Lowers FY25 adjusted EBITDA view to $410M-$460M from $525M-625M. Sees FY25 free cash flow $100M-$170M. In response to the extended market downturn, the Company is adjusting its capital allocation priorities by further reducing capital expenditures (now expected to be less than $330M) and reducing the dividend by 60% to provide near-term balance sheet flexibility.
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