Dafinchi AI

KBR

Industrial

Adjusted EBITDA was $242 million, up 12% with a margin of 12.4%, an increase of 70 basis points year-over-year.
HomeSafe Alliance JV was wound down, resulting in a year-to-date after-tax loss of $36 million and cash outflow of $30 million.
KBR delivered revenues of $2 billion in Q2 2025, up 6% year-over-year, driven by growth across both segments.
MTS segment revenues were $1.4 billion, up 7%, with adjusted EBITDA of $141 million and stable 10% margins.
Net leverage improved to 2.4x from 2.6x in prior quarter; capital returned to shareholders totaled $245 million year-to-date.
STS segment revenues were $540 million, up 2%, with adjusted EBITDA of $129 million and improved margins of 23.9%, up over 300 basis points.
Year-to-date operating cash flow was $308 million, up 20% versus prior year, with net income conversion rate of 123%.

DOW

Industrial

Cash proceeds included $2.4 billion from the Diamond Infrastructure Solutions partnership and expected proceeds from NOVA judgment and two noncore product line divestitures totaling approximately $250 million.
Dow is accelerating cost savings, expecting to deliver approximately $400 million in 2025, up from an original target of $300 million.
EBITDA was $703 million, lower than the same period last year.
In Q2 2025, Dow reported net sales of $10.1 billion, down 7% year-over-year and 3% sequentially, reflecting declines across all operating segments.
The company announced a 50% dividend reduction effective Q3 2025 to maintain financial flexibility amid a prolonged down cycle.

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