thanks for and afternoon. me Ali, you, to joining everyone this Thank
cause differ a statements are our forward-looking. filings, may could the some contained Relevant Form XX-K. including results during that As release of SEC call in made our reminder, and forward-looking from materially those this earnings conference factors our actual statements recent to in be most
can measures be financial call, will measures to operations the We take time on XX-Q comparable non-GAAP earnings significantly Please on also included company. financial GAAP this contains in I morning. the non-GAAP more to our The the details measures. It our this review includes During our of performance and release, filed website, it. the which found our of a release. earnings discuss reconciliation financial
or that to referring I night's a release. Net will be or last year. income was the net share the of a earnings to $XX.XX included last million million share $XX for $X.XX income first compared quarter in was data $XX
all $XX increased net to fuel Petroleum increase compared of mainly were of foreign except shipments decreased months small XXXX in across and the fuel an period North Sales X to rates. partially by XXXX a first decreases offset XX% shipments. America, million, reported in increase changes currency regions, X%. periods increased and decreased shipments for the due or additive with million in which between Shipments both $XXX additive in additives selling lubricant for $XXX prices, sales same million, additives
offset the $XX for mainly higher and of The raw Petroleum and of costs lower with even million the first partially shipments. the increased compared additives material by was to the quarter million for Shipments about $XXX are increase to operating prices, for profit was quarter selling operating XXXX. quarter due XXXX. quarter first fourth
destocking. slowdown been expectations due lower over our economic last customer few general have and to quarters Shipments than the
wide our some demand couple oil seen all restocking. future patterns destocking of While swings significantly. past we in does customer movements price years, Supply about rapid over expectations products vary and have and to the contribute use order pricing can of not end and customer the disruptions,
to expect range low the we and to our our is reminder, in overall growth exceed rates. market a grow goal annually As single-digit that
During through the quarter, dividends funded $XX million our million $XX and to we share shareholders capital $XX returned $XX of of of expenditures repurchases million million. and
with we X.Xx quarter periods We continue within This ratio norm. have to but range are low of normal at outside there to end leverage Xx may stated of the our operate X.Xx. debt-to-EBITDA with we be is net our when
our million We of capital investments $XX see some $XX the the is this our than operational lower to timing expect year. to of our previous range in This due range to million slightly products.
of our movement is encouraged our are in for the below by long-term range being XXXX, We last expectations. After sequential profit past operating which March XX.X%, XX, petroleum end historical for margin of quarters quarters, was the our the additives for X quarters. ended rolling at X the lower operating the the X norms our
priorities. the cost years. several concern supply have Inflation a industry recovery seen high continues over be chain have in which and the and our We the improvements and company past impacted remain will margin to petrochemical disruptions, control
me offerings today. world-class stakeholders. product culture, safety-first capability, call for focused you our for run view, to our long-term continue promote how be we We customer-focused a and supply technology-driven customers, our to will fundamentals Thank of make objectives. We continue chain our shareholders joining beneficial for solutions, to business, on believe remain and decisions and long-term all we a for the long-term value the
concludes planned our that comments. Ali,
for e-mail via questions available phone. by or are We
will talk next we me contact again, quarter. to free feel please to Thank So you and all directly. you
