morning thank you for Good has us promised guidance. joining quarter delivered and today. on We our first
is strategy Our working.
Our process the and create growth was maintaining for revitalization Two, making improving major our for liquidity three cash our development strong strategy asset program very and support areas. strength to as of we and customer our customers earnings advanced cash premium satisfaction. centered to and to One, including long-term and profile, around our investments to promote a position through disciplined managing allocation value our our resource aggressively balance customer both excellent matter to pillars. and making legacy in And derisking progress sheet high no be economic our the steels solutions, three, serve able three to risk are circumstances exposure improving such Generation liabilities all X customers connections. disciplined
with deal opportunities While us. to have we also have we challenges near-term may ahead of
Those solid judge investors. long-term beneficial for focused capabilities and our those help with our improved near-term investments the We will relationships assets importantly, manage how delivery creating and will in But by the the mutually consistent our relationships long-term we through increased our not perspective Enduring we in challenges, will industry. invested are and sustainably truly we for challenges reduce foundation amount customer of critical opportunities. near-term forward. going of cyclical in on making quality and success more and more will profitable to perspective stronger us a be for optimize challenges will product near-term company our model. our develop us we and performance, long-term are establish face by course, better a business but The by are distracted and returns we judge the share and customer how the short-term who have through and will cycle, people
cycle. in our but and this customers are them, in developing for only benefit investors capabilities We business employees long-term to also the our not the business and differentiated through serve
our Turning briefly to results.
challenges in Pittsburgh the year disrupting due weather quarter rainfall, a related first some area. always record the additional but winter over seasonal primarily conditions, to this river transportation century challenge has The we worst face to logistical in
did am also effort with they I operating our pleased We issues. responded and people without smaller with safety. great employee’s our so compromising face But some unplanned it efforts.
We fairness to are culture accountability working a in respect. high environment high and professional create personal with of of an very and performance hard levels
represented employees and in programs our the quarter our cooperative Our safety in we in already do industry-leading our the priority several effort is to we safety of first added implemented a performance. people with everything
We never in satisfied our will facilities is until safe. be everyone
their customers. applaud to Company expectations results dedication our to the face our unplanned and deliver ability with issues thank operating and and in them we and the line people our of Our in to of due commitment talent for
performance never our have assets challenging, of our greatest people continue wavered, can strength. and the will our to be be they been While has
markets, remained of in continues XXXX, steel in including as our steady most and forward several automotive. energy to grow such consumption move other we the that we As and markets in U.S. serve, construction, in
providing so much current the encouraged evolve, to difficult quantify the Section progress administration PRO XXX for but instrumental business are to manufacturing. support actions, Section the we is believe by needed mindset the in American we far. of continues the it While XXX of has The impact remedy been
XXX engaged goals actively in administrations the are process exemption the We report. country to and product the of exclusion achieve
about on are manufacturing and base our the country passionate strong establish security the a actions to of the importance administration and are manufacturing. the to for field of to necessary the We playing level take fair counting U.S.
repairs performance cost operations have tubular expect Lakes operations issue million. at as Looking vessel facing. we we We have in Europe an we aligning currently failure operations At been for on $XX basic in EBITDA the at quarter issue offset our that approximately earnings processed our have service. market an two in impact to we dealing will steel unfavorable with second had steel the and aligning near-term we are Steel currently second vessels quarter, and operating begin the unplanned of the This release, conditions returned headwind strong vessel the another it we of Works at to completed the Great temporary caused operational oxygen from improved expect just to to Flat-Rolled we the one noted now our U.S. shop. damage have making an on the and
we Works. are operations taken City. I making. and visited to benefits, the the shortcuts Also but repairs been a Great of the progress have that injury at there outage. in City steel very clear, recently we March, The by the day those have I'm at to working pleased very yet. to be we Great our an we are quarter is our and for announced their assets committed this have blast steel furnace completed all City we’re third and no in XX schedule issues projects of outage return and process the Lakes Works, assets are of greater at but making sooner restart Granite making energized vessel that Lakes Works to people free will make the our the steel was To vessel as Granite commitment restarting had passion and shop We with we like Granite in planned can well, revitalization additional during not
that City returning have to received and years. restart We work excellent see of seeing we be tons two X our ability each we in our to our return prioritized and substantial performance the supportive to from In on continue dollar asset to our revitalization customers million them reinvest object after initial critical of glad most improve business profitability we deliver complete. our from in to our our program, will with capability conditions long assets XX% an and efforts. production the will improvements, to our incremental for response we grows us and closer project our moves confidence about and every serve of Dan? with employees sustainable believe our the XXXX of our growth. have investment and Market production are stages as sustainable opportunities We continue Granite increases that revitalization we we are XX% asset future
