you Chip. Thank
increase. of aero across million gains remained Most key transportation quarter was growth segments. aluminum for Revenue commercial and $XXX defense. approximately slide million the to $XXX engines, the results in markets by at healthy, driven billion, quarter. $X.X or of all as XX% and up accounted our Revenue volume first the came key X% six financial for or year-over-year including move for the Let's prices automotive,
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million year-over-year to be will price at million ahead we expect $XX prices. second an Looking that to unfavorable current quarter, the the impact $XX aluminum
aluminum earnings on price to will call impacts We continue future out calls.
to aluminum note. further addition have In we higher prices of two unfavorable had year-over-year, items
new First, inventory quarter. the which in an not unfavorable repeat of will impact pension standard second the
IGT. mix factors unfavorable relates aerospace to second and production an at market wide-body The
savings. Our previous were and global net My impact automotive, unfavorable items partially of comments engines, and by the include gains volume products in performance rings, shortfalls cost in offset aero operations. the commercial transportation disks
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share quarter expect and to in it excluding on velocity of insourcing million change $X.XX the pension expense The year ago contributions capital $XXX expenditures same the offset quarter year. basis million impact working quarter year-over-year as makes Lower working quarter, days. higher of a aluminum of in higher Capital Diluted this focus items earnings interest were sense. the lower per million than tax in continue our $XXX first year $XXX $X.XX, XX% XX% to flat quarter full capital through We was of on XXXX. of be first which at where the approximately operational than versus first higher operations plans of or is the prices. a a Days in first favorable were special increasing and range a rate XXXX. XX we the was XXXX
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redemption million the operating Now minimum above slide let's was move quarter structure $XXX finished debt March. with of in the which million debt We cash $XXX capital at billion on $XXX $X.X $X.XX the million. after cash early completing level Gross now between stands of our billion of eight. to and of
We have per reduced debt which of $X.X separation approximately XXXX, million paid November year. since on our by down has $XXX billion annual X, the expense interest
XX% since the of X.X Additionally, improved times. to net EBITDA to XXXX has end debt
year. driven million, non-bargained reduced hourly the Finally, was for salaried and pension $XXX effect and announced quarter, associates. April X pension we the and this our on took U.S. liability cash contributions This in in by January of our by freeze
liquidity liabilities. billion $X we Our committed strong our to at debt our reducing and remain is and over managing
in let financial a On the over the the clarify Before annual turning few XX that me quarter of summarized accounting adopted back Chip, guidance. number will quarter items we cover our key have further results a and guidance. in for to changes were accordance that FASB appendix, with slide this it
prior as benefit post-employment cost pension as have of periods operating other period other statement. income current expense and First, the for and income and non-service the on income been related well out reclassified into
periods sold Please to cash well from receipts from on the flow our reclassed activities the that as the have funding securitization we in as note current from AR period change cash not cash did operations prior quarter been receivables investing from for cash from cash Second, statement. net program. the
we As consistency classification, maintain Slide flow receipts XXXX a change. result cash have maintain with details this definition more provides our receivables to cash to free comparability this guidance. the and sold historical from revised of our include XX appendix on in our
measure call, with period from finally, changed Third, to have segment to income items previously periods presented profit debt to from financing EBITDA profit on activities have our conform and as metal we have as I operating of segment note current recast adjusted early payments current that as cash year to presentation. statement. segment well note, the were periods activities. as primary cash to for corporate been flow derivative income related the on prior out profit pointed fourth to in the will more operating that align from our the prior lag, eliminations quarter And includes statement. reclassified on intersegment performance operations namely Please also we redemption performance operating LIFO, the from price segment included closely cash been certain
to in reconciliation XXXX We to quarter. operating in presented appendix, slide which special we as profit slide Also summarized assist on have XX in performance of appendix, the transition have in as adjusted XXXX. new XXXX XX the provided to segment recast measure. for in The slide EBITDA details provides the items the segment the
were charge first were costs incurred related to Tower expense early primarily $XX advisory redemption In million also in freeze of we the to touch February to $X pension curtailment, $X just Grenfell we charges me of which other million external to in Let million, on quarter, the legal $X XXXX had consisted related pension which announced briefly. Also a million the related and SG&A. which them the recorded in our Restructuring quarter, of related interest January. notes.
XXXX would updated give context impact to Finally, aluminum our like guidance. some price on I to you
utilize degree, prices aluminum As and results upside prices increasing the company a Therefore we LIFO a downside on with companies. in increase. will the extent impact accounting the to to large a aluminum the prices U.S. comparable our volatility presence, on greater both than down greater when when aluminum go
discussed our and as unfavorably As aluminum this prices of the aluminum up on It should three calls, down, last impact over go that previous aluminum note call quarters. important have prices impacted results over offset. time prices to the and is
increases times during impact to will you our of significant However, decreases, steep results. see or
steep aluminum With tariffs currently and Russian we increase. the the sanctions, a experienced of have announcement
Alcoa, aluminum fact, increased In of separation than the prices XX%. since more steadily have by
continued aluminum aluminum these with unfavorable impact guidance. levels. current this is separation. that sensitivities said hold offset estimated assumes our elevated Moreover, The to Should prices guidance the prices historically impact positive have prices million our for there consistent approximately updated a with have overtime, impact be $XXX communicated previous metal along lag year. and of falls price Unfortunately, we through have cycle. statement tender aluminum our to XXXX an metal will decline, would a price While assumes that increase at to lag metal rises and and since LIFO are
lag, impacting In our guidance addition we impact million to to and aluminum with the items year. have public related XXXX for $XX sensitivities of metal the two approximate further
Samara. first April purchases some Russian to our mark-to-market mid in as losses as on for aluminum contracts derivative our quarter relates aluminum plant to inability the first our The in head well on
of a scrap impact our guidance. aluminum to The XX% on results original a are from currently scrap has this unfavorably relates increased which remainder Since second year. through we our discount net seller, will the the
melting aggressively Arconic are as to of in by the as working leveraging usage capacity. houses improve new scrap We our network investing cast well
us guidance. it back turn Let update me Chip on now to to the
