Cuts FY17 $1.60-1.70 v $2.02e (previous $2.08-2.18), adj EBITDA $200-204M ((prior adj EBITDA $225-230M), Citing margin compression "While our volumes in Europe remain on track with our expectations, we are incurring significant margin pressure in the region due to the magnitude and timing of raw material cost increases," said Joseph M. Gingo, chairman, president and chief executive officer. "This compression compounds the macroeconomic headwinds and previously disclosed operational challenges thus making our full-year guidance unattainable, despite the continued progress we are making in this reset year.
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