Impact Of Chicago Plant FireLingering impacts from Chicago plant fire created $12mm profit headwind in 3Q, while temporary loss of Brazilian brewery customer volumes likely contributed another $5-7mm hit.
Macroeconomic And Inflationary PressuresEnd market demand remains an ongoing risk given macro/inflationary pressures in North/South America, and we remain concerned it will create headwinds as the industry tries to price for higher corn prices in 2026.
Volume Declines And Operational IssuesVolume declines accelerated in both FII segments attributed to softer demand, Argo ops issues, and disruption with a LATAM customer.