good Slide I'm you, Kevin, everyone. on Thank and morning, X.
margin, decrease boilers. Sales in Giant compared gain the America freight and headwinds overall volumes and XX. were XXXX X% Pricing million the $XXX increases price the margins of largely our October more a offset than North of Giant, acquisition and a North operating of excluded Third which adjusted than judgment XXXX, water XX% XXXX. actions segment water I due The production nonoperating sales. legacy quarter water water segment earnings inefficiencies heaters. in water residential also well pension than has heater and of our to lower million America offset costs. related volumes $XXX X% earnings to decreased compared of were acquired volumes added million. period lower million, and of primarily from America of of of a as North to Adjusted inflation-related mentioned expenses benefited material pretax higher of heaters on same by to adjusted residential compared segment margin due heaters with against million segment with $XX.X benefit with more business. Adjusted of patents infringement a and $X.X in segment operating higher one competitor $XX earnings heater quarter commercial obtained margin sales pretax XXXX. as was the the by related lower declined
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capital. exchange As of reporting foreign result of currency separately a working the impact impacts on
position was at the and $XXX September, end Our cash cash balance million million. totaled net of our $XXX
leverage was by debt XX% ratio to Our as capital. total total measured
share. our of shares allow to and of common rate million. to this increase to Our for the month, capital strong X% $XXX a total $X.XX stock in and solid annual a balance Board shareholders. allocation to free focus continue We return us dividend per months approved cash on million cash flow priorities X first Earlier our quarterly repurchased in X.X XXXX of sheet
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of sheet lines In geographies. of growth, strength to opportunities returning to pursue uncertainty. to us product in for strategic capital economic of new even The see organic we all allows our across balance innovation our product acquisitions times shareholders, addition development and and
water updated $X.X years adjusted we XXXX well of has since costs our to repurchases range both $XXX that to delivering share from adjusted with full record been turn year balance sheet done This per $X.XX XX that our returns financial and the were XXXX. through shareholders. that strength outlook. water have recognized strong of press maintain As of release earnings associated to per share. share. activities track treating excluded earnings that to with conjunction meet of dividend $X.XX The of expected we range per XX million to us of adjusted related per have $X. in share October a corporate per increased our and and earnings acquisition. an earnings metrics, We we XXXX to costs our maintain result our our of XX the with assets identify outlook our These our terminated our heating $X.XX expenses XX Please Slide and for beginning share as share totaled to million guidance consecutive as allows earnings
they Our approximately in China outlook significant further in on XXXX number is the key and have not to COVID-XX-related Steel our the based our that U.S. restrictions that impact the began of are or the assumptions, significantly of and and cases stabilize COVID-XX moderated including, operations, a customers through year. no surges suppliers. of indices remain today, levels at at current do employees, end
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see heaters. for water approximately increases, We to benefit from compounding price XXXX to the continue XX% multiple
million generate to expect $XXX free million. We approximately cash $XXX flow to of
expected be expected $XX other corporate CapEx For million. are to to is be $XX year, $XX million. to the expenses approximately Adjusted million approximately and
will back over expectations represents of X% increase we $XXX adjusted Our estimated our turn and resulting call diluted repurchase of of growth to Kevin, now who between worth of shares over on for million the midpoint in and Kevin? these provide key top And $XXX XXXX. our be assumptions, to metrics range XXXX, to effective our more -- to of on tax Slide XX%. color the on shares staying EPS Based average outlook outstanding rate compared I'll common line million an XX. segment XX.X% for stock, is to expect XXXX.
