Dafinchi AI

Tronox Holdings plc

TROX

Industrial

1w

Financial Performance Summary

Adjusted diluted EPS was a loss of $0.28, and adjusted EBITDA was $93 million with a margin of 12.7%, down 42% year-over-year.
Capital expenditures totaled $83 million, with 56% for maintenance and safety and 44% for mining extensions in South Africa.
Dividends paid were $20 million in Q2, with a 60% reduction announced for Q3 to preserve financial flexibility.
Free cash flow was negative $55 million, including $83 million in capital expenditures.
Loss from operations was $35 million, with a net loss of $84 million including $39 million restructuring charges related to idling Botlek facility.
Net debt stood at $2.9 billion with a net leverage ratio of 6.1x; liquidity was $397 million including $132 million cash.
Production costs increased by $28 million year-over-year due to higher direct material, mining, and pigment production costs.
Q2 2025 revenue was $731 million, down 11% year-over-year due to lower sales volumes and unfavorable zircon pricing.
TiO2 revenues decreased 10% year-over-year driven by an 11% volume decline; zircon revenues decreased 20% due to 10% volume and price declines.

Simpson Manufacturing Co., Inc.

SSD

Industrial

2w

Financial Performance Summary

Cash and cash equivalents increased to $190.4 million, debt was $374.5 million, and inventory decreased by $32.2 million compared to March 31, 2025.
Gross margin was 46.7%, consistent with the prior year quarter despite higher input and labor costs, with North America gross margin at 49.7% and Europe at 36.2%.
Net income totaled $103.5 million or $2.47 per fully diluted share, compared to $97.8 million or $2.31 per share last year.
Net sales for Q2 2025 were $631.1 million, up 5.7% year-over-year, with North America net sales increasing 6.4% to $492.7 million and Europe net sales increasing 2.7% to $133.4 million.
Operating expenses increased 6.5% to $154.4 million, driven by higher personnel costs, variable compensation, and software/hardware costs.
Operating margin was 22.2%, flat with the prior year, and consolidated adjusted EBITDA increased 4.8% to $159.6 million, with a margin of 25.3%.
Strong cash flow from operations of $124.7 million enabled capital expenditures of $39.9 million, dividends of $11.8 million, and $35 million in share repurchases.
Volumes were relatively flat year-on-year, with North American volumes exceeding U.S. housing starts by approximately 240 basis points over the last 12 months.

United Rentals, Inc.

URI

Industrial

3w

Financial Performance Summary

Adjusted EBITDA reached a second quarter record of $1.8 billion, with a margin of nearly 46%.
Adjusted EPS was $10.47 for the quarter.
Fleet productivity increased by 3.3%, supported by disciplined execution.
Leverage remained at 1.8x, towards the lower end of the targeted range.
Rental CapEx was nearly $1.6 billion in the quarter, consistent with expectations.
Returned $534 million to shareholders in the quarter through share buybacks and dividends, with a full-year target of nearly $2.4 billion returned.
Specialty rental revenue grew 14% year-over-year, with 21 cold starts opened in Q2 and a target of at least 50 for the year.
Total rental revenue grew by 4.5% year-over-year to $3.9 billion in Q2, with rental revenue up 6.2% to $3.4 billion, both second quarter records.
Used equipment sales totaled $600 million, in line with expectations, with a full-year target of approximately $2.8 billion of fleet sales.
Year-to-date free cash flow was $1.2 billion, with full-year guidance raised to $2.4 billion to $2.6 billion, including benefits from recent federal tax policy changes.

Illinois Tool Works Inc.

ITW

Industrial

2w

Financial Performance Summary

All seven segments grew revenue and expanded operating margin sequentially, with three segments exceeding 30% margin.
Free cash flow was $449 million, representing a 59% conversion rate, modestly below historical average due to timing of onetime items but on track for 100% plus conversion for the full year.
GAAP EPS was $2.58, operating income reached $1.1 billion, and operating margin was 26.3%, all second quarter records for the company.
ITW delivered solid financial performance in Q2 2025 with total revenue increasing 1%, driven by a 1% positive impact from foreign currency translation and offset by a 1% reduction from product line simplification (PLS).
Organic growth was essentially flat but improved by over 1 percentage point from Q1, with geographic performance showing a 2% organic decline in North America, 3% decline in Europe, and 9% growth in Asia Pacific, including 15% growth in China.
Polymers & Fluids revenue declined 3% with organic revenue down 5%, and Construction Products revenue declined 6% with a 140 basis point margin improvement to 30.8%.
Segment highlights included Automotive OEM revenue up 4% with 2% organic growth and a 190 basis point margin improvement to 21.3%, Food Equipment revenue up 2%, Welding organic growth of 3%, and Specialty Products revenue up 1%.
Segment highlights included Automotive OEM revenue up 4% with 2% organic growth and a 190 basis point margin improvement to 21.3%, Food Equipment revenue up 2% with 1% organic growth, Welding delivering 3% organic growth with a 33.1% operating margin, and Construction Products revenue declining 6% but improving operating margin by 140 basis points to 30.8%.
Sequentially from Q1 to Q2, revenue grew 6%, operating income improved 12%, and operating margin expanded by 150 basis points.
Sequentially, revenue grew 6% from Q1 to Q2, operating income improved 12%, and operating margin expanded by 150 basis points.