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Orbia Advance Corp Sab
4/29/2026
Good morning, and welcome to the ORBEA's first quarter 2026 earnings conference call. As we turn to slide one, all participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your touch-tone phone. To withdraw your question, please press star, then two. Please note that this event is being recorded. I will now turn the conference over to Diego Ajove, Orbea's Vice President of Investor Relations. Please go ahead, sir.
Thank you, operator. Good morning and welcome to Orbea's first quarter 2026 earnings call. We appreciate your time and participation. Joining me today are Samir Baradouache, CEO, Jim Kelly, CFO, and Christian Capellino, CFO designate. Before we continue, a friendly reminder that some of our comments today will contain forward-looking statements based on our current view of our business, and actual future results may differ materially. Today's call should be considered in conjunction with cautionary statements contained in our earnings release and in our most recent Bolsa Mexicana de Valores report. The company disclaims any obligation to update or revise any such forward-looking statements. Now, I would like to turn the call over to Samir.
Thank you, Diego, and good morning to all. Prior to reviewing this quarter's results, I want to express my sincere gratitude to our global workforce for their unwavering dedication and relentless focus on addressing our customers' needs amid challenging market conditions. I also extend my appreciation to our customers for their continued partnership and trust in us. Business conditions shifted in early March following geopolitical and macroeconomic developments. We are managing these shifts proactively and will provide more detail later in this call. More importantly, all our colleagues are safe and accounted for. We have implemented comprehensive safety measures and remain vigilant, ensuring stakeholders are updated on any significant changes. Turning to slide three, I would like to share a high-level overview of our first quarter 2026 results. For the quarter, revenues of approximately $2 billion increased 8%, and EBITDA of $259 million increased 31% compared to the prior year's quarter. EBITDA for the current quarter was flat compared to adjusted EBITDA of the prior year quarter. Our first quarter results reflect the sustained resilience of our businesses across market cycles amidst an evolving global economic and geopolitical landscape. The favorable trends that emerged across 2025 in our floor and energy materials, connectivity solutions, and precision agriculture segments have carried over into 2026, while our polymer solutions and building and infrastructure segments continue to experience challenging and market conditions. We began to incur higher input and logistics costs late in the quarter, driven by current global geopolitical events, and we are responding quickly and proactively to this dynamic. Our teams are taking disciplined commercial actions to offset increases in costs and leverage our operational strengths. Despite generally soft building and infrastructure investment, disruptions caused by the war have resulted in higher PVC prices driven by an upward shift in the supply-cost curve. This, combined with a stable U.S. Gulf Coast feedstock and cost position, creates advantageous conditions in the coming quarters while the disruptions last. Having said that, an extended conflict could have an impact on inflation and demand. In this environment, we remain focused on optimizing costs, strengthening the balance sheet, generating cash, and simplifying the portfolio in line with our long-term strategic objectives. I will now turn the call over to Jim to go over our financial performance in further detail.
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