Increased Sales of Formulated PMMA Resins
Late in the third quarter and into the fourth quarter, sales of more formulated, higher-margin PMMA resins increased by over 10% year-over-year.
Growth in Recycled Plastics
The company's recycled content containing plastic sales grew 2% year-to-date across all applications, with Engineered Materials growing at 12%.
Potential EBITDA Improvement and Cost Savings
Discontinuation of Virgin MMA production in Italy and closure of a polystyrene production facility in Germany expected to lead to $30 million of EBITDA improvement next year, with cash savings exceeding restructuring costs beginning in 2026.
Battery Binders Sales Growth
Sales volume in battery binders were up 27% versus the prior year for the quarter.