Financial Performance - 1Q25 Sales reached $378 million, a 12% increase compared to $337 million in 1Q24[6, 9] - Adjusted EBITDA for 1Q25 was $52 million, significantly up from $1 million in 1Q24[6, 9] - Adjusted EBITDA Margin improved to 13.7% in 1Q25, compared to 0.2% in 1Q24[6, 9] - Adjusted EPS for 1Q25 was $0.93, a substantial increase from $(0.56) in 1Q24[6, 9] - Net Income for 1Q25 was $23.3 million, compared to a loss of $17.4 million in 1Q24[7, 9] Key Drivers and Factors - Operational performance and insurance proceeds supported higher 1Q25 results[7] - The company received an omnibus insurance settlement of approximately $26 million in 1Q25 related to a 2019 PES supplier shutdown[7, 13] - Volume increased by 7% and price increased by 5%, with market-based pricing contributing 4% and raw materials pass-through contributing 1% to the sales increase[11] Market Outlook - Strong sulfur nutrition demand and tight North American ammonium sulfate supply are expected to support sulfur premiums[7, 20] - The company anticipates higher raw material prices impacting fertilizer margins[7, 20] - Global oversupply conditions are impacting industry pricing dynamics in the nylon market[7, 26]