Adjusted EBITDA was $28 million, down $40 million year-over-year, impacted by tariff disruptions, operational challenges, and foreign exchange losses.
Adjusted free cash flow year-to-date was negative $52 million, with full-year guidance revised to negative $10 million to $25 million.
Operating loss was $1 million, a decline of $29 million compared to the prior year.
RYAM reported Q2 2025 revenue of $340 million, down $79 million year-over-year.
Segment results showed declines in Cellulose Specialties, Paperboard, and High-yield Pulp, with some improvement in Cellulose Commodities operating loss.
Capacity utilization rate increased to 65%, the highest in nearly 3 years.
Cash COGS per metric ton declined by 13% year-over-year, with expectations to exceed initial cost reduction guidance for the full year.
Cash used in operating activities and adjusted free cash flow were both $53 million in Q2 2025, impacted by $39 million of cash interest payments.
GrafTech grew sales volume by 12% year-over-year in Q2 2025 and 16% sequentially compared to Q1 2025, reaching the highest sales volume since Q3 2022.
Net loss for Q2 2025 was $87 million or $0.34 per share, including a $43 million non-cash income tax charge for valuation allowance against deferred tax assets.
The company generated positive EBITDA of $3 million in Q2 2025, the first positive EBITDA since Q2 2024.
Total liquidity at the end of Q2 2025 was $367 million, including $159 million cash and $208 million available credit facilities.
Weighted average selling price in Q2 2025 was approximately $4,200 per metric ton, an 8% increase compared to Q4 2024 non-LTA price of $3,900 per metric ton.
Year-to-date sales volume increased 7% compared to 2024, with a full year 2025 sales volume growth target of approximately 10%, resulting in cumulative growth of about 25% since end of 2023.
Adjusted Q2 operating profit was $5 million, significantly down from prior year, excluding $15 million in severance and asset impairment costs.
Bolzoni revenues declined year-over-year due to phasing out lower-margin legacy products, but showed sequential revenue growth.
Lift Truck segment margins were negatively impacted by $10 million in tariff-driven material and freight cost increases.
Net debt improved year-over-year due to excess cash generation and debt reduction; liquidity remains strong with nearly $260 million unused borrowing capacity.
Operating cash flow improved to approximately $30 million in Q2, driven by working capital management and inventory reductions.
Q2 2025 revenues declined 19% year-over-year due to lower volumes and tariff-related economic uncertainty.
Tax expense was $200,000 in Q2 compared to $26 million prior year, influenced by lower pretax earnings and capitalization of R&D costs.
Adjusted EBITDA margin was 18.6%, above expectations despite unfavorable product mix and tariff impacts.
Cash from operations was near-record at $37 million, with debt reduced by $67 million year-over-year, lowering net debt to adjusted EBITDA leverage to 2.6x.
Diluted EPS was $0.34, down 17% year-over-year, while non-GAAP diluted EPS was $0.59, down 8% but up 34% sequentially from Q1.
Electronics segment sales declined 4%, with gross profit and margin down significantly due to higher freight, duties, and product mix.
Helios Technologies reported Q2 2025 sales of $212 million, exceeding the outlook of $206 million, driven by stronger Hydraulics segment sales and favorable foreign exchange.
Hydraulics segment sales declined 3% year-over-year but gross profit and margin improved due to cost reductions and favorable foreign exchange.
Operating income declined by $4.1 million year-over-year due to lower volume and increased SEA expenses.
Consumer & Specialties sales were $278 million, up 4% sequentially; Household & Personal Care sales were $127 million, up 3% sequentially.
Engineered Solutions sales were $251 million, up 12% sequentially; High-Temperature Technologies sales were $178 million, 3% below prior year but up 5% sequentially.
Free cash flow was $34 million in Q2; CapEx was $29 million with full-year projection of approximately $100 million.
Liquidity stood at nearly $700 million with net leverage ratio at 1.7x EBITDA, below the 2x target.
Operating income for Consumer & Specialties was $37 million, up 24% sequentially with margin at 13.4%.
Operating income for Engineered Solutions was $44 million, with margin improving 200 basis points sequentially to 17.4%, matching last year's record.
Operating income was $79 million, up 25% sequentially, with operating margin at 14.9%, up 200 basis points from Q1.
Sales reached $529 million, an 8% sequential increase driven by higher volumes and favorable pricing.
Second quarter EPS was $1.55, up 36% sequentially and second only to last year's stronger Q2.
Strong cash conversion maintained at around 7% of sales, consistent with historical averages.
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.
Aggregates revenues increased 6% to $1.32 billion, with gross profit rising 9% to $430 million and gross margin improving by 94 basis points to 33%.
Asphalt and Paving revenues decreased 7%, with gross profit down 8% due to lower shipments and higher costs.
Building Materials revenues rose 2% to $1.7 billion, with gross profit up 3% to $517 million and gross margin improving modestly to 30%.
Cement and Concrete revenues declined 6%, with gross profit down 25% due to lower operating leverage and higher raw material costs.
Full year 2025 adjusted EBITDA guidance was increased to $2.3 billion at the midpoint, reflecting strong first half results and contributions from the Premier Magnesia acquisition.
Magnesia Specialties achieved new quarterly record revenues of $90 million and set second quarter records for gross profit and gross margin, with margin increasing by 605 basis points.
Martin Marietta reported record second quarter 2025 financial results with consolidated adjusted EBITDA of $630 million, an 8% increase year-over-year.
Dafinchi
