Strong Adjusted EBITDA Performance
Delivered over $0.5 billion of adjusted EBITDA in the first half of the year, down just low single digits from the previous year's record performance.
North America EBIT Margin
Achieved a 29% EBIT margin in North America, within the guidance range, despite volume declines and raw material headwinds.
Asia Pacific Margin Expansion
Adjusted EBIT margin in Asia Pacific rose to 33.3%, with adjusted EBITDA growing 11% to $54 million.
Capital Allocation and Share Repurchase
Completed a $300 million share repurchase program and approved a new $300 million program.
Guidance Affirmation and Adjustments
Reaffirmed North American volume guidance and raised the low end of the North American EBIT margin guidance to 29.3%.