- Adjusted EBITDA was $687 million, up 4.7% year-over-year, with an adjusted EBITDA margin of 14.4%, consistent with last year.
- Effective tax rate for the quarter was 25.1%, with full year expected around 25%.
- Europe's adjusted EBITDA margin improved to 8.2% from 7.4%, with EBITDA increasing to $111.8 million from $96.2 million.
- Gross leverage was reduced by $90 million through open market debt repurchases.
- Legal settlement expenses of $58 million were incurred related to boilers litigation.
- Mexico's adjusted EBITDA margin declined to 16.3% from 19.4%, with EBITDA at $92.3 million versus $115.1 million last year, impacted by FX headwinds and bird disease challenges.
- Net debt was less than $2.3 billion with leverage ratio below 1x adjusted EBITDA at quarter end.
- Net interest expense totaled $31.5 million for the quarter, with full year guidance of $115 million to $125 million.
- Net revenues for Q2 2025 were $4.8 billion, a 4.3% increase over Q2 2024.
- SG&A costs decreased year-over-year primarily due to lower legal settlement costs.
- Total cash and available credit exceeded $1.9 billion at quarter end.
- U.S. net revenues increased nearly 6% to $2.82 billion, with adjusted EBITDA rising to $482.7 million from $444.6 million.
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Dafinchi