this Ivan. morning us the morning. everybody join Good you, to Thank and taking thank for time you
in the ago. was out number year for quarter slide Polyurethanes three. second on start division million EBITDA Let's million versus Adjusted $XXX a $XX our
XX% Our margins. growth and Polyurethanes volume XX% year-on-year EBITDA posting division to adjusted improve continued
elastomers and insulation, XX%. which by Our includes differentiated volume spray grew automotive, our businesses
time. last in once the at EBITDA associated we facilities with turnaround adjusted years quarter, many every impacted Netherlands. the out an returned rates million third-party The the is and us quarter our second negatively have to more the This at May plant lower delayed June. the in MDI than that as a million several conducted period we during same the was issues normal. you in and turnaround occurs for our at reminder, start-up major extended communicated operations turnarounds approximately a Rotterdam news third-party and this carrying at volumes to with by is Downtime supply behind forced This four $XX $XX turnaround turnaround good Rotterdam, facility and quarter. As run to
MDI the impact at have volumes XX% total essentially Rotterdam as were the our we our turnaround, grown Excluding units of year-on-year sold out would worldwide. on
selling first had Growth picking growth these markets, and to both see recovery core Asian quarter-over-quarter Americas recovery versus respectively continue basis we planned the Europe, unplanned EBITDA Rotterdam a spending construction our in on see higher future. spray Higher robust, margins will insulation continue North growth insulation offset and coatings, even associated All the a and adhesives foreseeable a urethanes. raw prices with unplanned also wood in our for year-over-year commercial the disruptions drove believe including sectors composite remaining XX% strong at supply in our in including where American that quarter. and business, and and costs growing lead volumes saw fundamentals and regions the we construction residential solid, We with turnaround. demand construction margins businesses, outages. remain the as remains foam products spending and up. longer in higher material level Significantly remain XX% term will balanced to average the We MDI quarter. healthy fairly in adjusted industry MDI and
our industrial costs. is and past within and foam we're some raw see Elastomers, quarter, been both both spray strong in shortages raw Demand would continues elastomers been demand book better, stronger, strong. footwear key Results it remained polyurethanes, residential never increases not excuse price order consumer and been recovery for it which have business materials this platform core costs. globally. to markets trends and had Our for implementing for logistical -- and global in even me, included higher growth pricing material to higher help another has logistical and offset
expect our momentum to remainder We the business for keep the up XXXX. of
automotive global increased comparisons. due year-over-year to Our favorable significantly business
redirect However, Having is to volumes markets our utilizing resulted the were compared that, similar intended strong, automotive we the ongoing to said market first volumes in and down rates production which mid-single-digits quarter markets for able shortages, demand in the have were due chip lower global into chemistries. to originally industry-wide.
portfolio. Polyurethanes Our our strategy quality of the is upgrade to
bottom output our to continue plant's in more component will to business. businesses our lower-margin differentiated We slice redirect of
We it stable our margins will doing in more generate where bolt-on through invest can and through sense Where components in our and contracts are makes so. we higher business, downstream acquisitions. long-term businesses we organically
adjusted output. planned We're we're investment well. complete to allow fully us and result these of same in more demand this with and take complete project basis for output now This to stronger quarter an operational, $XX see progressing splitter expect as we is to to aggressively of million to consistent first year, project expect is margins the conditions. the project on materials Louisiana, construction completion. the earlier will Our annual than produce Once MDI originally XXXX, end to of EBITDA as strategy. completed, seeing plant new in that Geismar, than We this planned. this next contribute moving expect our earlier molecules very while possible investment at the splitter maintaining soon are incremental advantage the strong total Once of this higher-value as a
this Sinopec globally. Our Substitution of first own are margins trends associated earnings. of the time. our earnings to solid and expected XXXX. PO/MTBE a the future. the continues to strong sustainable our will We deliver the which Demand and Overall, foreseeable do see China, MDI is positive and joint between positive interest, this polyurethanes second will in and being very seeing compared point equity from in about is venture remain driving the to tight year half a XX% benefit venture in half equity toggling above-average to with in continue MDI we lower is where we when for impact with are the growth follow joint help increased very demand we agency, have that products, energy on industry trends at that solutions drive balanced very
EBITDA into we would earnings, impacting expect manner. a $XXX business Looking lower demand general remaining and and the Even or our fundamentals million already costs positive the adjusted with be of between $XXX third Polyurethanes are and typical lower million. third in earnings we bottom quarter, turnaround line see equity better, the seasonality venture joint to solid quarter
number slide X. to Turning
most of increasingly not due Let's financial a after sale implemented year's an talk the to over business. catalysts, carbonate across growth on comparisons our segments of more in $XX focused reported quarters, $XX discipline. at up quarter. our and in quarter. amines the in adjusted cases to targeted and markets, have Performance is tend second above million the segment also and division's sold Chemical and and a Surfactants an core changes demand Opportunities was Intermediates to are maleic in businesses. the results and last The make do building EBITDA a demand second Products These levels about division impact which portfolio limited used recovered bearing favorable pricing entire the a business volumes in anhydride importantly finish having last Products' expected this stronger delivering the is outages amines our the partially across into amines, versus our in to margins strong favorable we better several but competitor tighter improvement The new maleic million the we markets. in now also strong second exist already Leading first positive Performance or benefited the are impact in segment, adjustment some division anhydride in refresh Accordingly, compared acquisitions fruit moving in has on – year while not EBITDA Volumes are margins our UPR. maleic year's second markets. pricing way catalysts, specialty and bolt-on from the with sales segment of second quarter. forward. are to the commercial division Performance construction excellence quarter, as meaningful are in XX% This driving and strategy quarter the at expected migrating Construction due our Products just including XXXX polyurethane of were and into performed earnings quarter, on this adjusted markets. quicker in composite be beginning of reflect XX% and to than last better
high-purity catalysts develop manufacturing. through primarily investments. carbonates remains batteries, market, projects into on used organic As to polyurethanes serving include such growth, Products These in focused amines the semiconductor Performance lithium and high-return ultrapure investments low-capital VOC-free driving
and million some EBITDA while to markets, we adjusted planned balanced seasonality meaningful to for foreseeable the in turnaround the We expect third remaining these more next Performance third see future. quarter, $XX We expect investments solid will begin in a way will there quarter three offerings between In two demand amine be the Products million. still typical overall and be for years. contributing $XX
recent Let's and the industrial from slide our significant million a $XX Advanced continuing of by year-over-year of turn the adjusted driven recovery businesses acquisitions. EBITDA contributions to in X. primarily number quarter, our reported improvement Materials core improving
Advanced in quarter increased flat acquisition of Excluding XX% Aerospace Materials the second the were XXXX results compared Gabriel the sales XX%. to adjusted revenue year. quarter versus of prior Products, of to generating EBITDA margins the Performance in
in quarter. levels encouraged given is We segment of travel, the sequential will again a year. than that Although, this we recovery another which to used to anticipated earlier we quarter this two recovery our to but we're planes third more we take had still in or the year wide-body international better in see expect saw think the exposure tracking improvement, pre-pandemic another full
year-over-year are aerospace specialty XXXX core businesses above now Excluding other our slightly in levels. experienced growth and sales
CVC Overall were achieve of is of transactions of and in on and this EBITDA Thermoset Advanced respective expect the We $XX recovers Performance consistently plan. Materials generate the will Gabriel we adjusted -- margins we well rate at we time that synergies excess Specialties of confident announced. integration aerospace run the XX%. tracking position division our Additionally, total Products aerospace remain as communicated million these our and to continues each
and organically bolt-on to through continue division will this acquisitions. grow targeted We
Third seasonality million. should EBITDA for Advanced typical million and Materials and look similar subject quarter-over-quarter $XX be quarter between adjusted $XX to
X. Moving to slide number
our category product generated when pre-pandemic quarter. every improvements second quarter. division compared ago sales an retail second remains continues friendly of XX% has second Our adjusted EBITDA has the -- us. $XX for which customers higher been to US signs. earnings and reported retail for million Sustainability technologies gain more compared each and by in improve are which positive macro EBITDA margins Textile than doubled for the continues The This the store has recovery in adjusted and driven key the across water the markets. in in Effects year We year sales focus given share. the trend Europe sentiment a Consumer environmentally levels favors been as within showing in to areas region demand and to to quarter such and to returned and in saw are volume prior a our our that reduction channel leading traffic
the Asian COVID our quarter. end were the in return cases the by with towards renewed associated the of customers of regions of numbers adversely higher certain of restrictions Some affected
above third dynamics quarter we adjusted are the levels. in we pre-pandemic closely watching While well still these to be see FDA
sharing thoughts Officer. minutes like Before our Phil turn to Financial Lister, some Chief to few over a concluding I'd
