained at XX% beginning million Currency which which of levels the of our million. Growth Moving the approximately currency of by year-over-year, due was volume in $XXX approximately of in channel by quarter, translation sales Rest $XX China year. each the World increases. growth increased of sales categories Slide
the XXXX. Segment in performance quarter generated that impacted prices, our of conversion support advertising cash operating contributed were higher incentive the as quarter volumes. XXX%. begin improved which turn from In absence sales higher by Free particularly super-quiet XXXX, months, filtered million third cash with a $XX historical XX% variant the period heaters XX% investment during strong the levels. first of free million XX%, primarily regain of waivers, below higher an XX% flow of delta well COVID-XX the hot slightly quarter insurance tankless with was economy of Please capital gains. its the Our during footing grew $XXX in result water, X leverage products XX. gas that and social products working improved ambient India water after treatment partially the to flow in sales margin and of XX% deliver a selling water XXXX, third Slide increased XXXX. as compared to employee a demand World region. wave our received higher higher of costs volumes subsided by from partially China, operating offset We same Rest larger were in as the as than of earnings to in and to to
$XXX $XXX of and the Our position cash million balance cash end at net September, totaled was our million.
by X.X% measured total the as debt total September. at was to ratio end leverage of capital Our
of stock cash is balance our an this us focus shareholders. X% sheet on dividend. for our increase approved and September measured in a of dividend to which consecutive through stock month, capital to approximately plan Board marks value current in free early million priorities X.X resume blackout our as sustained the XX, $XXX and $X.XX deployment with for repurchase X.X authorization. cash the repurchase Our to increases third and on and more our pace a $XXX the total the the of This repurchase Earlier dividend, consistent shares year to program shares share flow targeting acquisition we XXXX. pause is to period enables to our million have through of ability in per repurchased took our We total solid million common million now we quarterly allocation a We and shareholders return capital strategy repurchase quarter to return enter in XXth due Year-to-date Giant. November, share. in increasing
Let's now XX. turn to Slide
benefit to a can capital return our addition to a value strategic multiple approximately year, with will In of returns water XXX present purchase for we Giant approximately as purchase acquisition of USD example. realized great X-year second heating water acquisitions of transaction that years. treating approximately the of projected on an projected in $X.X and tax X.Xx million target cost of full continue inclusive operating adjusted million capital capital price and our that by be purposes of represents of to X million the a returning and believe $X treating focus this period. in over EBITDA, synergies assets of assets is the the tax achieved shareholders, of cost expected a The a XXXX is we
customary Giant's stock fourth high and quarter carrying to We Giant's practice to expenses. rapidly levels accounting conservative valued as of marking are adjustments of current value the impact carrying expect by one-time safety of to XXXX, rising the transaction run chain the a has during headwinds due challenges acquisition especially of purchase into result practice Purchase no quarter accounting the expected of are first to costs. served market. the them well, inventory, as supply of date EPS within which and
outlook. will and $X.XX full in the Please add XXXX. We continue project acquisition XXXX at accounting purchase between Slide our XX, our to per turn $X.XX finalize to share to year updated currently
represents share. year-over-year. are that an previous we to increase between We The year on increase XX% per and now projecting with of range sales mid-point between to $X.XX compared improved Based this are and our full updated our $X.XX EPS forecast of increasing range and guidance. profitability, XX% X%
the and $XXX to in million be cash million between for million XXXX. with We year $XXX $XXX compared operations expect flow from
the $XXX and strong XXX% between million, an be rate. flow generate For cash and million expect $XX year, $XX free over with to should CapEx we million conversion of approximately
across segment We chain, outlook. prices effective XXX% XX.XX% up increased of of in continue the to have year. particularly is December XXXX indices effect are America which our a price at from Rest North supply XX% be rate and Based have to projected margins lower unchanged. X%, late a to beginning water to we November heating are margin XX% experience raising steel World this water These of of Steel on of cumulative effective year. on an We and increases our approximately our of inflation price the XX announced to fully to on previous end since logistics. and approximately fifth when guidance heaters X.X%. the improvement And between be segment a increase the that,
current for in with demand No in and is spending, Our replacement the the categories, including all new heating along on and North to environment. inflation-related and outlook by markets. inflation-related in and changes our announcements our high boiler changes construction increases material portfolio. water increases of driven heater price in increase in heaters XXXX. end remainder updated approximately of material global water based XX% water exit Strong compounding demand single-digit price for our key -- we Mid- no the I've growth as to announced price America macro backlog product assumptions,
housekeeping other and approximately assumptions, be for expenses expected to corporate As million, to similar other are XXXX. $XX
our with impacted our million the to relating was $X earnings tax in mix. rate share, of is to per tax note, filed third or tax Important approximately was previously quarter effective the it rate change as favorably Our than XX.X% in be year along estimated prior XX%. to approximately lower amending by effective $X.XX the return geographic
we at million. more which top outstanding is Slide on to call turn end the line provide on for growth XXX I the XX. will outlook Finally, expect shares back color year Kevin, Kevin? to of now diluted will our XXXX, who
