Thank you, Matthew, and thanks to everyone for joining me this afternoon.
As a reminder, some of the statements made during this conference call may be forward-looking.
our cause are to release contained our filings, could those materially and that XX-K. SEC statements Form forward-looking in including factors actual differ results from in Relevant recent most our earnings
contains It take During measure. this the significantly details measures filed it. found release, in our in measures included the morning. on earnings We earnings the also our of earnings the Please GAAP The a this operations can to last non-GAAP non-GAAP reconciliation release. of financial our the company. which I I to release. performance included time more and that call, will referring XX-Q on discuss review be was data night's will financial website, our be comparable includes financial to
Net Petroleum net for quarter to million the a sales $XXX $X.XX of XXXX. compared XXXX profit was were quarter quarter to million million $XXX $XXX million the same million income the for second the period second a share was additives $XXX million year. for Petroleum additives or or last of of XXXX. $XX the $XX.XX net to share income for operating $XX quarter compared of second for compared in
second the did increase the regions additive Shipments in contributor in decrease lubricant XX% shipments, profit the and to fuel All were additives shipments -- partially additive while North due shipments. lubricant excuse and with The to primary quarter America increase down first in between to additive was lower both the periods mainly me, contributed in to prices, decrease offset higher Shipments by shipments. was quarter. increased selling quarterly operating compared decreases slightly the fuel costs. XX%,
disruptions to can future lower than Supply to of the all effects and rapid destocking continue and as well expectations general see our last about oil pricing restocking. Shipments customer we as customer movements have economic expectations destocking. slowdown and price quarters a the as X over been contribute
the While years, not customer end seen of in use over few past wide demand does and we the have products variation change significantly. order patterns our
quarters and focus margin Petroleum which range recovery. benefits the additives June of reflects historical is rolling XXth cost XX.X%, the within back ended control and our our operating was on margin for X
However, remain inflationary operating by high are Cost we still higher due costs the challenged us. for margin and to management priorities ongoing control environment.
generated flows We solid the operate quarter cash continue leverage. with and during to low
rate, included $XX by of million common of X% improved $XX paid million. and we which million, increase $XX capital working quarterly our stock. our Our a dividends repurchased dividend We to
to debt Our end June of net Xx EBITDA reported the we XXXX. significant was X.Xx over the XX, at as a XXXX, improvement of
$XX previous business, our be to and expect some to we see of long-term fundamentals We on expenditures to due our needs, success capability the view, beneficial and of slightly $XX for solid culture, our of supply world-class lower how million and for is long-term the results customer-focused greatest chain range solutions, shareholders, all in value million This to stakeholders. timing will operating company, range. than on customer XXXX, satisfying employees. we offerings long-term first believe and technology-driven capital our safety generating our our including continue We people emphasis operational the the of product projects. customers a For run the promoting focused our remain
that for today. the me our Matthew, concludes comments. call joining for you Thank planned
Thank to we talk via for phone again, We e-mail to me you feel please will and directly. all are you next quarter. contact available so or by questions free
