Orion S.A. Common Shares

At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Chris Kapsch, Vice President of Investor Relations. Thank you, Chris. You may begin.

Thank you, Devon. Good morning, everyone. This is Chris Kapsch, VP of Investor Relations at Orion. Welcome to our conference call to discuss Third quarter 2024 results. Joining our call today are Corning Painter, Orion's chief executive officer, and Jeff Gleick, our chief financial officer. We issued our three Q earnings results after the market closed yesterday. We have posted slide presentations to the investor relations portion of our website. We will be referencing this deck during the call. Before we begin, I'm obligated to remind you that some of the comments made on today's call are forward-looking statements. are subject to the risks and uncertainties as described in the company's filings with the Securities and Exchange Commission, and our actual results may differ from those described during the call. In addition, all forward-looking statements are made as of today, November 8th. The company is not obligated to update any forward-looking statements based on new circumstances or revised expectations. All non-GAAP financial measures discussed during the call are reconciled to the most directly comparable GAAP measures in the tables attached to our press release and the quarterly earnings deck. Any non-GAAP financial measures presented in these materials should not be considered as alternatives to financial measures required by GAAP. I will now turn the call over to Corny Painter.

Good morning, and thank you for taking time to join our call. We genuinely appreciate your interest, and we believe there are many positive things to discuss today. Our agenda includes my discussion of Q3 results at a high level, adjusted guidance in the contributing drivers, the current market backdrop, and then some factors that will contribute to earnings growth next year. And we are encouraged about our prospects for 2025. I'll also touch upon capital spending, free cash flow expectations, and our capital allocation intentions. I'll then turn the call over to Jeff Gleick, who will walk you through our third quarter results in more detail before some concluding remarks and a Q&A session. Starting on slide three of the earnings deck, we delivered adjusted EBITDA of $80 million, a 7% sequential improvement and 4% higher year over year. While pleased with this growth, these metrics do not really put the achievement in the proper context. GP per ton is good. Our production has improved.