Thank you, Kate and thanks to everyone for joining me this afternoon.
of made some call this reminder, forward-looking. maybe a the during statements conference As
could results earnings cause from that most factors Relevant actual XX-K. statements SEC including contained recent our Form those to are in and our release filings, our forward-looking materially differ
I Net our GAAP discuss of our on comparable of this to measure. was $X.XX or share data our a performance third financial reconciliation I was a $XX in non-GAAP will our morning. the website, measure compared time referring financial a XX-Q the found income call, more last It of During release. the can The for be to company. non-GAAP $X.XX We and quarter filed contains release. to or included that review the of measure last operations earnings it. details financial $XX year. earnings income Please may take also share release, the which million included this the million the on to includes in net be earnings night’s significantly
the fuel reported increased except across costs periods shipments mainly regions, in prices offset increases XXXX Europe quarter for of $XXX selling compared parcel Petroleum XX.X% the included period to profit additive by of shipments. same decrease of additives quarter to operating Shipments fuel profit additives net was million Petroleum estate. all where operating gain the million related both of material higher results for were lubricant with decrease quarter to million. a last the year partially real quarter between shipments. Third million we additives and in for and for due the sales profit a non-operating of third additive $XX than $XXX higher XXXX sale third of a $XXX lower raw million in The XXXX. was $XX increased
increasing our average by row. show X%. XXXX third second quarter XXXX than a margin second Third for the the shipments of Petroleum quarter quarter historical versus continued operating for of lower quarter additives recovery, to in shipments significantly was
We transportation network costs and disruptions distribution. continuing have energy the global associated continued material supply costs, affecting other chain supply see raw to costs, and rising issues with
have adjusting our have be to priority continued in our pressure made we Margin within continue some downward we will rise, until our While putting progress prices, operating consistently historical costs see selling ranges. to on our margins improvement margins. a
Also, XXX,XXX a leverage declared dividend low of and $XX of we expenditures $XX in XX.X% operate to we funded quarter million repurchased dividend we X.Xx. our our at and quarter, the the $XXX million paid for debt to very During shares EBITDA ending we our with capital million. increase net stock continue as with of
product me business, support for to for view, your stakeholders. our of how a people-first supply $XX today. expenditures customers the e-mail by all of and and million including emphasis For the the continue our value technology-driven expect $XX full on We remain see success promoting range. long-term you on via to our we capital will needs, in fundamentals for or and available to We customer-focused and beneficial the customer appreciate year to run we greatest long-term and be solutions, solid we chain, safety continuing our the operating focused phone. Thank company, the generating to class employees. results, satisfying We questions call join offerings long-term culture, our million shareholders, believe world the XXXX, of for are
we with feel will you please free quarter. continue directly. Kate, Thank next me to and talk more we continue to planned that So, contact our comments. you concludes – all
