Adjusted EBITDA margin in Q4 was 14.8%, down from 17.7% in the prior year quarter, mainly due to lower volumes and tariff impacts.
Adjusted EPS for fiscal 2025 was $1.34, supported by one-time items and restructuring savings despite lower sales and production volumes.
Adjusted EPS in Q4 declined to $0.34 from $0.49 in the prior year quarter.
Capital expenditures were $87 million in fiscal 2025, compared to $102 million the prior year.
Free operating cash flow for fiscal 2025 was $121 million, down from $175 million the prior year, impacted by lower net income and higher inventory costs.
Kennametal reported a 4% organic sales decline for fiscal 2025, with Metal Cutting down 5% and Infrastructure down 2%.
Kennametal returned $122 million to shareholders in fiscal 2025 through $60 million in share repurchases and $62 million in dividends.
Q4 sales declined 5% organically year-over-year, with Metal Cutting down 4% and Infrastructure down 5%.
Adjusted EBITDA for the quarter was $100 million, and adjusted EPS was $1.63.
Adjusted EBITDA margins compressed in the Electrical segment due to pricing declines but improved in the S&I segment due to volume growth and productivity gains.
Atkore reported net sales of $735 million in Q3 2025, with 2% organic volume growth.
Cash flow from operations was $192 million year-to-date, with $14 million proceeds from divestitures and equipment sales.
The balance sheet remains strong with no debt maturities until 2028 and a net leverage ratio of approximately 1x.
Year-to-date volume growth was driven by metal framing, cable management, construction services, PVC and fiberglass conduit products, and electrical cable and flexible conduit.
Adjusted earnings per share were $0.69, $0.10 higher than prior year, mainly due to EBITDA growth and lower interest expense.
Adjusted EBITDA was $207 million, 2% higher than prior year, driven by lower costs and restructuring actions.
EMEA showed strongest growth driven by herbicides and branded Cyazypyr.
Free cash flow was $40 million, down $241 million from prior year, mainly due to absence of significant inventory reduction seen previously.
Latin America revenues increased slightly, North America sales declined 5% due to destocking in Canada, and Asia was down due to lower pricing and volumes, especially in India.
Price was down 3% due to pricing adjustments to diamide partners and FX was a mild 1% headwind.
Second quarter sales were 1% higher than prior year, driven by volume growth of 6%.
Adjusted diluted earnings per share rose 29% year-over-year, marking the highest quarterly EPS growth since 2016 separation from flooring business.
Architectural Specialties segment net sales grew 37%, with 15% organic growth and strong contributions from 2024 acquisitions 3form and Zahner; adjusted EBITDA grew 61% with margin at approximately 22%.
In Q2 2025, Armstrong World Industries increased net sales by 16% and adjusted EBITDA by 23%, expanding adjusted EBITDA margin by 200 basis points to 36%.
Mineral Fiber segment net sales grew 7% with 5% AUV growth and modest volume contribution; adjusted EBITDA grew 16% with margin expansion of 350 basis points to approximately 45%.
Strong adjusted free cash flow generation allowed continued capital allocation including $14 million dividends and $30 million share repurchases in Q2, with $610 million remaining under repurchase authorization.
Adjusted unallocated corporate expenses and software development costs declined 2.1% year-over-year.
Capital expenditures were $2.7 million, primarily for aircraft maintenance and software development.
Cash and short-term investments totaled $113.4 million at quarter-end with no debt.
Medical revenues rose 17.6% year-over-year to a record $45.1 million in Q2 2025, driven by new transplant center customers and strengthened demand from third-party service providers.
Medical segment adjusted EBITDA margin increased to 13.4% in Q2 2025 from 11.4% in Q1 2025 but declined 100 basis points compared to 14.4% in Q2 2024 due to elevated maintenance downtime and costs.
Passenger segment adjusted EBITDA tripled year-over-year from $0.8 million to $2.4 million.
Passenger segment adjusted SG&A expenses fell 17% year-over-year due to lower marketing spend, restructuring in Europe, and exit from Canada.
Passenger segment flight margin improved by 580 basis points year-over-year to 30.5% in Q2 2025, driven by margin expansion in short distance and Jet & Other segments.
Working capital increased by $7 million in Q2 2025, contributing to cash from operations being negative $3.1 million despite adjusted EBITDA of $3.2 million.
Dafinchi