market Dave softening Quarter financial Okay, conditions some remained results earlier. the thanks, to despite Dave. spoke of that Fourth XXXX solid
year ago, lower primarily sales quarter, net volumes. quarter from of $XXX were sequential to in million down but line Fourth with the due a
line to maintaining cost while performance. production We be to more recent volumes, manage with in continued sales
half relatively second our was stable. in work were contract is expected XX% produced as customers steel fourth of the Demand line inventories. and we quarter through from a sold with XX,XXX and customers During in Long-term rebound long-term the metric XXXX, pricing agreements. fourth tons. revenues Approximately of market quarter, somewhat typical to cycle with
non-LTA compared declines bookings QX, XXXX. of pricing to QX to see first we date, expect the on Based in was In XXXX. down additional quarter to
quarter, competitive of weighted discontinued average This we realized disclosure for pricing reasons.
We continue our statements footnote to will filings. the revenue financial provide to SEC in our
million of X line XXXX diluted raw income working net quarter higher or million share. lower quarter for and the costs, changes in per cash capital was Turning QX year XXXX coke volumes of to flow the Slide $XXX XXXX, Fourth year costs. favorable $X.XX offset lower prior operational free EBITDA sales period with specifically prior materials $XXX due roughly needle financial $XXX results. million Fourth declined totaled third-party from petroleum adjusted as to results.
a relatively reminder, payments. cash annual tax QX timing to As be free due low flow quarter tends a certain of cash to
Turning nearly $XXX to In of free flow. Slide X. GrafTech GrafTech flow XXXX, generated has of million track a free generation. strong cash record cash
uses flow approximately of our free or of terms share dividends $XXX cash, shareholders repurchases. cash to returned was In million and half through
during returns $XXX of priority We and cash. of repayment remained Shareholder uses million debt that for also time. key debt repaid the
of Page about to IPO, year-end. and we have XX% our XX. reduced by repurchased XX% of Since shares outstanding our Turning debt as
debt our to strong highly share returns. for returns In focus of free flow use continue debt with a view XX% shareholder We repurchases the XX% to we cash. cash as earmarked expect XXXX, to for balance accretive our shareholder cash use repayment to repayment. about and on plan Given of we generation,
to XXXX, to Capital reduce operating base. us in $XX Slide In allowing XXXX high-quality, payback quick with be turning to XX. productivity projects expect that our increase develop value. XXXX and our on million high-return, low-cost and to focused are range, asset maintain capital we $XX expenditures expenditures customers cost, line products to Now in million the
will In to we invest performance. and safety health, environmental addition, continue in
to regular dividends quarterly our are share returns expected Shareholder include and primarily repurchases.
unchanged. dividend quarterly remains regular Our
on repurchase market We in program will also remaining. $XX share million and share open We The conditions. future further our depend have so far XXXX of market a volumes timing approximately the price, have previously repurchased repurchases of share other million trading million and $XX completed this share year. announced million $XX open market of repurchases $XXX
We of to the continued visibility have our align to $XXX We debt to flow. XXXX in quarter the repaid to come. fourth levels our and anticipate of free cash repayments with the debt further years that manage million in we making debt
I’ll Slide it on to now turn Dave back XX.
