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
for I income comparable this million. overall by for operating may regions, reconciliation the increase in additives costs the quarter. on first found the the margin the Please across cost a or and $XXX.X detail selling The or contains measure our $XX.X it. last includes that for in $X.XX profit net share a be shipments earnings. in also of both to lubricant data $XXX.X period $X.XX first shipments. During the higher compared which for mainly $XX.X quarter to months operating between It a lower non-GAAP $XX.X shipments. in non-GAAP with prices million the was fuel additive year a or last included The of the to to increased than operating year. $XX.X X.X% increased be was and measure the call, due was of million Petroleum additive and take periods material to shipments. and which review an financial share lubricant release. earnings included for the XX.X% offset operating and last can I Asia-Pacific, Petroleum decrease of was record raw additives significantly sales partially the financial selling additive million the our XXXX of additives time on $XX.X profit three were company. net referring The Net fuel performance all quarter will same increases discuss prices both million, million mainly reported XXXX, measure. first financial due GAAP of compared in earnings increased to night's Sales increased and release website income XX.X%. the our million, of except of to more operations decreases quarter Shipments first was increased
and sold inflationary Margin below last year's have see pressure both in management on been a the While But operating profit costs. upward of last increases over quarter material raw cost related. quarter, as the past, continuing XXXX environment, current showed XXXX. priority to under they continue were all In cost the primarily margin many first will of improvements -- fourth quarter, raw in significant be operating significant materially goods pressure. are inputs we
diligently to high mid to We work in to historical teens. return our levels to the our will continue margins
loss Russian general will which the business. inflationary elsewhere. in to our addition we revenue And to Russia, the In profit. but operating, is relation we impacted, place gains this against environment With sanctions Ukraine are and to with additional war our has introduced is in try in being to offset business small impact against challenges
During the million. dividends million of capital quarter, paying $XX.X we expenditures and funded of $XX.X
off, and also fixed debt of We our With is and reducing interest year million this in cost bonds, bonds December, those $XXX million our which our were prepaid due $XXX paid costs. weighted XX debt the X.X%. average
range the that is remains will have leverage our X.Xx. ratio stated normal X.Xx. low our with quarter very EBITDA slightly This we're end debt unchanged. we with operate to ending range But at there the and of high above periods norm, net when outside be to of continue the We target
a we today. capital and all $XX would We Thank like you for range. expenditures support. say expect me for for XXXX, year million to full to call you customers the And employees, to joining our we for again questions million our all to free we me of see email to I so contact $XX that shareholders the the as you all via continue do comments. in talk appreciate to thank see available For company phone bright your please we concludes ahead. you or am feel for future will to my directly. next to quarter. Matthew planned Thanks and that
