Strong Sealing Technologies Performance
The Sealing Technologies segment achieved a sales growth of 4.5% and a 32.7% adjusted segment EBITDA margin, representing an expansion of 300 basis points.
Adjusted EBITDA Growth
Third quarter adjusted EBITDA increased by 11% compared to the prior year period, with an adjusted EBITDA margin expanding 160 basis points to 24.6%.
Record Free Cash Flow Generation
Year-to-date free cash flow reached approximately $83 million, with expectations to exceed $110 million for the full year.
Continued Investment in Growth
Despite market challenges, the company continues to invest in strategic growth areas, including precision cleaning solutions and operational improvements.