and Thanks, XX. to Slide please turn Kevin,
-- industry and look out fiscal uncertainty on As overall to having macroeconomic impacts we macrodynamics remains very different markets. 'XX, with high potentially changing our
to and opportunities. to on on changes high more focus and While we risks, given resilience a capitalize prudent level and create of outlook take uncertainty, opportunities the always building it's conservative feel risk minimize
economy dynamics known moderating recovery global policy uncertain demand mixed include the and elevated the but inflation, impacting So transitions.
the remain strengthening segments construction estate U.S., In very potential upside we result, real to we different and and see a a expectations. market. strong expect regional from As have consumer
the geopolitical challenges from base. stems off stable Europe structural to in We remain consumer confidence. dynamics Risk low region and lower a expect manufacturing
distressed We These market consumer balances are impact very due meaningful confidence. to Uncertainty the other locally downturn and assuming a export remains of in factors view markets. high oversupply win supply-demand in China. and property in our
increased intensity. but perspective As environment assessment the We view result, muted prudent and overall competitive of feel our for planning. that it's our demand cautious, macroeconomic a that we suggests recognize this made
Ashland taken actions a in to position have uncertain more We perform environment. to
a sheet disciplined, flow, to approach and We afford cash strong balanced a have which capital allocation. balance will
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We our our competitive to high-impact self drive are and strengthen position drive improve cost several taking health position, to opportunities actions results.
well We through in a slowdown China. the of company. China are positioned manage XX% prolonged to represent Sales in
Our supply is local in the local Coatings in tolling plant are of largest line, activities from our HEC China exposure business most Nanjing our by driven Coatings and operations.
globally activities XX. to on taking our our In will turn network us supply as more Our my needed.
Please outlook fiscal 'XX. and position line for enable HEC improvement with comments, are national global focused we Slide earlier to are cautious a rebalance
for will 'XX is for point our as the baseline. our known actions, baseline follows. optimization The fiscal impact fiscal starting our our bridging and Given our is items for year, math 'XX portfolio XXXX that portfolio reset
the start of 'XX First, million. with EBITDA fiscal we business portfolio reset $XXX
For our results optimization and actual this costs. gross Kevin's portfolio less $XX impact is of our based 'XX Nutraceutical on $XXX million from stranded loss million, the comment, fiscal -- profit
million known about the improvement expected of price realization. EBITDA our $XX fixed add fiscal for and and for $XX negative We million changes cost $XX adjust absorption restructuring impacting and million of We of from Avoca carryover 'XX then $XX performance. add adjust back business. productivity erosion we of about million Second,
puts the our million. impacting stable build incentive -- $XX of of include: year Factors starting for number, we baseline $XXX fiscal then 'XX. position. this million fiscal This outlook at variable expect a variable our From our in Lastly, outlook we're compensation. 'XX reset we
to current Our digits. outlook volumes economic are potential does changes reflect to not policy. Overall expected the mid-single increase
innovation in throughout actions expected remain are globalized optimization Raw should the our and improvement materials portfolio continued support are and the strategies volatility Our be reduce maintained. to expected stable. and mix margin to Momentum year.
our China developments in of by performance in driven other assumes coatings. regions. China versus be results the in Our more Overall negative performance will outlook balance
to above $X.XX $XXX adjusted of for account, the assumptions of Taking change, of factors light may In these billion to $XXX XXXX update will outlook $X.X million our the billion, and million. EBITDA to we some elections, Slide XX. of Please outlook turn and accordingly. our into sales
Although our to on, there's have focus issues we and while of on a staying delivering need uncertainty, high clarity level controllables strategy. the we
If next strengthen of for internal management globalize we follow a to execute, pillars at Maintaining businesses disciplined of to performance. is enable unique have opportunities set execute, priorities our the and Our improve in the and strategic growth volume years. core year profitable price our innovate critical. we look also coming
in address are will we we our continue to of As catalysts. and innovate strategy, invest globalized which long-term today, the growth challenges critical
to manage and our improve We to systems Slide business Please will and and navigate to continue our operating turn portfolio. processes planning business better our XX. enable teams to
preparing are for date changed, earnings conditions, 'XX. you release, have in we As and and may market emphasis end, XX, in focused fiscal X:XX is Investor Day in that our recognize To Time on this noticed a strategy event the December controllables with our an challenging a Eastern in to rebranded a.m., York. at We not New improving beginning focused update. The critical. near-term has December was execution performance agenda
details the XXXX our commitments. We and of are sharing to focus initiatives execution forward looking
the with have session. moderated our opportunity here a You'll and me directly Q&A from GMs Kevin,
want host discussion on key restate in a I interact our We have driving was will line platforms, a these opportunity technology the leaders key so to breakout with lines to takeaways. perspective, efforts.
In closing, business QX you From expectations. also and market atonal live with generally
We are transformation. finalizing our portfolio
and well-positioned markets. on portfolio a high-quality have focused We healthy
while a maintaining the challenges, resilience very we about balanced of and business, a price. the be excited in building We actions capital year Despite challenging balanced on and -- Delivering year, management business [indiscernible] our discipline. the another to portfolio. allocation our our around self share potential will to performance remain long-term expect especially fiscal near-term drive 'XX environment be of challenging on and folks maintain
the I once for invest again, their advance proactive catalysts. team, ownership our a to of businesses thank long-term and and their to leadership environment. growth want in dynamic Ashland We continue
go For now, to operator, we Q&A. if can
