our everyone. I followed and Vinyls segment results, morning, Albert, a of will review results. by you, start Thank our with Olefins discussing financial and detailed good consolidated
sales per share, reported with diluted billion, million quarter on share, of me third This $X.XX or on $X.X or the Westlake our XXXX $XX million to billion. of of as net quarter income sales results. begin net Let $X.X income XXXX per third of $XXX the morning, for compared net consolidated record $X.XX diluted
interest in the higher million expense by costs, common stock with transaction the due third third sales results of Our acquisition related a quarter tax These increased higher our of integrated XXXX the balance contributed of $XX Axiall, and by XXXX quarter held higher in margins. on earnings partially from lower quarter of due of of the Axiall to third compared a higher were debt in and third the XXXX. were rate and prices associated to quarter Axiall, increases Westlake to gain and effective the XXXX, offset acquisition
Third related million of and by cost of quarter XXXX share transaction impacted Axiall. acquisition of $X.XX integrated with $X XXXX was per or negatively associated our
contributed when major from XXXX XXXX the Vinyls income in and sales sales compared to for were Record all our of of costs rates of in earnings net integrated and third and quarter segment. margins, Third for operating million quarter to $X.X XXXX. second sales driven Axiall, by contributed our billion operating benefited increased quarter sales integrated-related $XXX of Axiall, higher XXXX prices of of by of quarter higher $XXX lower higher transaction prices resulted billion higher which quarter XXXX. the the products, Sales of in third third compared million the by $X.X product the
quarter million. the sales major Third to compared from of income compared products benefited Operating to of the and second operating sales $XXX when XXXX. when quarter volumes XXXX sales of of prices quarter all for $XX for $XXX increased higher second products, our of million XXXX Vinyls higher major million income
were for $XX all million. of sales XXXX guidance Lost margins benefited products. operating line maintenance prices with of our sales cost volumes our major major in our sales income quarter and and products the Vinlys higher Third for from quarter higher for
Axiall sales The and contributed For we XXXX. higher XXXX sales and nine operating for operating on compared higher first our for $XXX million sales of for of the nine Axiall, by of increase the increase ended major major net sales net sales mainly million billion, in XX, reported was earnings the to income of of XXXX, prices $X months contributed operating attributed September income nine to $XXX our for prices the first to sales months products. of billion income on The net $X.X by products. was months due in
estimate not accounting utilization would favorable has on third pre-tax FIFO in been an only what and method audited. we'd $X.XX if This have calculation method. earnings or of impacts of Our million, compared $XX in is the been the per approximately to of share reported quarter, LIFO resulted
XXXX same period on the million of move income sales million segment the overall the compared as on to million due segments, operating $XXX of quarter by energy Olefins our increased the $XXX income operating segment. of sales with of of over third cost. income $XX $XXX In our offset performance rates, on let's operating million, prices net higher sales million. Now and Olefins higher Operating to higher two third the feedstock XXXX, of $XXX to reported of review starting and partially quarter products major
our was third the The pound Charles and expansion turnaround by Lake impacted of XXX-million quarter Petro X facility. XXXX negatively
and Operating million. turnarounds lower million $XX quarter increased income planned higher quarter of due $XXX sales and second with operating $XXX outages. third income associated income of was XXXX XXXX volumes quarter styrene for and Third to polyethylene unplanned higher XXXX operating than the million cost
For rates, the months energy product and Olefins in increase prior operating Olefins XXXX operating prices nine of first with increases income million months associated were income mainly the first compared of increased XXXX. outages cost months nine XXXX's major offset million the to due the to by first our operating million. for turnaround by lower $XX period. in compared the cost from higher This of of first $XXX of and nine partially margins, higher higher when higher operating months of driven $XXX income XXXX, was which products, year integrated These were nine to when
and quarter segment. of to earnings increased to million. the increased of Operating major the sales quarter XXXX higher on the by increased third $XXX $XXX by prices This quarter sales from The million to by record cost. third Vinyls due segment operating third of million offset million, sales sales income all billion. Net move $XXX record contributed prices, reported of increase primarily net our $XXX for Vinyls is XXXX, higher and and sales products. in let's the million of for to Axiall partially $XXX income energy XXXX net for Axiall due the Vinyls contributed sales $X.X Now, segment
and million driven operating lower maintenance The second XXXX American rates major increased improved sales results quarter higher turnaround $XXX and were by increased for lower and quarter cost. products all of million. energy related and prices, North operating by $XXX higher XXXX's and million Third operating income $XX due the of European feedstock income of to cost, from our margins
was other The second impacted with facilities. cost unabsorbed at unplanned and fixed planned outages cost our turnarounds by negatively and a number associated of XXXX of manufacturing quarter
XXXX, manufacturing increased to and Vinyls the higher the mainly For income earnings in sales operating of from fixed months months associated operating XXXX's million for was all products. expansion the XXXX. and were due partially turnaround major increases income other increase of nine Calvert of of turnaround first and nine planned These prices and by This $XXX unabsorbed Axiall cost higher our the million during of and and $XXX the unplanned planned energy by at City and months cost million. operating offset nine first income $XXX contributed first facility, of other to cost outages volumes with
of attention statement Now, and our let's cash sheet turn flows. to our balance
including debt equivalents cash quarter, billion. was nine For million, the we $XXX we had dropdown million months operating At cash the total the activities expenditures. the the our $XXX $XXX million capital $XXX attractive the in and At Partners, was cash Westlake first $X.X generated invested generated quarter, end of transaction through end of MLP. with approximately and of million XXXX, from of third third
of million prudently power seen financially funded competitiveness will and we will our X.XX as our redemption we cash This last (XX:XX) sheet hand. investments plants, with redemption week's the the to continue of coupon While attractive debt. $XXX our was reliability on manage in planned balance improve
for purposes. guidance let Now, updated modeling provide me
includes reliability that incurred planned be as continue expense quarter. Our with in $XX will and plan outages outages loss we for – by our focus improve fourth we This several will number the current earnings that along higher these our to performance. maintenance the to the reflects associated approximately efforts impact margins that million sales maintenance will maintenance
Moving on spending. capital to
will cash tax expenditure will ranges capital our $XXX $XXX tax million million. XXXX rate to XXXX approximately year that rate annual for approximately and XX% be XX%. estimate this estimate current We our be from effective Our
As savings expect XXXX, Albert of million capture capture expect and mentioned, that $XXX we while to in integration-related we announced. we year, $XXX cost million of XXXX. – and of synergies $XX approximately expensing million expect savings related around synergies to the reduction cost this In full cost our previously reduction
some back to ahead to look that, efforts next budgeting over to to continue guidance call we your closing we Albert comments. As to complete provide will call we modeling earnings our will I on our the XXXX, once process. make aid turn XXXX With Albert?
