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
details During this the measures found release, in included the on earnings also our earnings The a can non-GAAP non-GAAP It reconciliation on financial release. measures. operations of We our contains financial the significantly our to our morning. which I more call, will of time comparable discuss GAAP performance be measures take to website, includes the it. XX-Q and financial filed Please this company. review
compared the operating The due operating and million quarter $XXX lower of be for earnings XXXX. $XX.XX million, last sales in third compared quarter petroleum or third XXXX in costs, to operating in to period for mainly offset referring XXXX to million of the same year. that data $XX.XX last $XXX per will share, additives for selling third release. was income or were for the quarter night's partially additives income $XXX same prices. profit of Petroleum million, compared profit of million material XXXX. was lower increase $XXX additives included the million period $XXX to Petroleum quarter of to the XXXX was was I Net net per $XXX the third raw for share, for the by
remain additives X our of business petroleum pleased during performance first with months of We the XXXX. strong the
and segment. the portfolio throughout margin management. materials We since report results of of our profitability favorable will in our XXXX. results completed our ongoing AMPAC, financial XX, Managing inventory acquisition date XXXX. January see American the We on of cost, priorities specialty to of Pacific on focus continue the the We business remain our AMPAC operating our Corp., acquisition levels our
third third reflect for the million. XXXX million and of finished results X months quarter X XXXX. profit of first million The the first and sales acquired of materials for at sale months materials the goods for $XXX closing. quarter XXXX XXXX X inventory of $XX specialty first operating the AMPAC Specialty quarter third $XX that were were we months and Materials Specialty
The inventory acquisition X on at first sold and months the no recorded acquired of margin. generating XXXX, was fair the value during date was
with We full expect we nature quarterly variation substantial to see and preacquisition our the consistent results for in its year AMPAC anticipate to business, results expectations. XXXX be due to of
strong $XX produced We the Our capital dividends flows cash operations paid funded of expenditures quarter. $XX during million of and million.
the million net on we credit have facility. made $XXX of acquisition, payments AMPAC revolving our Since
ratio As X.X range debt-to-EBITDA of X. XX, which target X.X, September to net was our of XXXX, operating below slightly is our
million expect capital we XXXX, For $XX the expenditures $XX to in million to range. see
We want of and in welcoming integrating hard AMPAC to family our thank dedicated our work employees companies. their into for
business, our for product value to We run focused Our to long-term world-class our and fundamentals promote long-term customer-focused team objectives. to remain supply all safety-first be offerings shareholders make stakeholders. beneficial solutions, and continue customers view, will culture, the how a of long-term for on and chain technology-driven believe continues our capability, decisions our we
today. Thank for joining comments. Kelly, you call me for concludes planned the that our
phone. are e-mail or by We for questions available via
all talk again, next to feel and quarter. free we me you will directly. to please So contact you Thank
