Dafinchi AI

WSC

Industrial

Adjusted EBITDA was down 6% year-over-year, with margin compression primarily due to delivery and installation margins and upfront investments in in-sourcing.
Adjusted free cash flow was $130 million in the quarter with a 22.1% margin, and 23.6% margin over the past 12 months.
Average monthly rental rates increased 5% year-over-year for modular products and 7% for storage products.
Cash from operations increased 17% year-over-year to $205 million.
Invested $75 million in net CapEx in Q2, a 37% increase over prior year, focused on FLEX, larger complexes, and VAPS.
Leverage ratio at 3.6x exiting Q2, with a gradual path to target range over 3-5 years.
Returned $53 million to shareholders through share repurchases and dividends, reducing share count by 3.4% over 12 months.
Total revenue was $589 million, with leasing revenues of $443 million, reflecting a 3% year-over-year decline in leasing revenues.
Trailing 12-month adjusted EBITDA margin stands at 43.8%.
Units on rent declined 5.6% year-over-year for modular products and 3.8% for storage.
WillScot delivered adjusted EBITDA of $249 million in Q2 2025, representing a 42.3% margin, up 140 basis points sequentially.

HUBB

Industrial

Adjusted earnings per share rose 11% to $4.93, outpacing operating profit growth due to lower tax rates and $225 million in share repurchases.
Adjusted operating profit grew 8% to $362 million, with margins widening to 24.4%, benefiting from favorable mix and effective price-cost management.
Electrical segment sales grew 4% to $545 million, driven by organic growth and a small contribution from the Ventev acquisition, with 9% operating profit growth and margin expansion to 22.5%.
Free cash flow showed good growth, tracking to a 90% conversion target for 2025.
Hubbell delivered double-digit adjusted earnings per share growth in Q2 2025, driven by strong organic growth in Grid Infrastructure and Electrical Solutions and a 120 basis point adjusted operating margin expansion.
Sales increased 2% to just under $1.5 billion, with Electrical segment strength and 7% organic growth in grid infrastructure offset by a 13% contraction in grid automation.
Utility segment sales grew 1% organically to $936 million, with 7% growth in grid infrastructure and a 13% decline in grid automation.

AXON

Industrial

Adjusted EBITDA margin was 25.7%, ahead of expectations due to higher revenue, operating leverage, and tariff timing benefits.
Adjusted gross margin was 63.3%, up 20 basis points year-over-year, driven by software and services mix, partially offset by lower device margins.
Bookings growth accelerated with nearly $150 million in AI Era Plan bookings in Q2 and over 30% of bookings from new product categories.
Connected Devices revenue increased 29% year-over-year to $376 million, with TASER up 19%, personal sensors up 24%, and platform solutions up 86%.
Largest deal in company history closed in state and local segment, including the largest corrections deal ever.
Q2 2025 revenue was $669 million, up 33% year-over-year, marking the 14th consecutive quarter with over 25% revenue growth.
Software and services revenue grew 39% year-over-year to $292 million, driven by new user wins and product adoption.

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