Dafinchi AI

Huron Consulting Group Inc.

HURN

Industrial

1w

Financial Performance Summary

Adjusted EBITDA was $60.6 million or 15.1% of RBR, up from $55.7 million or 15% of RBR in Q2 2024.
Adjusted net income was $33.7 million or $1.89 per diluted share, a 12.5% increase over Q2 2024.
Cash flow from operations was $80 million; free cash flow was $73.7 million.
Cash flow from operations was $80 million; free cash flow was $73.7 million after $6.3 million capital expenditures.
Commercial segment RBR grew 28%, driven by AXIA acquisition and strong digital offerings demand.
DSO improved to 78 days from 81 days in Q2 2024.
Education segment RBR grew 5%, achieving a record level driven by strategy, operations, and software product demand.
Healthcare segment RBR grew 4% overall, 6% excluding divested student education business.
Net debt increased to $596.8 million due to share repurchases and acquisition payments; leverage ratio was 2.5x adjusted EBITDA.
Net income was $19.4 million or $1.09 per diluted share, down from $37.5 million or $2.03 per diluted share in Q2 2024, impacted by an $8.2 million noncash impairment charge.
Operating income margins improved in Healthcare (30.2% vs 29.1%) and Commercial (16.6% vs 15.3%), Education margin stable at 25%.
Operating income margins improved in Healthcare (30.2% vs 29.1%) and Commercial (16.6% vs 15.3%), stable in Education (25% vs 25.1%).
Revenues before reimbursable expenses (RBR) grew 8% over Q2 2024, reaching a record high.

Vicor Corporation

VICR

Industrial

3w

Financial Performance Summary

Advanced Products revenue increased 1.2% sequentially to $60.6 million; Brick Products revenue increased 4% sequentially to $35.5 million.
Cash and cash equivalents increased to $338.5 million, with $17.5 million spent on share repurchases during the quarter.
Gross profit margin was 65.3%, a 1,810 basis point increase sequentially, primarily due to the patent litigation settlement.
Net income for Q2 was $41.2 million with GAAP diluted EPS of $0.91 based on 45.77 million shares.
Operating expenses increased 5% sequentially to $46.7 million, driven by $5.1 million in legal fees related to the patent litigation settlement.
Q2 book-to-bill ratio was below 1 and backlog decreased 9.6% sequentially to $155.2 million.
Vicor recorded Q2 product revenues, licensing income, and a patent litigation settlement totaling $141 million, up 50.1% sequentially and 64.3% year-over-year.

PNR

Industrial

3w

Financial Performance Summary

Free cash flow was a record $596 million, up 14% year-over-year, with net debt leverage ratio improving to 1.2x from 1.6x a year ago.
Inflation impact was approximately $37 million, including $15 million tariff impact, offset by $20 million transformation savings.
Pentair delivered a record Q2 with sales up 2% to $1.1 billion, adjusted operating income up 9% to $297 million, return on sales expanding 170 basis points to 26.4%, and adjusted EPS rising 14% to $1.39.
Pool segment sales grew 9%, Flow sales were flat, and Water Solutions sales declined 4%.
The company repurchased $75 million of shares in Q2 and $125 million year-to-date.

Vulcan Materials Company

VMC

Industrial

2w

Financial Performance Summary

Adjusted EBITDA improved 16% year-over-year with $660 million generated in Q2, a 9% increase despite lower aggregate shipments.
Freight adjusted unit cash cost of sales increased only 1.5% in Q2 and was lower year-to-date.
Margins expanded 260 basis points and aggregate cash gross profit per ton grew 13%.
Net debt to trailing 12-month adjusted EBITDA leverage was 2.1x at quarter end.
Operating cash flow improved 58% year-over-year on a trailing 12-month basis, with free cash flow surpassing $1 billion.
Price improvements were geographically widespread with freight-adjusted average selling prices up 5%, and mix-adjusted prices up 8%.
Return on invested capital at June 30 was 15.9%.

RTX Corporation

RTX

Industrial

3w

Financial Performance Summary

Adjusted EPS was $1.56, up 11%, including $0.06 higher tariff costs; GAAP EPS was $1.22.
Backlog grew 50% year-over-year to $236 billion, with a Q2 book-to-bill of 1.86.
Free cash flow was approximately breakeven with an outflow of $72 million, impacted by a 4-week Pratt work stoppage and tariff-related costs.
Second quarter adjusted sales were $21.6 billion, up 9% organically year-over-year, with commercial aftermarket growth of 16%.
Segment operating profit increased 12% to $2.7 billion, with a 30 basis point margin expansion.
Segment results: Collins sales up 9%, Pratt & Whitney sales up 12%, Raytheon sales up 6%.
Strong bookings included over 1,000 GTF engine orders and $5 billion in integrated air and missile defense awards.
Tariff costs net of mitigation are expected around $500 million for 2025, improved from prior outlook of $850 million.