Dafinchi AI

VMC

Industrial

Adjusted EBITDA improved 16% year-over-year with $660 million generated in Q2, a 9% increase despite lower aggregate shipments.
Freight adjusted unit cash cost of sales increased only 1.5% in Q2 and was lower year-to-date.
Margins expanded 260 basis points and aggregate cash gross profit per ton grew 13%.
Net debt to trailing 12-month adjusted EBITDA leverage was 2.1x at quarter end.
Operating cash flow improved 58% year-over-year on a trailing 12-month basis, with free cash flow surpassing $1 billion.
Price improvements were geographically widespread with freight-adjusted average selling prices up 5%, and mix-adjusted prices up 8%.
Return on invested capital at June 30 was 15.9%.

HURN

Industrial

Adjusted EBITDA was $60.6 million or 15.1% of RBR, up from $55.7 million or 15% of RBR in Q2 2024.
Adjusted net income was $33.7 million or $1.89 per diluted share, a 12.5% increase over Q2 2024.
Cash flow from operations was $80 million; free cash flow was $73.7 million.
Cash flow from operations was $80 million; free cash flow was $73.7 million after $6.3 million capital expenditures.
Commercial segment RBR grew 28%, driven by AXIA acquisition and strong digital offerings demand.
DSO improved to 78 days from 81 days in Q2 2024.
Education segment RBR grew 5%, achieving a record level driven by strategy, operations, and software product demand.
Healthcare segment RBR grew 4% overall, 6% excluding divested student education business.
Net debt increased to $596.8 million due to share repurchases and acquisition payments; leverage ratio was 2.5x adjusted EBITDA.
Net income was $19.4 million or $1.09 per diluted share, down from $37.5 million or $2.03 per diluted share in Q2 2024, impacted by an $8.2 million noncash impairment charge.
Operating income margins improved in Healthcare (30.2% vs 29.1%) and Commercial (16.6% vs 15.3%), Education margin stable at 25%.
Operating income margins improved in Healthcare (30.2% vs 29.1%) and Commercial (16.6% vs 15.3%), stable in Education (25% vs 25.1%).
Revenues before reimbursable expenses (RBR) grew 8% over Q2 2024, reaching a record high.

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