Thank you, Ali, and thanks to everyone for joining me this afternoon.
advance few need as seconds from cough. in audio mute I'm apologize a a for during me if to I the recovering Let the call
conference of that and factors cause in earnings including statements actual materially filings, made As are differ could the our to our Form those reminder, be forward-looking. SEC some during a XX-K. most release the from call results contained may Relevant our statements recent forward-looking in
discuss on will of more the to earnings of also financial and includes During measures referring to included the last release, We operations company. our the contain our to on will financial was the call, reconciliation in non-GAAP in file I release. release. measures. financial which XXXX intend included February. we night's measures a significantly GAAP non-GAAP the the towards our can details our will performance earnings comparable XX-K review the The Please it. be end found that be data It website, of
And were income net or for million million. of XXXX. additives Petroleum $XXX for full additives $XX.XX XXXX. $XX for million compared share per year to sales Petroleum for for and or $X.XX quarter to the to fourth was $X.X billion $XXX million $XXX of for it XXXX XXXX Net million operating for XXXX, share was quarter reached compared was $XXX $X.X billion per the the quarter for income Net million profit share. or the $XXX compared was $XX.XX year fourth per million income for $XXX XXXX. the
mainly contributors offset war X.X% higher in result lubricant the in and of Russia-Ukraine to costs. new raw by prices, increased disruptions the decreased additives during primarily year, selling and to the as sanctions operating decreases decline due were For Shipments chain XXXX shipment. to Supply shipments. primary profit introduced a periods, material operating increase full due between was the the partially
million the $XXX $XXX $XX During to We a net shareholders million. with $XX the our million. and returned increased and at of expenditures of share sheet debt-to-EBITDA of Xx. ended balance We capital working with million year repurchases dividends year, healthy $XXX a million and funded capital through
we we comfortable in the to the As may net outside at maintaining that have range. before, range. times, stated are And debt-to-EBITDA go X.Xx Xx we
In expect million inflation years Accordingly, supply worldwide the chain XXXX, the X see is pandemic, we 'XX war. to capital the XXXX, useful COVID-XX investment these that $XX by factors, compare year to impact characterized last and to range. disruptions, results The been before we believe in the $XX unprecedented including full last factors. million have our of to it
in Petroleum for profit sales and XXXX shipments an XXXX Petroleum higher, XXXX. $XX additives operating higher margin XXXX was increase million an 'XX than higher XX.X% in was were additives versus of in than were XXXX, additives $XXX Petroleum XX%. XX.X% X% increase million operating of in in XXXX. over XXXX, X.X%
our by of the and X done many of past by through challenges our performance the in petroleum business the to team pleased XXXX are additives work navigate We the years.
and We our to we and for we serving While improvement, to by recovery are meet shown still our business their to efforts want remain needs employees growing dedicated that our to thank control Margin commitment cost XXXX. XXXX. into have continue will inflationary the our to priorities customers. throughout and supply to our expect chain issues customers' resolve environment challenged operating better rising costs
We to our continue for promote value long-term on to decisions objectives. remain and our shareholders customers, we focused make and long-term
all culture, business, chain a for be capability our world-class customer-focused we to will long-term view, product how in technology-driven fundamentals supply offerings continue the believe solutions, our safety-first stakeholders. beneficial We run and
Ali, that comments. concludes planned our
e-mail via questions for phone. by We are or available
free feel the contact next all me to quarter. to talk we Thank you directly. please and So again, will you
