Dafinchi AI

Industrial

Construction and Forestry segment net sales down 5% to $3.059 billion with a 7.7% operating margin.
Equipment operations net sales also down 9% to $10.357 billion.
Financial Services net income was $205 million, up due to lower credit loss provisions and prior year special items.
Net income attributable to Deere & Company was $1.289 billion or $4.75 per diluted share.
Net sales and revenues declined 9% year-over-year to $12.018 billion in Q3 2025.
Operating margin for equipment operations was 12.6% in the quarter.
Production and Precision Ag segment net sales down 16% to $4.273 billion with a 13.6% operating margin.
Small Ag and Turf segment net sales down 1% to $3.025 billion with a 16% operating margin.

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.

GVA

Industrial

Adjusted net income improved by 12%, and adjusted EBITDA rose 17%, reflecting operational efficiencies and margin expansion.
Construction segment revenue grew 2% year-over-year to $937 million, supported by acquisitions and a record backlog of $6.1 billion.
Granite Construction reported a 4% increase in revenue for Q2 2025, totaling $43 million more than the prior year.
Gross profit increased by 21%, or $34 million, driven by strong performance in both Construction and Materials segments.
Materials segment saw an 11% increase in aggregate volumes and margin improvements due to higher prices and operational initiatives.
Operating cash flow for the first half of 2025 was $5 million, with expectations to reach 9% of revenue by year-end.

MEG

Industrial

Consolidated adjusted EBITDA grew nearly 70% to $39.6 million with a margin of 16.9%, a 340 basis point improvement over the prior year.
GAAP net income was positive at $18.4 million or $0.42 per diluted share, compared to a net loss in the prior year period.
Leverage ratio improved to 2.5x at quarter end and pro forma leverage after preferred stock redemption is 2.99x.
Montrose Environmental reported record Q2 2025 revenue of $234.5 million, a 35.3% increase year-over-year, driven by organic growth, environmental emergency response revenue, and acquisitions.
Operating cash flow improved by $48.5 million year-over-year to $27.4 million in the first half of 2025, with free cash flow increasing by $63.1 million to $16.7 million.
Year-to-date revenue increased 25.5% to $412.4 million, and adjusted EBITDA rose 46% to $58.6 million with a 14.2% margin.

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