Good you, call. 'XX fiscal earnings Michael. morning, quarter Thank everyone. And our welcome second to
I'd presentation, formal achieving congratulate to our record. with like our begin we Before another on employees
in best represents second EBITDA history. you. adjusted quarter's This thank company's our To the our all employees,
century. commitment of company have hallmarks to continued our to creativity exhibit a excellence over have the that and You resilience, for been
humanitarian You've also spirit. shown your and generosity
up and offer our second and to its force support. many those to thank employees enters forms Ukraine have our month, of you. aid remain, invasion company who Russia's to those flee Both of and to stepped As
and quarterly for meet update underway our increasing the initiatives demand business. also our I'll the review trends structure. create I'll on performance, will questions. the then have both services, provide and financial to capital more our an results then to affecting and detail today strategic call wrap long-term we'll Our we your Richard I'll and provide our products and financial on up investments, value. CapEx take
now So Slide get turn to started. X let's to
delivering products launch of carbon-free Companies we we carbon global respected Cascade of innovative to the most and list primarily located As ranked I steel also critical XX core Cascade's long-standing needs of the program. some aspects Corporate has organizations products sustainability named our what created EAF the introduction various been sustainable line carbon for our world's us March, say, operate our year. number is zero Ethisphere Cascade World's and the founding in Since in future. was work announce how has sustainability the I since Ethical GRN of highlighting at eighth for the of by product powered this a carbon a for us last mill the pleased in line recognized products we've companies call, of do well several our one XXX emissions in Global through often meet their Knights steel net consecutive Steel, of world evolving transition of of our I increasingly emission XXXX. hydroelectricity. by to the been Most reputation low technology lowest ever of that the on role earnings the from new exemplifies customers. our Oregon. The
goals underpin which profit Now describes view framework. goals encourage multi-year people, more you our see visit our that planet, detail. report, latest on and slide, in you to this to our our our sustainability I can website sustainability
Together, these earnings After turn fiscal adjusting 'XX performance per morning, this a the earlier reflect history. first announced we first delivering let's record second results slide $X.XX. now highest earnings, company's quarter So to in our X. share half quarter our of
for benefited recycled increasing with first metals, results global quarter prices or quarter, non-ferrous average volumes selling ferrous and for from XX% to highs. second and sales our respectively. finished demand non-ferrous near year-over-year by and steel grew ferrous, the all-time X%, Our Similar strong products at
consecutive Our we results the we steel XXX,XXX included in stock a increased XXXth our of repurchased issuance free Recycling record contribution and our our generated the outage. during Finished sheet October. quarter, full dividends. mill positive acquisition shareholders our up of We strong. Columbus steel their sequentially and the cash our uninterrupted the remains we through of quarter of after flow as balance returning assets, volumes shares from continued quarterly operations We of which completed completed sales to ramp capital
chain continue to remains supply and by disruptions, be services we demand products our impacted very global high. for While
Our and outlook volumes is quarter strong we and to our all sales product from lines the expect third price higher our strong benefit results in environment. both current
recycled for products. Let’s finished turn slide steel for now review metals of a to pricing and trends X
availability. are exports Ukraine higher flows by seen quarter during a spring end with this see for by and their by the the quarter Since ferrous metals with As primarily high record pit-up reversal highest increase at second activity, semi-finished driven the construction and in the Supply of sharp you slide, of by market from prices continues on end. strong beginning Russia. on QX, weather, at low better pricing the a tight can ferrous technologies. driven long for of deployment increased highs, the followed in also rise remained from dip industrial iron in and prices and prices, spending. levels historically quarter, reaching towards recycled Demand prices increases shipping during supplies, Copper near to levels carbon multi-year benefiting of products strong, and the traded supported or constraints, lack slightly aluminum scrap trucking a we've
environment, discuss services. are by for Let's current trends metals and for the there long-term the of products some and drivers. turn In now both to recycled term is longer to X recycled Slide Demand several. demand underpinned -term
semi-finished units from has the the shortage invasion Ukraine, the First, of alternative region. metal Sea Black which of Russian subsequent and led to
Second, supply. in a the demand other demand up pent appliances continued up products and corresponding for on recovery continued pent autos, without
shift in in China of that of industrial significantly strategic effects reduction reducing created to a covers into carbon recognized than their In metals carbon shortage. recent see for the directed important an And carbon the next The capacity. low produce projected portion underinvestment trends the are and structural scrap lastly, years and recycled mining, material technologies is metal which Decarbonization structural in U.S., three over metal translated less charts on have demand committed a capacity, to to the to of is to at on the powerful are solution by as this metals for all require acknowledged companies, which widely ferrous as focused We EAF production Europe China, more a the material just longer-term, metals. material the Third, steelmaking to can is landfills. slide. which is governments increase intensive. these mine uses in demand higher has use of cycle and metal industries COVID few looking lockdown primary and driver raw its regions. scrap years how metals, which of be
supporting summary, there's use trends continue pricing recycled carbon scrap past increasing are higher reflect have with near-term higher addition, maximizing the are the of demand higher and reduce metal makers to process. both levels BOS, the associated and demand to than in their In products, using longer-term and peaks by for In footprint who steel steelmaking we trough seen decade.
aligned which X Let's actions are the underway, we strategic trends. have Slide turn review with now to long cycle to these
services fiscal metal advanced activities. the target from meet all enable And culture, the strategic that GRN including as manufacturers retailers. productivity for and we to provide with processing, our such in Ferrous metals summarized investments Steel X% we volume are shredding system and offset major us fiscal Our inflationary baseline. as 'XX pricing environment our to increase our $X.X the where operations in logistic and aluminum and more of on can growth evolving priorities buckets, in undertake part a recycling lastly, experiencing. to be is demand extract non-ferrous and recovery annual improvement average that metals technology of representing million at an we Expansion our to tons, our products procurement 'XX services of focus reverse our launch initiatives efficiencies, four to copper our recycled
this we been see slide, progress four making areas. have on you all can significant in As
$XX We per EBITDA are ton. on expand track approximately once which ton in aggregate to goals, reach to completed our by per margins ferrous expected are our
over operating performance. So to financial our me detailed it and turn now, of Richard you more let for
