Dafinchi AI

TRS

Industrial

Adjusted earnings per share rose 42% year-over-year to $0.61.
Adjusted EBITDA increased 31% to nearly $48 million with a margin improvement of 220 basis points to 17.4%.
Free cash flow improved to $16.9 million in Q2, with year-to-date free cash flow at $17.5 million compared to a use of cash of $2.8 million in 2024.
Net leverage decreased to 2.4x as of June 30, 2025, from 2.6x at the end of 2024.
Operating profit increased by more than 50% compared to Q2 2024, reaching $11 million with a 300 basis points margin improvement.
Organic growth was more than 13% excluding currency and acquisitions/dispositions impacts.
TriMas delivered consolidated net sales of $275 million in Q2 2025, up more than 14% year-over-year.

TRN

Industrial

Balance sheet remains strong with $792 million in liquidity and a loan-to-value ratio of 69.4% on wholly owned fleet.
Effective tax rate for the quarter was 15.8%, aided by $40 million in transferable tax credits purchased at a discount.
Fleet utilization remained high at 96.8% during the quarter.
Lease portfolio sales proceeds were $29 million in the quarter, with net gains on lease portfolio sales totaling $14 million year-to-date.
Maintenance services revenue increased 21% year-over-year due to favorable pricing and positive mix.
Net lease fleet investment year-to-date was $233 million, with active participation in the secondary market as both buyer and seller.
Railcar Leasing segment showed strong lease rate increases with a future lease rate differential of 18.3% and renewal rates 17.9% above expiring rates.
Rail Products segment delivered 1,815 railcars with a 3% operating margin, impacted by workforce reductions and lower order volumes.
Second quarter revenues were $506 million with GAAP EPS of $0.19, consistent with expectations given slower delivery pace.
Share repurchases totaled $31 million in the quarter, with $90 million returned to shareholders year-to-date through dividends and repurchases.
Year-to-date cash flow from continuing operations was $142 million.

KODK

Industrial

Cash balance at the end of Q2 2025 was $155 million, down $46 million from December 31, 2024, reflecting investments in growth initiatives and higher commodity costs.
Excluding the impairment charge, net loss was $9 million in Q2 2025 versus net income of $26 million in Q2 2024, driven largely by a $25 million decline in pension income due to KRIP strategy changes.
For the first half of 2025, revenue was $510 million, down 1% from $516 million in the prior year period, with gross profit percentage at 19% versus 21% prior year.
Gross profit percentage declined to 19% in Q2 2025 from 22% in Q2 2024, impacted by lower volumes and higher aluminum and manufacturing costs, partially offset by price increases.
Kodak reported Q2 2025 revenue of $263 million, roughly flat compared to $267 million in Q2 2024, with a 1% decline year-over-year and a 3% decline on a constant currency basis.
Net loss for the first half of 2025 was $33 million compared to net income of $58 million in the prior year period, including a $17 million impairment charge.
Operational EBITDA declined to $9 million in Q2 2025 from $12 million in Q2 2024, impacted by lower volumes, higher costs, partially offset by price increases and lower IT and organizational spend.
The company reported a net loss of $26 million in Q2 2025 compared to net income of $26 million in Q2 2024, including a $17 million noncash asset impairment charge.

TTEK

Industrial

Backlog excluding USAID and Department of State was $4.15 billion, slightly up from Q2, with nearly $2 billion in new U.S. federal contract capacity added in the quarter.
Commercial/International Group (CIG) segment revenue was $633 million, up slightly, with a margin of 15.2%, up 130 basis points, supported by growth in U.K. and EU operations but offset by declines in U.S. commercial and Australian activities.
Government Services Group (GSG) segment revenue increased 29% to $429 million with a margin of 19.9%, up 230 basis points, driven by disaster response and reduction of lower margin USAID work.
International revenue was flat, down 1% year-over-year, with growth in U.K. and Ireland offset by declines in Australia.
Net revenue increased 11% year-over-year to $1.06 billion, excluding USAID and Department of State work.
State and local revenue grew 30% year-over-year, with ongoing water programs up 18% excluding episodic disaster response.
Tetra Tech reported record highs for operating income and earnings per share in Q3 fiscal 2025, with operating income of $159 million, up 37% year-over-year, and EPS of $0.41, up 46%.
U.S. federal work was up 46% year-over-year, representing about 25% of total business, with disaster response contributing $70 million.

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