Strong Year-to-Date Performance
Global shipments grew by 5% and adjusted EBITDA increased by 18% compared to the prior year, outperforming guidance.
Americas Revenue and EBITDA Growth
Revenue in the Americas increased by 21% to $840 million, and adjusted EBITDA grew by 34% due to favorable volume growth and lower operating costs.
Positive Liquidity and Leverage Position
End of quarter liquidity position of $680 million with no near-term bond maturities and a decline in net leverage to 5.3x from 5.8x.
Upgraded Full-Year EBITDA Guidance
Full year adjusted EBITDA guidance increased to a range of $705 million to $725 million, based on current FX rates.