Thanks Mike.
quarter. growth return in for Sebree’s a On the up high the as of fourth restart prices X% slide and detailed quarter-over by turn Realized Mike take Let's production as consolidated earlier. results a shipments to you down of prices. and result the driven were X% through lower-lagged quarter X full LME I'll Hawesville level basis,
$XX.X million at primary results, loss were related $X.X net an and of or million realizable the this Sebree EBITDA adjusting adjusted Looking inventory and In a the share. of we million a operating was net adjustments. failure $XX QX $X.XX loss items value had equipment million $XX quarter adjusted to for
little adjustment. Let me give on the you a detail Sebree
line insurance million a f$X from expect fully all net policies outage we our reminder, losses our deductible. of from a QX As recover of
continue they In quarter, occur. of incurred million impacts we and $X out mentioned cash to associated related we about as call the we QX Sebree last receipts P&L As costs. restart will in
of claim, for We about insurance also impact the netting initial $X quarter. received to $X.X on million worth payments our adjusting overall the million
remains mix liquidity and with cash available a credit strong via funds hand $XXX of Our million of facilities. on revolving
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credit Our one repaid was is customer of of shortly payments fully facility in quarter-end. upon January our receipt after largest that due
Okay.
of driven was largely regional a the we the I the which restart our of lag a to quarter-to-quarter in sum X tonne EBITDA down million The and Midwest tonne, $XX Let's million our LME Seasonal power decrease and basis, $XX forecasted EBITDA go $XX and On call. of bridge during drove LME last was million you quarter. U.S. EBITDA. through decrease price remaining related EBITDA down as QX. was versus prices by slide QX to decreased walk versus $XX premiums adjusted lower increases adjusted per Hawesville on $XXX majority of the drove premium in investments could the
Looking production alumina $XXX dropped to equates spot per $XXX to prices. in to XXXX per point $XXX important prices costs. of QX decrease tonne have our out reduction Alumina ahead realized per $XXX tonne at a it's per future, tonne That that current to significantly tonne price the from aluminum in in
the lag, Mike of As QX reminder, impact a out on P&L this a EBITDA so earlier. in impacts we cost our alumina as three see beginning will favorable month reduction pointed
decrease levels. a is specifically about U.S., translate Midwest tonne $XX the delivering EBITDA down per each. both European to and down items $XX These and million QX lag from LME million three of premiums QX the to in are $XX ahead the lag tonne Looking $XXX per
QX our which price realized approximately flat in aluminum $XXX per price in realized largely our is be with expect QX. tonne to We
realized a realized expect million. prices as result flat So decrease EBITDA alumina $XX of to of million costs, a see in we net $XX lower and to selling QX
to we'll let's at cash flow. X in ended We the million. started and quick $XX December cash and $XX slide turn look million quarter Okay, at take a with
cash an million million. million, had we for of $XX offset wide and net inflow we $X on on by million quarter, restart our of spending of the Hawesville all CapEx. $X During claim payment company for with $X associated received was $X Again Sebree other which spending restart spent insurance we of a million advanced
As usual remitted outflow our we semi-annual our interest and an these advanced provisional a million. business items in Each the were normal fourth bond quarter, tax Iceland for payment made payments. of of $X
mentioned year-end, I had additional $X we earlier, while the outstanding during of borrowings at mid-January. this fully and paid this million As quarter facility was our by on down revolver was
Finally, we driven was generate by in improvement of which million cash. improvement in The capital a QX working in reduction marked $XX saw largely inventory. helped to
from highlights Let's turn give of you a overview the X and some XXXX. slide quick I'll
the XX%. the LME the materials total in Despite historically of As the adjusted the Section million. of quarter, year our markets, percentage of capacity restart a a to our active is I schedule achieved transitional and level in at outages, five year EBITDA on and labor playing normalized will high-levels. plant. global ahead was industry schedule. an most alumina XXXX. headwinds budget, be overall. level project decision a mentioned notably $XX XX% a for at price reached last Alunorte Alumina was field versus tonnes reach raw year to we alumina agreement restart XXX The and year, Century effectively year more tariffs was of We in over supply prices new on drove caused the year as Brazil Hawesville. helped XXX,XXX in Sebree of Averaged annual completed a XXXX This for completed The a early
last to prices in QX have several to distinction note of To price. improvement would three is previous we making choosing. year aluminum throughout we for you vast XXXX. with as business we be and realized standpoint like to slide is QX prices to alumina the the through QX. assumptions this let's our European the index as aluminum forecasting discussed the of pricing important It's As premium pricing be you the flat of pages from see prices quarters are and QX The on tool the that due split the years, a earlier. will commodity provide the current impact between XX. expect forecast year next prices relatively the consider we reflect EBITDA spot most back The in end XXXX that majority turn already to reason in throughout your cash our done Midwest reflected we to page you late lag we The XXXX. high in evident are and are where from using
the in throughout We the normal raw cost seasonality. flat two slightly decline expected are to QX key and anode QX compared expect during power be XXXX. our year to Pitch, to materials carbon largely levels as from Coke representing production used
in we as the movement of reminder, included prices key in and analysis used appendix be the EBITDA calendar over business output sensitivities to our a As guide view of key past. impacts we today's an These input the of how year. can have sensitivities presentation, understand the a have the updated discussed
Okay.
turn to further Let's take XX insight XXXX. some into you we pages the have first of through give prepared page will you I and two to
to shipments of lines XXXX to the about Hawesville. tonnes more about restarted tonnes XXX,XXX XXX,XXX or incremental attributable our expect XXXX, in We be largely impact than
the Our two for and remains both pricing and we the lag a that Iceland. to assumption continue U.S. months revenue from in relatively XXXX unchanged roughly lag expect
will – cash based one not lag. Hub added from on LME. months virtually with show components the components carbon it's Hub Our net Henry in Mt. provided through a to and Kentucky Alumina the using shown month gas two Holly bridge page expressed contracts Please a on lag costs of gross while three cash a in to and bottom be cash no portion will presentation. the cash are cash is level. directly natural comparable costs Indiana QX costs. our flow tonnes on basis, we appendix cash themselves I’ve and net today's our cash that plant XX for through and balance cost tonnes about value net all as Power tonne of a that slide similar price and lag plant The on plant previous price years value on worldwide. to produced. Please The with and continue from P&L to alumina a XX% smelters The back of using interest, while basis XXXX the is our The contracts of two based overall net note include production largely over of plant have the premium expected know per sections by our on cost CapEx flow to costs market mentioned the that presented benefit cost is SG&A. to $XXX current driven premiums a earlier. alumina exclude to reduction this premium reduction the final carbon box the the a
million will cost I Interest our for on and $XX some basis. on a XX SG&A book of $XX assumptions a a while $XX on will page our million cash $XX to a only XXXX. costs Turning book expectations will or basis basis. cover million cash cost million on other be basis, be
$XX Our related related million for the range million be spent. of $XX to and investment CapEx million spent for is in expected to maintenance to $XX million $XX
Sebree both the be in $XX the Depreciation anode range. basis be European than planned Hawesville. From of $X of to income perspective, million a in to plants, on investment rebuild less capacity million an and but manufacturing major million taxes impacts $XX income we cash Iceland items the XXXX book restart at a and our at casting completion about million forecasted less book a on billet Our for is investment while include continued expect tax to furnace U.S. $X and of be our baking will cash basis. income than the XX%
are Iceland in settled reminder, one a year arrears. taxes As
on LME Finally, flow costs this thank This basis. tonne. comparative attention. to call session. to I'd to we our even prepared like to direct that to time a over question-and-answer We'd expect Please for is X,XXX the you turn concludes Tanya? cash our Tanya be remarks. note break begin back your per the like $ and
