Question-and-Answer Session
Operator
(Operator instructions) Our first question comes from the line of Frank Mitsch of BB&T Capital Markets. You may proceed.
Sabina Chatterjee – BB&T Capital Markets
Hello. This is Sabina Chatterjee in for Frank Mitsch. Can you hear me?
John Fischer
We can. Good morning.
Sabina Chatterjee – BB&T Capital Markets
Good morning, great quarter. I was curious about the ECU trend, you had said down 40% sequentially and it was basically in line with what you had originally stated, but Chlor Alkali results were a lot better than we had expected, and you’d mentioned the volumes, but was there anything else that resulted in the big upside?
John Fischer
I think if you look at the ECU netbacks and you did the math, it was probably between $20 and $25 per ECU, higher than what we had forecasted. I would say volume was slightly favorable and then, Joe in his remarks, emphasized the favorable cost performance, the majority of which came from the management of electricity costs.
Joseph Rupp
Correct.
Sabina Chatterjee – BB&T Capital Markets
Okay. Will that favorable cost management continue into the fourth quarter?
John Fischer
Yes, it will.
Sabina Chatterjee – BB&T Capital Markets
Okay. And then on Winchester, we saw really good results, and it just seemed like you were operating on all cylinders, even in the second quarter and third quarter. And, just given the nature of today's times where there doesn't really seem to be any seasonality just driven by the legislative situation, do you really foresee seasonality being a big impact in the fourth quarter? I understand you have the two shutdowns, but it’s just hard for me to imagine that we would be down significantly?
John Fischer
We do see the seasonality unfortunately, Sabina. That historically happens because of hunting season. So you have all the shot shell that gets purchased in what we call hunting rifle, it gets purchased, it gets build in the second quarter, first and second quarter gets purchased in the second and early third quarter, and then we do almost always see that taper off. So, as we stated, we will see a better than historic fourth quarter, but we will see a decline in the fourth quarter.
Sabina Chatterjee – BB&T Capital Markets
Okay. Was there a benefit from mix in the third quarter?
Joseph Rupp
Was there a benefit from mix in the third quarter?
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