Dafinchi AI

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%.

BorgWarner Inc.

BWA

Industrial

2w

Financial Performance Summary

Adjusted EPS increased by $0.02 year-over-year, aided by share repurchases.
Adjusted operating income was $373 million, slightly down $8 million on a comparable basis due to $31 million lower sales but offset by cost controls and tariff management.
Adjusted operating margin was strong at 10.3%, despite a 40 basis point tariff headwind, marking the fifth consecutive quarter with margin at or above 10%.
BorgWarner reported second quarter 2025 sales of just over $3.6 billion, relatively flat year-over-year excluding foreign exchange, in line with market production.
Free cash flow was $507 million, a 71% increase from the prior year, driven by strong working capital and capital expenditure performance.
Light vehicle eProduct sales increased 31% year-over-year, driven by strong growth in Europe and Asia.
The company returned over $130 million to shareholders in the quarter through dividends and share repurchases.

Joby Aviation, Inc.

JOBY

Industrial

1w

Financial Performance Summary

Adjusted EBITDA loss was $132 million, about $4 million higher than the prior quarter and $24 million higher than the same period last year.
GAAP net loss for Q2 was $325 million, including a $168 million operating loss and a $157 million nonoperating loss impacted by noncash items.
Joby ended Q2 2025 with $991 million in cash and short-term investments.
Q2 2025 cash use totaled $112 million, $10 million lower than the prior quarter, mainly due to one less payroll run.
The company closed the first $250 million tranche from Toyota and received an additional $41 million through its ATM facility.
Total operating expenses were $168 million, up $5 million from the prior quarter due to higher staffing and program spend.

The Brink's Company

BCO

Industrial

1w

Financial Performance Summary

Adjusted EBITDA increased 3% overall and 5% on a constant currency basis to $232 million, with record Q2 EBITDA margins of 17.8%.
Brink's reported Q2 2025 revenue of approximately $1.3 billion, up 4% year-over-year with 5% organic growth.
Capital allocation prioritized share repurchases, with $130 million used year-to-date to retire approximately 1.5 million shares.
Earnings per share remained flat at $1.79, supported by a 6% reduction in diluted share count due to share repurchases.
Free cash flow exceeded $100 million in Q2, with a year-to-date increase of $36 million and improved cash cycle efficiency.
Operating profit rose 6% (9% constant currency) to $165 million, with record operating margins of 12.6%, up 20 basis points year-over-year.

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.

Lennox International Inc.

LII

Industrial

3w

Financial Performance Summary

Building Climate Solutions (BCS) segment revenue rose 5%, with an 8% benefit from product mix and pricing offsetting volume declines.
Factory productivity improvements helped mitigate inflationary pressures in BCS.
Free cash flow remains on track for full year guidance of $650 million to $800 million.
Home Comfort Solutions (HCS) segment revenue increased 3% driven by favorable product mix and pricing up 12%, despite volume declines due to destocking and R-454B canister shortages.
Operating cash flow was $87 million and adjusted earnings per share were $7.82.
Quarterly dividend increased approximately 15% in May.
Revenue grew 3% in Q2 with segment margin reaching a record 23.6%, up 170 basis points.
Year-to-date share repurchases totaled $300 million with an additional $1 billion authorized.