Thanks, Kevin everyone. and morning, good
Turning I results the Polymer will for segment. to X, slide our third review quarter
and the The $XXX.X XXXX. $XX.X Polymer quarter segment this third third million revenue the million of down or quarter for XX.X% was was XXXX compared to
Overall XXXX. of reflects to average the and $X.X million revenue for Polymer The currency the with decrease offsetting also cost revenue sales associated lower down lower segment largely volume average sold. lower raw of goods the material decrease XX% The sales negative of was accounts of third quarter costs. prices selling albeit, effect for compared
into applications. on quarter growth with to trend surgical due sales XXXX. in Cariflex increase of compared the third quarter up volume glove higher largely the long-term XX% was The remained its to sales
down Specialty third Polymers compared XXXX. XX.X% quarter of volume to the was sales
with in sales significant applications lubricant a than inventory management undertaken third program additive by quarter associated the the were anticipated lower of customer. into XXXX As
has more as significant sales On lubricant the XXXX. third a in of third XXXX of of impact year-to-date quarter relative a impact the basis, overall additive sales in with expected quarter the been to
and associated market of a deterioration the Asia, of demand As quarter impact further in tariffs. Kevin negotiations and we third China broader the trade said, ongoing during saw with
demand In notably. weakened in addition, Europe
particularly on automotive upon comparable data is figure. a demand key weaker consumer and The in XX% compounding basis China and was outlets automotive market as are by durables. serve down sales down available year-to-date such which in evident markets over Based production
German include into is with auto nine the X% over down while U.S. of X% production immune would China. negative U.S. are sales year. of the months of are trucks down this exports slightly is is for market not first up The cars down automobile and exports XX% sales Sales overall passenger either. and light
HSBC of America HSBC sales driven innovation grades by North Our year of higher and medical polymers. were up sales compared in quarter third of to last the XX% grades
compared markets. sales X.X% quarter of North was XXXX, and volume to sales the in and down European paving lower applications third due primarily American core Products roofing our to Performance into
nothing fundamentally roofing paving In of has and our project in changed global terms markets pent-up demand in view scope. and
high of quarter. However, customers which quarter activity carried the given unfavorable third second impacted the adversely inventories XXXX, in sales product into weather
high And product the in from while with more favorable contributed availability industry weather intensified ample effect during to competitive participants was customer the quarter. inventories the during quarter, conjunctions of third dynamics
XXXX. weather impacted have and compared Australia the been XX% Sales and into Japan not paving roofing including quarter Latin were to and up of adverse third markets by America, non-core
quarter Given $X.X in $XX.X quarter XX.X% the XXXX. third adjusted EBITDA of million sales the Polymer of the was down or compared impact volume, lower third million segment overall to
quarter quarter per in ton Adjusted per was in of third third the gross XXXX. XXXX versus $XXX ton the profit of $XXX
function However, improved improvement EBITDA XX.X% Polymer adjusted the up of was year. by quarter the a to and basis margin quarter XXX product costs, third was segment largely the The third SG&A. in compared for last points margins lower unit of primarily
segment. Polymer results year-to-date to the for Turning
months me. down XXXX first For the – the $XXX.X or ended Polymer segment nine forgive was nine $XXX.X revenue XX.X% September XX, XXXX XXXX of million versus months million,
are volume the third and raw in those quarter, average to costs. similar revenue lower prices sales decrease associated the material with of Drivers selling lower namely
$XX.X currency million large the with addition, decrease of the in of albeit negative offset impact a In revenue of sales. for cost accounts
On on higher additive of a compared sales versus glove earlier. of first to volume Sales as months Polymer of months was indicated applications, Cariflex into lubricant first XX.X% a while lower was surgical basis, X.X% nine sales specialty nine up Polymer down applications last segment the year sales was into the XXXX. sales XX.X% on a I year-to-date volume down
a sales volume Products sales and Europe America in was demand HSBC X.X%. North year-to-date Year-to-date, basis down Asia offset. lower in with on innovation-based Performance China, partial was addition broader serving In as a
in While paving paving non-core and weather lower significant XX% into American where markets, and volume impact not core sales of SBS roofing in negatively North adverse a did application demand. conditions European up and was roofing was our driver markets
of sales adhesive lower grades America had North SIS Europe. also and both in applications into We
Specialty Cariflex million, $XXX.X Polymers, or September by For XXXX XX, the the EBITDA volume. down sales volume Performance lower growth nine in due Polymer in partially ended million, Products primarily to XX.X% X.X% $XX.X offset was segment and months adjusted
of As and average with period basis were unit margins adjusted quarter the comparable XXX the third XX.X%. last improved points the than by margin year Polymer EBITDA to higher segment in
year-to-date adjusted XXXX. for of ton line per nine we on reported first per $X,XXX Lastly, with basis was largely profit of gross a $X,XXX ton months in the
X pricing review million, quarter for was results. the Chemicals The revenue move upgrades. of reflects in now lower I'll our third the XXXX $XXX.X quarter volume segment decrease million lower for on third TOR down to XXXX. to million $XXX.X and a compared sales revenue $XX.X slide of of segment Chemicals for
The of to Chemicals accounts compared million sales $X.X currency effects In third decrease. segment addition, volume was of for the XX.X% revenue of quarter the XXXX. down negative
was was While field into and for and lower lower sales TOR TOFA as market volume sales Chemicals for such down oil volume of applications, X.X%, Performance upgrades demand reflecting the end up Tires XX%, mining.
of fundamentals was in pressured lower in adhesive available rosin business pricing adhesive the readily and margins rosin hydrocarbon-based applications. weakening the third tackifiers Asia in due XX% our For from further drop upgrades third business. largely in this continued with The to marking and global X.X% CX road our down pressure overall adhesive gum quarter a and demand compared of into was quarter and sales volume
second also We linked of drop chain XXXX as to Crude prices, materially Turpentine this were in with a of pricing which saw compared XX% impacted gum is the market quarter somewhat products Sulfate our applications. and significant turpentine pricing down upgraded in
As basis reflects XX.X%. XX.X% was of impact margin XXXX, third was higher product quarter for adjusted the the material EBITDA XXX lower and third adjusted segment EBITDA decrease $XX.X a upgraded result, of Chemicals This raw quarter the the streams of and over down for to or points costs. sales down compared segment million, the
the as $XX.X end currency first well impact, ended pricing was or volume as decline which rosin September in segment is a of XX, of XXXX. months $XXX.X The sales. principally million, function of down nine lower was the Chemicals of XXXX in cost markets and largely million X.X% million to months compared revenue for $XX.X lower sales nine offset
X.X% up the our months of to was overall sales expanded the leverage demand first and plant Asian volume versus volume down at Year-to-date we was -- trans enhancement continue agent our X.X%. products. Tires capacity solid XXXX, for as nine York New tread market
down markets was XXXX, mining was volume applications, adhesive costs given and sales particularly faced period half XX.X% minority the some of of TOFA year, lower compared this lower in Chemicals due in in poor material oil and of field a and opportunistic part the comparable we to limitations of sales due raw This and Performance overall to to upgrades from lower the constraints in sales XXXX. first TOFA supplier. CTO into nine the ink demand in months'
nine volume was lower where ongoing CX alternative tackifiers weak from The months first sales We reflects unit hydrocarbon-based business volume pricing. to into also market sales our the XXXX. of down relatively adhesive and weaker rosin gum conditions, pressure decline X.X% compared saw
product in result of as As downtime of a sales by City first streams was lower Florida impacted adversely reminder, following the rates half production Hurricane at Michael. a Panama our upgraded of XXXX volume site
nine On the first EBITDA was to associated or margin with of a of segment $X.X year-to-date an million, compared last Chemicals down months year X.X% million adjusted XX.X%. basis, for $XXX.X the
margin for EBITDA Adjusting Panama as months with for margin lost for outage, last compared during adjusted site nine our the XX.X% have XXXX the associated first production same XX.X%, would City year. period the the revenue in been of hurricane-related to the
currency. covered X, Turning results million changes results consolidated the in negative $X.X revenue the for from foreign segment to impact due on aggregate was to sales slide million, million in I down volume an lower quarter $XXX.X factors including and consolidated $XX.X third other
quarter The adjusted third revenue, XX% million EBITDA $XX.X to the or consolidated of quarter third reported $XX.X $XX.X compared down was million the consolidated million XXXX. XXXX in of
adjusted shares $X.XX quarter $X.XX to this EPS and Third per share third quarter of $X.XX was for down was XX% per the diluted or the diluted XXXX. compared
compared million XXXX, XX, consolidated months down the the to first XXXX. billion, September $X.X months For revenue ended the was nine $X.XX nine $XXX for billion of
lower prices with the in costs rosin significant lower segment. and volume was segment revenue outlined the a Chemicals lower selling pricing in commentary, in along driver sales our raw lower average cost of As with material decrease our segment Polymer higher in the material raw and impact associated
$XX In addition, currency accounted the million revenue foreign negative of decrease. the for effect of overall
months million nine million September in adjusted XXXX, million, was $XXX.X down ended the For $XXX.X consolidated $XX.X the compared to EBITDA XXXX. XX,
months was for XX.X% to comparable Year-to-date, XXXX. of XXXX, associated the XX.X% This was margin hurricane-related period adjusted And first adjusting for lost outage nine the $X.XX the of EBITDA earlier in XX.X% margin compared or to year. XX.X% EPS in last year. City $X.XX nine for Panama $X.XX, adjusted consolidated the with this in or months revenue first compares up the
assumptions. our provides year customary X full update of Slide
noted, and gum have had conjunction rosin decreases on gum turpentine with the demand impact notable in weakening of broader a in prices third Europe quarter China, results. Asia, and we in significant As
we expect of Unfortunately, the market the these not conditions in do for improvement remainder year.
As the we expect of a guidance XXXX in million $XXX our $XXX therefore, of that to result, range low EBITDA to XX% our be to prior adjusted XX% full end the million. below now and year
reduce implied $XXX consolidated to reduce million, do and debt we year debt share lower repurchase our to net EBITDA adjusted the by activity currency will While for authorization. the million available effect cash for expect foreign of under excluding reductions, $XXX
continue the foreign $XX.X generate a cash. Slide to of quarter, the net we reduced for net Despite in turning results excluding a by effect consolidated operating or Now to million consolidated million third look We debt X at debt. $XX.X challenging currency.
In we million an repurchased of the have addition $X additional shares during quarter.
back to the his now closing will for comments. call turn Kevin I
