Record Performance Follows IPO
The company delivered record Adjusted EBITDA excluding inventory revaluation and record free cash flow. It had record sales volume in Synthetic Rubber and record EBITDA in Performance Plastics. In addition, the company successfully refinanced its debt, reducing its annual cash interest expense by $37 million at current rates, and ended the year with a net leverage ratio of 1.6 times debt to equity.
Table 1: Selected Financial Data*