quartr
VNP: Strong revenue growth and robust backlog offset margin pressures from higher input costs
Revenue grew 28% in Q2 and 30% year-to-date, driven by strong volumes in renewable energy and bismuth-based products. Margins declined due to higher input and maintenance costs, but guidance for full-year Adjusted EBITDA of $100–$105 million is reaffirmed. Net debt fell to $23.7 million, supporting…