Adjusted EBITDA was $9.8 million or 7.1% margin, the strongest quarterly performance in fiscal 2025.
A noncash goodwill impairment charge of $69 million was recorded in the Consulting segment due to business performance and market capitalization decline.
Average bill rate improved by 4% year-over-year overall, with Consulting segment up 13% and Europe/Asia Pac up 7%.
Balance sheet remains strong with $86 million cash and no debt.
Consulting segment revenue declined 14% year-over-year to $51 million with adjusted EBITDA margin of 16%.
Enterprise run rate SG&A expense improved slightly to $46.2 million despite a 14-week quarter.
Europe and Asia Pac segment revenue was flat year-over-year at $21.3 million with improved adjusted EBITDA margin of 9%.
On-Demand segment revenue declined 16% year-over-year to $53 million with a stable 12% adjusted EBITDA margin.
Outsourced Services segment revenue grew 4% year-over-year to $11.3 million with a 28% adjusted EBITDA margin.
RGP delivered Q4 revenue of $139.3 million and gross margin of 40.2%, both above the high end of guidance.
Adjusted EBITDA for continuing operations was $145 million, representing a 7.5% margin, up 210 basis points from last year due to cost savings and productivity improvements.
Adjusted free cash flow for Q2 2025 was a use of $5 million, $109 million lower than last year, impacted by lower Off-Highway earnings, one-time costs, and working capital use.
Cost reduction initiatives delivered nearly $60 million in savings in Q2, totaling $110 million year-to-date, on track for a $310 million run rate by 2026.
Dana reported second quarter 2025 continuing operations sales of $1.94 billion, down $112 million year-over-year due to lower end market demand.
Earnings before tax from continuing operations improved by $30 million to a loss of $24 million.
Tariff headwinds impacted Q2 by about 80 basis points, with an 80% recovery expected for the full year.
The company returned $257 million to shareholders through share repurchases in Q2, buying back over 10% of shares outstanding.
The Off-Highway business was reclassified as discontinued operations, with sales down $125 million in the quarter and expected sale closing in Q4 2025.
Container volume increased 2.6% in Hawaii, decreased 14.6% in China, decreased 2.2% in Guam, and increased 0.9% in Alaska year-over-year in the second quarter.
Logistics operating income decreased primarily due to a lower contribution from transportation brokerage.
Net income decreased 16.3% year-over-year to $94.7 million and diluted earnings per share decreased 11.8% to $2.92 per share, noting a $10.2 million one-time interest income in the prior year quarter.
Ocean Transportation operating income was lower year-over-year primarily due to lower volume in China service, partially offset by higher freight rates and timing of fuel-related surcharge collections.
Second quarter consolidated operating income decreased $11.6 million year-over-year to $113 million, driven by lower contributions from Ocean Transportation and Logistics of $10.4 million and $1.2 million respectively.
SSAT terminal joint venture contributed $7.3 million in Q2, a $6.1 million increase year-over-year due to higher lift volume.
Dafinchi