Thank Kevin. you,
our change through I recognize whom dedication and Before and that been a environment has all has our future, call. let about gone want in it's our in moment you many created team, I and and this year and the to take much assume to company in commitment me talk the last of we your our listening organization. Board stress to address On a of thank to I our success. portfolio the the business for and transformation, are for behalf stakeholders, challenging the -- that know
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XX. turn both and hope that From Please our to it's clear we that lie ahead. challenges opportunities comments, the Slide the I understand
with to share early some the you move me for my and future. of plans then Let observations our
As play company, we the in now have a is specialty history long materials a focused I and serve. Ashland although pure commented the industries proud before, had businesses
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to Slide Please XX. turn
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our turn I'm strategy, these right Slide with to our performance, align leadership and our are Please act to capital XX. operating clear. and priorities disciplined to structure, very our allocation. articulate size working to and improve My already on develop maintain To to team priorities. cost
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businesses We have very different business model different with needs. with
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take as Our in momentum. the actions intention progress demonstrate improvement -- well in to continued both demonstrating actions clear as we is
we of Slide restructuring regards re-segmentation QX. to or guidance turn are XXXX businesses for our outlook, year With and resulting our fiscal not providing Please to given work, the XX.
we we strategy structures outlook what given XXXX accomplish but for to As to the market and future and would said see Having units like of a business, are as we as will conservative high need and broader have vary business objectives, defining, articulate to dynamics drivers we we macroeconomic on begin uncertainty, by to color more the business I that, ground some level a them time do our on more want this. performance. provide the dynamics we demand. Demand to the
oral are the QX to communicated Pharmachem. these our are and the demand These view we improve term, us but performance in to businesses. actively working expect We We've remain headwinds near of already longer on to care similar for term QX.
sooner majority we competitive market stay we the and businesses raw quicker business improvement. drive can will well and material movements balanced. and the put face our The dynamics. and units in positioned teams of are new the normal Pricing can The place,
improvement $XX at And currently impact. from of of three the improvement every The will is XXXX. catalyst occurs our QX. our carryover will will years a SG&A and have this usually have Lima roughly we're from We a plant. changeover actions temporary cost Nanjing QX doing similarly to shutdown four million plant impact This -- our
exciting you we see As can an year ahead. have
we We have have but also significant opportunities to some challenges to address, drive improvement.
exciting. Please find some turn the for I that closing and forward and have to we insights our useful hope our you XX, Slide provided comments. path business around
are the We future create to about value. have opportunity excited the we and
We are exciting that company now play where and pure quality materials positioned high have leadership markets well positions. specialty we is a
We and leading foundation build have innovation industry capabilities. our deep with strong industry businesses, experienced future, relationships, knowledge a to and which on teams strong
have profitable, are cash strong and generate flow. free margins good businesses Our
importantly, on current be over drive acting have a to More we we number improvement our will levers performance. of
your to over time for in turn Ashland, let's operator, and Q&A. you and Thank interest it
