Adjusted EPS grew 10% year-over-year, or 16% excluding the Wolverine divestiture, reflecting profitable growth and operational improvements.
Free cash flow increased to $214 million year-to-date, with a free cash flow margin of 14% in Q2, and $500 million of shares repurchased year-to-date.
In Q2 2025, ITT delivered $1 billion in orders, up 16% total and 13% organic, driven by all businesses including acquisitions kSARIA and Svanehøj.
Margins expanded across segments: IP margin grew 100 basis points to nearly 22%, MT margin grew 140 basis points despite 100 basis points FX headwind, and CCT margin grew 270 basis points excluding M&A dilution.
Operating income grew more than twice the organic sales growth rate, with operating margin expanding over 100 basis points excluding M&A impacts.
Operating margin increased 30 basis points to 18.4%, driven by higher volumes, pricing actions, and operational improvements, offsetting FX and temporary acquisition amortization costs.
Revenue reached a record quarterly level of over $970 million, up 7% total and 4% organic, with contributions from all segments.
Segment highlights include Industrial Process growing 5% organically, Svanehøj growing 43%, Connect & Control (CCT) growing 4% organically, and Motion Technologies (MT) friction OE growing 7% organically.
Adjusted EBITDA and operating income both grew 4%, marking record levels on an absolute basis.
Aptiv delivered record second quarter results with revenues of $5.2 billion, up 2% on an adjusted basis.
Earnings per share was $2.12, an increase of 34%, benefiting from higher operating income, share repurchases, lower tax expense, and restructuring of the Motional joint venture.
Operating cash flow was $510 million, strengthening the balance sheet and providing capital allocation flexibility.
Operating income margin expanded 10 basis points, driven by operating and cost structure initiatives, offset by a 120 basis point headwind from FX and commodities.
Operating income totaled $628 million, reflecting flow-through on volume growth and strong operating performance despite headwinds from foreign exchange and commodity prices.
Segment performance: ASUX revenue down 3% with 6% growth in active safety; ECG revenue up 5% with a 4% decline in operating income; EDS revenue up 5% with 18% operating income growth.
Adjusted EBITDA was $49 million, down 24% year-over-year, with a margin of 21.5%, a decrease of approximately 450 basis points due to lower volumes and sales mix.
Adjusted net income was $28.2 million, down 21.9%, with adjusted EPS of $0.20.
Capital expenditures totaled $6.8 million, and net leverage was 2.3x, within the target range.
Cash from operations was $51.4 million and free cash flow was $44.6 million, representing a 211% free cash flow conversion of adjusted net income on a trailing 12-month basis.
Commercial and Other segment revenue grew 6.7%, including contributions from the TMC acquisition and organic growth in rolling steel doors, carports, and sheds.
International segment revenue increased 58% to $28.4 million, driven by recovery from prior recessionary impacts.
Janus International Group reported Q2 2025 revenue of $228.1 million, down 8.2% year-over-year, primarily due to a 14.8% decline in self-storage new construction and R3 sales channels.
Dafinchi