Thanks, Welcome Resources' Earnings Quarter XXXX to everyone. Ed, good First Call. Ciner and morning
with with our families results safe a working global concern indirectly health everyone first quarter of Company-wide associated and to the outbreak. XXXX involved our have directly of coronavirus helped Our ensure environment operations. our workforce, of foremost prevention our remains year, business their or at continuity efforts despite for and evolving challenges this a safety solid The time. and numerous marked the start the
events has measures smoothly. report happy not proactive running any disruption I'm shutdown to operations are we our our to to minimize and take plant production. experienced that As
developed their mitigation commitment their perform stability and team outbreak. stage admirably plan in early steadfast comprehensive implementing Our the the of operational remains to COVID-XX in in
to event positive contact outside protocol interaction, contingency control cases in New the plans plan for reduce frequent, as movements. shift during changes measures tighter maintaining various of contractor tracing outlines for scenarios. and procedures such absence self-reporting, of and operations staggering person-to-person The extensive sanitation include also and employee
we firm refine data to normalcy. guide continue than using are a these rather we to As plans, measured return to dates
develop, our tailor match demand production As profile expected will consumption. expectations to we
We are storage with flexibility production balance customer to storage our are en managing on-site optimizing to and demand. rapidly costs, needs. while in onstream to operations in delivery optimize time the Moreover, and route evolving use our supply including our consistent ensure demand and of terminal of we confident -- end customers product chain inventories across
downtime. maintenance that in also extend more per address any We work have demand optimize are with activities schedule associated outage efficiently outages. goal in-house to and imbalance may order production seat The maintenance program line projects to during our flexibility managing with in plant we time to our production maintenance and as do is
another production In previous terms record of the year. have we first achieved set with quarter quarter quarter first XXX,XXX produced strong short tons results, in last eclipse
quarterly EBITDA included sales, and However, lower of to net of supply $XX.X adjusted million $XX sold. and demand surplus in lower million Results a Marks environment in favorable income weakened quarter for the volatile current net pricing a consider and million. we led $XXX volumes and light on consolidated normalized steady quarters well last million of $XX averaged eight results market of conditions. million we net period, a over have our $XX more above of basis. the EBITDA Highlighting income over adjusted
to sales. Turning
Flat of hand economic on Demand demand manage thus been automotive our idle and sudden cases far affected are been their for COVID in several expectations seen manufacturing especially remained customers have strained glass has to a demand. Container end of operations. exceeding in availability. domestic activity. glass architectural other consumption historical the some by and is slowdown to declining due lack has some production stable with We and we has stalled temporarily glass proactively demand quite working and this due plants to of markets
are facing curtailed. been automotive Glass many end in delivery the be has international in Mexico in notably more side, been On declining geographies of to activity the has demand Container flat we Asia resilient demand have output yet as glass vastly and cuts markets. defined. although impact architectural and Most to
and due will Carbonate Lithium a essential for to business, have detergents hope taken Argentina Soaps end demand largely suspending we been hit has users. which considered production bolster production. those
stable of quarter. Lithium battery degration for the producers, from outlook demand of Chile not note did a hold that has I induced However, not a take late until COVID much to due production who mandated orders shutdowns maintain manufacturers. backlog the will in
not did material to results our we experience impact a QX. So, in
demand expect greater persist production. in our in than However, April decline pressure on market this highly XX% normal the time an do pace overall economic at for in recovery the shows being. point. to see production Especially is international experienced considerable of the as This uncertain we approximately since results, the we XXXX
and look we geographical as in a and more long-term in our favorable mix revenue we flat anticipate at on Container outlook. Overall, potential stability growth like support detergents glass, markets base like and long-term Glass and customer basis, diversification products inelastic a Lithium
the loan successfully From steps flexibility. term Despite in fixed $XX rate. our turmoil, favorable closed position a market we planning at we taken a interest March, million bolster standpoint, of a near-term liquidity financial and created to have in cash financial
remains liquidity capital to period Our line contraction strong uncertain and position believe economic as we of we face we recovery. time COVID-induced and ample a have
call who our over will now financial discuss the turn results will in quarter to for the I detail. Ed, more
