Thank Thanks, Ingevity. morning, this us morning continued everyone. Dan. joining Good you and interest your for in for
turn number you’ll for X, to the highlights with you’ll quarter. If note me Slide some
we see the performance strong and third from as quarter. benefited you a we across demand the anticipated, can turned We in As in board. growth
executing addition, operations In $XXX were our over third XX% plans the expectations. quarter. year’s which about businesses to the is manufacturing Revenues to are in and according when million, compared previous higher quarter
mix the were versus due were year’s driver was improvements volumes $XX to EBITDA the results, largest million, Adjusted by solid up contributors. impacts. the price revenue quarter, While far company’s XX% to predominantly and financial prior the
also lower positives and raw freight and higher of increased we the were versus activity. distribution costs production acquisition offset the by experienced quarter prior also materials We legal year, costs. business from costs partially SG&A mergers acquisitions higher and pine Georgia-Pacific’s costs. as chemicals the well associated In with had These as and
basis Our third year was prior margin EBITDA of points quarter XX.X%. XXX from of up quarter adjusted XX.X% margin the
segment posted oilfield quarterly is Hughes, benefiting be products seeing. pine according not sales. to continues Chemicals was the strong about oilfield to acquisition. to over efficiency U.S. our did prior in were chemicals’ versus As from the count sequentially. the year. pavement specialty were despite the second you the affect another rig technologies significantly Chemicals the more largely XX%, customers the essentially reflects G-P quarter Sales industry XX% Baker up fact Georgia-Pacific of flat to up U.S. Performance Performance strong that acquisition production This and but number million, X, Segment Slide can contributed quarter. on than our sales, our industrial The see sales $XXX technologies
strong rig America quarter. linear Carolina. pro year’s in X%. in the growth count. feet to able had revenues year, was X% strong than of With grow North comparative forma In We see small assuming XXXX, on tune rigs owned still approximately – about in full Georgia-Pacific’s oilfield faster basis, wells, applications obstacles up demand pavement versus hurricane increased Sales previous last the a in chemicals experienced albeit these and Florence than including America, multiple weather-related by On period revenues we pine is a very by grew Europe a more in almost the paving disrupted business much moderately applications the strong to XX% North base. to XX%, drills North year. issues Despite we the growing for
our by of be full of include our in XX% up acquisition. were expect about industrial lubricants Georgia-Pacific driven both increasing was the into these the to high strength and geographic prior applications and diversification business agricultural reflecting Sales inks, period. single year the of still adhesives, double-digit sales. our year, increase benefit in growth The specialties North others For to we and this largely near printing chemicals, the American the range, versus business
shift higher In a dispersants, business, also in reflective away margins addition, proactive industrial are such adhesives, lower-margin lubricants rubber and as sales specialties printing from of additives. in inks toward
resistance. strong acids, Specifically, for however, fatty business improvement tall we price we increases TOFA. realized volumes significant particularly or rosin-based in of with oil recently met ceded where the our some initiatives with have pricing Overall, were low-margin segment,
initiatives oil tall up of from was been EBITDA or $XX over segment successful, limited dynamics though competitive TOR, price rosin, Performance XX%. over products. million have Our Chemicals somewhat in-kind by
XXXX, were an earned by Georgia-Pacific the On higher G-P improvement freight, the we of integration Overall, costs higher EBITDA about in XXXX assuming On our the basis through to lower drove we revenue X%. XXX pine is costs in acquisition. result acquisition energy synergies and points quarter. revenue the of basis of of These was for margins of increased increase to or third mergers and costs oil, in was expenses. the impacted EBITDA XX.X%. by ahead EBITDA drop SG&A addition acquisitions-related In offset forma pro schedule. TOR segment and energy this gained The crude and quarter partially revenues to impacts, chemicals had X%, our CTO, G-P increased a basis, through and
third $X synergy Our million. approximately in the second and this quarters of year capture was
As to target result, we will only reach that committed number. synergy surpass expect we ultimately likely early, million our not $XX a
about you quarter As number U.S. XX% standards. X versus third honeycomb scrubber and can California Performance the continued Agency outstanding Protection sales Materials segment driven be meet strong see Volumes our to $XX quarter. used on to by Slide revenue year’s including prior delivered Environmental Tier the record III LEV of in million, Segment X, products again sales the once posting quarter. our the performance, up were for
trucks to about vehicle in the SUVs. move we XX% continued in between X%, addition, to third the year’s cars moved production quarter to respectively. In according light from Wards, quarter, and the trucks XX% cars was to see XX% from The split and and XX% up previous cars trucks and and
As performance adjusted quarter. XX.X% rule, general of a improved intellectual up increased a up property. demand positive legal This was costs million EBITDA defend driven These approximately larger in This were is facilities. offset on price our vehicles adjusted necessary ago. our at strong partially margin, the positives year was Performance by modestly and expenses to our a Materials’ impact translated sales, a and almost basis $XX for products. very from year’s prior XXX which to and honeycomb manufacturing EBITDA versus have XX% strength by product mix points the growth-related
emission X, know, related control. you our is to As business to vapor regulations Slide in global significantly gasoline Materials benefiting turning Performance from advancements
Tier are we – continuing and California demand our seeing be are We to technologies regulations. for continued LEV X III designed U.S. EPA strong
may schedule. a you plateau are know, the to As according currently we in year implementation
growth As years. moderated result, the has previous comparison a to in
to we Ultimately, from implementation of Hebei along six the move XX% new in made discussed, fairly a aware pass we poised expect public regulation, do percentage early of vehicles X that implementation XXXX for that. based various the and Beijing of adjusted second It in of many months XXXX Notably, Tier almost model of response to More adoption out of platforms reduces the month with State are X, from to new on the However, approximately the carmakers January time outlined and automakers we national next said, early announced Council the solely de XXXX. of revamped. recently, the quarter, directive bumpy. quarter. is to cities has by to XXXX activated by standard early XX%. announced to from is to timeline Last X previously in each early, based the July information and implementation as frame model effectively will China, announced regions of to are their with The still regulatory any align up is light just percentage schedule XX% on compliant products country also require from gasoline remains announcements shifting Beijing demand platforms are to of to began year cities systems to China. the this adoption China state implement year are this of continue X approximately July regions shift gasoline the beginning in X X. X the out X mid-XXXX vehicles by be city U.S. This shifting its Council pushed by That the Province the January timing XXXX. vehicles. all these their January pushed months, early The even July minimis to overall shifts, XX% implementing as The has has intent next adoption will vehicles and type Hebei which in increase on regarding carbon our by shift. number continuing half six we steps compliance approximately adopting gradually meeting early and regions
response we has already regulation. to September the the to make in Xd Lastly, by for standard. call new Though regulation European its of Union XXXX, us implement to have begun the shipments Euro compliance begun
gasoline addition, rapidly as is Europe diesel share In vehicles declines. increasing
over Manufacturers decreased share a in to Europe according In XX% Automobile year the Association, ago. fact, to diesel’s XX% from has European little a
more in our be in shifted this forward. evaporative to XXXX. these and call review the the for for shifting status estimate Vice guidance point, we well Canada, to of technological implement a the investments our CFO we of countries Interestingly, growth which made John? John going to more a that combining the have turn emission our when U.S., Executive serve stringent over that are gasoline I’m we EU, XX% capacity and China or manufacturing globally and new the confident detailed process will these of the of as us Treasurer, key financial approximately our believe driver our going Fortson, world’s leadership At President, We’re will vehicles standards, and regulations.
