Thank you, Kelly, and thanks to everyone for joining me this afternoon.
As a reminder, some of the statements made during this conference call may be forward-looking.
our cause are to release contained our filings, could those materially and that XX-K. SEC statements Form forward-looking in including factors actual differ results from in Relevant recent most our earnings
to our During million $XXX measures. third Please this the except measures to the down found this additive in compared additive in release, to details in while $XX.XX additive measures XX-Q were shipments. income in included time included the Europe Petroleum in on reviewing lubricant that Petroleum earnings operating $XXX the the between third a quarter of to also lower prices, $XX of will were reported be We regions net our as was earnings raw the for GAAP for except increase mainly The lower a $X.XX same year. can or XXXX million period decreases to last X%, profit company. was additives $XX non-GAAP the third America, was non-GAAP and higher periods -- shipments decreases including in additives and contains down $XXX were offset reconciliation referring release. shipments due well by fuel million, third in for selling of profit last all take fuel quarterly sales release.
Net lubricant and financial costs. the It our a which comparing XXXX. significantly the quarter to I the call, on or it. may than the XXXX, both filed regions material $XXX all is as year last for same performance discuss be XXXX of profit which favorable quarter the financial website compared shipments. operating earnings our share of Shipments comparable million of costs, data quarter morning. includes North financial higher more review operating share to partially million.
The period mix operating night's with When million I additive was quarter income operations
Our quarters impacted weakness is and global the last been shipments the affecting overall have rationalization by chemical several inventory industry. economic the that
inflationary continue the environment our impacting costs. including material We and raw be challenged to us, operating by
operating pleased customer managing our during levels continue During technology this low we We third cash with costs, focused of very to business XXXX. in period, quarter the inventory on our during generated portfolio.
Overall, solid strong our our we're the leverage. performance have quarter our operate with flows the as well and remained investment additives of controlling continuing and as petroleum
$XX payments dividends we working of $XX improved paid of Our credit by million, million and capital made on $XXX our revolving we million facility.
operating stakeholders.
Thank our run was be Xx company, We and beneficial and customer-focused appreciate the our me September to believe satisfying success all for continue people you product of XXXX.
We planned as over the support. call first value safety solid a Our a technology-driven joining We results will at solutions, focused long-term view, XX, XXXX, concludes net including capability and shareholders, debt-to-EBITDA fundamentals X.Xx of of end and customer business, needs, we how our of long-term improvement today. reported for remain chain employees. Kelly, comments. offerings the promoting customers greatest our on the world-class long-term we culture, for supply your our the that a emphasis generating for on significant our
e-mail via or phone. are We by questions available for
you contact talk to will you next to free please So directly. again, quarter. we feel all Thank me and
