Dafinchi AI

GIC

Industrial

Balance sheet remains strong with $55.1 million cash, no debt, and $120 million credit facility availability.
Board declared a quarterly dividend of $0.26 per share.
Capital expenditures were $1.4 million in the quarter, with expected full-year 2025 capex of $2 million to $3 million focused on maintenance.
Global Industrial reported second quarter 2025 revenue of $358.9 million, a 3.2% increase year-over-year, driven by growth in largest strategic accounts and offset by declines in smaller transactional customers.
Gross margin reached a record 37.1%, up 190 basis points from Q2 2024 and 220 basis points sequentially, reflecting price capture and favorable FIFO inventory timing.
Operating income rose 26.9% to a record $33.5 million, with operating margin at 9.3%.
Selling, distribution, and administrative expenses increased 3.5% to $99.5 million but remained flat as a percentage of sales at 27.7%, reflecting cost control and efficiency gains.
Strong cash flow generation was noted with operating cash flow from continuing operations at $31.8 million.

ENVX

Industrial

Board authorized a $60 million share buyback program, with no purchases made yet.
Cash balance at end of Q2 was $203.4 million after acquisition payments and capital expenditures related to Fab2.
Net loss per share was $0.13, improved from guidance range of $0.15 to $0.21.
Non-GAAP gross margin reached 31%, driven by higher margin defense products from the Korean factory.
Operating expenses were $28.8 million for the quarter, down 5% year-over-year.
Q2 revenue was $7.5 million, exceeding guidance range of $4.5 million to $6.5 million and up 98% year-over-year.

GNTX

Industrial

Consolidated gross margin improved to 34.2% from 32.9% last year; core Gentex gross margin was 35.3%, up 240 basis points year-over-year.
Consolidated net income was $96 million, up 12%; adjusted net income was $105.8 million, a 23% increase.
Consolidated net sales for Q2 2025 were $657.9 million, a 15% increase over Q2 2024.
Core Gentex operating income was $123.8 million, up 8% year-over-year; adjusted core operating income was $130.9 million, a 14% increase.
Core Gentex revenue grew 1% to $579 million despite a 2% decline in light vehicle production in primary markets.
Earnings per share were $0.43, up 16%; adjusted EPS was $0.47, a 27% increase.
Operating expenses increased to $106.8 million, mainly due to VOXX acquisition-related costs.
VOXX contributed $78.8 million in revenue for the quarter.

Earnings Feed