Mobileye (US:MBLY)2024-10-31 12:32Financial Performance - Sales remained stable at $4.7 billion in 3Q24, consistent with 2Q24 but slightly higher than $4.6 billion in 3Q23[13] - Adjusted EBIT decreased to $233 million in 3Q24, down from $300 million in 2Q24 and $332 million in 3Q23[13] - Adjusted EBITDA was $500 million in 3Q24, compared to $561 million in 2Q24 and $590 million in 3Q23[13] - Adjusted EBITDA margin declined to 10.7% in 3Q24, from 11.9% in 2Q24 and 12.8% in 3Q23[13] - Free Cash Flow increased to $309 million in 3Q24, up from $167 million in 2Q24 and $240 million in 3Q23[13] - Adjusted Operating EPS decreased to $0.44 in 3Q24, down from $0.55 in 2Q24 and $0.64 in 3Q23[13] Strategic Actions and Outlook - The company anticipates ~$230 million EBITDA improvement from strategic actions, excluding one-time costs and impact from GCF strategic options[9] - The company expects higher earnings in the Packaging Business in 4Q24 due to prior price index increases and lower costs[15] - The company is exploring strategic options for its Global Cellulose Fibers (GCF) business, including the Georgetown Mill Closure[9] - The company estimates $25 million in sourcing savings identified across plants[11]