Core Insights - The company reported a net sales of $2.4 billion for Q3 2025, with an adjusted earnings per share of $1.34, demonstrating strong cash flow generation despite market demand challenges [1] - The engineering materials segment achieved net sales of $1.4 billion and an adjusted EBIT of $200 million, maintaining profitability through cost optimization and product mix adjustments [3] - The company signed an agreement to sell its Micromax® business for approximately $500 million and plans to close the Laarne plant in Belgium by the second half of 2026 to optimize its cost structure [5] - The company introduced an enhanced Chemille® digital assistant at the K fair, leveraging AI technology to accelerate customer material selection [5] - For Q4, the company expects adjusted earnings per share to be between $0.85 and $1.00, while maintaining its target of achieving $700 million to $800 million in free cash flow for 2025 [6] Financial Performance - Q3 2025 net sales: $2.4 billion [1] - Adjusted EPS for Q3 2025: $1.34 [1] - Operating cash flow: $447 million; Free cash flow: $375 million [1] - Engineering materials segment Q3 net sales: $1.4 billion; Adjusted EBIT: $200 million [3] Strategic Developments - Agreement to sell Micromax® business for approximately $500 million [5] - Planned closure of the Laarne plant in Belgium by H2 2026 [5] - Inventory reduction plan targeting a decrease of about $100 million by 2025 [3] Future Outlook - Expected adjusted EPS for Q4: $0.85 to $1.00 [6] - Target for free cash flow in 2025: $700 million to $800 million [6]