Dafinchi AI

MATV

Industrial

Adjusted EBITDA was $67.2 million, up 1% year-over-year and up $30 million sequentially from Q1 2025, marking the second highest adjusted EBITDA quarter since the merger.
Adjusted EPS was $0.33 compared to $0.34 in the prior year period.
Consolidated net sales for Q2 2025 were $525 million, slightly up from $524 million in Q2 2024 and up 8% sequentially from Q1 2025.
Filtration & Advanced Materials (FAM) segment sales were $204 million, down 1% year-over-year, with adjusted EBITDA of $40 million, down just under $2 million.
Interest expense remained steady at just over $18 million, with over 80% of debt at fixed rates maturing between 2027 and 2029.
Net debt decreased by over $40 million sequentially to $995 million, with a net leverage ratio of 4.5x, providing about 1 full turn of headroom versus the 5.5x covenant.
Sustainable & Adhesive Solutions (SAS) segment sales were $321 million, up 5% organically and 1% reported year-over-year, with adjusted EBITDA of $45 million, down just under 2%.
Tax rate was unusually high at 417% due to valuation allowances and one-time tax adjustments.

CMP

Industrial

Adjusted EBITDA increased 25% to $41 million compared to $32.8 million last year.
Consolidated net loss narrowed to $17 million from $43.6 million a year ago.
Consolidated revenue for Q3 2025 was $215 million, up 6% year-over-year.
Operating income improved to $15.9 million from $5.9 million in the prior year period.
Per ton operating earnings in Salt increased 4% to $18.20, and adjusted EBITDA per ton rose 6% to $29.66.
Plant Nutrition revenue rose 15% to $45 million despite a 5% decline in pricing.
Plant Nutrition saw a 23% decrease in all-in production cost per ton, offset by a 10% increase in distribution costs.
Salt business revenue was $166 million, with pricing down 1% but volumes up 4%.

TRN

Industrial

Balance sheet remains strong with $792 million in liquidity and a loan-to-value ratio of 69.4% on wholly owned fleet.
Effective tax rate for the quarter was 15.8%, aided by $40 million in transferable tax credits purchased at a discount.
Fleet utilization remained high at 96.8% during the quarter.
Lease portfolio sales proceeds were $29 million in the quarter, with net gains on lease portfolio sales totaling $14 million year-to-date.
Maintenance services revenue increased 21% year-over-year due to favorable pricing and positive mix.
Net lease fleet investment year-to-date was $233 million, with active participation in the secondary market as both buyer and seller.
Railcar Leasing segment showed strong lease rate increases with a future lease rate differential of 18.3% and renewal rates 17.9% above expiring rates.
Rail Products segment delivered 1,815 railcars with a 3% operating margin, impacted by workforce reductions and lower order volumes.
Second quarter revenues were $506 million with GAAP EPS of $0.19, consistent with expectations given slower delivery pace.
Share repurchases totaled $31 million in the quarter, with $90 million returned to shareholders year-to-date through dividends and repurchases.
Year-to-date cash flow from continuing operations was $142 million.

STRL

Industrial

Adjusted earnings per share increased by 41% to $2.69, and adjusted EBITDA rose 35% to $126 million.
Backlog totaled $2 billion, a 24% year-over-year increase, with E-Infrastructure backlog up 44%.
Building Solutions revenue declined 1% with adjusted operating income down 28%, impacted by housing market softness and affordability challenges.
Gross profit margin expanded by 400 basis points to 23.3%.
Operating cash flow was strong at $85 million for the quarter.
Sterling Infrastructure reported a 21% revenue growth in Q2 2025, driven by 29% growth in E-Infrastructure Solutions and 24% in Transportation segment.
Transportation Solutions backlog increased 5% year-over-year but declined 17% sequentially due to strong revenue burn and seasonal factors.

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