and a the first the of and different course welcome everyone our year us to for XX once call. career. XXXX Windy over Windy earnings for vantage conference Orion. point brings joining of morning thank Thank relations again from you investor you Good communications firms quarter experience and wealth several of her
value. joined her who as to a understanding as analysts shareholder team to fundaments in thought Lorin Orion investor excited a as the well me our the partner and interested strategies to are to have to drive We is and and partner each
these for their challenging our big a times. and commitment people First discipline you to during thank
the those been dedication we able America; plans of operate everywhere. Korea, Italy, form in including With excellent our in to their leadership quarter all China, have and through
contingent. of every been In Across work slowed non-union work been and team force on have people is of the they our spirit continents have terms descriptions. of at more production have Not us count investors we colleagues in on their customers five disciplined. plants and to but in Our our employee people reporting that and to to flexibility and than have day. the jobs X,XXX important deliver worked only work, know people our trust times employee great with when had no union work
to always here and agree Orion. Together all excellent better to which expect We we cover European QX to our our not on but as is time ample. QX business develop I than COVID-XX, more of this of are our topics; also hit the and customers. half a three impact to will devote results striving second believe I liquidity we through to the just had additional but response and an from operational built when American our call, Lorin until how the COVID-XX today's March get you
take As always at questions of we will be conclusion happy the your comments. to our
was said believe weak off we followed quarter inventory had draw that by late in a I that the tone down seasonally customer sequential uptake positive As especially January. been first QX with including the September an in expected. we started
rash began customers of of as Europe as grew. the shutting tire and we plants America north mid-March impact order in in However, and from a particularly globally our saw slowing manufacturers cancellations COVID-XX
the the bite. As downturn scope sheer and to results sharply caused month a our March began and by result mid COVID-XX dipped scale of speed
$XX.X delivered million million Despite contributed rubber impacts. carbon $X million million. and inventory contributed adjusted of you have COVID the we may have of to excluding first quarter these $XX.X black quarter of a estimate sense impacts million, the in the $X and volume to range impact confining of EBITDA gives specialty carbon which the ended impacts $XX.X up we the which way related of COVID headwinds black Overall, been the revaluation
Our to more say liquidity $XXX that. about position Lorin at lot and a million have will stands
year update and actions largely six detailed April. continuity on gears going us COVID-XX said seeing shift like we which you on seen to operationally Slide pandemics, bedrock our the values plan Chinese action. the business X. COVID-XX we pandemic what With was still Orion on I'm When we across now established for the World are Health pandemic [indiscernible] for to The our as partially was we actions preparedness as has I'd through core phenomenon based swiftly that Organization and a the pillars phase taken of took activated plan. the another in last explain were
steps with shifted protecting secured straight an remote shifted important equipments on their well, to pillar protective such and cleaning safety to emphasis shifts practical segregated communications temperature stepped-up canteen checks, first of and terms masks, office team, consulting In health. big secure and actions talk. expert secured and our people distributed people work based personal a arrangements, massively as our is most People; and and were protocols, implemented to as them employee physician thanks for working we
whom and of two readiness is of a positive required out tested the of X,XXX our a employees for to testament hospitalization. that the are thus who only disaster It have aware far overall the virus employees have discipline we total currently neither of
back as physical to into keep continue and in WHO will follow slowly employees guidelines establishing distancing bring maintaining governmental offices to order new protocols Looking we employees our forward we and safe.
production. to Moving
continue hard maintain to you operate and without and proud important plants work job to ultra I'm a people first done safe our now. that can't is The get their plant say we to people right
normal these plants and and maintenance modulate to according same demand and all we operations. down at up the needs Next while at time continuing course shipping we have multiple in the our reactors business of of
great but that use downtime Yes and leaders doing were flexibility terms consumption production to cash higher in collaboratively take been lot we pool has people customers. we see is this when union in advance laying and have not as be our across a to from shut financial to response this enhancing this only meant plants. to to flexibility to have manpower. we've you achieve been recently improvements work modulating off want imagine, to due in us that of view loyalty emerging from reactors declines roles rates allowing proactively of projects opportunity focus can downturn reliability and low you than down with responsibilities the build response stronger. on the plants individual to safety even clear, As in the of demand towards to to workers I a have will we plant with plants several U.S. At make this and down labor
Many curtailed on particularly tire their and auto similar OEM roughly at XX% Europe's schedule. production estimate idled plans our manufacturing slowly begin of were a customers, in customers with and April, In manufacturing of XX% facilities. customers. idled factories reduced Moving rates to severely with of to or plants June we Americas North tire May
plan specific demand communication this Against levels. stayed Asia. ensure in approximately April we EMEA communication Asia coordinate the the will to in outlook customer operated issues and down down for our mid transportation discuss saw Americas however backdrop, the later, well as our the in close mid-XXs with monitoring with the XX% approximately business operating good as Orion's Americas XXs customers in XX%. in and volume We've in Europe I and in plants in and rubber April
by risk our and position on March of enhanced our by to position revolver. nearly a bolstering we Financial. our financial approximately dividend our the further $XX by in weeks, perspective under credit flexibility late bolstering financial funding cash In our cash we our entire lines any lines. capacity From recent million under tapped suspending drawing uncommitted these eliminate a
the cost functions, increase wide several businesses across the cash of including actions accruals, freezes, select headcount our that reduced We've will all compensation layoffs. liquidity Over our discretionary have generation against scenarios covenants over and taken weeks range stress XX spending financial incentive and past also tests. evaluated lower reductions temporary coming and we months including salary a
We million actions estimate $XX in be these temporary million impact to to like annual range excluding the $XX of layoffs. of the actions
appropriate the our monitoring stepping stock reductions deferred protect on capital of our and cost from holding line balance to and the and up customers also while Aside expenditures safety levels suppliers we've lowering terms. sheet were select
the supply all future. access our to perspective at materials chain. foreseeable the key we for From supplies we plans have that raw is adequate a believe message Supply chain
to markets track very those continue closely. We
Beyond availability. shipping that and we are tightly monitoring consumables our other international supply particularly chains for
coming suppliers international alternative as and this to needed. qualified We'll will shipping of the stay friction We've believe point months. close to global I in need generally economy a speaking for the be more
and Communities ESG.
not the in communities this we forgotten neighbors our operate. we do in have time what help to could During which we
in ESG. XX. last have our cleaning of We momentum hospitals operate recently providers equipment focus notice we year received on and going by keep improved to masks sites where medical XX this and with EcoVadis at have score and a and points score we other continued to supported lastly that We several
I'm in continues their the the to this proud of to on silver increase that dedicated fashion. the effort is progress XX-XX, on very While track. made. us last the environmentally the a our focus are significant and of improvement team place right is we company has a testament responsible year been sign socially category This entire and that the in operating a
X. Slide to Moving
shape signs like are seeing seeing picture. world North pace April recovery. which Now regarding will plants of around idled X be to pretty perspective out are a in a particularly Slide and looking we light shed we we indicators I'd and likely for being on the towards our and percentage further With on and what not large Europe. of what customer through looking provides is the America
to mode approximately specialty and in geography. declined conditions while the X% XX% and the upon between and Rubber continue running ship. campaign declined operate to demand reactors and idling inventory reactors we these up we the volume depending approximately XX% then XX% Under build volume
had We location off have one at far. lay to so employees
but Korea is the the from North most perspective resemble see As can closely declines more a rubber which pretty navigated whereas America APAC has in one significant quite exposure pandemic EMEA reflecting that you and of another in in well. were our muted trends
XXXX As the from a useful accurate results of a evidencing or XXXX experience of comparison the XX% that perspective during the prove volume rubber single a worst the may downturn quarter was current not financial situation. predictor
directly its relative a screeching restrictions than impacted physical sales a as from Certainly that market on strength rubber to that are the vehicle noteworthy not by specialty distancing benefits slide driven light of specialty. cause of the halt. come greater in Also is quite and many markets to miles diversity
get volume quarter worse believe we better will place the of the in April specialty However, XX%. they worst bit financial from in context a because experienced volume a specialty before softening during continuing the XXXX of get downturn To was trends demand. perspective single
prepared to be this it for need be we to deeper think I time.
useful a the Let me the of accurate our business the that of predictor XXXX represent guidance or experience they the prove of XXXX again, impending way. magnitude in not period the decline not or during and say do may any future
this Orion data to as in We public are not was XXXX. perspective sharing provide
would otherwise investors. information be So available this not to
Turning an to two market. global provide units Slide overview of end X. by our We business
recoveries sense along watch could for it to play said signposts uncertain. mind out. prospects is one Keep way. is Our business each of and very way environment some the That in the here the
The linked largely market Starting market trace into tires truck vehicle this demand market. and volumes demand carbon you to and of with for global light which rubber the goes is rubber can sales. OEM automotive replacement as black end the to driven XX% as balance a driven. MRG goes are miles or Roughly which by reminder XX% of approximately tires for segments to
First held better strengthen. we Truck up and this of home tires than been the will others such delivery. all, believe certain only as resilient fairly of economy aspects have
their mode are into this passenger in fully in by article a need to not afraid People believe recent Times to recover are is be and Secondly, replaced. get tires wear cars Financial car, out To car. economic preferred be cruise transportation will China the first will I not traffic to the ships. indicator and end Driving congestion.
current they have of in depressed recession term car to changed the but be growth are event weak of Thirdly, in driven with household demand a in non-tire of has black been average X% likely and likely reliably underlying has and over vehicle subsided. the for to and new the recently. new line business delivered of sales cars current downturn servicing production, Longer carbon time continue supporting be within tire miles result certainly downturn. long don't the With a demand automobile believe rate as as we as a periods will rubber purchases markets has the this on growth unlikely once motor
automobile OE of XX% past is that by driven roughly Turning new and to specialty. sales. production the have In this indicated we global business vehicle
remaining plastics However, order level this diverse by driven granular to wire of upon volume estimate will end automotive be for see films, our pipe and markets mix the of the number the a to segment Clearly being full we adhesives at in XX%. and volumes from now The and decline refreshing fibers. of in year. quarter sharp engineering market ranging and synthetic more the assessment a end cable, a by XX% second
is of portion end the ultimately market note roughly volume gas a oil and serve pipe of that Also in substantial of XX% ends which up the space. specialty
Given business. severe oil a of part is now this and right spending under infrastructure steep that in strain on the expected sector is gas corresponding the with decline a impact
result the don't spending with term in into demand we applications and growth construction change rate possible As as a strength for still bills carbon and will We expect X% the durables far relatively as has growth black oil range pockets the certain gas subsided. with the current food-grade of film should the specialty of line to and exception the underlying such on decade automotive current have infrastructure downturn over in business think would up pipe held Longer activity, as point that downturn. investment of continue past space well. allow growing the to once its I consumer this and non-durables,
Now greater in turning first to quarter our detail. results
year-over-year adjusted factor. by driven Price Europe. $XXX,XXX for North the us volume you on volumetrically EBITDA our were sales and and was primary was the declined As can offsetting mix two regions decline Slide specialty, primarily while see largest by favorable Within America X year-over-year.
down as far the printing. of both sequentially underlying widespread but polymers, evenly end weakness year-over-year broadly and on side markets and As year-over-year tire were flat markets; business. MRG the end rubber, all was coatings, across volumes Within the
Two, negotiations a tire decline three and of OE automotive contract reflected closer tire volumes demand late raising in makers as year-over-year emphasize entire impacting trends strategy reinvestment facilities due as shutdowns pullback in to commenced weak lower COVID-XX. production commercial the The levers reflecting production from MRG to volume. quarter the part order one to to pricing geographies cancellations deliberate a due XXXX all over
the over to like With to call that I'd turn Lorin.
