Adjusted EBITDA for Q2 2025 was $38 million, down from $42 million in Q2 2024 due to higher natural gas costs offsetting higher pricing and volumes.
CapEx investments focused on ANS loading and storage capabilities to meet strong demand and improve plant reliability.
Cash balance remains strong with $32 million of Senior Secured Notes repurchased during the quarter and an additional $5 million debt reduction planned for Q3.
Expect a healthy year-over-year increase in adjusted EBITDA for Q3 2025 driven by volume growth and pricing dynamics.
Natural gas costs averaged $3.25 per MMBtu quarter-to-date, higher than $2.40 in Q3 last year, impacting margins.
Sales volumes increased 6% year-over-year driven by solid improvement in sales volumes of AN and UAN.
Adjusted EBIT margins in Custom Containers expanded 190 basis points due to cost reduction activities.
Adjusted EPS for Q2 was $1.01, a 15% increase from the prior year quarter.
Custom Containers sales decreased 3% due to exit of lower margin business, but adjusted EBIT increased 11% due to cost savings and favorable price/cost mix.
Dispensing and Specialty Closures segment sales increased 24% year-over-year, with record adjusted EBIT growing 16%, including a $5 million headwind from lower North American beverage volumes.
First half adjusted EPS was 17% above prior year, with record first half adjusted EBIT and EBITDA.
Metal Containers sales increased 4% with adjusted EBIT up 21%, driven by favorable price cost and normalized production environment.
Record total adjusted EBIT for Q2 was $193 million, up 17% year-over-year, driven by strong growth in dispensing products, the Weener acquisition, improved price cost in Metal Containers, and cost reduction efforts.
Silgan Holdings reported net sales of approximately $1.5 billion in Q2 2025, an 11% increase from the prior year period, driven primarily by growth in dispensing products and higher raw material pass-through in Metal Containers.
Adjusted EBITDA for Q2 was $96 million compared to $165 million a year ago.
Adjusted EPS was $0.43 compared to $0.85 in 2024.
Cash and marketable securities were $2.3 billion at June 30, down from $2.5 billion at March 31.
Consolidated new awards for the second quarter were $1.8 billion and 72% reimbursable.
Consolidated segment profit for Q2 was $78 million.
Energy Solutions segment profit was $15 million compared to $75 million a year ago, impacted by an unexpected $31 million arbitration ruling.
For the first half of 2025, new awards were $7.6 billion with a book-to-burn PGM above 1.
GAAP results include a $3.2 billion pretax mark-to-market gain and a $31 million unfavorable arbitration ruling.
Mission Solutions reported a segment profit of $35 million for the second quarter compared to $41 million a year ago.
Operating cash flow for the quarter was an outflow of $21 million compared to cash generation of $282 million a year ago.
Revenue for the second quarter was $4 billion.
Share repurchases totaled $153 million for 4 million shares in the second quarter.
Total backlog remains around $28 billion, of which 80% is reimbursable.
Urban Solutions reported profit of $29 million in the second quarter, reflecting a $54 million net impact of cost growth and expected recoveries on 3 infrastructure projects.
Average headcount was down 11.2% year-over-year and 3.7% sequentially.
C.H. Robinson delivered a 21% year-over-year increase in enterprise Q2 income from operations.
Effective tax rate for Q2 was 21.4%, with full year 2025 expected to be 18% to 20%.
Ended Q2 with $1.22 billion liquidity and net debt-to-EBITDA leverage of 1.40x, improved from 1.54x in Q1.
Generated $227.1 million in cash from operations in Q2; capital expenditures were $20.2 million.
NAST AGP increased 3% and global forwarding AGP increased 1.9% year-over-year.
NAST operating margin was approximately 38% in Q2, increasing year-over-year and sequentially.
NAST outgrew the market in both truckload and LTL, expanding gross margins and improving productivity year-over-year and sequentially.
Personnel expenses were $335.3 million including $3.9 million charges related to workforce reductions; excluding charges, personnel expenses were down $20.3 million.
Q2 SG&A expenses were $142 million, down slightly excluding divestiture charges.
Returned approximately $161 million to shareholders in Q2 through share repurchases and dividends.
Total AGP increased by $5.8 million year-over-year despite a $15 million decline from the sale of European Surface Transportation business.
Total operating expenses declined $32 million or 6.3% year-over-year.
Dafinchi