Dafinchi AI

ATI

Industrial

AA&S segment took a sequential step back in Q2 with a 50 basis point decline but was above expectations.
Adjusted earnings per share were $0.74, above projected range.
Adjusted EBITDA reached $208 million, surpassing the top end of guidance with an 18.2% margin.
Adjusted free cash flow was $93 million, a 94% increase year-over-year.
Contribution margins in Q2 were almost 50%.
First half 2025 revenue growth was 7% above 2024, and adjusted EBITDA growth was 21% above 2024.
High Performance Materials & Components segment delivered margins of 23.7%, a 350 basis point improvement from Q2 2024.
HPMC margins were up 130 basis points sequentially and 350 basis points year-over-year.
Managed working capital was 36.5% of sales through Q2, compared to a target of less than 30%.
Returned $250 million in share repurchases during the quarter, totaling over $800 million since 2022.
Revenue grew 4% year-over-year, exceeding $1.1 billion in Q2 2025.

CPA

Industrial

Copa reported a 21% operating margin and a 17.7% net margin, both among the best in the airline industry, highlighting its strong profitability.
Management emphasized the resilience of their business model, disciplined execution, and cost leadership as key drivers of these margins.
The company’s focus on efficiency and cost control has enabled it to maintain industry-leading margins despite industry capacity growth and yield pressures.

WNC

Industrial

Adjusted EBITDA was $16 million or 3.6% of sales.
Adjusted net income was negative $6.1 million or negative $0.15 per diluted share, beating expectations due to higher revenue and cost containment.
Capital allocation included $6 million traditional CapEx, $0.7 million invested in Trailers as a Service, $10.4 million share repurchases, and $3.4 million dividends.
Gross margins were 9% with breakeven adjusted operating margins.
In Q2 2025, Wabash reported consolidated revenue of $459 million, slightly better than expectations and at the top end of guidance.
Liquidity was $312 million with a net debt leverage ratio of 6.2x as of June 30.
Parts and Services segment generated $60 million revenue and $9.1 million operating income, showing sequential and year-over-year growth.
Transportation Solutions segment generated $400 million revenue and $13 million operating income.
Year-to-date operating cash flow was negative $16.1 million due to timing of revenue and working capital drag.

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