Strong Cash Flow and Shareholder Returns
The company generated solid cash flows throughout the first 9 months of 2025, allowing them to return $155 million to shareholders through share repurchases of $77 million and dividends of $78 million. Additionally, the company reduced its net debt by $213 million.
Dividend Increase
The Board of Directors approved raising the quarterly dividend by 9%, from $2.75 per share to $3 per share, payable January 2, 2026.
Specialty Materials Segment Growth
Sales for the Specialty Materials segment in the first 9 months of 2025 were $134 million compared to $114 million for the same period in 2024, with an operating profit increase from $16 million to $40 million.
Strategic Acquisition
The acquisition of Calca Solutions, LLC, a leading producer of ultrapure and high-purity hydrogen, marks a significant investment in the Specialty Materials segment.