David Stasse

“We ended the third quarter with $30 million of adjusted EBITDA, which was impacted by $9 million of unfavorable raw material timing and negative equity affiliate earnings from America's Styrenix due to an $8 million headwind from repair and other costs related to an unplanned outage that occurred in June.”

“We ended the second quarter with $42 million of adjusted EBITDA, which was below our guidance, driven by a larger unfavorable impact from raw material timing, the lack of seasonal demand pickup that Frank spoke about earlier, and lower equity-affiliated earnings at America's styrentics.”

“I'd like to give a little more color on the first quarter and what we're seeing in the early part of Q2, prior year, despite lower volumes sold into automotive and building and construction applications.”

“While this led to lower adjusted EBITDA than originally anticipated, the lower raw material prices led to lower working capital balances which contributed to the highest quarter free cash flow generation in over two years now i'd like to turn the call over to dave thanks frank before i get into fourth quarter results…”