you, Thank Okay. Chip.
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to key achievement Now X. the quarter let’s Slide on move second
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or expenses, flow working was year-over-year than year adjusted basis. a more $XXX in For quarter, operational the company in working million, drove on with more Corporate overhead we continue improvements cash six-day renewal, the finally, XX% excluding renegotiated special capital fees reduction and free favorable capital for to including days second a as total, terms. a as ways reduction revolver basis, quarter reduce our corporate doubled items in on the to prior in a a were favorable year-over-year our And in look we three-year structure.
let clarify financial to that our me turning cover few will Before back items further Chip, it results. a
we First, that will than have two slides have provide previously detail included provided. more we
on Slide the as XXXX. segment a presented provided to First XXXX operating had appendix. EBITDA as profit XX We recast of in previously in adjusted reconciliation in
statement. operating with changed income as operating of recall, to XXXX profit you As to our on performance measure segment presented we align in more primary the may performance EBITDA closely segment adjusted income segment from
There charges Slide and just your derivative change OPEB, guidance, summarized cash summarizing were major Tower, charge items quarter, the In in and expenditures, our the have of flow SG&A. special guidance, XX in York to in we of convenience. in of pre-tax, Slide relocation also adjusted $X cash million to New consisted We capital have quarter. working have for incurred which and free the of LIFO legal taxes. to reconciliation. Restructuring-related to were million primarily appendix, no advisory Northern quarter, the is the appendix, the pension, $X for On we’re including the million elements costs ratified we curtailment second office $X pension related added On which the Virginia. recorded XX activities summarized and that second with Grenfell contract other external $XX we union a million to of related was capital associated
we million reduction a introductions. claims, in discussed, to of product previously principally had customer As for revenue related $XX settlements certain
for to the associated charge the Finally, XXXX. items related enacted $XX was in million, appendix, as reduce cash, stands part of one-time an revised a XX of was continues structure stands to billion to approximately and with – now million we and the $X.X X.XX have manage as to Cuts improve discrete of estimated tax continue Act Jobs net the our Gross the $XXX We transition times. capital that our impact of finished primarily $X.X estimates with quarter $X.X on tax at debt Slide On debt provided Tax up update quarter we of and at EBITDA liabilities. billion. sequentially. stands our at billion, debt debt the Net
for I Finally, context would you of the give like some remainder to year. on aluminum price impact the
price for year. of guidance Our aluminum remainder the ton in $X,XXX per of the assumed metric
The second metric at quarter per average was ton. slightly $X,XXX higher
prices second ton that volatility lower quarter quarter we’ve $XXX understates lows. recent aluminum metric a the metric per more won and than alone, ton, at quarters the ended that approximately the aluminum While prices between high really the seen. In X,XXX
per metric this Given remainder volatility, unchanged price at our remains $X,XXX year. the the of ton aluminum assumption for
at per metric versus impact average to our our Therefore, that the $X,XXX means year, price estimated remains of guidance. the million, impact unfavorable the ton, for the XXXX unchanged second-half in the price line as with first-half of which to For to of $XXX which year the price unfavorable be aluminum expected equates higher aluminum year. full-year, is compared approximately an the is in
our spreads. continue as of We impact in in risk Russia, Samara well the as unfavorable to scrap facility have
back annual our Chip to it XXXX turn Now me guidance. let to cover
