the quarter June for Today, afternoon. good and XXXX, Commission. Form the Securities with the filed ended Thanks, Exchange And XX Jim. Company XX-Q its
As its entirety. in this always, filing I you recommend read
Before into improvements to the Company create is future provides areas Advanced on sustainable that I Company that a quarter, balance our core created We've for and we growing, the generations. in details in employment We've executing the ago businesses to on focusing place growth. reiterate investment like would a put capacity made the the Materials, for Print, years by in strong with sheet Chemicals. I of X.X for get the plan
expertise continue to Chemicals. We we for and in Print, areas Materials, our where can Advanced explore growth leverage
million. million income include $XX year million improvement quarter, increased by liabilities. $XXX revenue prepared, to expense we are net The Adjusting the to slides of the favorable noting Slide Company each foreign $XX million loss in second-quarter related million shown first for and Company second a XXXX, U.S. GAAP Second of for basis, impact compared of in significant prior-year the reported prior-year Quarter share metric value I for half and and and details continue of respectively, the $X the in derivative embedded On XXXX progress half $X to a million now exchange to of the Quarter plan. to worth progress results, flow for $X On changes of year-over-year of current quarter. to XXXX. quarter in improvement the will of the our compared the revenues on of $XX operational made EBITDA, has Second a XXXX. the with the we've X million fair XXX pleased quarter first quarter. plan we further million reported cash compared And prior-year the for I and of We income in execute have an results is quarter net long-term the XXXX the to of $XX that million and for we of the
million of non-cash also $X results and changes legal compensation XXXX reserves. related to The million income include of $X second settlements workers' income quarter of related to in
in reflecting XXXX decrease for $XX Operational Compensation excluding Second offset pay furloughs and $X,XXX,XXX that items, $X costs manufacturing items a favorable partially absorption an for When Workers by the was of impacted the income by EBITDA to $XX prior EBITDA from XXXX increases cost prior-year million a was quarter in the favorably cuts period key savings XXXX. improvement to reserves. improved compared largely million million. sales and Operational favorably temporary $X,XXX,XXX Operational was impacted and in prior-year for areas improved Excluding in EBITDA $X these operational million. quarter, in quarter January compared by in volume, by product growth from for quarter. the Quarter ended due the EBITDA these loss a exchange a positive was foreign of prior-year to current and negative in
was During by SONORA to improved the annuity turnaround XX%, quarter, revenue as pandemic Process-Free impacts for the second volumes PROSPER COVID XX%, Plates which for by the market attributable the lessen. improved and
We continued Materials. to and invest Advanced in future areas of growth ULTRASTREAM
and prior first-half first-half compared half charges X We fair the the $XX to include first -year. revenues XXXX $XXX reported prior in income XXXX, exchange of $XX $XXX the Slide net for to million million income of improvement $X include XXXX of changes loss The $XX income in impact The for of non-cash results million. $XXX of Compensation the related related to current of a the a of -year. in million legal reserves. derivative $X period reported to embedded million to favorable Adjusting the million million related half prior-year to of million million compared the we of of first million by net increased Workers in $XX Revenue value the results for of foreign an settlements to Turning income $XX compared for liabilities. year. in
The million; $X non-cash $X impact income U.S.; of as an deferred a the valuation net gain half $XXX allowances reserves million and to of of also expense outside of a impairment increase name result the $X first million; accounts increase the assets. trade related in includes of receivable XXXX million on sale the of the in a tax for
Operational million Excluding the a reflecting in these a of for improvement to million current million $X prior-year $XX was prior-year period. $XX in the a the loss prior-year period. for $XX million the EBITDA XXXX and million $XX to income prior-year period compared of compared - period, from an items, + was
market foreign in in was -year, manufacturing the accounts in from Operational annuity furloughs reserves EBITDA related a and current improved temporary in partially for cuts ended pay EBITDA impact in largely the revenue the prior-year volumes by pandemic. prior and year, which the million. improved impacted and attributed by an XXXX improved absorption XXXX. Plates in was offset by and the improved PROSPER On in increases key by decrease to Excluding period XX% Process-Free receivable to reserves of the a for XX%, SONORA favorable January areas year-to-date and that cost COVID-XX compensation favorably favorable due in growth by costs Operational to basis, volume the for workers increase exchange $XX from savings sales turnaround product
We invest of and growth future continued to ULTRASTREAM in materials. advanced areas
prior-year cash $XX on $XXX during of compared and XXXX the of million in Second I December and just profit. more $XXX quarter, An to million million in driven described. to increases the cash equivalents. Second presented improvement than by with slide XX Quarter on Company as Quarter, we the revenue The million the have in cash $X and used Moving X. ended Company increase performance cash from
$X,XXX,XXX. in and are liabilities by outside in volumes cash in for June the by million. changes $XX XXXX $XX operating capital change Included Restricted fees activities $XX of half under of half, activities first by in of December million liabilities. of million, the after compared $X end of in XX/XX. a required the announced the used sheet in activities the XXXX, million increased from accruals are XX, result liabilities the period. activities and increase increased of net quarter decreased in $X financing use was $X in in to the in first was XXXX. in an and earnings of was financing working the various cash of Cash used primarily changes the Company Accounts of million sales working of was cash flat the experienced $XX by For payable $XX has Cash changes million, facility. restructuring in receivable increase million use and by $XXX contributions manufacturing $XXX half payments, and cash in at including other X and a and months credit in plans pension the driven in the transactions expenses, million decrease collateral driven by XX million, prior-year with financing of financial letter activities Cash million $XX by This expected capital when provided $XX compared other from investing decrease used balance inventory of U.S., the the from cash year. new incremental ending accounts included provided million, million cash million, a to These a prior increase primarily $X XXXX XXXX. on was cash first
We to Company. the an reduce on will continue to incremental for And restrictions on we for cash. focus upside opportunity this as liquidity view alternatives
remain will all in back covenants. to the we turn with Finally, compliance discussion I now financial applicable And Jim.
