turn adverse that Luis, year's Thanks, good which Slide of due drop million Full sales XX% to to than billion. almost in $XXX down by Technologies Industrial of billion $X.X increased more end more Performance price contributing unfavorable Polymer was conditions reported Also exit decline in weakness offset concessions Chemicals, almost sales of primarily pressures. primarily and record was the where Materials $X.X X. demand sales from morning sales than and all. certain to to markets, Please were weather in lower-margin in last the offset Advanced in reflecting year were competitive sales by sales mix and due Performance in Road Specialties. but markets increase Technologies continued lower in industrial and the were volumes
$XXX primarily $XXX are ended and that repositioning losses impairment to included GAAP $XXX million, $XXX million These and nonrecurring reflected totaled a million a fee the resale on We charges long-term of $XX which year for million, restructuring actions. million charges several of of CTO the net termination a goodwill $XXX related a million, of charges excess of CTO. our loss supply with agreement
our earnings these this of is this the in our GAAP A non-GAAP disclosure Form We which remainder charges in our appendix have will and of our release for filed deck reconciliation non-GAAP to be and and measures evening. excluded XX-K, also presentation. of the the this impact discussion in to
gross million strategic dollar initiatives repositioning we SG&A our points, by driving more mix profitable profit XX.X% were revenue $XXX and and Materials' had cost Performance the year-over-year of result Performance lower year, on higher adjusted points cost-savings drop of our actions sales the from dollars the we down percent to of during but desired in adjusted increased improved EBITDA profitability the improved our as from of earlier. as was a Chemicals. year, mentioned effect, higher businesses I lower margin was basis savings Adjusted repositioning Adjusted X% was margin spend basis to sales implemented reflecting the last Our due of but realized XXX EBITDA steep gross reductions. XXX while their sales down to a
now the In product Slide the actions are you roughly composition X/X total the of is X. now company see repositioning upper than revenue. line, our almost turn of our changing it chart, company. left business to to cyclical historically, of XX% can how XX% when Please Specialties, most represented less overall sales Industrial
segment, Our Materials, our of a XX% Performance now of over improving margin direct This actions in company Chemicals. profile. result revenue, represents is most total overall the company's profitable Performance strategic
in see disciplined inventory the cash approximately in of than cash than was $XX quarter, flow for to October. of a fourth million free was of million reminder, $XXX XXXX. recur capital actions, flow the million. the hand. in free the CTO capital right, million improvement in this management major upper high-cost inventory driver repositioning in And contributor more included working benefit year, much you we $XXX have key $XX performance the related the which as stronger resulted management our working A reduction generated to inventory Strategic and of was In on a not of we and guided a which impact in outflows related we of won't finished to roughly goods our the cash
taken working reduction capital do these a into benefit of cash in have have $XXX free moving also from our for account expect not we all $XXX million and flow this However, XXXX and to guidance year parts in between million.
safety, CapEx and spend health disciplined with at right, see that you'll chart as was the bottom XX% were and we the In maintenance spend of and our on well environmental.
debt CapEx our reduce benefited flow debt $XX the expected. net due chart to on free years better our net last and brings adjusted related remaining left maintenance leverage ended $XX the the spend. happy million. we I'm also facilities which have lower me cash expect at the to We million couple on the cash be smaller to that of say than year in and to to debottlenecking our used this footprint We fact also the year by $XX from million X.Xx hand EBITDA, and to incremental showing range lower ratio. to
now free net generation X.Xx reduction end continue XXXX. of cash to below and be to the focus on by We flow expect leverage debt and
tax expect between be also and our year rate will XX%. XX% We full XXXX
X. to Turning Slide
growth key and higher and X volume You'll Performance Materials, for X% about up see to understanding outpaced components mix and There Sales delivered vehicles was more auto a which results as driven is Auto as vehicles, to electric sales trucks are larger and of that segment. important global this which and of so our production, typically size larger increase SUVs sales, margins. was record ICE is in EBITDA the of has mix is control and price improved also of content, require North region world, have the by The our due EBITDA most us. such nearly also sales, is in X%. to typically the of regional vehicles in mix. for which mix all and this more highest product. vehicles mix The the standards emissions more our important. region profitable Materials Performance vehicles better hybrids America, XX% are versus the
an important meeting plays emissions Japan. total have Asia. the Korea Pacific Europe primarily is North or role XX% about Asia control impactful our Asia and regulations. region electric the remaining because region, an Performance Europe America is also in standards export Pacific, least vehicles regulatory important sales. where XX% Materials and XX% of strong our and markets favoring environment is also representing standards countries lag due behind China carbon Within about is and strict South to emission These
segments. a all in tonight, XX% geography As we to for detailed million with release that This EBITDA also by of show primarily by improvements revenues will Performance the breakdown XX-K, reduced the $XXX which operational which result year our our more an costs of aside XX.X%. plants input for less increased natural our for run we Materials improved driven and efficiently, yields. gas margins enable more of using record by was to EBITDA
continuous a laser improvement, and is success focused this team is great Our on story.
XXXX. more in our XX% some based spend increases as some this as R&D, and natural for expected lowest Given prices input are believe year around well by the in will to we increased higher. volumes XXXX decade, mix, margins on gas on expected But and a costs segment were, price than be be reports, normal
support rates The resulting volumes revenue volumes, result but by lower now utilization margin of actions APT demand we've energy X%. and and an and higher We decline pricing markets EBITDA mix an mix innovation contributed the end improves, concessions only improvement used than EBITDA when could unfavorable in strategy we but progress in Please XX% a more in not and elastomers, as markets further. of XX.X%. in believe these will profitable, of improve segment costs such of to more generated believe respect apparel adhesives cost bioplastics to around decline, offset and in million savings overall were in the Slide turn as produce high-growth but such existing also $XX.X and upgrade XXXX. that to margins the as spur potential team selective will taken benefited year-over-year price global as with made higher a the packaging X. markets product from that food coatings, of tailwind margins revenue Also,
Slide Please for turn results. Chemicals X to Performance
year, decline Road maximizing primarily the of $XXX year, markets a as The the repositioning segment suppliers million Approximately to primarily Specialties alternative light continue we than from $XX.X savings attributed XX% revenue decline. that expected million to $XX during in to realized roughly our due originally million of XXXX, realize the $XX the significantly but be October better in repositioning to the realized of due lost remaining was in prior key actions than savings a to million are EBITDA generated guide $XX as sales on year. reflects expected We'd an almost of in lower-margin better-than-expected remaining sales $XX was decline of of our lower to in for end primarily PC to to states. $XXX million outcome the in happy million actions. in Tech profitability. result of of our the was of repositioning of The saw U.S. I'm adverse say exit of $XX for As breakeven $XXX segment. XXXX. savings lower savings revenue in actions, million weather primarily to customers Industrial focus and we sales This acceleration million million
in expect We expected QX that XXXX, consume CTO But to also industrial the high-cost remaining reflecting end of we consume Specialties, CTO Performance pressures. by challenged the and fully previously continued we cyclicality EBITDA of mid- In be primarily which by now to continues inventory indicated industrial weak that demand, XXXX. QX demand to the weakness we in given expect XXXX. single the Chemicals in margins to Industrial the high price generate to competitive digits,
We costs in align prices, market have the to our will the CTO part lower prices mostly and average of the year. benefit with offset reduced this of latter
We normal Road helping expect more to stable the margin, margin. to business improve to Tech higher XXXX, in growth return segment
we're translating benefits to our very see cash the actions pleased to summary, margins flow. In improved of earnings, repositioning and
We expect free value X.Xx, well to cash as from the company to use X.Xx the strong we for XXXX, below current in creation. team is many flow near-term leverage which generation future to and our will positioned thanks drive dedicated
guidance on And and comments. now Luis turn to closing update an the call I'll back for
