Adjusted EBITDA increased 25% to $328 million with margin expansion of 101 basis points to 17.2%, primarily due to productivity improvements and favorable price/cost dynamics.
Adjusted EPS was $1.37, up 7% year-over-year, impacted by higher-than-expected interest expense and favorable price/cost performance.
All other businesses had flat sales at $95 million but adjusted EBITDA declined 8% due to unfavorable mix and price/cost factors partially offset by productivity.
Industrial segment sales decreased 2% to $588 million due to lower volumes and China market exit, but adjusted EBITDA increased 15% to $113 million with margin expansion of 290 basis points.
Interest expense was $0.07 higher than anticipated due to loan amortization fees and higher commercial paper balances.
Sonoco's second quarter 2025 net sales grew 49% to $1.9 billion, driven by the SMP EMEA acquisition, strong volume in the SMP U.S. business, and favorable pricing.
Acquisitions contributed an additional 6% to sales, including Dipsol and Sutai.
Adjusted EBITDA was $75.5 million with margins of 15.6%, reflecting sales growth and disciplined cost management.
Capital expenditures were approximately $8 million, focused on new facility construction in China.
GAAP diluted earnings per share were a loss of $3.78 due to a noncash goodwill impairment charge and a $9 million restructuring charge.
Gross margins were 36%, slightly lower than prior periods but within target range, impacted by higher raw material and manufacturing costs and product/geographic mix.
Gross margins were 36%, slightly lower than prior year due to higher raw material and manufacturing costs and product/geographic mix.
Net debt was $735 million with a net leverage ratio of 2.6x trailing 12 months adjusted EBITDA.
Non-GAAP diluted earnings per share were $1.71.
Operating cash flow was $42 million in the quarter, with working capital as a source of cash.
Operating cash flow was $42 million, with $33 million used for share repurchases.
Organic volumes increased 2%, driven by new business wins of approximately 5% and continued strength in Asia/Pacific.
Second quarter net sales were $483 million, a 4% increase from the prior year.
Adjusted EPS was $0.51, down 40% year-over-year, in line with expectations due to divestitures and lower volumes.
APS segment revenue declined 11% to $507 million, with adjusted EBITDA down 27% and margin at 15.8%, affected by volume and product mix.
GAAP net income was $2 million, a significant improvement from a $249 million loss in the prior year, driven by the absence of a prior year impairment charge.
MTS segment revenue decreased 2% to $92 million, with adjusted EBITDA down 9% and margin at 19.9%, impacted by tariffs but partially offset by pricing and productivity.
Net debt was $1.51 billion with a net debt to pro forma adjusted EBITDA ratio of 3.9x, improved to 3.7x post quarter-end divestiture of TerraSource minority stake.
Pro forma adjusted EBITDA was $84 million, down 28%, with a margin of 14.1%, decreasing 360 basis points due to lower volume and operating leverage headwinds.
Q3 revenue was $599 million, down 24% year-over-year and 10% on a pro forma basis, impacted by the divestiture of MIME and lower APS capital equipment volume.
Intrepid Potash reported adjusted EBITDA of $16.4 million and adjusted net income of $6 million in Q2 2025, compared to adjusted EBITDA of $9.2 million and adjusted net loss of about $40,000 in Q2 2024.
Oilfield Solutions segment contributed $4.3 million in revenue and $1.3 million in gross margin, consistent with historical averages.
Potash production was 44,000 tons in Q2, 4,000 tons higher than the prior year period, with cost of goods sold improving 13% to $337 per ton.
Potash sales volumes increased by 25% year-over-year to 69,000 tons in Q2, with a net realized sales price of $361 per ton, up $50 per ton from Q1.
Trio segment sold 70,000 tons at an average net realized sales price of $368 per ton, with production also at 70,000 tons and cost of goods sold per ton improving 10% year-over-year.
Dafinchi
