- Adjusted EBITDA for Q2 was $96 million compared to $165 million a year ago.
- Adjusted EPS was $0.43 compared to $0.85 in 2024.
- Cash and marketable securities were $2.3 billion at June 30, down from $2.5 billion at March 31.
- Consolidated new awards for the second quarter were $1.8 billion and 72% reimbursable.
- Consolidated segment profit for Q2 was $78 million.
- Energy Solutions segment profit was $15 million compared to $75 million a year ago, impacted by an unexpected $31 million arbitration ruling.
- For the first half of 2025, new awards were $7.6 billion with a book-to-burn PGM above 1.
- GAAP results include a $3.2 billion pretax mark-to-market gain and a $31 million unfavorable arbitration ruling.
- Mission Solutions reported a segment profit of $35 million for the second quarter compared to $41 million a year ago.
- Operating cash flow for the quarter was an outflow of $21 million compared to cash generation of $282 million a year ago.
- Revenue for the second quarter was $4 billion.
- Share repurchases totaled $153 million for 4 million shares in the second quarter.
- Total backlog remains around $28 billion, of which 80% is reimbursable.
- Urban Solutions reported profit of $29 million in the second quarter, reflecting a $54 million net impact of cost growth and expected recoveries on 3 infrastructure projects.
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