Mark. Great. Thank everyone. morning, you, Good
key If we turn year financials. full to Slide the X,
performance. a impacted earlier, market mentioned be proved which Mark XXXX our environment, challenging to As financial
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per provided share than came third Now X. the financials I'll turn Slide key we better outlook quarter. to the on fourth the earnings in quarter in Operating
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on additional helpful trends Turning X. it feedback on to our segment perspective would some share North our be from thought to business, for American Slide We customers. based packaging
to up up X% XXXX, demand U.S. resilient, during shipments evidenced and by be seasonal to continued Paper distribution in surges. season.
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of maintenance and outages finally, million, were chemical planned the And in addition, lower lower due turbine Planned included In input $XX million. by quarter to million. $X higher ops fourth costs. also primarily maintenance a costs by expense were $XX wood and costs
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Given have to chosen full outlook. environment, the fluid market year a we provide not earnings
both mix well our believe view portfolio, improve and share have to demand and as the and we in trends initiatives as continue IP initiatives improving our will we we will other margins assumptions.
Overall, of financial environment across focused improvement However, businesses. on demand
first expect volumes, Also, the will seasonally prior the seasonally will publication due higher impacts declines of flow an to We be from majority and trough quarter. low January freeze. unfavorable costs the of the quarter earnings first through winter XXXX
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machine Given and benefits closure cost we Florida. our the Orange, Carolina, and operational of pulp Texas, mills than commercial at million should These up include from X in International Pensacola, initiatives reduction more this Riegelwood, North the mill and containerboard Paper's in year our benefits closures ramp and of year. expect initiatives, $XXX through
and XX We also $XXX services. OCC as like general expect higher invest like billion enhanced our demand transportation, to things included cost expense investments continues costs in and improvement for benefits, plan for box Slide and tax capabilities maintenance, materials to in items We business. interest $X rate appendix. between in wages, million and inflation assumptions capital on for improve and Other corporate expense, are the employee on general
Turning to outline our quarter Slide XX. first outlook. I'll
numbers earnings winter Industrial January each for for the business.
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million. However, Orange employee be is to maintenance on $XX by is part we cost go-to-market will restructuring expect strategy commercial partially lower approximately American to some of discuss This due lower X benefits. demand, is the $XX our more costs due of North daily mill.
Higher earnings offset increases from our benefits million. expected decrease in seasonally Operations driven contract offset wages business. higher in fixed expected million earnings input inflation costs that And is offset box decrease resulting $XX and this outage to This Mark OCC to costs.
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due by idling earnings to non-repeat earnings Overall being cost This in pulp price in by regions. increase the by as of of and pulp. expected New turbine million Chinese result in lower to the are $X and inflation. strategy as offset lower our the expected the commodity costs and resulting demand other our quarter, are to outage costs fourth a partially seasonally expect from to stable, and fixed is the Year by maintenance is exposure remain to Riegelwood million seasonality decrease mill. improved mix to our $X machine during shipments volume Operations We offset of reduce
million. quarter. the maintenance to costs lastly, expected by recall, was expense machine turn $X back Pensacola outage earnings decrease I'll idled Lower expected Mark. over earnings $XX to in And As already third to higher may increase input our is you mill in the by that, million.
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