Dafinchi AI

CGNX

Industrial

Adjusted EBITDA increased 9% year-over-year with margin expansion of 80 basis points to 20.7%, the highest quarterly margin in two years.
Adjusted EPS grew 12% year-over-year to $0.25, driven by revenue growth, cost discipline, and a 2% reduction in average diluted share count.
Adjusted gross margin was 68%, down 230 basis points year-over-year due to industry mix and tariffs.
Free cash flow was strong at $40 million for the quarter, including a one-time $16 million transition tax payment, with trailing 12-month free cash flow up 138% to $180 million and a conversion rate of 130%.
Geographically, Europe revenue grew 13% (partly due to procurement changes), Americas grew 8%, Other Asia grew 5%, and Greater China declined 18% due to supply chain shifts.
Operating expenses decreased 2% year-over-year (3% on constant currency basis) reflecting disciplined cost management.
Q2 revenue was $249 million, up 4% year-over-year, marking the fourth consecutive quarter of organic growth.

Industrial

Adjusted EPS was $1.49 driven by 6.5% core sales growth reflecting strength across Aerospace & Electronics and Process Flow Technologies.
Adjusted operating profit increased 15% driven by strong net price and productivity.
Adjusted segment margin for Aerospace & Electronics was a record 26.3%, up 250 basis points from last year.
Aerospace & Electronics sales increased 12% organically to $258 million with record backlog over $1 billion, up 29% year-over-year.
Company remains in a net cash position with leverage post-PSI acquisition expected around 1x net debt to EBITDA.
Core FX-neutral backlog in Process Flow Technologies decreased 4%, while core FX-neutral orders increased 4%.
Core orders were up nearly 20% in the quarter, primarily driven by Aerospace & Electronics.
Corporate expenses were about $25 million in the quarter, higher in first half due to accelerated stock compensation amortization.
Process Flow Technologies sales were $319 million, up 7%, including 3% core growth and 3% from acquisitions.

Industrial

Adjusted EBITDA reached $703 million with a margin of 26%, marking the 20th consecutive quarter with adjusted EBITDA margins at or above 20%.
Capital additions increased to $198 million, up $41 million from the prior year, reflecting investments in capacity expansion and modernization.
Debt-to-EBITDA ratio stood at 2.1x, within the targeted range of 2 to 3x.
Earnings per diluted share were $4.21, reflecting strong earnings and ongoing share repurchase activity.
Free cash flow was $129 million, down from $336 million in the prior year quarter due to working capital timing and higher capital expenditures.
Owens Corning reported a 10% revenue increase year-over-year in Q2 2025, driven by the addition of the Doors business and strong commercial execution.
Returned $279 million to shareholders in Q2 through $220 million in share repurchases and $59 million in dividends.

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