Orbia delivered solid results for the first quarter of 2023 with moderate improvement in several of its end markets over the course of the quarter. Revenue and profitability both declined from the record performance achieved in the prior year quarter due to macroeconomic challenges that arose in the second half of 2022 and continued into 2023. In the quarter, Orbia generated strong operating cash flow and maintained a solid balance sheet, demonstrating the resilience of its businesses and robust long-term fundamentals.