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.
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.
Balance sheet remains strong with EUR 300 million debt retired in the quarter and EUR 600 million maturing in Q4.
EUR 300 million of debt was retired during the quarter, with EUR 600 million maturing in Q4.
Industrial Coatings segment sales volumes were flat, showing improvement and initial benefits from share gains.
Industrial Coatings segment sales volumes were flat, showing initial benefits from share gains.
Packaging Coatings organic sales increased by a high single-digit percentage year-over-year.
Performance Coatings segment achieved record net sales and earnings with 6% organic sales growth.
Performance Coatings segment delivered record net sales and earnings with 6% organic sales growth.
PPG delivered net sales of $4.2 billion with 2% organic sales growth in Q2 2025.
Protective & Marine Coatings achieved double-digit organic sales growth for the ninth consecutive quarter.
Protective & Marine Coatings had double-digit organic sales growth for the ninth consecutive quarter.
Quarterly dividend per share was raised by 4%.
Segment EBITDA margin declined in Global Architectural Coatings due to divestiture, lower volumes, and unfavorable currency translation, partially offset by cost controls.
Segment EBITDA margin declined in Packaging Coatings due to divestiture and lower selling prices, partially offset by cost control.
Segment EBITDA margin was 20.3% and adjusted EPS was $2.22.
Segment EBITDA margin was 20.3% for the quarter.
The company repurchased $150 million of stock in Q2, totaling $540 million year-to-date, and raised its quarterly dividend by 4%.
The company repurchased approximately $150 million of stock in Q2, totaling $540 million year-to-date.
Dafinchi
