Market Performance ImpactThe MC segment performance has been negatively impacted by market headwinds, timing, and the lack of material progress on the Heimbach acquisition.
Operational ChallengesAIN continues to encounter negative EACs and overall operational performance headwinds in its AEC segment.
Segment Performance ConcernsThe AEC segment appears to no longer look like a high performing composite aerospace company but has rather started to more resemble a traditional structure company characterized by elevated fixed costs, elevated program execution risks, lack of high margin aftermarket sales, low returns, and a sharply discounted valuation.