Accelera revenues decreased 5% with an EBITDA loss of $100 million, improved from a $117 million loss a year ago due to restructuring.
Cummins reported second quarter 2025 revenues of $8.6 billion, down 2% year-over-year, with North America revenues declining 6% and international revenues increasing 5%.
EBITDA increased to $1.6 billion or 18.4% of sales, up from $1.3 billion or 15.3% a year ago, driven by higher Power Generation demand, operational efficiencies, pricing, and lower compensation expenses.
Gross margin improved by 150 basis points to 26.4%, supported by favorable pricing and operational improvements, especially in Power Systems and Distribution segments.
Net earnings were $890 million or $6.43 per diluted share, compared to $726 million or $5.26 per diluted share a year ago.
Operating cash flow was $785 million inflow compared to an $851 million outflow a year ago, excluding a $1.9 billion settlement outflow in the prior year.
Segment performance highlights included Engine segment revenues down 8% with EBITDA at 13.8%, Components revenues down 9% with EBITDA at 14.7%, Distribution revenues up 7% with record EBITDA of $445 million at 14.6%, and Power Systems revenues up 19% with record EBITDA of $433 million at 22.8%.
Adjusted earnings per share rose 25% to $1.60 in Q3 2025.
Adjusted EBIT margins increased from 19.3% to 21.1% year-over-year in Q3, driven by favorable price, mix, and leverage effects.
ESCO Technologies reported strong Q3 2025 financial results with reported sales growth of nearly 27% and organic sales growth of 11%, excluding the Maritime acquisition impact.
Test segment delivered 21% sales growth in Q3 and 15.4% adjusted EBIT growth, though margins declined slightly due to mix and tariff impacts.
The Aerospace & Defense segment showed 56% reported sales growth and 14% organic growth, with a 560 basis point margin increase and record backlog of $832 million.
Utility Solutions Group had flattish sales growth of 2% but strong order growth of 5.5%, with some margin pressure due to timing issues at Doble.
Year-to-date results show double-digit adjusted EBIT margin improvement and over 24% adjusted EPS growth.
Adjusted EBITDA was $65 million versus $98 million in the prior year quarter.
Adjusted pretax earnings were $15 million compared to $45 million in Q2 2024.
Agribusiness segment adjusted pretax income was $17 million, down from $33 million in Q2 2024, with improved fertilizer volumes and margins but weak grain merchandising.
Gross profit declined due to challenging agricultural fundamentals and a strong comparative quarter in Renewables last year.
Renewables segment pretax income was $10 million compared to $23 million in Q2 2024, with record ethanol yields but offset by lower board crush and higher input costs.
Revenues increased slightly due to the addition of Skyland despite lower commodity prices overall.
The Andersons reported adjusted net income of $8 million and adjusted EPS of $0.24 in Q2 2025, down from $39 million and $1.15 in Q2 2024.
Dafinchi