you, Thank us, for good everyone, afternoon. joining and
me Let a regarding comments recent announcements. with few strategic our start
our As capital-intensive industry. to believe we previously both require given that able we to scale nature be grow of especially discussed, invest our and businesses the of
year in Graphic took quarter big to That regulatory we're closed Sofidel America, closing close expected of to Packaging. process step from acquiring acquisition satisfaction that announcing to conditions, and agreement step to Augusta direction of our in the another in subject May in integrating of sell We customary tissue to major took business is network facility We a this by synergies. into and the fourth the approval. our including by our capture paperboard which the the business on starting facility X,
balance American We're supplier internal Clearwater to converters. strengthening We paperboard products and as steps for focused North independent premier these allow grow to of of business us and our Paper. and believe are paperboard diversify portfolio. tissue transformational strengthen position a for strategic investments and will sheet position our our us The external divestiture on that our to future
to We will and shareholders. believe value business to long-term create continue that these our our for allow grow us moves strategic
me key points We agreed sell the Let for announced totaling to from $X.XX summarize tissue few billion. Sofidel a deal business divestment. cash to our America
We proceeds million existing approximately expect repay the which sale to we deleverage balance from meaningfully to use and net be $XXX our sheet. to intent debt
tissue Nevada, tissue includes transaction Carolina, manufacturing the The our Elwood, Lewiston, site. Idaho Vegas, facilities facility Shelby, in at Illinois and our Las North
As many we of other you site know, mill, two retaining. paper and that also facility, houses paperboard pulp a are machines our Lewiston a including assets
transaction, will in part be As with of we proposed a entering agreement Lewiston. Sofidel sharing site the into
and land of agreement. and a the include will and a lease This use services facilities
years to will forward strong hire have our come Lewiston Sofidel We in partnership site. come. good employees effectively look we Lewiston also and to close. a on the will at Lewiston that Sofidel tissue to allow the operate to that We companies both with a believe agreement
customers Through paperboard America. this of growth a transformation, that we're converter across building the supports system North
part include As may and additional which paperboard look we product our at offering, substrates. this opportunities to of expand growth, products will
our our a in for evaluate assets We fit strategic opportunities network. will internal investments are external that good and
transactions with and a for Augusta expected goal of paperboard our value acquisition product company. scaled track and North Our supplier compelling a consistent on offering, The our outstanding to build both as creation a shareholders. of our significant the service business America sale packaging is in tissue record for and are our position transformational
of team. momentous the making speed the the and story. excited period that progress a I'm over X-month about chapter is we're pleased both a for next Accomplishing our Clearwater with Paper
our of before to million, year. from the turn Sherri second which briefly up We dives quarter $XXX net highlights XX% Quarter details. the sales last were Let into me of reported Second now
was was last driven planned primarily impact This incremental million primarily EBITDA second maintenance Adjusted which $XX Lewiston major million, by the of year, at quarter the driven below by volume acquisition. from facility. our was $XX from the outage Augusta
by in increase with what shipment which XX% volume, is Net pricing, Augusta a paperboard versus continue largely highlights been up a and with the in was offset due Let's has reported driven year. of few These can decline found our XX% X our a primarily by X on to by last RISI. from be acquisition, business. This pages were supplementals. consistent sales XX% previously
we quarter. to industry. versus of million our and to facilities an we're common anticipating was than Adjusted million of us more be major schedule, EBITDA impacted in $XX million year. estimate weather in this included recoveries in negative be a $XX to maintenance paperboard in $XX adjusted to the versus of Beginning expected, million. is quarter we the EBITDA paperboard tied a year impact planned with decrease the in impact insurance than XXXX, proved of all in The million the original move The $X the prior was more segment event first the outage practice challenging outage annual that which for driven for at million, total the $XX outage which $XX approximately our now by Lewiston, to will
over lead and smaller this of the provide outages believe We'll our early information more outage additional our performance regarding operating to year. improve We predictable schedule more and will the maintenance next course year. XXXX overall that manageable
Finally, let provide with you me some insights. market
about second shipments of rates remained and Industry year. as operating improved data, first this AF&PA quarters XX% flat Based at around inventory levels X% dropped. the on recent sequentially by industry most the between SBS
gradual is recovery, it to be we're seeing a expected. than While slower proving
year recovery forecasting are and publications into half this the into Industry a XXXX. of continued demand second
trends. market growing food demand. and bright with we has recovery on that is consumer remain A sustainability solid positioned slow, in given market long-term We and overall believe well the While paperboard the bullish service growth fundamentals. somewhat been spot is for preferences today
Our we're and capacity grown becoming constrained. backlogs have
As stock. plate we're price these increase to a customers implementing grades for previously and result, cup a announced our including
quarter a X. overview brief an for This tissue of on our be found provide now X outstanding can at The perform me level. Let to business and continued Slides tissue.
quarter $XXX volume year million, to with revenues last X% Second flat offset at cost X% were pricing. by growth, compared contractual lower index-based
of to second performance increases that margins helped the million quarter We strong with Adjusted continue This XX.X%. sequential $XX above prices. deliver a pulp of operating offset EBITDA tissue XX%. is in in the was per fifth quarter margin sequential
I'm our done tissue maintain the of deliver financial achieved improvements sustained last over appreciative several that team we we stated, margin years of in to that in work the improvement much has performance. the As we previously into expect and XXXX. XXXX to operating deeply
the turn for financial Sherri on With call to results. that, additional our let details me
