Financial Performance - Net sales for Q1 2025 were $594 million, a 3% year-over-year increase compared to $575 million in Q1 2024[5] - Organic net sales increased by 5% year-over-year, driven by a 10% organic growth in the Electronics segment[5] - Adjusted EBITDA for Q1 2025 was $128 million, a 1% increase compared to $127 million in Q1 2024[5] - Adjusted EPS for Q1 2025 was $0.34, flat compared to $0.34 in Q1 2024, impacted by FX headwinds and the sale of the Graphics business[5, 7] Segment Performance - Electronics segment net sales were $394 million in Q1 2025, a 13% increase from $349 million in Q1 2024, with organic growth of 10%[5, 8] - Industrial & Specialty segment net sales were $199 million in Q1 2025, a 12% decrease from $226 million in Q1 2024, with organic decline of 2%[5, 10] Cash Flow and Capital Structure - Q1 2025 adjusted free cash flow was $30 million[15] - Net debt to adjusted EBITDA ratio was 2.1x on an LTM basis as of March 31, 2025[15] - The company prepaid $200 million of term loans, reducing the principal outstanding to $836 million[15] FY 2025 Guidance - The company maintains its FY 2025 adjusted EBITDA guidance of $520 million to $540 million[17] - The company expects approximately $1.40 adjusted EPS for FY 2025 before any contribution from potential capital allocation[17]