Cash balance ended at $104.6 million with $186 million drawn on revolving credit; generated $52 million in operating cash flow versus $36 million prior year.
Consolidated operating income rose 11% to $88.1 million with a 15% operating margin, up from 14.6% the prior year.
Declared quarterly cash dividend of $0.265 per share payable August 21.
Distribution sales increased 5% with operating income up $6.3 million and margin improving 300 basis points to 8.1%.
Effective tax rate increased to 25% from 23% due to higher foreign earnings and less favorable discrete items.
Energy Systems sales rose 6% with operating income up to $29.1 million and margin improving 190 basis points to 37.5%.
Franklin Electric reported second quarter 2025 consolidated sales of $587.4 million, an 8% year-over-year increase driven by acquisitions, higher volume, and price across all segments.
Gross profit was $211.8 million, up from $199.8 million the prior year, with a gross margin of 36.1%, down 70 basis points year-over-year.
Purchased approximately 1.4 million shares for $120 million, with 1.1 million shares remaining authorized for repurchase.
SG&A expenses increased to $123.5 million due to acquisition-related costs but improved 120 basis points as a percentage of sales year-over-year excluding acquisitions.
Water Systems sales grew 8% with operating income slightly down due to mix and acquisition costs; operating margin was 18.1%, down 160 basis points.
Adjusted EBITDA was $336 million, down year-over-year but improved sequentially due to higher volumes and cost savings.
Albemarle reported Q2 2025 net sales of $1.3 billion, with strong volume growth in energy storage and specialties but a year-over-year decline mainly due to lower lithium market pricing.
Capital expenditures were reduced by about 60% year-over-year to a range of $650 million to $700 million.
Corporate EBITDA improved primarily due to cost reductions and foreign exchange gains.
Liquidity remained strong with $3.4 billion available, including $1.8 billion in cash and $1.5 billion revolver availability.
Net debt to adjusted EBITDA ratio improved to 2.3x, well below covenant limits.
SG&A costs decreased by more than 20% year-over-year due to cost savings initiatives.
Specialties EBITDA increased by 35% year-over-year driven by higher volumes, pricing, and reduced costs.
The company achieved a 100% run rate of its $400 million cost and productivity improvement target by June 2025.
Adjusted EBITDA was $389 million with a margin of 26.9%, down 190 basis points due to volume deleverage, softer market conditions at CWT, higher operating costs, and strategic investments.
Adjusted EPS reached a record $6.27, slightly up from $6.24 in the prior year, supported by share repurchases and accretive acquisitions offsetting lower organic earnings.
Balance sheet remains strong with $68 million cash and net debt-to-EBITDA ratio of 1.4x; $1 billion available under revolving credit facility.
Carlisle reported second quarter 2025 revenues of $1.4 billion, essentially flat year-over-year, with acquisitions contributing $39 million in revenue.
CCM segment revenues grew approximately 1% year-over-year to $1.1 billion, with organic revenue flat; adjusted EBITDA was $346 million with a 31.6% margin, down 180 basis points.
CWT segment revenues declined 2% to $354 million, with organic revenue down 10%; adjusted EBITDA was $71 million with a 19.9% margin, down 260 basis points due to volume deleverage.
Free cash flow for the quarter was $258 million; year-to-date share repurchases totaled $700 million, with a 2025 target of $1 billion.
Dafinchi