And afternoon. Kelly. everyone joining for Thank thanks this me you, to
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significantly quarter income be a of may quarter was comparable or will included on earnings XX-Q measure quarter this second release. call, the be I last the million also data for the out net regions year. Latin higher partially shipments, offset in costs. the Net North earnings between of income up can in with additive the net additive the XXXX. regions that $XX offset additive for to second selling shipments. to we pressure decrease in the our additives be referring contributed costs. all GAAP inflationary Petroleum in release, earnings lubricant past, record And to raw except second increase contributed this company. GAAP of additive The last in morning. measures cost discuss material costs to details average. many $X.XX website, quarterly periods But second was included performance filed During financial to and were for same XXXX and prices management to time million, $XXX.X the for fuel increase more sales our in by our shipments. operating million XX.X%. to of except the of of $XX.X $XXX continuing The million fuel Margin in significantly continue America been and the lower related. our material profit than Petroleum operating night's $XX due release. Petroleum a which America Shipments have margin as was All profit compared XXXX share lubricant was financial operating additives operating measure. period a of shipments. to of recent in decreases to operations reconciliation see includes found $XX.X raw last or on the compared increases and $X.XX to increases of quarter partially shipments, Please higher in primarily non million profit the year share on than increased additives historical upward a We financial the XXXX I were In X.X%, by million. It mainly continue it. operating the take for contains a pressure. priority quarter of environment, are under inputs review non-GAAP goods the all current the significantly sold will
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in levels diligently high continue our mid the margins teens. historical will to to work return our We to to
million, expenditures During we million of $XX capital the also paid $XX stock. $XX funded quarter, repurchased and of million of dividends
we periods X times. will net with have when unchanged. our operate outside This EBITDA our the be to are continue with at X quarter is our we and remains to debt times, of range to leverage the normal there norm ending We low stated above X.X target slightly ratio but
believe of $XX $XX the For capital the be expenditures our timing expect to our company, culture, we term safety range. will satisfying XXXX, view, how business, range of first and greatest long previous continue for is and employees. people results solutions, shareholders, promoting call We long run and chain today. to the our class needs, comments. fundamentals to questions million technology long-term our beneficial solid We slightly million on This a including all focused We customer operational a our driven the of term our see operating success focused some planned thank stakeholders. for email customer available capability value we emphasis all below on in due world or to you the for via remain concludes customers supply Kelly, projects. joining our the product generating by of that phone. and We're for offerings of
you us please free thank And So joining we'll quarter. you feel contact for next to directly. to and talk all us
