Jean, Thanks, this call and thanks to the everyone morning. joining
results disappointing. great several areas, key were our in quarter and progress While we important financial made milestones achieved in total, second
AMAK consecutive quarter the million, for of the $X.X Reported quarter XX.X% $X.X quarter million. decreased -- was and was mining from EBITDA adjusted operation. the the quarter income the which third earnings equity period in second income year quarter positive to the in in net contribution from included million, Second of same last adjusted net compared to $X
short we've with as the campaign plan. expectations, to our foundational fell steps multiyear our While at of we Hampton, beginning taken benefits the quarter project as of primarily well realize are South in our the our results capital transformation
the to details in of Slide quarter X. the Now
excited With the only our it the us of last major improving the chemical commissioning the advanced and but does teams are allows to project with on to the Not to our facilities in capital this singularly reliability and start market, research position July, consistency to have we production operations. state-of-the-art serve focus of reformer completed.
generate Our plead in to the is in about ability solid future. we excited our place, are returns
at at in Looking Southampton, it own several customers, We was all they with production as disappointing disruption experienced a all, quarter. their dealt order specific issues.
reduction in As a a order saw result, significant volume. we
including impacted and these to quarter. detail more combined nonrecurring and operating in costs overtime of the even addition, low in leverage, rail the costs, additional labor like car margin operating costs, management contract In [ph] related Sami will the reformer, training higher the negatively later. commissioning with advanced discuss
a resulting customer in in million we with, culture TREC reliability solid Chemical net few to in on On first continued demand equity the record improvements operational the the near strong cash earnings and see excellence was in amortization, [indiscernible] of the in meet delivering income over a wax results second did the AMAK processing depreciation focus before to revenue $X that generated quarter July. quarter, market. in in despite delivered $X.X flow show driving Trecora million present quarter. wax TC into This of a other late as wax experiencing disruption weeks the we hand, production custom record volume.
in will will discuss a it You of more facility, in refinancing credit X-K and the have Sami seen detail. our
deferred American Slide the quarterly sales us [ph] shows [indiscernible] to along of participate as resurgent breakdown making in as foundation X North production industry. eco total investments a resources. Our improvements facilities organizational changes laid the and with are well process we in of for Southampton [ph]
the down decline and commissioning issues is by well result anticipation prices negatively volume a and year-over-year quarter, volumes primarily impacted non-recurring was helped sequential Customer impact. of material of as product operating as in end building a accentuated quarter-over-quarter, of Byproduct as costs -- mitigate prime the the in of rising volume the market While startup [indiscernible]. down our the volume optimized sales from allow the benefit often advanced -- largest will fluctuations uplift, compared XX.X% quarter the XX.X% us of volumes reform. as experience quarter. project were The in to XXXX. second international production smooth recent We International the second is from product quarter margin to in byproduct in through of as quarter-to-quarter. third
sales XX% we of will quarter XXXX. You into about recall, volumes first the in were
We growing to conduct Southern focus focus or Asia. no business and Union. America European China South on on in we a continue international the with business, Currently,
we tariffs, from we monitor while impact today, continue to expect So actions. proposed such no
Our to tariffs as customers appear unlikely that are confident impact their to well. ability compete
from the PE ship follow-up order We coming received to East, customer in shipments in a new expected are in plant months. continue PE large to Asia we the of the Middle and
purity We with continue technology leveraging the customer track the grow new to our to and exceptional U.S., service with products, ultra-high outside responsive and providers capacities closely work supply chain.
through work growth production return issues, their expect we in a the XXXX. second of to customers our half As
is quarter. the of We expect first North due new from fourth to American flow in PE a start that orders customer up
is Canadian purpose customer well. on this It bring second the just supply longer for customer, oil on to sands has reliable positioned taking board. us addition, In
barrels expect both and X,XXX plan second XX% the have XX% of quarter was XXXX. feed the based of with capacity We per XXXX. in in in quarter for the XXXX utilization to day years. for of compared our first this Capacity quarter XX% on fresh in utilization [ph] Petrochemical is
and under up is running. discuss has of from adjust [ph] in increases X to is photograph of margins same time, gasoline the we and SHR, prices will this photograph remain on detail. treat slow in the improved as you ongoing natural pressure, Slide market. advanced QX, they a end Sami fusion showed more While The result this but it
optimize continue very even We under been in pressure. QX. have well, million holding benzene pleased performance $XX prices is project Margin uplift this have are though and little to during service, a to we'll
with will expectation annual will to by EBITDA grow, sell between this we EBITDA in it from million the As million XXXX. $XX $XX more unit that pentane, deliver
into Turning Trecora delivered quarter, X. million. a supply to we selling on X.X% solid value pricing Chemical revenue in reflecting record XX%, TC feed. results, and issues into to Wax $X.X Despite up Slide update the increased increased Average revenue experience for volume XX.X% year-over-year. to with strong a sale enhance at our wax results X.X%, strategy year-over-year continue price higher an marketing the markets. to wax QX -- increased
improving We the and issues plant of and significant We declined number XXXX. meet to revenue the of to efficiency, quarter reliability demand. to us believe experienced Second implementing we a be. are second custom quarter opportunities processing where get need compared during quarter and are steps to X.X% we there for struggled
made on focus future. our the see enhance focus -- -- these And benefit organizational changes the several have to in expect to we changes production. to near We benefits of
together He on and X, We need get a to we an that exciting number on call. have initiatives. Loggenberg ideas -- is mentioned the our can team executive us last be. already man Peter on is Slide working put -- We of where we
to to us also very commercial also from sites. the Townsend lot focus became It level. manufacturing our clear board needed in the down value and to on that step bring to of highest the changes segmentation efforts. total market lead aspects we I was and to call, to our I had offered a we It considerable clear fortunate we mentioned two work have last do. the was Dick of were On spending time And our
is implemented We always so base the and are Gun behavior of people the execute skills very standardization driving to will all responsibilities Appropriate across organizations pleased are the expect to training same be X, have marketplace. safely priority removed. the we efficiently. process and are [ph] we outcomes that is human clear and close playing to sites, very speak the Mike ensure our group Humby Safety sites and factors to The ambiguity attention to roles in safety. both have tasks and with language. aligned being
take is value market be leading advantage position internal our efforts a reputation to additional areas. Slide to at cost few costs focus key X overview and to full and of and Mike the unlock rail review. customer SHR Turning headcount emphasis the managing show both of Clearly, full an commercial to under appropriate will already service and TC, on are with focus, a segmentation. market
We haven't these done improvements in see -- we [ph] will areas.
For more of example; control advanced understanding our reliable a analytics deeper chemical help improve in us consistent production. and to processes and
manage ensure but however, aspects long the things. We successful also do will and to of are avoid the term. in on safety and on we'll side surprises of safety, equipment the best longer-term to work on integrity we will Obviously, process expenses we business compromise our our not
third TREC sales. sequential It AMAK. on and update an a have quarter, consecutive for contribute significant with to encouraging X Slide a equity concentrate in earnings AMAK to Turning is to for increase
the delivered half result $X.X depreciation of of As year. higher loss AMAK before in XXXX in net a of and first in last million compared of first the a to half amortization profit $XX.X production, net million
better doré of the drilling The So allows sector for has next gold continues. has improvement circuit veins. a But the under sales of metal silver AMAK the characterize slow, the commissioning, expects in some with delays months. precious to this been gold just XXXX. more a swing by various now million. but Guyan time on And Progress couple of [indiscernible] end experienced expected
for from fallen up highs, were through the up and loan -- recent prices AMAK down zinc XXXX. have schedule, XX% zinc are the On lows XX% repayment prices copper prices is closed when July down and are and recent November terms extended April metal amended from from up XXXX. Although Copper of the highs. XX% was SIDF was about in refurbishment XX%
due of in payment June first Our XXXX. is
to consistency These financial [Indiscernible] minority including improvement to recoveries -- the more fell during share growing certainly the solid operations flow predictable slightly in the and water developments quality QX at by AMAK, buyers. the more cash metal a potential recurrence generation. issue. due of quarter encouraged are attractive continued in We make shows recent of results our
to was have in a recoveries be that months, and the be their continued optimistic will with upward on trend. coming Fortunately, sustained quickly continue improvement year. first and this to to half, strong resolved, a expects AMAK we good able be show XXXX
call Ahmad, detailed Sami the a Chief update our Now, Financial to Officer, I'll over results. for turn on the more
