Adjusted diluted EPS was $0.20 compared to an adjusted loss per share of $0.05 in the prior year quarter.
Adjusted EBITDA improved significantly to $18.3 million from $3.2 million in the prior year period, reflecting stronger execution and cost discipline.
AerSale reported Q2 2025 revenue of $107.4 million, up from $77.1 million in Q2 2024, driven by higher flight equipment sales and increased USM sales.
Gross margin expanded to 32.9% from 28.2% year-over-year due to improved USM sales and operational efficiencies.
Net income was $8.6 million compared to a net loss of $3.6 million in Q2 2024; adjusted net income was $9.4 million versus an adjusted net loss of $2.6 million.
SG&A expenses decreased slightly to $22.8 million despite higher revenue, aided by cost reduction initiatives.
Adjusted EPS grew 10% year-over-year, or 16% excluding the Wolverine divestiture, reflecting profitable growth and operational improvements.
Free cash flow increased to $214 million year-to-date, with a free cash flow margin of 14% in Q2, and $500 million of shares repurchased year-to-date.
In Q2 2025, ITT delivered $1 billion in orders, up 16% total and 13% organic, driven by all businesses including acquisitions kSARIA and Svanehøj.
Margins expanded across segments: IP margin grew 100 basis points to nearly 22%, MT margin grew 140 basis points despite 100 basis points FX headwind, and CCT margin grew 270 basis points excluding M&A dilution.
Operating income grew more than twice the organic sales growth rate, with operating margin expanding over 100 basis points excluding M&A impacts.
Operating margin increased 30 basis points to 18.4%, driven by higher volumes, pricing actions, and operational improvements, offsetting FX and temporary acquisition amortization costs.
Revenue reached a record quarterly level of over $970 million, up 7% total and 4% organic, with contributions from all segments.
Segment highlights include Industrial Process growing 5% organically, Svanehøj growing 43%, Connect & Control (CCT) growing 4% organically, and Motion Technologies (MT) friction OE growing 7% organically.
Dafinchi