EarningsThe company experienced a -5% EBITDA shortfall versus consensus for 3Q, driven by weaker market conditions and higher freight rates.
Financial GuidanceThe midpoint of the 4Q24 adjusted EBITDA guidance is $128M, which is below consensus expectations of $146M.
Market PerformanceTiO2 volumes showed a 7% sequential decline, which was worse than the 3Q24 guidance of a 2%-4% decline.