and everyone Paul, this joining afternoon. thanks you, for to me Thank
some made most cause the call a SEC forward-looking of As reminder, in contained statements XX-K. differ from forward-looking. our factors statements are to including may Relevant during Form that results could our actual filings, materially those recent be conference this
the in our included this During financial non-GAAP call, I will measures release. also discuss earnings
significantly and financial I Please contains reconciliation will company. on measures can last be that more it. found our to take of referring in details The financial release. data the the a the We this performance of earnings be non-GAAP review the was earnings operations our time to which release, measures. included to website on our night's GAAP comparable XX-Q includes filed morning. It
selling million for and the income to million $XXX to first year. income a of million XXXX period were Petroleum of $XXX XXXX. operating first $XXX prices million for the or to material $XXX and X XXXX first $XX was raw same lower offset quarter the $XX.XX XXXX. was lower quarter share million product million partially in Net profit quarter for The of by net of $XXX for the first compared $XX.XX additives sales first due to or the or share was months quarter for for additives increase Petroleum the compared compared mainly costs operating a last mix.
It petroleum strong decrease pleased shipments across America, over except the fuel in million. America, shipments. additives quarterly increases fuel additive profit $XXX both is quarter additives which XXXX. in sixth in additive of X% of In our additive decrease We're with quarter Latin between consecutive operating during the first with reported business North a the increased Shipments regions shipments. performance lubricant which lubricant periods, reported a with all and
efforts to taking control our evidence seeing are hold. are operating that We costs
XXXX, investment our on inventory costs, our of million. We levels continuing while for January our technology managing AMPAC, in remain Corporation, acquisition XXXX, operating XX, priorities. and $XXX Throughout approximately or Pacific the our will American portfolio profitability completed
of AMPAC million, Our acquisition first are financial first The included and materials days reported in loss recorded inventory goods XX business results of of Specialty materials Specialty our finished operations. our operating This primarily results we AMPAC XXXX quarter sales from of million. first acquired. inventory the market include sale $XX.X were an $X new quarter at segment. quarter no loss of was The generating margin. so results date we and on the fair the value AMPAC for
to variation AMPAC hand our the substantial to acquisition expenditures our the paid our We consistent results and and The pre-acquisition was of credit on borrowings on by we nature capital funded approved quarterly February, In $XX facility. expectations. our million. dividend then ongoing an of anticipate basis approximately be $XX rate. and full see in under AMPAC dividends may in quarter. year existing XX% of flows increase of million, our We an with million cash of $XXX revolving we quarterly due solid generated results during cash business, operations the We for from funded board
a On credit $XXX revolving facility XX, and unsecured $XXX that facility January we million loan. XXXX, new a term with replaced million into entered
new our strength market companies. Debt is of We XX, was target our of ratio XXXX, We anticipate AMPAC look X.X, forward petroleum X.X family the within Net into continued range EBITDA in of March to to segment. additives to X.X. our integration of operating As which the
quality in on focused customer the to service. both new with meet providing their customers, and technology products we will long-term and needs, top our team, relationships remain a now As maintaining future developing and
continue for fundamentals We the product me supply believe beneficial offerings you for call a capability today. we of a stakeholders. and solutions, joining will Thank all customer-focused safety-first be world-class our chain technology-driven run how view, the to long-term culture, for business, our
comments. concludes that planned our Paul,
for e-mail phone. via or We are available by questions
free to contact directly. feel again, we all next to you and you talk please So me Thank quarter. will
