Q3 2025 Performance Highlights - Shipments reached 373 thousand tons, a 6% year-over-year increase[10] - Revenue totaled $2.2 billion, up 20% year-over-year[10] - Net income was $88 million[10] - Adjusted EBITDA was $235 million, including a positive non-cash metal price lag impact of $39 million[10] - Free Cash Flow was $30 million[10] - The company repurchased 1.7 million shares for $25 million[10] Segment Performance - Aerospace & Transportation: Adjusted EBITDA was $90 million, a 67% increase, with shipments of 50 thousand tons, up 4%[13] - Packaging & Automotive Rolled Products: Adjusted EBITDA was $82 million, a 14% increase, with shipments of 275 thousand tons, up 5%[19] - Automotive Structures & Industry: Adjusted EBITDA was $33 million, a 371% increase, with shipments of 48 thousand tons, up 14%[21] Financial Position and Outlook - Leverage ratio was 3.1x at the end of the quarter[10] - The company expects to be below 3.0x leverage by the end of 2025[30] - The company targets 2025 Adjusted EBITDA between $670 million and $690 million and Free Cash Flow greater than $120 million[45]