Absolent Q3 2024: Sluggish - Redeye

Redeye expected a more stable top-line in the third quarter. Sales dropped by 7% and with a less favorable sales mix, margins took a hit. Absolent’s near-term outlook is now rather cautious. But there are some positive signs of improvement in China and the company is showing good growth in Canada. We will make some downward adjustments to our near-term forecasts.

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