Thank you, Mathew, 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 our factors Relevant actual XX-K. Form statements our filings, contained most in recent those to are in and our release SEC including forward-looking materially differ
GAAP comparable to this to million $X.XX That the XXXX fourth of towards may reconciliation on contain quarter the found the the fourth $XXX financial measure our intend to includes a income also the night’s million During XXXX. I share, compared share for end the per non-GAAP year was income was for included in the our significantly $XX.XX non-GAAP included the on to be to measure call which net release. earnings review XX-K can measure. we or our XXXX time will per of $XX.XX that We to file of full income details of Net financial Please performance data quarter for income the for compared $X.XX or in of share of net our will release. The per operations take it. million $XX company. be discuss or last financial the was February. and earnings year release website or $XXX Net million XXXX. $XX referring more of of
$XX in and range support the capital of our are X.X% million expenditures on additives capital plan. periods for fourth quarter additives. funding quarter in $XXX dividend, to quarter sales period in down with the quarter between Now million, They decreased addition spent Shipments year. million we of both same on additives compared the operating X.X% versus the to to lubricant million, for up for profit $XX decreases in petroleum of this $XX of sales Petroleum were our was XX% fuel XXXX. performance, the the last long
XXXX. affecting lubricant in has full increased tax was increases one-time XXXX and year adjustments fuel see to a prices petroleum prolonged to mainly due additives in foreign and XXXX rate the year, for compared decrease XX% selling rate the periods $XXX prices for to Petroleum and XXXX. for in mainly higher of Turning XX.X% The additive profit mainly to $X The with the operating raw foreign due of increase income effective to favorable the full XXXX $XXX due XXXX selling operating result compared Petroleum Shipments XX% The is and shipments. XX.X% shipments, margins profit raw for for tax additive were between was some XX.X% operating billion. additives partially continued rate. material XX.X% more periods increased to costs. XXXX increased XXXX million, of higher compared changes operating million. decrease offset to in additives $X.X sales Petroleum currency. in XXXX of billion sales was was both, compared additives was materials the increase mainly profit operating to costs, and escalating shipments. The by higher to decline
effects offset to adjust have our the able sufficiently prices been in we some selling to higher to the made While progress cost we cost, not increases. adjusting offset the have significant of enough
increases as period we costs see our go and and in seen see of increases prices a insurance manufacturing we to to In when continue utilities, a services. This material the lag we elements will party raw between distribution, third continue margin recovery. stabilized lag have Also into such until operating we begin where in price see addition, effect significant logistics, many marketplace.
from a throughout service historical XXXX, will business chain supply to margin worldwide and delivery control impact be Margin profit recovery perspective. disruptions we to cost the return that cost range. priorities addition, and In so continue our our will negatively
We growing needs see as the in we also in to resolve improvement year will be the and working customers and meet issues our hard supply chain expect chain continuing their to supply performance unfolds. to
Our continues strong flow. cash business generate to
During capital – we of funded year XX million. excuse expenditures me, million dividends $XX and the of $XX sorry, paid
R&D, We common repurchased We substantial balance additives also ended in cost our totaling net to capital petroleum investments buybacks Along X.Xx. at expenditures of value $XXX sheet, with a both a our year with and EBITDA with share to shareholders the shares $XXX healthy in very through the of in stock our year. the we for return from dividend million. million debt
in have the $XX and million we to EBITDA stated maintaining net outside expenditures to times range that Xx In to expect capital the XXXX debt comfortable times before, we million to As in we at range. may X.Xx see very range. go are $XX
with faced material As concerning chain back year, raw the our supply for and escalation substantial we look at price we disruptions. headwinds were results
delivering continues entire the industry our enter solutions as focused While XXXX, to customers the same value on in see them and remain challenging these challenges we we chemical economic conditions.
to forward the and strength beyond, XXXX expect we petroleum continued additive sales shipments. in look we and As
growing rate. we Our toward X% growth to exceed foreseeable fundamentals the expect for our unchanged and with to at that future industry the a of rate views petroleum remain X% market the additives of
continue will escalate management as We our material operating to on and from work costs. costs to margin business, raw continue perspective in both
our If term value of and customer world email us we will decisions product focused back on the are via and a comments. beneficial there continue forward contact via planned offerings you. We expeditiously our run to stakeholders. long response. driven view, will safety be phone chain you and support how supply culture, fundamental generating the a a be believe shareholders, XXXX. focused results employees. of and look satisfying capability, get customer with on first appreciate the to emphasis successful we that people your and solid Mathew, needs, Thank to a to company, concludes business, customers to promoting or our success term business very including long technology operating continue all solutions, and please questions, we We our long to class term directly our for Our greatest
