Strong Financial Performance
Adjusted EBITDA increased by 5% and adjusted earnings per share rose by 10% year-over-year. The company also generated $51 million of operating cash flow in the third quarter.
Organic Volume Growth
The company experienced organic volume growth across all regions, with a notable 8% increase in Asia Pacific.
Net Share Gains
Global net share gains were strong at 5%, driven by new business wins and reduced churn.
Contribution from Acquisitions
Acquisitions, particularly Dipsol, contributed positively to sales and are performing in line with expectations.
Improved Gross Margins
Gross margins improved from the second quarter and are within the targeted range, with adjusted EBITDA margins at 16.8%.
Successful Cost Management
On a year-to-date basis, organic SG&A is down approximately 3%, with continued benefits expected in Q4 and 2026.
Debt Reduction and Shareholder Returns
Outstanding debt was reduced by $62 million, and approximately $62 million was returned to shareholders through dividends and share repurchases.