Thank you, Matthew, and thanks to everyone for joining me this afternoon.
of forward-looking. made some call this reminder, be may a the during statements conference As
that cause our factors recent forward-looking our Relevant could filings, Form statements from differ SEC first are those XX-K materially and contained quarter our in including earnings our and actual release most results XX-Q. to
parcel or compared XXXX. or compared Net share XXXX share the $X.XX the tax a real million net effective reconciliation per earnings or nonoperating financial XXXX year of February. from on was we quarter release, Net performance fourth $XX to night's of income the estate, was which included more of was XXXX. earnings of for for to reduced the $XXX may call, significantly Net the $XX.XX $XXX along non-GAAP XXXX. our this GAAP will We fourth a rate the The includes year to discuss the XX-K gain financial and per non-GAAP financial Please $XX.X of for data income intend details that our share income per be release. company. I compared towards sale million to found of time measure take or a the middle of full It of to will the release. comparable During to income the $X.XX with $XX also a benefited year included income quarter referring million last measure our operations in website, a of to in the our measure. $XX.XX review related to net for of million million can of on the it. contain be file share for
Sales $XX up for for additives' the performance. quarter XX.X% quarter last was of all X% to quarter down compared driven same XXXX. petroleum North European $XXX between the regions. Shipments and fuel million, offset the the the shipments Petroleum increases operating by X.X% except in the Now periods, on profit Pacific, regions, sales were in increased million, partially with additive additives shipments period for to America decreases year. fourth Asia additive the in lubricant by versus
funding past quarter, million dividends, support million in of this plans. During our addition on to spent long-range $XX expenditures $XX we capital of in capital
decrease the and tax of higher changes COVID-XX the marked effects XXXX and decrease XXXX and operating $XXX Petroleum profit filings lower an related the decrease costs, of periods, year. tax in the both XXXX result to finalizing by and costs. pandemic year full for services. Turning decrease XX.X% additive prior decreased for additives' XXXX compared costs the XXXX uncertainty profit decreases lower million, billion ongoing was of and from for to operating was were was mainly compared releasing in $X shipments. conversion sales $XXX prices. to shipments between This compared The tax X.X% XXXX. prices, to for sales with decreased X.X% XXXX selling The fuel goods reserves. was restrictions a results certain operating the additives' due of mainly shipments Petroleum of was resulting $X.X effective have economic on and by Petroleum to full people, lower and selling rate additive raw to mainly in and in tax rate Shipments XX.X% material offset million. selling, year general partially This administrative lubricant been in the due billion. additives movement
of have each of of in the had drivers performance the affect throughout regions, seen our operate business. to times some that continued key significant the have we various in we While year changes our
flow. cash to Our strong business continues generate
capital funded our million, and revolving we paid dividends facility. credit repaid borrowings of year, expenditures on $XX the of $XX of $XX million million During
a the million. shareholders we stock value debt-to-EBITDA purchased R&D common of net year a expenditure cost of through our investment We additives share $XXX ended from healthy totaling with X.Xx. both capital We our Along returned shares investments and the balance dividends to with XXX,XXX perspective, at buybacks $XXX and very also for and in our petroleum with million. substantial sheet
range. expect before, range investments in In see As maintaining comfortable capital may to million $XX and, X.X million expenditures outside $XX Xx we XXXX, range. have the are the to we go at in we net times, debt-to-EBITDA and stated that to
we the their the sincerely COVID-XX We to supply operational what to thank of are to and back given their for at introduced pandemic we demands determination year, employees our are customers proud extremely our the into achieved, look again want commitment performance and do ensure our results we continued the economy. necessary support is As volatility for the met. global
are all. of We very proud them
services government and for As The goods rate to well the will restrictions being we will recovery which the of of and globally. restrictions we at stability people, on on look that movement in depend status vaccination to products government programs monitor forward continue as improvement are and lifted heavily of lifted. as to are economic our pace demand remain XXXX, continue the and implemented
are of via support, be we very successful the fundamentals your to forward be customers our response. a Thank with to operating long-term and view, culture, beneficial will emphasis value appreciate there people-first a look the greatest generating capability, and directly and concludes success we decisions XXXX. our world-class on focused believe our technologically-driven our to business, employees. business or results on including long-term and expeditiously solid product long-term the a Matthew, that planned you. questions, how you of promoting get solutions, comments. safety our If Our a we'll and chain for run We needs, all satisfied phone, customer-focused will for to contact us and back customer supply continue We stakeholders. please company, on continue offerings shareholders, e-mail
