Core Insights - The company achieved its second consecutive quarter of year-over-year EBITDA improvement, driven by a 4% net share gain that mitigated low to mid-single-digit declines in major end markets [1] Group 1: Financial Performance - The Asia Pacific region remains the primary growth engine, delivering its 10th consecutive quarter of organic volume growth by focusing on high-growth segments such as electric vehicle OEMs [1] - North American performance was negatively impacted by an extended customer outage and weather-related operational disruptions in December, which affected total company organic volume by approximately 1% [1] - Gross margin stability was supported by favorable price/mix and lower raw material costs in EMEA, although this was offset by negative manufacturing absorption and higher maintenance costs in North America [1] Group 2: Strategic Initiatives - Management is executing a complexity and cost reduction plan that generated $25 million in run-rate savings for 2025, focusing on streamlining global business processes and manufacturing networks [1] - The strategic positioning has shifted toward 'Fluid Intelligence,' an enhanced service offering that utilizes digital tools and automation to optimize fluid performance and deepen customer intimacy [1] Group 3: Acquisition Strategy - The company evaluated multiple large-scale acquisition opportunities in late 2025, incurring $7 million in costs, but no transactions are currently imminent as management maintains a disciplined capital approach [1]