Thank you, Christy.
joining afternoon. for everyone thanks us this And
forward-looking As conference our quarter factors call of And the in from that earnings filings, XX-Q. in during recent this statements made form those materially may differ our cause our results reminder, are release. first actual contained our some could to statements including be most SEC forward-looking, relevant and XX-K
to raw increased the was or that which the $XX of will to non-GAAP last release. comparable data million $XX this million on that year. this of be We to $XXX financial company. XXXX included additives GAAP primarily more was shipments due selling During also call, to The operations segment third Parcel for of be in the contains was website the and time costs material $XXX in research Petroleum costs The XXXX filed earnings a release, million administrative XXXX were Sales of and I partially was may our the closed $XXX in and share costs, $XX our of driven $XX.X lower morning; on $X.XX release. was offset financial executing of costs, decrease asset. gain by shipments. last estate net million petroleum one-time our a or to included compared The converting million, a X.X% sale million for quarter. on year. decreased selling, Shipments last third performance share details million. by on real real higher financial the past compared discuss it. significantly profit mainly earnings year and reconciliation the strategy XX-Q fuel shipments. asset long-term Please third prices. can for we compared increase between the due found quarter for measure. the our the lower includes was last same and quarter of performance been the in the additive decreases lower period $X.XX kicked-off Net the late to of of income third This changes in the in and operating selling general sales measure prices, our estate to This referring the measure decades. additives part a project was over periods we've income few non-operating include non-GAAP take third it quarter development quarter night's of This for specific the review to
end consumption rebounded lubricant third the continued quarter. producing of quarter steadily performance related driven specifically to in near operating to key improvement, our we automobile our fuel increased drivers some began second miles both and of beginning show rebound, reopening throughout demand quickly, for continued to have vehicles, the industrial affect plants quarter. additives and With what to XXXX, production the improvement reflected gasoline see that business results the with the consistent of Our
the quarter the due same last of of quarter XXXX second the second our helped pandemic disruption XX%. the tax the government XX.X% impact period for drive of to While quarter to XXXX related were rate was to effective compared shipments rate COVID-XX in third These for third quarter by an in year. and results improvements from the of over XX.X% restrictions. The significantly economic increase the down
who ending members able have very safely at say and thank to thank team would continue that our the of foremost repaid we to you can expenditures have is the $XX around so the the capital $XX and to like net We with low to adjusted XXXX past our X.X and and dividends to quarter team on funded This million we debt quarter, pay debt-to-EBITDA changes continue we exception. of continue million as six who of no with first world. $XX the During be necessary million months -- in operate not easy times. to been anyone operate made our plus has leverage
everyone Our this to primary safe customers’ focus, crisis. besides be keeping meeting our continues needs through
year, beginning to communicated globally we our interruption. without since As the of continue run this operations
adjust We to their Helping customers uncertain work continues needs, times economic -- environment. me, as continue meet our customers as to our through the top be with to these well excuse priority. changing to a we
business. healthy government which petroleum as restrictions and eased, these global of The modern expect depend rate the to cannot machinery by the on will restrictions without additives and on encouraged the and the operating all and for are the today. movement are end continue results services are products. market our lifted the staying We that rate at improving. joining the transportation we call all forward We next look function of our comments goods will the for plan heavily improvement And are we as Christy remain you our improve economic people, lifted for talking of for hope and you at thank attending concludes for you us overall to Thank quarter. safe. and today. And you environment to
