Earnings Feed

Industrial

Adjusted EBITDA was $205.5 million, representing a 14.9% margin and a 29.8% increase over prior year.
DSOs improved by nine days year-over-year, ending at 108 days.
Major customers AT&T and Lumen each contributed over 10% of total revenues.
Net income was $97.5 million with diluted EPS of $3.33, exceeding high-end expectations.
Operating cash flow was $57.4 million, reflecting strong cash management.
Q2 revenue reached $1.38 billion, a 14.5% increase year-over-year.
Total backlog stood at $8 billion with next twelve months backlog at $4.6 billion, up 16.9% and 20.2% respectively.

TTC

Industrial

Free cash flow increased to $292 million with a 90% conversion rate; $90 million invested in share repurchases in Q3, $290 million year-to-date.
Gross margins declined slightly to 33.7% reported and 34.4% adjusted, impacted by volume and cost pressures.
Professional segment margin expanded 250 basis points to 21.3%.
Professional segment net sales grew 6% year-over-year to $931 million, with earnings up 20% to $199 million.
Reported EPS included a $0.62 per share non-cash impairment charge related to the Spartan trade name.
Residential segment net sales declined 28% to $193 million, with earnings dropping to $4 million from $33 million last year.
Third quarter adjusted EPS was $1.24, exceeding expectations and up $0.06 year-over-year.
Total consolidated net sales were $1.13 billion, down 2.2% year-over-year, partly due to prior year divestitures.

AAON

Industrial

1mo

AAON Coil Products sales grew 86.4%, driven by a large liquid cooling project, but AAON branded products declined due to ERP disruptions.
AAON Oklahoma segment sales declined 18% with a 970 basis point gross margin contraction, impacted by supply chain disruptions and ERP-related coil shortages.
BasX segment sales grew 20.4% with a slight gross margin contraction of 60 basis points, reflecting operational improvements.
Cash and equivalents totaled $1.3 million with debt at $317.3 million and a leverage ratio of 1.4; capital expenditures increased 18.7% to $89.6 million year-to-date.
Gross margin contracted by 950 basis points to 26.6%, primarily due to lower production volumes and inefficiencies related to the ERP implementation.
Net sales declined 0.6% year-over-year to $311.6 million, driven by a 20.9% decline in AAON branded sales nearly offset by a 90% increase in BasX branded sales.
Non-GAAP adjusted EBITDA was 14.9%, down 1,120 basis points, and non-GAAP adjusted EPS was $0.22, down 64.5% year-over-year.

GEF

Industrial

Adjusted EBITDA increased by $4 million with a 70 basis point margin improvement driven by price/cost gains in Fiber, Polymers, and Integrated segments.
Containerboard divestment contributed $872 million in sales and $168 million EBITDA year-to-date, with $122 million sales and $25 million EBITDA expected in August and September.
Durable Metals experienced volume declines of 5.8% due to industrial softness but maintained flat gross profit with margin improvement.
Free cash flow surged nearly 400% to $171 million in Q3, demonstrating business resilience amid macroeconomic challenges.
Integrated Solutions sales and gross profit were flat year-over-year, with a 160 basis point margin decline due to product mix.
Polymers segment saw sales growth from volume, price, and mix, with gross profit up over $10 million and margins up 150 basis points.
Sustainable Fiber volumes declined 7.6%, but gross profit increased by $8 million with a 360 basis point margin improvement.