Thank morning Ivan. taking everyone. us. Good to you join much, the very Thank you time for
$XXX $XXX Adjusted three. versus number the our was Polyurethanes quarter for ago. slide EBITDA to turn Let's of million the in third million year division
had would Geismar, in primarily Total X% it have Hurricane third total Louisiana increase margins. volume EBITDA increased volumes been our Our quarter. year-on-year the disrupting for was -- and X% growth a operations result not Polyurethanes X% of Ida business increased improved have
adhesive by X% by the businesses. and Our and elastomers our insulation, differentiated led including spray foam volumes quarter, increased in
remain markets, wood polyurethanes. spray strong markets construction These insulation to our products including foam and composite the North construction coatings continue The and spending. solid see and includes insulation, residential for be business. core commercial adhesives as American we Our strongest businesses
demand Our our Huntsman for the share Building foam to of that Solutions we and the HBS gains. business margins very prior ahead strong to implemented to look backlog to were it book combined contributing with exceed remains add above on organic quarter internationally raw strong. $XXX are gain helping XXXX, bolt-on our continues revenues benefit The higher XX%. and order to feasible. prices approaching challenges. track this year spray We The expectations. price and efforts market from million for with costs logistical positive material to to we'll when our during and well and continue Further, and offset acquisitions remain momentum and platform, about expand is of investments increases
to This elastomers, and for continues implementing headwinds offset globally. business, in pressuring the core raw includes is Our growth platform it is strong which trends increases and Polyurethanes price costs platform that recovery margins. supply global chain another are our footwear see to materials globally
out, global are issues automotive the these hindered that will eventually resolved. globally could once low supply shortages production We drive production. automotive is for by chip-related worked business and believe several quarters the demand that reducing be that Our chain underlying challenges inventories rates strong being higher are
margins. were into of the markets demand is market able other upgrade similar to quality strategy global and originally automotive utilizing portfolio. our markets strong, Polyurethanes' intended Fortunately, our we our and redirect in for is to volumes formulations
business. plants' will slice lower-margin more We our and continue our of redirect to businesses component differentiated to bottom output
we through so. our organically our downstream in where are bolt-on component long-term in more and Where doing through it invest makes higher business, acquisitions. businesses and sense will margins we generate We can stable contracts
in adjusted the margins. in $XX capacity, on in to splitter it drive incremental fully and overall downstream of start our contribute at and quarter helping This increasing strategy, Our this million second growth up XXXX will EBITDA investment selling consistent XXXX. with annualized is operational an in project Geismar, once Louisiana and will basis
Our a interest, driving from and benefit above-average to with own where earnings. equity XX% joint in margins above-normalized we China, continues venture PO/MTBE is Sinopec
quarter, As of the we year. equity earnings said contribution lower last the the versus be first half will second half in this
expect We to by third be to fourth $XX the the quarter lower million between million. quarter than $XX
particularly our remain added, hobbled capacity countries continues to MDI Globally, and unprecedented Asia remain industry with America strong. than rates and North MDI GDP. grapple be fundamentals at underlying global Limited energy the Europe. and grow COVID will high many costs, economies and markets in Europe While demand by of higher
of less generate Our and MDI formulations. volatile less earning to downstream pull-through capital-intensive, will higher allow MDI us
not said in is value-added this necessarily the MDI. I've more higher but past, about MDI As
the between construction be Polyurethanes fourth fourth EBITDA solid. except we adjusted and into $XXX quarter. demand of in our quarter general would for joint remaining million typical quarter, and in to our markets fundamentals see $XXX for our seasonality markets we venture the equity most Looking earnings, expect automotive, million fourth The core lower
fundamentals lubricants having raw adhesives, costs on and Let's higher to initiatives, volumes coatings turn the maleic in headwinds. $XXX cost Performance Positive pre-pandemic controls a segment helped commercial helping third to our for used EBITDA reported of impact demand adjusted levels and year's catalysts well. period. anhydrite also is good and higher Improvements quarter. in of excellence, demand our are into versus drive chain including most The have prior increased slide polyurethane markets UPR to sold amines number Volumes Products and the core million as in fuel profitability. four. pricing to XX% in Construction favorable offset material supply the are back and
focused benefiting sale conditions an the and sale, coming products, large increased businesses growth early our the amines, of favorable specialty improvements is the higher volumes is is the Prior on catalysts rates. to and market businesses commercial generating since in the the prioritized entire While plants significant moving certain carbonates two the and across focus on excellence are business volume value surfactant from remaining existing while This keep maleic including from of this and commodities quality over tightening Today, upstream amines division on running in the at targeted the driving focus XXXX. segment. business in to businesses, margins. the high anhydrite, utilization
will as we increase for vehicles, infrequent will As past, in downstream to Products. opportunities bolt-on acquisitions attractive be Inorganic and catalysts. stated polyurethane electronics, growth, the Performance look projects we markets inside, in to high-return spur we but in growth those such electric opportunities that are in investing tend
an Texas market. third the announced Conroe, expansion During of for we the specialty facility electronics at our quarter, amines semiconductor-grade
our an look new We our of and announced also Day. Petfurdo, catalysts forward highlighting this these site. to expansion We JEFFCAT's Hungary business investments at changed at Investor polyurethane upcoming
in seasonality we While to $XXX million. this some we expect typical Products fourth business. do the We Performance report see expect currently quarter adjusted $XX a solid fourth momentum to quarter, EBITDA million in of
$XX five. industrial to core Advanced in from last EBITDA of million businesses and quarter, our by reported third improving year's Materials in turn recent significantly aerospace demand slide quarter, Let's number acquisitions. above and contributions our the driven primarily
sales into and chain While higher-than-expected delayed improved be fall logistics year-over-year explained did fully expectations, some offset price resulted increases adjusted shortfall and EBITDA by materials improved our the not for the above. earnings by pre-pandemic this are that being that challenges were in costs supply Aerospace the as pre-pandemic of remain sales slightly result raw division are they which margins can that Further fourth me, in -- price steadily levels and increases levels, quarter. currently implemented, well above being excuse are we fourth not quarter. in below improving expect will short
adjusted improvements completed or underlying production, the which is XXXX. wide-body like in reminder, it EBITDA aircraft year's of our we XXXX. to And rates division Advanced of largest Materials to demand last track. intercontinental in production this to synergies years travel. industry last as overall in consistently aerospace will be that And is long-haul on margins of exposures million significant business' XX% The will five acquisitions prior a there had remain $XX confident the expect and tracking remain As the lag better, likely the We integration well. recover, for until division generate
this grow bolt-on through organically division targeted continue will acquisitions. We to
expect by prices. chains and fourth global in earnings this be seasonal to of a muted to combination slowdown typical challenged quarter due sales increases forthcoming supply caused year backlog We in rather order
result, to $XX between be and $XX fourth million expect we million. EBITDA a quarter adjusted As
number slide to six. Moving
Total Textile reported an division in pre-pandemic above Effects this quarter. EBITDA to are quarter X% back XXXX. Our are volumes, volumes to division of adjusted now by third which compared of specialty million the third for up driven the $XX levels,
winning are waste chain. share customers in well brands and products market as increase Our to reduce look for as the supply ways transparency our retailers with and specialty global
to expect leading grow. more make social to As and specialty sustainability our products and continue to would see meaningful these footprints, improve commitments their groups environmental we
Looking disruptions restrictions quarter, textile Asian our and in the continue towards in the core watch fourth to chain. supply increased we global markets for
help In in $XX offset raw supply year-over-year to EBITDA materials addition, and million costs. chain be adjusted increase we Nevertheless, $XX we rising to to to range. the expect are raising million prices and
few Officer. Before to Phil Chief like our a to some turn minutes over I'd concluding remarks, Financial Lister,
