Adjusted effective tax rate was 20%, consistent with full year guidance of 19.5% to 20.5%.
Adjusted effective tax rate was 20%, consistent with full-year guidance of 19.5% to 20.5%.
Cash flow from operations less capital expenditures increased 51% year-to-date; significant uses of cash included $361 million in share repurchases and $92 million in dividends.
Cash provided by operations totaled $308 million, up 19%, driven by improved inventory management and lower incentive payments.
Cash provided by operations was $308 million, up 19%, driven by improved inventory management and lower incentive payments.
Graco reported second quarter sales of $572 million, a 3% increase from last year, with acquisitions contributing 6% growth but organic sales declining 3%.
Graco reported second quarter sales of $572 million, a 3% increase from the prior year, driven by 6% growth from acquisitions but a 3% organic sales decline.
Gross margin rate decreased by 200 basis points, impacted by acquisitions (80 basis points) and tariffs ($4 million, 80 basis points).
Interest and other expenses decreased $3 million; foreign exchange losses of approximately $5 million occurred but are not expected to continue.
Interest and other expenses decreased $3 million; foreign exchange losses of approximately $5 million occurred due to U.S. dollar volatility.
Operating earnings decreased 2% to 28% of sales, with Contractor segment margin declining 5 percentage points to 26%, impacted by Corob acquisition and tariffs.
Operating earnings decreased 2% to 28% of sales, with Contractor segment margin declining 5 percentage points to 26%, partly due to Corob acquisition and tariffs.
Operating expenses increased 2%, driven by $9 million from acquisitions; excluding acquisitions, operating expenses declined 5%.
Reported net earnings decreased 4% to $128 million or $0.76 per diluted share; adjusted non-GAAP net earnings decreased 3% to $127 million or $0.75 per diluted share.
Adjusted earnings per share increased by 41% to $2.69, and adjusted EBITDA rose 35% to $126 million.
Backlog totaled $2 billion, a 24% year-over-year increase, with E-Infrastructure backlog up 44%.
Building Solutions revenue declined 1% with adjusted operating income down 28%, impacted by housing market softness and affordability challenges.
Gross profit margin expanded by 400 basis points to 23.3%.
Operating cash flow was strong at $85 million for the quarter.
Sterling Infrastructure reported a 21% revenue growth in Q2 2025, driven by 29% growth in E-Infrastructure Solutions and 24% in Transportation segment.
Transportation Solutions backlog increased 5% year-over-year but declined 17% sequentially due to strong revenue burn and seasonal factors.
Aftermarket operations accounted for approximately 63% of total gross profit, with parts, service, and collision center revenues reaching $636.3 million, a 1.4% increase year-over-year.
Board of Directors approved a $0.19 per share cash dividend, a 1% increase over the prior quarterly dividend and the ninth increase since July 2018.
Medium-duty Class 4-7 commercial vehicle sales increased 1% year-over-year with 3,626 units sold in the U.S., representing 6.2% market share.
New Class 8 truck sales in the U.S. were 3,178 units, a 20% year-over-year decrease primarily due to timing of large fleet deliveries in the prior year.
Repurchased $83.9 million of common stock during the quarter and paid $14.5 million in cash dividends.
Rush Truck Leasing achieved record revenues of $93.1 million, up 6.3% year-over-year.
Second quarter revenues were $1.9 billion with net income of $72.4 million or $0.90 per diluted share.
Technician turnover reached a 12-month low and aftermarket revenues reached their highest level in the past 12 months.
Used commercial vehicle sales were flat year-over-year at 1,715 units.
Dafinchi