Dafinchi AI

ZWS

Industrial

Adjusted EBITDA was $118 million with a margin expansion of 120 basis points to 26.5%, the highest since the Zurn Elkay merger.
First half sales and EBITDA increased by $47 million and $22 million respectively, with a 47% drop-through on volume increase.
Free cash flow exceeded $100 million for the first time, ending at $102 million in the quarter.
Net debt leverage ended at 0.7x, the lowest as a public company, inclusive of $33 million share repurchases.
Second quarter sales totaled $445 million, representing 8% core growth year-over-year.

ESAB

Industrial

EMEA and APAC regions showed robust performance with 11% total sales growth and EBITDA margins reaching 20.6%, driven by high-growth markets and acquisitions.
ESAB delivered strong Q2 2025 results with total sales growth of 2% and record adjusted EBITDA margins of 20.4%, the highest in company history.
Free cash flow for the quarter was $46 million, with expectations for improved cash flow in H2 2025 due to reduced tariff-related inventory and seasonal trends.
The Americas faced volume headwinds due to tariff-related uncertainty, particularly impacting Mexico and delaying automation orders, resulting in flat organic growth in the region.
The company maintained net leverage within its 2x target range, supporting flexible investment in growth opportunities.

ECVT

Industrial

Ecovyst exceeded guidance with adjusted EBITDA just under $56 million in Q2 2025, above the high end of guidance.
The company’s free cash flow was a use of $2 million in the first half, impacted by acquisition costs and share repurchases.
Guidance for 2025 free cash flow was raised to a range of $70 million to $80 million, with expectations of leverage ratio approaching 3x by year-end, aligning with long-term targets.

Earnings Feed