Dafinchi AI

Dana Incorporated

DAN

Industrial

1w

Strategic Sale of Off-Highway Business to Allison for $2.7 Billion

Dana announced the sale of its Off-Highway business to Allison for just over $2.7 billion, with net cash proceeds of approximately $2.4 billion.
The closing is expected in late Q4, with regulatory filings mostly completed.
Proceeds will be used to return $600 million to shareholders and reduce debt by a couple of billion dollars.
The sale is expected to significantly de-leverage the balance sheet, with net debt leverage forecasted at about 0.7x EBITDA post-closing.

KAI

Industrial

2w

Financial Performance Summary

Adjusted EBITDA was $52.4 million, down 15% from $61.8 million in Q2 2024, with margin at 20.5% versus 22.5% prior year.
GAAP EPS decreased 17% to $2.22; adjusted EPS decreased 18% to $2.31, exceeding guidance by $0.31 due to higher revenue and gross margin.
Gross margin was 45.9%, up 150 basis points from 44.4% in Q2 2024, driven by a higher percentage of aftermarket parts (71% vs. 63%).
Net debt decreased by over $100 million year-over-year to $151.7 million; leverage ratio improved to 0.86 from 0.95.
Operating cash flow increased 44% to $40.5 million; free cash flow increased 58% to $36.5 million, driven partly by increased customer deposits.
Second quarter revenue was $255.3 million, including record aftermarket parts revenue of $181.8 million.
SG&A expenses increased 6% to $73.9 million, or 29% of revenue, impacted by foreign currency effects and acquisition-related costs.

Interface, Inc.

TILE

Industrial

1w

Financial Performance Summary

Adjusted gross profit margin increased 402 basis points to 39.8%, driven by higher pricing, favorable product mix, and manufacturing productivity.
Adjusted operating income increased 41% to $55.9 million; adjusted EBITDA rose to $64.8 million from $50.5 million.
Adjusted SG&A expenses rose to $93.4 million due to higher commissions, variable compensation, healthcare costs, inflation, and FX impacts.
Cash from operations was $30.1 million; liquidity strong at $419.9 million; net debt $182.7 million; net leverage ratio 0.9x.
Interface delivered strong Q2 results with currency-neutral net sales growth of 7% and adjusted EPS of $0.60, both ahead of expectations.
Net sales totaled $375.5 million, up 8.3% year-over-year, with FX-neutral net sales up 7.1%.
Repurchased $4.3 million of common stock in Q2, first repurchase since 2022, as part of balanced capital allocation strategy.

Easterly Government Properties, Inc.

DEA

Industrial

1w

Financial Performance Summary

Balance sheet remains strong with $122 million revolver capacity and expected $115 million liquidity inflow later in the year.
Cash available for distribution was $29.3 million.
Core FFO per share increased 3% year-over-year to $0.74.
Easterly reported net income per share of $0.09 on a fully diluted basis for Q2 2025.
Leverage ratio remains within target range of 6.5 to 7.5x.
The company exceeded consensus expectations for the quarter.

Fortune Brands Innovations, Inc.

FBIN

Industrial

1w

Financial Performance Summary

Earnings per share were $1.00 for the quarter.
Fortune Brands reported second quarter net revenue of $1.2 billion, down 3% year-over-year or down 1% excluding China.
Free cash flow was approximately $119 million in the quarter, with $93 million returned to shareholders including $63 million in share repurchases.
Net debt stood at $2.6 billion with a net debt-to-EBITDA leverage of 2.8x, expected to be between 2.2x and 2.5x at year-end.
Operating income was $199 million with an operating margin of 16.5%.
Outdoors segment sales were $379 million, down 3%, with operating income down 23% to $48.6 million and operating margin of 12.8%.
Security segment sales declined 7% to $178 million, with operating income down 27% to $26.3 million and operating margin of 14.8%.
Water segment sales were $647 million, down 2% but up 2% excluding China, with operating income up 8% to $165.5 million and operating margin of 25.6%.

Insteel Industries, Inc.

IIIN

Industrial

4w

Financial Performance Summary

Adjusted earnings per share were $0.81 excluding nonrecurring restructuring charges.
Average selling prices rose 11.7% year-over-year and 8.2% sequentially, driven by pricing actions to offset rising raw material costs.
Capital expenditures totaled $1.6 million for the quarter, with a reduced full-year target of $11 million from $17 million.
Ended the quarter with $53.7 million cash on hand, debt-free with no borrowings on revolving credit facility.
Gross profit increased by $15.4 million to $30.8 million with gross margin expanding 650 basis points to 17.1%.
Net earnings for Q3 2025 increased to $15.2 million or $0.78 per share compared to $6.6 million or $0.34 per share in the prior year.
Operating activities generated $28.2 million in cash, driven by higher earnings and working capital improvements.
SG&A expenses rose to $10.6 million or 5.9% of net sales, mainly due to higher compensation and amortization expenses.
Shipments increased 10.5% year-over-year and 3.5% sequentially, supported by acquisitions and improving demand.

American Axle & Manufacturing Holdings, Inc.

AXL

Industrial

6d

Financial Performance Summary

Adjusted earnings per share were $0.21, compared to $0.19 in the prior year quarter.
Adjusted EBITDA was $202 million, representing a 13.2% margin, up 40 basis points year-over-year despite lower sales.
AXL reported Q2 2025 sales of $1.54 billion, down from $1.63 billion in Q2 2024, primarily due to lower volumes.
Net debt stood at $2.0 billion with a net leverage ratio of 2.8x and total liquidity over $1.5 billion.
Net income was $39.3 million or $0.32 per share, up from $18.2 million or $0.15 per share in Q2 2024.
Operating cash flow was $91.9 million, with adjusted free cash flow of approximately $49 million.