Guided Revenue And EBITDA DeclinesGuidance for lower revenue and materially weaker EBITDA signals persistent demand weakness and margin pressure. Extended top-line contraction reduces internal funding for growth initiatives, risks slower deleveraging and may force tougher cost or pricing actions that could impair long-term strategic investments.
Volatile Free Cash FlowIntermittent negative free cash flow undermines the company's ability to consistently fund dividends, M&A or capex from operations. Structural FCF volatility elevates refinancing and liquidity risk, constrains strategic flexibility, and increases reliance on external financing during multi-quarter investment or integration phases.
Tariff And Supply-route RisksTariffs and disrupted Brazil-to-North America supply routes create structural cost and reliability risks. Persistent trade barriers can erode margins, force supply-chain reconfiguration, and increase capex or logistics costs. These regulatory/trade exposures could pressure competitiveness in key markets over quarters.