Capital expenditures totaled $68 million in the quarter, with $19 million returned to shareholders via dividends.
LPX reported Q2 2025 sales of $755 million and EBITDA of $142 million, with adjusted EPS of $0.99.
Operating cash flow was $162 million, supported by $142 million EBITDA and seasonal working capital reductions.
Operating efficiencies improved with Siding OEE at 78% and OSB OEE at 79%.
OSB segment faced multi-year low commodity prices, resulting in $19 million EBITDA, outperforming algorithmic guidance due to cost control and price realization lag.
Siding segment revenue grew 11% year-over-year, driven by 2% price and 8% volume increases, achieving record volume, revenue, and EBITDA.
Cash and investments stood at $2.3 billion with total debt of $4.7 billion; net cash from operations was $135 million while capital expenditures were $267 million in the quarter.
FIFO accounting method caused an unfavorable pretax impact of $13 million in PEM compared to LIFO.
HIP segment delivered strong EBITDA of $275 million on sales of $1.1 billion, representing a 24% EBITDA margin, driven by seasonal volume increases and demand in municipal water applications.
Net income improved by $28 million sequentially but decreased by $325 million year-over-year due to higher feedstock and energy costs and lower average sales prices.
PEM segment EBITDA was $52 million, down from prior quarters due to planned and unplanned outages and global oversupply pressures, with sales of $1.8 billion.
Westlake reported second quarter 2025 EBITDA of $340 million on net sales of $3 billion, with a net loss of $12 million or $0.09 per share.
Building Services operating income grew 6.8% to $50 million with a 6.3% margin; Industrial Services reported a slight operating loss of $419,000.
Diluted earnings per share were $6.72, up 28% from $5.25 in the prior year period.
EMCOR reported a record quarterly revenue of $4.3 billion for Q2 2025, a 17.4% increase year-over-year.
Industrial Services revenues declined 13.3% to $281.1 million, impacted by lower field and shop services volumes.
Operating cash flow was $194 million for the quarter and $302.2 million year-to-date.
Operating income for Electrical Construction rose 78% to $157.7 million with an 11.8% margin; Mechanical Construction operating income increased nearly 12% to $238.7 million with a 13.6% margin.
Operating margins reached 9.6%, a 50 basis point improvement year-over-year, with operating income of $415.2 million.
U.K. Building Services revenues grew 26.3% to $134.6 million, driven by increased service revenues and new contract awards.
U.S. Building Services revenues increased 1.6% to $793.2 million, with Mechanical Services growing 6.5%.
U.S. Electrical Construction revenues increased 67.5% to $1.34 billion, driven by strong organic growth and the Miller Electric acquisition.
U.S. Mechanical Construction revenues were a record $1.76 billion, up 6% organically.
Year-to-date share repurchases totaled $432.2 million and acquisitions $887.2 million.
AMETEK delivered record second quarter sales of $1.78 billion, a 2.5% increase from Q2 2024, with organic sales flat, acquisitions adding 1.5 points, and foreign currency translation a 1-point benefit.
Capital expenditures were $29 million in Q2; expected full year $160 million or about 2% of sales.
Core margins were 26.7%, up 90 basis points excluding acquisition and currency impacts.
Depreciation and amortization expense was $108 million; full year expected at $425 million including $210 million after-tax acquisition-related amortization.
Earnings per diluted share were $1.78, up 7% versus Q2 2024.
EBITDA was a record $565 million, up 4% with EBITDA margins at 31.8%.
Effective tax rate was 19%, consistent with prior year; full year expected between 19% and 19.5%.
Electromechanical Group sales were a record $618 million, up 6%, with organic sales up 5% and currency up 1 point; operating income was a record $144 million, up 17%, with operating margins at 23.3%, up 210 basis points, and core margins up 260 basis points.
Electronic Instruments Group sales were $1.16 billion, up 1%, with organic sales down 3%, acquisitions up 2 points, and currency up 1 point; operating margins were 29.7%, core margins 30.7%, up 40 basis points.
General and administrative expenses were $27 million or 1.5% of sales, in line with prior year.
Gross debt-to-EBITDA ratio was 0.85, net debt-to-EBITDA ratio was 0.6; pro forma for FARO acquisition gross debt-to-EBITDA increases to 1.25.
Interest expense was $17 million; other expenses increased by $3 million due to lower pension income and foreign exchange.
Operating cash flow was $359 million; free cash flow was $330 million with year-to-date free cash flow conversion at 102% of net income.
Operating income was $462 million, up 3% year-over-year, with operating margins at 26%, up 20 basis points from prior year.
Operating working capital was 18.6% of sales, consistent with prior year.
Total debt at June 30 was $1.9 billion, down from $2.1 billion at end of 2024; cash and equivalents were $620 million.
Dafinchi