Thanks, call. Ben, thank all and for today’s joining you
Let’s the dive transparency facing the segment. and our with right opportunities of we previous emphasized call, challenges our Tubular Products our Products into our stakeholders On segment. importance Tubular regarding both
our In culture strategy. playbook, the to continue established follow first to quarter, focusing and on we top-down improving our safety, approach our go-to-market
from arise within related materials them ensure end-use customers. the or these to distribution the tubular to from Tubular. have in highly customers operations of project challenges are our primarily issues previously continued addressing and committed specific attuned proactively we sites to or As our demand We fluctuations our Ascent or remain success to are noted,
acceptable a that we’ll resources obviously With return. meaningful the financial not impending generated have exit consumer rate our of of and operations, of an our eliminating galvanized pipe tube and operational be
resources the and of our focus product capital bandwidth to all lines. are We on freeing value-add, about defensible our higher more excited up
the As inventories for are historic our Center Service lows. data center near Institute, service from currently the their Metals
and of we the in their more reversion levels, that inventory normal expect centers channel. service distribution inventories to this signs from a slowly normalized to benefit are we beginning back and from to today, level As historically are historically see to restocking
Overall, pushed as expected be taking a which though remained some segment customers approach. markets out are Tubular in the operates to caused of even a orders bit has resilient, our have uncertainty wait-and-see the our
not really we’re with order that the are they in delayed few of uptick the weeks, capture some seen a have cancellation. past the few even seen way will over continue And if We we we’ve optimistic orders much of these to ultimately months.
let’s Now segment. our Specialty turn to Chemicals
course Chemicals year’s a of of calls, in said we the has these growth ensuring to first and to destocking Specialty are pressure As confident our year. facing half and become we that several significant have are its from we of over improve expect for the committed potential quarter, segment the Despite success. to fully last Ascent, the trends back the in profitability the we driver continuation industry-wide of
full to in begin it that with When late sales XXXX in funnel, to successful comes scale inroads several XXXX, we continued have will to our trials. pending ramp make up chip customers blue commercial with
Our Specialty Chemicals but in to clients longer tend consistent them, enables long-term cycle, a revenue with to relationships resulting sales this establish streams. have us
to stability a While it with we make long-term may company’s clients, a trade-off are enduring take willing investment profitability as more we Prioritizing is time vision. our to short-term to build strategic growth partnerships. over and acquire view aligns that new this
grow, the customer sales both overall seen pleased funnel teams fill prospective and preliminary out continues over as to we points XX in continued an and and customers. our have past the engagement existing results months increase and our touch have have to with We been with
Overall, for Chemicals we expand to pipeline about business. are Specialty confident and are sales we of XXXX, our our rest the looking actively
us for better our and a waiting remains tool we for exercising valuations. long-term M&A be our While service believe customers and patience we to are opportunities can help acquired objectives, reasonable for
operating value. we focused While wait, growing our income deliver to on remain business and we existing maximizing
margins. sets is the and from our in filling business Chemicals other It orders Specialty materials, our things scale. us manufacturers that to apart sourcing be of One enables maintaining flexible chemicals
that We’re go-to able are to the leverage and supply stability capabilities their our to chain ensure efforts. customers seeking for accountability cross-facility management and provider we
Ascent the mix. contributor highly more Going this revenue are to optimistic and segment about committed to to overall we long-term significant remain prospects a our of Chemicals, we become forward, expanding
To Ultimately, invest to of exceptional technology efficiency we in confidence strategic services, prioritize improve that ability the and to full pursue over the continue growth have achieve end, automation will the and our and with financial align products delivery acquisitions this to sustained objectives. and long-term. in profitable we our
this long-term right to team transformational for all work as through stakeholders our work performance-driven creating and is we outcomes, and path and value through the committed dedicated time. stakeholders of on Our hard remain steadfast of support we
those I ultimately in result As payoff, strongly to for vision and look forward shareholder in Ascent expectations. myself, a believe long-term our patience we significant significant fulfilling that
financial you quarter who Steckel, to more Bill, is Now our questions have. answer the new a I’d first turn of call to Then Bill like over detailed any our to will provide yours. I’ll return overview the CFO, floor may results.
