Cash Flow ConcernsCash flow from operations was a use of funds due to an increase in working capital, and the company experienced negative free cash flow.
Financial PerformanceEBITDA is down 27% year over year, indicating a significant drop in earnings before interest, taxes, depreciation, and amortization.
Operational ChallengesNotable downtime in the I&D segment and O&P Americas has impacted operational rates and muted quarter over quarter improvement.