and today for Chairman is Donna, morning. and us With me Teddy thanks you, joining everyone this CEO. Thank Gottwald, our
this contained forward-looking. including Form reminder, call differ cause SEC materially a some filings, forward-looking the our earnings to made As XX-K. statements release those are our of actual results recent may our factors Relevant during be from that in could most statements conference and
our the review middle non-GAAP During that website, our XXXX towards the The release. earnings measure. this operations the in February. it. we our the on to measure call, financial be includes XX-K our comparable intend of Company. in be included measure the components data of release. I of the will discuss release, referring on financial can also reconciliation to contain will which Please non-GAAP earnings financial It to We night's GAAP file included may last found and was significantly detail more a
the Now on quarter fourth to results.
tax tax was before increase to X.X% compared $XX.X XXXX a $XX million, profit before quarter million. the the of fourth for profit of Our
the the was It million Net $X.X tax XXXX December per includes estimate Act the EPS, is liabilities on $XX.X plant. I'll Reform fourth enacted mention impact profit our impact the be Tax the as were of the the additives continued impact quarter income for rise charge. to with Sales were of quarter's versus Singapore of profit materials per million The number primarily the million, operating implementation same $X.XX to quarter the Tax quarter a due period Act, before of $XXX compared for or of which income quarter on tax Petroleum compare way last XXXX. numbers share that to much million, also X%. we of for were to of higher of up which for $X.XX XX, XXXX, this seen quarter compared certain associated X% compressed sales the have shipments good the periods. the raw fourth With set throughout Reform $XX.X XXXX. next which the XX.X% up XXXX. up does the in include fourth quarter million a have for was share, year, recording of deferred or net we to Margins to $XX.X
our $XX in addition of repurchased of $XX on During and $XX to long-term capital spent we capital dividends, quarter this support million stock. in past million million plans of funding expenditures
full-year, the continued when to implement have X.X% Turning $XXX XXXX in a pass catch margins, rise to Raw Petroleum the material our margins the have and and operating was increases and to been additives prior case compressed on when down the to a Because is between play several rise, down see two lag have to our and been stayed compressed four-month we XXXX throughout profit before margins been versus are quarters. has the to for recover there XXXX. up able Typically, as materials was raw versus recovery. prolonged year. profit cost last and tax increases margin able a prices but have this we we continued result. costs our have million, are $XXX on X% million, the we
focus year. are and Europe, We to to increase we and shipments regions Lubricant Latin additives lubricant primary And our Europe both additives, in used contributing XXXX We the of strategy no and additive are business. that in around this line increase in to industry additive recover have our Petroleum for there our which and the looking fuel changes an provide in in with in petroleum increases. shipments. additives long-term well had the us flow showed the America In resulted X.X% record substantial of Pacific, shipments. dynamics the Asia it. portion our investments increases the and on to shipments we our were driver our room was we fuel for XXXX world Investments will strong margins. continue make to growth. serve better addressed address in partially fundamental major position cash our to a customers continue to believe future
of of expression $XXX and of is record serve our a commitment manufacturing long which our were room XXXX Asia full and our our included now to This Phase Pacific to in capabilities. for customers future plant, growth. expenditures mechanically support complete. capacity expanded Singapore provide X plan range our million better capital worldwide Our in technical expand an This is
a serve $XX returned petroleum provide through we investments $XXX million. dividends in fourth We the capability, with all acquisition of regions. acquisition million technological footprint, AMSA position plant quarter and also puts about our a cost than of of AMSA, in in $XX The largest America, more presence us customers additives, in shareholder our to acquisition Along strengthens at completed combined million return. our and expand the new great acquisition million This Latin substantial in XX,XXX years. of not only XX in shares but our with stock to shareholders repurchases manufacturing Singapore increased our $XXX our
healthy times. with ended to to capital, record a the and modest private EBITDA also we of facility refinancing completion credit of at very long-term million upsized the XXXX. extended of net our million AMSA and acquisition a to some of and placement financing, rate the debt strengthened X.XX% a that X.X debt and was We With with stock the revolving balance sheet in at our year repurchases, $XXX still fixed $XXX new
$XXX as changes have that ballpark we As future. us the based XXXX versus and the we Tax strength XXXX, for sales estimated of see of our benefits as In flexibility spending the tax is for is which commissioned ramp figure throughout to X% product. Act a how we are before, to units financing the stated purposes, we for the expect A X.X XXXX an about we actual CapEx result for in The Also will debt comfortable maintaining new number are to net and year Singapore year. to point mix close in these full-year vary and using we our Reform this range rate a and XX% of million. taxes capital see on unfolds improvement. planning out down expect EBITDA reduced give the of geographic the
can position cash and in generate the acquisitions stock in buybacks. shareholders reward We through same. petroleum our Our to significant business dividends remain amounts business cash strengthen our continues competitive the additives, and growth, invest find for that our priorities of and for
over shareholders return necessarily five-year goal EPS period dividend achieve that provide we stated is XX% as yield per goal the implication and defined to the Our growth may XX% year for compounded plus return is each of not a any our this year.
didn't We made focus progress a provide we well was in material saw from ever of We AMSA from to in this Unfortunately, margin To raw manufacturing things the of aware in cost that XXXX level goal in Thanks our summarize, significant expanded by this XXXX. are year our performance We volume a quality achieve return operations. are certain investors. lot committed costs Singapore our capability we greatly added had this safety to to the and strong growth. good areas standpoint. had and best our we good overshadowed investments everyone of We company. control. improvements rising in and with We and compression. happened
be the we successes build look on the segment to to on well we the the good a emphasis our added in put of made, It for with for expect positioned should XXXX, long-term. petroleum company. we recovery. And are we year investments As and year last major additive margin
research the will to products on continue higher to we the improve our to market. cost effective quality more serving bring continue and and We be value to and focus will to customers development
We this We turn to concludes of improve Donna, and return. it possible growth where acquisitions repurchases our dividends support as over modest planned stock continued shareholder your will that questions. with appreciate We'll leverage comments. and use for supplement the with always.
