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Outlook
The Company anticipates a low to mid-single digit sequential decline in Net Sales for the third quarter, reflective of:
These core Net Sales assumptions for the third quarter also project continued strong adoption of Opteon™ Refrigerants, with anticipated double-digit year-over-year growth, and APM's Performance Solutions portfolio showing strong year-over-year growth.
Additionally, the Company anticipates a high-single digit sequential decline in Adjusted EBITDA for the third quarter, reflecting approximately $15 to $20 million of costs related to the unplanned shutdown at Altamira. Corporate expenses are expected to be lower on a sequential basis as efforts around controls remediation continue but with costs concentrated in the first half.
Posted In: CC