CEO. Michelle, afternoon and results. joining you, Chairman everyone me thanks discuss NewMarket's this and our to Gottwald, year-to-date is us third today Thank Teddy for quarter With and
recent conference including As a reminder, differ XX-K. cause be release of Form in the materially could in our from Relevant that SEC results statements and call are our during factors contained statements forward-looking. actual may made some most this filings, to those our forward-looking earnings
million. Net During release. which non-GAAP website significantly and Please more our the found earlier this GAAP the also measure financial the comparable measures. the that on discuss performance North details for for million was or our additives of the a of financial than call, we the sales quarter increases to or year contributed all XX-Q profit operating up mainly year. X.X% EPS volumes. got the The third the today. period Petroleum to both XX% in additives' $XXX both X.X% net the may We year both non-GAAP million, It by in included take increase fuel shipments lower the last lubricant from be is referring last to $X.XX to for compared additives $XX the is a time increase in quarter $XXX XX% America. to the to from last higher year our income company. date, Petroleum the quarter operations the period increased Petroleum regions additive financial which includes compared Year shipments last of shipments. on $XX of release. can periods. and is driven million, third and year's contains record performance. year's was third earnings We for additives a for reconciliation of of X.X% for in release lubricant measure with This it. $XX an will record was and a last of to earnings XXXX be filed same performance decrease million The date, was same sales included I earnings a quarter. share, exception income or quarter high data the share of $XX review were night's to last $X.XX to million which
number in which plants Middle was Arthur and shipments. additives European A the includes items Houston our occurred impacts primary during quarter, the fuel the Africa East, of India, the of Hurricane Harvey. Port the saw Our and nonrecurring increase region, driver to at we due including
the have these two a have unfortunately We taken see to recovery good in experienced While petrochemical our and impacted The of raw Coast and the margin a for we the quarter, come increases. was price third kept in raw see operating our facilities have compression this as not margin quarters months typically see four to able conditions row for Category as the shape. are continuing to pricing number we a short to higher two we in order. with X plans Gulf actions for fully continue unusual us very second very through the our in It we during the in industry the personally, impressive, with most teammates in QX, material similar QX normal cycles to facilities costs. quarter material restored Also pace compression is adjust. back of hurricane period to of before
response in increases. these to action additional taken have We
income down tax the foreign year. industry earnings mid- of from to as quarter nine our The last the for XX.X%, have with consistent rates tax lower The XXXX in months the the same long-term, jurisdictions for quarter recent and our margins our We expect fundamentals with third rate increased rate in a effective upper-teens third due first the in of to the history, be not to was of rates. over the were period XX.X% lower primarily changed.
On the included cash normal using the of $XX for cash for million quarter, the variations note fund the of million capital. funding our and the working items AMSA acquisition, in flow more $XXX dividend to
spending X.X reached times. with long-term plans. our a to continue debt to leverage low use full EBITDA nine remaining for very operate and million, to net Through $XXX months, capital capital the spending achieve We're We exceed investments has These as of and to our research $XXX to expect with continuing below Singapore improvements our - two phase we and last on million. investment, year's the manufacturing development our a infrastructure to world. around number the year, our well numbers facilities include and as
the this on completion wrapping a team up of the project. job fine keeping mechanical on and We schedule two are budget. has done And Singapore phase our
commissioning track new of and beginning for are the XXXX. We commercial quarter on the first the in production are facilities of
expectations. Our our consistent performing long-term petroleum business additives with is
promote of petroleum rate continue we the We annually for believe objectives. on shareholders the at value decisions whole as long-term a fundamentals to industry the to our unchanged, with future. X% additives focused foreseeable to long-term to remain a X% We make market remain of the the and and growing customers,
long-term. we We'd lines the that over rate that questions, for believe open Michelle, for will planned to exceed like to the - that please. our growth concludes up continue comments. We
