Dafinchi AI

WAB

Industrial

12-month backlog was $8.2 billion, up 11.9%.
Adjusted earnings per diluted share was $2.27, up 15.8% versus prior year.
Adjusted EPS was up 16% from the year ago second quarter.
Adjusted operating margin in Q2 was 21.1%, up 1.8 percentage points versus prior year.
Freight segment sales were largely flat due to delayed locomotive deliveries; adjusted operating margin was 25.0%, up 0.9 percentage points.
GAAP earnings per diluted share was $1.96, up 19.5% versus year ago quarter.
GAAP gross margin was 34.7%, up 1.7 percentage points from last year.
GAAP operating income was $472 million, driven by higher sales, improved gross margin and cost management.
Liquidity position ended at $4.09 billion; net debt leverage ratio was 1.4x, below stated range due to acquisition funding anticipation.
Operating cash flow was $209 million, lower year-over-year due to higher working capital and inventory buildup.
Sales in the second quarter were $2.7 billion, up 2%.
Share repurchases totaled $50 million and dividends paid were $44 million during the quarter.
Total cash flow from operations for the quarter was $209 million.
Transit segment sales were up 8.7%, adjusted operating margin was 15.2%, up 2.5 percentage points.

SPCE

Industrial

Adjusted EBITDA improved 34% year-over-year to negative $52 million and improved 28% sequentially.
Capital expenditures increased to $58 million from $34 million year-over-year and $46 million sequentially.
Cash, cash equivalents, and marketable securities totaled $508 million at quarter-end.
Company reduced contract engineering workforce by 85% year-over-year and overall headcount by approximately 7%.
Free cash flow was negative $114 million, a 7% improvement from Q1's negative $122 million.
Property, plant, and equipment grew nearly 50% year-over-year to $306 million.
Q2 2025 revenue was approximately $400,000 from future astronaut access fees.
Total operating expenses decreased 34% year-over-year to $70 million and declined $19 million sequentially from Q1.

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