Strong Financial Performance
Delivered 14% local currency adjusted EBITDA growth and 18% local currency adjusted EPS growth. Local currency revenue grew 3.5% during the quarter.
Color Group Success
The Color Group achieved 7.9% local currency revenue growth and 23.8% local currency operating profit growth, with an adjusted EBITDA margin improvement to 24.7%.
Positive Outlook for Full-Year Guidance
Local currency adjusted EBITDA and EPS expected to grow at double-digit rates, with full-year local currency revenue guidance of mid-single-digit growth.
Innovative Product Launches
Strong new sales wins across food, pharmaceutical, and personal care product lines, driven by innovative product portfolio.
Commitment to Natural Color Conversion
Major opportunity with the conversion of synthetic colors to natural colors in the U.S., with significant investments in production capacity and supply chain.