Dafinchi AI

ESAB Corporation

ESAB

Industrial

1w

Financial Performance Summary

EMEA and APAC regions showed robust performance with 11% total sales growth and EBITDA margins reaching 20.6%, driven by high-growth markets and acquisitions.
ESAB delivered strong Q2 2025 results with total sales growth of 2% and record adjusted EBITDA margins of 20.4%, the highest in company history.
Free cash flow for the quarter was $46 million, with expectations for improved cash flow in H2 2025 due to reduced tariff-related inventory and seasonal trends.
The Americas faced volume headwinds due to tariff-related uncertainty, particularly impacting Mexico and delaying automation orders, resulting in flat organic growth in the region.
The company maintained net leverage within its 2x target range, supporting flexible investment in growth opportunities.

Zurn Elkay Water Solutions Corporation

ZWS

Industrial

2w

Financial Performance Summary

Adjusted EBITDA was $118 million with a margin expansion of 120 basis points to 26.5%, the highest since the Zurn Elkay merger.
First half sales and EBITDA increased by $47 million and $22 million respectively, with a 47% drop-through on volume increase.
Free cash flow exceeded $100 million for the first time, ending at $102 million in the quarter.
Net debt leverage ended at 0.7x, the lowest as a public company, inclusive of $33 million share repurchases.
Second quarter sales totaled $445 million, representing 8% core growth year-over-year.

Bunge Global S.A.

BG

Industrial

2w

Financial Performance Summary

Adjusted EPS was $1.31 in the second quarter versus $1.73 in the prior year.
Adjusted leverage ratio was 1.1x at the end of the second quarter.
Adjusted segment EBIT was $376 million in the quarter versus $519 million last year.
Discretionary cash flow was approximately $1.1 billion with a cash flow yield of 9.8% compared to cost of equity of 8.2%.
Merchandising improved in Global Grains and Oils but was offset by lower results in Financial Services and ocean freight.
Milling results were higher in North America but lower in South America.
Net interest expense was $60 million, down from last year due to lower average rates and higher capitalized interest.
Processing results were higher in South America, especially Brazil and Argentina, driven by large soybean crops and slow farmer selling.
Refined and Specialty Oils results were down in all regions due to a balanced supply-demand environment and U.S. biofuel policy uncertainty.
Second quarter earnings per share was $2.61 compared to $0.48 in the second quarter of 2024.
Trailing 12 months adjusted ROIC was 8.4% and ROIC was 7.4%.

Cleveland-Cliffs Inc.

CLF

Industrial

3w

Financial Performance Summary

Adjusted EBITDA improved by $271 million from the prior quarter in Q2 2025.
Average selling price rose to $1,015 per ton, a $35 increase from the prior quarter, driven by higher index pricing.
Capital expenditure and SG&A budgets were reduced by $50 million for the full year 2025.
Liquidity ended at $2.7 billion with no near-term maturities and manageable net debt.
Q2 free cash flow showed a $67 million outflow, driven by working capital reductions, with expectations for improved free cash flow in H2 2025.
Shipment volumes increased by 150,000 tons quarter-over-quarter to 4.3 million tons, improving operational efficiency and lowering production costs.
Stelco acquisition contributed to cost synergies, especially through internal coke production reducing external coke purchases.
Unit costs decreased by $15 per ton in Q2, contrary to prior expectations of a slight increase.

Boise Cascade Company

BCC

Industrial

1w

Financial Performance Summary

BMD gross margin improved by 60 basis points year-over-year to 15.4%, despite stagnant demand and declining product prices.
Boise Cascade reported consolidated second quarter sales of $1.7 billion, down 3% from the prior year.
Building Materials Distribution (BMD) sales were $1.6 billion, down 2%, with segment EBITDA of $91.8 million compared to $97.1 million prior year.
Capital expenditures totaled $132 million in the first half of 2025, with $70 million in Wood Products and $62 million in BMD.
Net income was $62 million or $1.64 per share, compared to $112.3 million or $2.84 per share in the year-ago quarter.
Second quarter EBITDA margins for BMD were 5.7%, down slightly from 5.9% last year but up from 4.5% in the first quarter.
Wood Products segment sales were $447.2 million, down 9%, with EBITDA of $37.3 million versus $95.1 million last year.

MMM

Industrial

3w

Financial Performance Summary

3M reported adjusted earnings per share of $2.16 for Q2, up 12% year-over-year and above expectations.
Consumer business grew 0.3% organically despite soft consumer sentiment.
First half operating margin expanded 250 basis points to 24%, with earnings growth of 11%.
Free cash flow was $1.3 billion for the quarter with 110% conversion rate.
Margins expanded across all business groups: SIBG up 320 bps, TEBG up 230 bps, and CBG up 370 bps.
Operating margins increased by 290 basis points year-over-year driven by productivity and cost controls.
Organic sales growth was 1.5% with all three business groups showing positive growth for the third consecutive quarter.
Safety and Industrial business grew 2.6% organically, led by industrial adhesives, tapes, and electrical markets.
Strong operational performance included $300 million benefit from volume growth, productivity, and lower restructuring costs, partially offset by tariff and stranded cost headwinds.
Transportation and Electronics grew 1% organically, with strength in commercial graphics and aerospace & defense.