Thank and morning, Jim, you, good everyone.
Turning again The joint $XXX million this and Slide continue year-over-year. and The and to quarter results, by than benefited polyurethanes also to Sadara. improved equity packaging our X. earnings demand trends more driving supply that strong benefit operational businesses venture delivered financial higher
continue expect curve to by benefit enhanced solid economy We cost and XXXX, position. market global supported in joint feedstock improving the Sadara’s venture fundamentals an flexibility and to
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an the reached on first reprofiling terms its completed January Sadara in agreements with be this investors debt lenders Dow, principle Sukuk with in addition, Saudi quarter. of In to expected key agreement and remaining for the formal year, and within Aramco
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company As contributions to a any loans result to expect of these further Sadara. does actions, shareholder the or provide not equity
Slide ISM now XX trending with first Let’s is its highest to quarter manufacturing first new for exited over is increasing into strength, X. turn which level quarter our We quarter. The on the at modeling the in fourth carried index orders years. guidance
In addition, starts since low to supporting and interest driving are U.S. deurbanization market are XXXX. resilient housing a housing point their rates highest trends
franchise Coast supported We Gulf advantage. billion polyethylene the of to by in and polyurethane billion, total chains, $XX.X sales ethane in our silicones first in our and higher results range in $XX.X expect business U.S. strength with by sequentially value quarter our driven improvement ongoing the
higher sequentially from quarter. result entered onetime the and & cost and the turnaround increasing We of momentum, for will segment, some Packaging approximately pricing naphtha million a see benefits In costs good with prior as Specialty we continued prices. high breakeven points oil reversal the headwinds of year in demand producers elevated with solid Plastics the $XX
Coatings, we from be industrial these advantages headwinds some first by expect improvement the Industrial expect should the continue end XXXX China for consumer trends from to the do to as allow although from and due home plant supported us of through electronics, elevated and capture continue trends, improvement rising will end pricing half the Infrastructure with benefit & These industry innovation expect care quarter labor markets, turnaround demand support ongoing sectors completion Intermediates cost including see will as will consumer And demand, silicones housing in shortened well. We pricing and we to markets. of particularly The siloxane segment and be supply in sustained DIY and finally, consumer some home demand in combined Coatings, mobility, in we through low and Materials in benefit propylene automotive limitations durables quarter. expansion to issues. uplift, to turnaround that dynamics increases Performance strong our growth to continue. a There opportunities. inventories, our quarter, additional where at COVID-related to first in remain supply In we
Slide to X. Turning
improved distribution value year-over-year. of is the see fundamentals performance expect continuing strong And quarter-to-quarter moderate, recovery chains in although uneven Looking new as full at we strains the year, pace market of we many still be our to evolve. the key drive to and operating vaccine it likely to
outlook with the Consistent with Sadara, planned As targeting no noted capital which tailwind statement expenditure estimates XXXX, $XXX our priorities, as deleveraging. usual, and $X and $X.X the on increasing our we an providing income target are previously and slide. year improved million will billion for we in year a contributions. are be we of to year-over-year several full allocation are billion, flow mentioned, additional cash are based cash you with our on capital items, forward versus our best
expect restructuring equity year-end. the as year, to EBITDA we we And the of JV expect be the flat expenses. portfolio as margin year by million up ensure to we substantially $XXX our see the prior higher is earnings be year-over-year our offset complete across turnaround Total We as to last mentioned program reliability resiliency continue planned facilities. turnaround will spending by versus be
also year. are estimate We for providing count the share a
full of XX% However, share look And in finally, year the sustained we XX% program reinstituting in range. covering expect buyback the dilution. EBITDA for to tax improvement, rate assuming a will at a year later we the purpose our
us our be optimizing an digitalization. the in X. our delivery that for the ambition improving help opportunity events our on driven and accelerate of rapidly escalation of by will our interactions the we innovating, to value and part and of become focus Moving our experience has continue COVID-XX XXXX of the and operations. provided the It of capabilities, Through only advances to important future. digital customer transactions accelerate us The digital an experience, were Slide to able customer clear
are machine this our advanced three customers. hands directly on learning expanding and capabilities to modeling digital science of solid by foundation, today, digital advance areas: key First, in put efforts innovation in material and building accelerate plans to investing like our digitalization further So we announcing innovation the tools
enhancing to and productivity further enhance Second, our our adopting buying operations. fulfillment for e-commerce experience and all additional of data reliability and manufacturing demand sensing, our real-time third, digital customers; and operational intelligence the insights,
these these expect annual working actions To generation improvement realize gains, XXXX year-end structural than million an capital $XXX EBITDA next approximately our two return three risk-adjusted spend deliver million with million in We of run over years. less payback rate the hurdle than to in internal by and more years exceeding $XXX additional expected $XXX attractive an rate efficiencies. onetime investment will an incremental we with on
continue clear, with is help will engage that, I digital goal importantly, Our turn our will With our Jim. to to it acceleration customers. how and we we how work, transform us back
