Financial Guidance & Market Commentary
Industrial Business Review
EXPANDING SALES PIPELINE ACROSS DIVERSIFIED GROWTH PLATFORM
Achieved 12% year-over-year and 2% sequential price-mix growth
• Profitability recovery remains among our highest priorities
Volume decreased 9% year-over-year driven by weaker North America activity and continuation of soft
European environment; China volumes improved sequentially
General Industrial and Building Products impacted by slowing regional macroeconomic activity
Energy Solutions volumes improved sequentially as electric vehicle demand continues to grow
Energy & Electrification
New customer wins with new offering of
e-coat on EV battery components
Higher sales in Voltatex®, a line of
electrical insulation products used for
EV motors
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