Bob. Thanks,
the adjusted segments than drove and to were First in EBITDA profitability line line the sales of and beat million our overall $XXX Adjusted forecasted Improved demand on bottom expansion. EPS. expectations. $X with better quarter $X.XX led was both million for
In fact, cost reduction initiatives and composites also XXX demand continued sustainable with in favorable basis by certain EBITDA materials, based solutions along particularly margins mix. resilient demonstrate Decelerating raw into hydrocarbon ongoing points as raw improvement. to inflation materials exceeded the providing guidance factored
and was input cautious bridge The remain to manage impact seeing the with this levels. expectations. on in to deceleration first Customers this line quarter Certain activities, we including reduction inflation. our that inflation, provided inventory And remained basis, bridge in while which highlights benefit EBITDA of closely continue $X cost million demand, European are shows some an targeted our and the bottom quarter. this a costs higher cover that year-over-year to restructuring line continues our pricing
portfolio our diversity quarter with highlight change had are of actual amount the in fully acquisition first a where years over our We've changes is of to represented This is our divestiture the business. a the opportunity distribution few past and of portfolio. our with Dyneema the results the of those to and Clariant significant along good
chart breakdown you the sales in the two segments our to left. EBITDA our bar and by Here see
circle us our markets that the to multinational represented transformation OEMs. to a end and regions presence by necessary cyclicality has You diversity graph see serve right. reduces also portfolio two broad the exposure The market the of end geographic and given
impact sales The overall reflects following year-over-year first projected we of year. is what The in ever, current foundation is is Our quarter the stronger slide exchange. environment which the than changes consistent the us with foreign excluding region this demand weather environment. helping fairly earlier macroeconomic by
spiking in rates likely end into economic a rebound their December, a although in the related activity. Asia, played quarter the COVID delaying and infection In first role year the in China restrictions at ended of
We as in the quarterly year expect improvement moderate continuous Asia progresses. and sequential
other Europe is getting prior particularly markets, seeing U.S. affect building across the at markets. end inventory stable consumer in started the than We're and first-half with which the and will destocking Demand U.S. in most worse, The likely really later XXXX. to automotive, and was construction the regions of little of a in in current the getting compared better relatively much softness year. not levels, increased up not exception double-digits but
dig energy, into In Latin demand regions, region the include and better those from slightly only They more markets are within the America, And that was end deeper is consistently specifically others. benefiting Asia. Mexico, and few are up than down transportation. believe as telecommunication, from there as we holding defense re-shoring we
improve arms. and In alternative These including materials with update of and capacity terms corrosion such distribution electrical XX-years-old. there electrical components that composite secondary over is insulators, technologies made durable and Capital strength, and wood composites replacing more of are large grid, infrastructure world the stronger, an investments with as being reliability. energy, the is that and support steel increased transmission updates infrastructure customers aging cross include with primary quality portion the from resistant. to around a the poles such to that as focus We serve and are made
government protect attention provide addition, have of to attacks generation unfortunate protective In and utilities, the have substations. substations full barriers of power we ballistic idle electrical physical security to resistant transmission which accelerated public agencies efforts against the equipment. improve and their Recent and
industry greater Telecom is require where significant there as worldwide trends investment another connectivity speeds faster is and coverage. especially
to the all. optic alone cable that high Internet digital divide USB $XX with designates bring the example, deployments made fiber by in close speed will to America billion For program a provision increasing
strategic better the optic our as acquisition major area see from align in technology initiative to a Recall, helps XXXX roll-out growth. to between of where continuing and We us cables telecom connectivity only availability grow the devices the this today. XG this to fiber expands are was The needs expanding we of providers. drive of growing Fiber-Line
telecommunications used lines optic protect products equipment when fiber product providing to they also that and that bolt solutions maximum junction are are using our cables and optic NYMEX We are fiber our such notes for buried. ancillary
The helmets and armor, defense for end safety market other is also use expanding given soldiers to body the for in demand protect the gear Dyneema world. around place
trusted of war. geopolitical current protect the environment world's from Dyneema While unfortunate, realities is the the unparalleled performance of finest the is to
priority. and the makes Bob choice the with protection strength business is any at Dyneema of where our to ratio of for qualities goes the material into beginning leading Materials environments weight Protective the safety optimal protective call, half As mentioned personal highest that the material of
are sales have through over double-digits year quarter. year. Finally, first continuing the for work issues by applications the chain created the that transportation was backlog over to past significant grown prior supply Automakers
addition, to In efficiency where accelerate usage applications and emissions. regulations lower energy continue decrease fuel
Materials For example, that our battery applications lightweight provide efficiently. fuel and help composite safely transport our material through efficiency increased primarily solutions and Engineered and
in vehicle formulations manufacturers where look carbon style. durability and consistency interiors Our are used for
heard Our end today. portfolio markets for allow to of you've transformation has about the been breadth purposeful
macroeconomic the in navigate position environment, and accelerate improve. we will us as It us through help of geographic things end also presence a the current the puts through As to diversity growth markets cycle. perform
the to discuss our of over for Now XXXX second year I will and back turn full Bob outlook it quarter to the guidance.
