Fire Safety segment revenue was $120.3 million in Q2, a 22% increase year-over-year, driven by normalized U.S. wildfire activity and strong international performance.
GAAP loss per share was $0.22 in Q2 2025 versus GAAP earnings per share of $0.14 in Q2 2024; adjusted EPS was $0.39 compared to $0.25 in the prior year quarter.
Second quarter adjusted EBITDA reached $91.3 million, a 41% increase year-over-year, with year-to-date adjusted EBITDA at $109.4 million, up 42%.
Specialty Products segment net sales rose 47% to $42.4 million in Q2, including a $9.3 million contribution from IMS acquisitions, despite operational challenges at the Sauget plant.
The company repurchased 2.9 million shares for approximately $32 million in Q2, reflecting confidence in intrinsic value and capital allocation discipline.
Year-to-date free cash flow was $3.3 million, with Q2 free cash flow negative $15.6 million due to seasonal working capital build and capital expenditures.