Adjusted EBITDA increased by $4 million with a 70 basis point margin improvement driven by price/cost gains in Fiber, Polymers, and Integrated segments.
Containerboard divestment contributed $872 million in sales and $168 million EBITDA year-to-date, with $122 million sales and $25 million EBITDA expected in August and September.
Durable Metals experienced volume declines of 5.8% due to industrial softness but maintained flat gross profit with margin improvement.
Free cash flow surged nearly 400% to $171 million in Q3, demonstrating business resilience amid macroeconomic challenges.
Integrated Solutions sales and gross profit were flat year-over-year, with a 160 basis point margin decline due to product mix.
Polymers segment saw sales growth from volume, price, and mix, with gross profit up over $10 million and margins up 150 basis points.
Sustainable Fiber volumes declined 7.6%, but gross profit increased by $8 million with a 360 basis point margin improvement.