Thank and outlook. with million items you, quarter financial into be financial begin and good approximately performance covering are second billion. quarter morning, of Devin, which I’ll items, approximately and summarized moving cash the key Page with $XXX and our I’ll everyone. debt on total quarter of cash XX. key ended before financial equivalents We first $X
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is by the quarter. through share line $XX were returned to million with which payment in which million, is the first a was for This level quarterly XXXX. expenditures typical the We X% Capital to the of base dividend quarter. grow $XXX increased our during by per base through quarter commitment our to X.X% for our sustainable dividend annually shareholders $X.XX
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by quarter in LIFO, was benefits primarily profit well results items intersegment unallocated absence changes that quarter. as non-recurring summarized This Adjusted fourth our the quarter. this for the for were First Page million in and to segment as are to healthcare workers’ in fourth attributable decrease of $X on XX. compensation elimination decreased the items EBITDA compared and
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Starting with Japan. markets. Moving to export the
elevated consumption pricing. Devin mentioned, imports reduced on European inventories of log continue to As demand and lumber in weigh
through conditions expect second the persist to We quarter. these
quarter. our Japanese be lower first the realizations result, a compared to expected to and As are sales volumes
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Estate, and our Real Resources Energy Turning segment. Natural to
significant mentioned, we we transactions timber of demand are value. our and with real steady Devin expect estate premiums a still to consistent continue As for flow properties seeing HBU to
due expect earnings mix XXXX approximately to million estate $XX and adjusted sales. will lower to quarter, comparable real than be second be EBITDA we of an timing the the quarter the first For of will
full the the we segment. EBITDA $XXX continue to for approximately million For anticipate of adjusted year,
effect our first slightly average the and sales than for changes of Products lumber segment, of OSB. be we realizations XXXX, quarter second expect in quarter EBITDA For adjusted will and the higher Wood excluding earnings
stable the we into both get channel demand for prices Benchmark season, spring lean. we fairly signs been OSB quarter-to-date, of for Products have while Wood building lumber seeing inventories are remain as and increased but further
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higher current quarter than average slightly realizations the our sales first For average. quarter-to-date are and OSB,
continue quarter second Northwest lumber mills business, and a production manufacturing at reliability the our across more volumes our ease. return and system expect unit For pressures moderately the improves rates sales costs lower and to as normalized operating level, inflationary higher to we in
Western are compared the costs moderately for expected to Southern first primarily be Log logs. lower quarter, and to
sales business, board expected the be strand to first quarter. oriented are our volumes For comparable to
annual maintenance slightly expect moderately planned to lower. second higher quarter. expected and production to unit We costs more be due for the manufacturing slightly costs are lower downtime volumes in Fiber
progresses. expect products the and Turning we mentioned, our as we steady to in quarter activity quarter-to-date, an order wood engineered have business, Devin as demand seen uptick
significantly first quarter. anticipate we result, higher sales to the a volumes As compared products for most
as rebalance to products webstock. That anticipate lower and said, the We sales realizations lower continue costs moderately EWP are material demand market. including OSB for moderately broader raw most across to supply for expected be
be expect distribution to to quarter we our compared improved For business, due first adjusted volumes. the sales slightly EBITDA to higher
With now to forward the look Devin and I’ll to that, turn call your back questions.
