Adjusted EBITDA declined 15% to $174 million, with adjusted EBITDA margin falling to 9.5% from 10.7% a year ago due to pricing and cost pressures as well as lower volumes.
Capital expenditures totaled $130 million, with $48 million in maintenance CapEx and $82 million in expansionary CapEx focused on capacity expansion, geographic growth, and automation.
Construction segment sales declined 4% to $552 million with a 6% decline in selling prices partially offset by a 2% increase in units; operating profits declined by $16 million.
Earnings per share for the quarter were $1.70.
Gross profits declined due to lower volumes, higher material and manufacturing costs, and operational challenges, especially in site-built and composite decking businesses.
Net sales for Q2 2025 were $1.8 billion, down 3.5% from $1.9 billion last year, driven by a 3% decline in units and a 1% decline in pricing with recent acquisitions providing a modest offset.
Operating cash flow was $113 million for the quarter, including a seasonal net working capital increase of $166 million expected to convert to cash by end of Q3.
Packaging segment sales declined 2% to $429 million with a 4% decrease in selling prices and 2% unit growth from acquisitions; operating profits declined by $3 million.
Retail segment sales declined 3% due to a 7% decline in unit sales offset by a 4% increase in price; operating profits declined by $6 million.
The company returned capital to shareholders through $42 million in dividends and $261 million in share repurchases.
Dafinchi