Reports Q1 revenue $159.3M, consensus $148.9M. The company said, “At the end of 2024, we successfully extended the maturity of the Arcadia put/call obligation, while we stabilized operations at our two largest businesses. This laid the foundation for our renewed ‘back to basics’ operating and commercial strategies focused on driving absolute EBITDA growth and free cash flow with a focus on further deleveraging. Our performance in the first quarter reflects a solid start to the year, as each of our businesses executed on the things within their control. While tariffs, deteriorating macroeconomic conditions and particularly poor visibility are ongoing challenges, our operating leaders are executing upon their operating-improvement strategies.”
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