Adjusted EBITDA rose 23.2% to $103.3 million, exceeding analyst estimates by $21 million, supported by employee retention credits and operational improvements.
CoreCivic reported a 9.8% increase in total revenue for Q2 2025 compared to Q2 2024, driven by higher federal and state detention populations and increased per diem rates.
GAAP EPS was $0.35, with adjusted EPS at $0.36, up 80% year-over-year, and normalized FFO per share increased 40.5% to $0.59.
Operating margin improved to 26.2% from 23.7% in the prior year quarter, with a 90 basis point increase excluding employee retention credits.
The company repurchased 2 million shares in Q2 at a cost of $43.2 million, totaling 3.9 million shares repurchased year-to-date for $81 million.
Consumer & Specialties sales were $278 million, up 4% sequentially; Household & Personal Care sales were $127 million, up 3% sequentially.
Engineered Solutions sales were $251 million, up 12% sequentially; High-Temperature Technologies sales were $178 million, 3% below prior year but up 5% sequentially.
Free cash flow was $34 million in Q2; CapEx was $29 million with full-year projection of approximately $100 million.
Liquidity stood at nearly $700 million with net leverage ratio at 1.7x EBITDA, below the 2x target.
Operating income for Consumer & Specialties was $37 million, up 24% sequentially with margin at 13.4%.
Operating income for Engineered Solutions was $44 million, with margin improving 200 basis points sequentially to 17.4%, matching last year's record.
Operating income was $79 million, up 25% sequentially, with operating margin at 14.9%, up 200 basis points from Q1.
Sales reached $529 million, an 8% sequential increase driven by higher volumes and favorable pricing.
Second quarter EPS was $1.55, up 36% sequentially and second only to last year's stronger Q2.
Strong cash conversion maintained at around 7% of sales, consistent with historical averages.
Adjusted earnings per share were $3.47, and operating cash flow was $296 million, generally in line with Q2 2024.
E-Systems segment sales were $1.6 billion, down 1% from 2024, with adjusted operating margins of 4.9%.
Lear Corporation delivered $6 billion of revenue in Q2 2025, with core operating earnings of $292 million and a total company operating margin of 4.8%.
Operating cash flow improved slightly compared to last year, driven by working capital improvements despite lower core operating earnings.
Sales were flat year-over-year at $6 billion, excluding foreign exchange and other impacts, sales were down 1%.
Seating segment sales were $4.5 billion, up 1% from 2024, with adjusted operating margins of 6.7%.
The company repurchased $25 million of shares in Q2 and $50 million in the first half, maintaining a dividend of $0.77 per share.
Engineered Materials segment EBITDA was $1 million below prior year, Latex Binders $9 million below, and Polymer Solutions $11 million below prior year.
First half 2025 volumes were 13% below prior year, with significant declines in Latex Binders, paper and board, automotive applications, and polystyrene.
Second quarter 2025 adjusted EBITDA was $42 million, below guidance due to unfavorable raw material timing, lack of seasonal demand pickup, and lower equity earnings at Americas Styrenics.
Second quarter free cash flow was negative $3 million, in line with guidance, with total liquidity at $399 million at quarter end.
Dafinchi