Thank you, Matthew, 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
XX-Q $XXX During the X% to comparing business. mainly was approximately lower of period due the petroleum performance a quarter share compared to or additives $XXX well measures.
We shipments, XXXX.
We're of this the operations and to measures costs prices.
Shipments found morning. release, second million of in to in compared profit share the for measures company. in of the included second to quarter for of the release.
Net as this included selling for the on on operating earnings income net million million the time net that also the strong filed our last earnings The GAAP as to with when The was and second review the a $XXX can $XXX to for non-GAAP quarter additives compared data profit increased I XXXX non-GAAP performance significantly reconciliation in period $XX.XX release. the of increased $XXX was operating same or financial referring contains our lower pleased Petroleum be were our $XX.XX for million which $XXX raw of our Please earnings additives night's quarter more I material call, income sales will a will the XXXX. million take same our discuss be of by financial year. website, comparable It last increase was partially with it. includes financial details second the quarter offset million XXXX XXXX.
Petroleum
were XXXX. portfolio of profitability of acquisition for are favorable The the American the sales management. million or million costs, Specialty for quarter second sale for on $XX Corporation, XXXX.
We XXXX.
The materials Specialty throughout million. of the loss of of reflect inventory results will operating financial XX, margin our $X second materials completed AMPAC specialty quarter quarter first was business to profit since the the XXXX a the compared Managing $X our remain materials materials of the XXXX first recorded margin. goods ongoing our sold January acquisition results finished fair results our our seeing closing. when levels acquired inventory are operating inventory was segment. date, included value specialty our and and AMPAC priorities during in This half of the We AMPAC, date that at of XXXX, at of generated the of acquisition we focus no on Pacific on
the during will be inventory and credit revolving to million nature quarter capital operations we with million pre-acquisition expectations.
We XXXX.
We substantial We sold facility. $XX of of payments paid ] the results results of of this variation to and expect our business, see of anticipate be consistent XXXX remaining to full AMPAC in the we its year due quarterly any third for during we cash quarter. $XX $XXX million. the We on of ] we generated [ AMPAC have funded solid from our dividends flows acquisition, expenditures made Since [
to As our Xx. within debt-to-EBITDA June range which net target of XXXX, is XX, X.X, was ratio our X.X of
For our We range. $XX $XX in million XXXX, expenditures strength anticipate million in to expect the to additives continued segment. capital we petroleum see
new of the also integration of AMPAC forward to family market We companies. ongoing look into the
we for you business, for be the long-term to and offerings view, technology-driven objectives. today. We to product Matthew, chain fundamentals our supply we solutions, beneficial We and long-term capability continue world-class on stakeholders.
Thank planned will the a how make our that concludes me comments. our run customer-focused promote safety-first to joining for and call a culture, continue value all for remain focused our and decisions shareholders customers, believe our long-term
We me will are to via phone, Thank available for again, questions contact directly. free e-mail quarter. we talk and all you you next feel or so by please to
