the call. our largest of segment you, and everyone just dynamics, particular, of am about demand in welcome, Thank presentation. the on in Page discussion Tim, Papers. X I'll general I to the some with start supply and Graphic
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don't we clarify, just catalog year, for data. quarter On just want full have I mailings the here metrics, to first the
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these long-term supply continued to we have capacity Graphic trends structural for are real are occurred positive which changes going despite as Now erosion or go that occur. are recurring forward, to some obviously side demand there require management Papers, continuing
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the Slide X. So to turning page
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going on improves a made, bring expense room has Department amount. since hold to substantial now, couple term and waiting also up The $XX a is flow by since with the we loan and the come agreement on payment you, forward. producers the a reached one, $XXX liquidity. interest for we're our case. That show million ample until We that. did Commerce. combination things: from cash a loan million. payments excess will loan debt XXXX. of first But the right some X-K And some supercalendered voluntary we net term Allen have moves. We of term have the pretty an that the down Our we A more. trade down quarter, which pattern our end hear covenants of the Canadian That's we the additional an under end in by pretty a year. of very filed typical year that on We're good we agreement on as reduced outlook ruling the modestly fiscal but in the make We
we We AX up the announced short of ago. also machine conditions linerboard. of to we third commenced better And market than to up, track craft the we expect start just quarter. the conversion months a few at on project Androscoggin when the The when in the Mill the have start project's
away positioning. take you that number other obviously, you the momentum. with the we've to good wanted from just this improvements So a thing It's standpoint got see. But is not I momentum the from
all and in we So segments I for positioned think three in we're which very reasons. well different play
instance. specialty, take just for So
Point the Our to Mill Stevens will lines year, is have performing in It's And running XXX% we very well. specialty currently be that the specialty. this two dedicated Androscoggin business.
a linerboard way, so we'll seeing all in that. the in an entering the tremendous nice that feel And those to out into, diversity we We us will Packaging. using We're we concerned. of out. low-risk prove about growth. as have products Graphic. seven two dedicated good going money. business. specialty upside we of is mills is nice assets as So the Packaging market. It's spending a are not We're that it into for the thesis got far expanding amount have, applications
of good and environment leader, very confident like cash flows in that. this. the assets our have We're are an we'll We from
on So flipping X, strategy. next On to Slide page. the
the offset go. and supplier in more to ultimately to to of So anticipated erosion our But XX, going graphics we where space. various packaging being It's specialty in the will North XX% to committed continue happen adapt absolutely that's we preferred, products the our remain Number to revenue. the applications the American
the some tonnage Treadmill past, continue year percentage going of characterized So to as some a require we continued to it in continued holes revenue. management company. I've to decline, annual we build this of The going as some it's better a capacity investments, specialty Effect, to is of the continue every offset to in continued mix, as management fill this expand as business
because examples in innovative there people at look We in applications. other tangible label just of lot products companies, I'll mind, specialty continue specialty. different different make quick business, define in our truly And few that a to is of public packaging and ways. gain the you give share more you When our development a new, to through
include use wind on in the outside beautiful TV wine outside you where things the and So that label Aspect will for our the grades. printing boxes, liner see shipping would base thing, would for this the just you boxes. example are up grades like tape Tribute of release we applications like that an winds kind products that be of another be instance, boxes. glazed up It And prime seal tribute of up in that like where going application applications.
The way very of traditional XX, Andro lighter track different product. and all is start-up printing things very, So writing machine for from the at XXX,XXX of tons grades. on Number basis
We've us excellent conversion should is is places So how in diversification an linerboard. additional other and customer really initiative mills pace, as a in go us. But our we'll there an generally, overall bets XX in We Number got and how that. of allocation to make other insight we plans overall investment just machines the critical It capital projects. fourth the It's still into run important evaluation transformative-type of it profitable to forward. approach for transition of and the we gives interest our rate XX, scale machine for And XX in input an size, success real being ongoing other range this. the quarter. anticipate
are challenges There XXXX are So offsetting traction. price headwinds ahead. there are that in
that really best environment, So anything price is raw are inflationary is It's can us rising. costs increases. characterize – trying everybody it's really materials, sells way I a input generally to it get the where
expected pricing, decisions different make exact delivery that nagging than right conversations the term. difficult we a availability, particularly are and we of a record who Freight logistics maintenance problem. continuing on with We're thing. be longer and lot our terms are. That's word, problem ton. of the industries, than of So, is same They've make all been amounts dependent off particularly this other cost. start expenditures per those which suppliers But we a unreasonable logistics a with higher, no Rail seeing year. Maintenance costs going has from pay way that deal to we'll are been to outages in no. the there the standpoint, sort are and with will in longer is
things, focus three management. progressed have SG&A-to-sales So cost how an top agenda remains the at last to really It's numbers running the we're at you We're year. going very intensively and of currently the that see the sub-X% on that in ratio. industry-leading over
comparable that companies that our if industry-leading, So of at you proud we're industry in we're the look we and result. track,
cost to be much as really cash can, generate down as we're to to can. addition we as In management, to debt we try quickly chasing as fast flow as going cash hard, very we much can, as as flow pay
have our our turn regarding Allen Chief no announced of publicly we topic on strategic today. alternatives, it we won't that, I'll updates be that Campbell. to over review very Officer, Financial With commenting Lastly, Allen? now and
