Joe Brinkman

“Slide eight and nine show the fourth quarter 2024 results compared to the fourth quarter of 2023 pro forma. The full year 2024 metrics are in the appendix on slides 16 and 17.”

“Third quarter 2024 reported net cash from operating activities of $200.7 million, plus capital expenditures of $26.1 million, resulted in $174.6 million of free cash flow.”

“Moving to Slide 16, you can see our free cash flow first and second quarter results. On the table, we are showing each category of the calculation that is considered operational cash in a period, so that you can tie directly to the beginning and ending balances on the balance sheet.”

“Slide 12 shows our cash generated from operations in the Q4 2023 of $130 million netted with $20 million of CapEx, our adjusted Q4 free cash flow is 12% of sales.”

“We continue to undertake actions to generate more cash for debt pay down and optimize our balance sheet, including repatriating over $25 million of cash in the third quarter, favorable re-pricing of our Term Loan B, and closing on the sale of our South Africa facility for $2.2 million.”