$11.6 Billion EBITDA Surge and 21 Percent Cash Flow Jump Signal Nouryon’s 2024 Momentum

Despite navigating a volatile global environment, Nouryon delivered a standout performance in fiscal 2024, driven by a sharp focus on profitability and strategic realignment. The company reported $11.6 billion in adjusted EBITDA, marking a 9.5% increase, with EBITDA margin rising by 220 basis points to reach 22.5%.

Although annual revenue edged down 1.1% to $5.13 billion, excluding currency fluctuations, revenue held steady. However, net losses totaled $339 million, largely due to $545 million in financing costs and $221 million in currency-related losses.

Free cash flow surged 21% to $728 million, bolstered by operational strength and reduced capital spending. Net cash from operations reached $968 million, enabling strategic flexibility for future investments and confirming Nouryon’s solid financial foundation.

Chairman and CEO Charlie Shaver credited the company’s performance to a robust specialty portfolio and disciplined cost control, noting that all business segments saw volume growth. With a normalized capex cycle, Nouryon is well-positioned for continued momentum into 2025.

Following a key organizational overhaul in Q3, the company now operates under three new divisions: Consumer and Life Sciences, Performance Materials, and Resource Solutions. These realignments are already accelerating growth focus areas like agriculture, clean technologies, and renewable fibers.

Segment highlights include a 14% EBITDA rise in Consumer and Life Sciences, reaching $517 million on 9% volume growth, and double-digit gains in life sciences sales for the agriculture market. Though Performance Materials revenue dipped 3%, EBITDA improved by 7%, with demand recovering post-inventory correction. Meanwhile, Resource Solutions delivered 6% EBITDA growth, driven by the launch of a new plant in the Americas and strong fiber sales.

CFO Sean Lannon emphasized that strong cash generation has strengthened the balance sheet. Leverage dropped from 5.7x to 5.0x, and active debt management efforts extended financing durations and improved liquidity ahead of 2025.

With a reinforced capital base and optimized business structure, Nouryon is charging into the next fiscal year with confidence, intent on deepening innovation and enhancing its market position across specialized sectors.