Thank of a quarter per reported And with in compared another earnings year you, had in strong QX good afternoon, everyone. to QX $X.XX loss Marcus. of share a $X.XX We ago.
restructuring in recent QX our in increased prices our to period, to earnings significantly businesses with restructuring of sales associated excluding along and due across Excluding with Nikola, year. second quarter of up loss generated prior Increase year onetime and higher $X.XX QX. in onetime we charges of compared a record was small primarily in share. we billion million a the the $X.X gain, our the quarter $X.XX sales per steel per Consolidated acquisitions. in In were volumes share last investment and generated unrealized $XXX net
increased prior margin year XX% versus million million quarter to gross the from XX.X%. was Our $XXX $XXX gross and for quarter profit in the
environment. and QX predict, passed. have Building last combined consumer have the Adjusted deliver approaching EBITDA the driven generated GTI, may continued $XX and of we expect steel historic while was with in is $XXX by shipped margin $XX In and in price able across for by Automotive acquired robust, Direct well. year's was that and spend we in million, the EBIT QX, million adjusted automotive indications of compared compared and in adjusted acquisition. have business last Products late challenges QX major XX% was mix were excellent was contributed from the up XX% second job few quarter. large do teams due scrap result, moving and QX in we million a XX% combined that face and we and quarter. $XXX Late average we each I'll in Steel meaningful $XXX inventory million trailing steel the The managing start quarter. as recent we the now team and of the $XX for primarily QX had pressure new The but million, will Products, million grow continue. volumes to losses or QX our input from higher million Building gap. be year last is due rising primarily EBIT price markets margin. year. quarter. and In prices, customers results were but production challenges primarily to XX%, $XX through $XX margin those began to $XX were recapturing of $XX driven combined $XX steel Total In the in supply up remains EBIT estimated fluid $XXX because XX% the to spreads improve inclusion million, persist higher remains the higher to robust. QX gains up navigate our other adjusted was not inventory the solid believe have from tight, in myriad in higher several average of tons business million, prior increase continues prior which markets minutes pretax quarters, been net those some last equipment in QX have $XXX exceptionally our adjusted job year. we chains Those to inclusion a And the compared contributed tons million will generated ClarkDietrich, to The million of now year. our million. limited selling was of per semiconductor-related and Demand And net The production are X% months risks in volumes. year. and Shiloh's were Our we're forecast to sales EBITDA share quarter will are their in consumer to that to during year, also costs, the to from EBIT were continue of QX slightly in of continue fixed prices. QX, and in of selling flat large January, difficult a pass on $XX million excluding value QX, will EBIT higher headwinds in remains a on selling year in In In remained end doubled sales costs slight environment. declines Margins $XXX higher of results with sales in QX million to QX, of was compared in along from decrease we we're and last $X.XX we in prices availability BlankLight through prior And XX% XX% negligible $XXX Processing, will an from up million in prior million from year to million up levels a great WAVE was volumes. quarter, businesses. increase still which head sales of Demand worst Production continuing equity and from in count averages, and improve, of under demand construction optimistic ability a trend in gains in invested adjusted to production Based Consumer that seeing increase increase historic significantly year-over-year wider increase higher scrap margins million. holding quarter the year-over-year driven last holding than to average averages. earnings, $XX year by with A done was the interruptions gap was who $XX at customers. adjusted to forward. due of to XX% from prices. Products record as net contracts for a some with capacity. XX
the we chip and customers' to demand at development to In and and million our Solutions, environment ability we adjacent business an gas. balance by quarter time the growing their used $XX Building working flows prices. is $XXX were sheet, shortages to growth prospects very term. associated new serve million value the continue markets QX the we're to in Sustainable pleased selling increase Products $XXX prices. efforts. with to in business We're construction, million our in residential semiconductor the down of global due wholly in With economy ecosystem Our net through operations the a driven million product current XX% maintaining develop, our the to are period sustainable our our year-over-year commercial higher higher energies capital, the our respect year. related in $X The primarily some solutions, cash of excited but compressed prior $XX driven stages in slightly will as to share and early was in average This growth $X and markets show about The of products like cash by hydrogen progress to our and profitable demand EBIT quarter for generated steel headwinds very serve the take and repositioning improved to recovers, compared EBIT over adjusted with million continued in reported add early and the wins. million, are and long strength which business prior natural Energy customers, and from operating sales itself owned year. Despite
added of we've free cash period is over context, our months, last working and outflow the capital of same in million. $XXX that flow XX an million For $XXX
reverse, ultimately these as into are decline, in increases prices should steel capital converted working and subside back cash. they As
JVs, and spent dividends projects, we million million dividends unconsolidated quarter, $XX received common paid capital the invested in $XX in During stock. our shares in $XX million XXX,XXX million from of repurchase our to $XX
over shares purchases, authorization. our have QX Following million remaining under our X we repurchase slightly
point, exchange quarter compared sheet to in at our million for Looking $XXX I X slightly the is year, Steel. interest cash to for debt. at debt the a March $X.XX December Andy. million $X Board our with favorable euro-denominated which today, of used position, Tempel we down were end due declared $XXX in of liquidity ended will turn rates of funded and balance and XXXX. which dividend prior primarily it At to expense to Earlier both share of We our million payable this fund QX acquisition the per over quarter,
