Earnings Feed

SFL

Industrial

Adjusted EBITDA was $112 million, slightly down from $116 million in Q1 due to higher dry dock costs and idle rig.
Cash and cash equivalents stood at $156 million with undrawn credit lines of $49 million, and 15 unencumbered vessels valued at $192 million.
Net proceeds of approximately $20 million from vessel sales during the quarter, with further $150 million proceeds post-quarter from vessel deliveries.
Net profit of approximately $1.5 million or $0.01 per share compared to a net loss of $32 million or $0.24 per share in the previous quarter.
Operating revenues were approximately $192 million, up from $187 million in Q1 2025.
Reported revenues of $194 million in Q2 2025, with EBITDA equivalent cash flow of $112 million for the quarter and $526 million over the last 12 months.
Rig operating expenses were $19 million, slightly up from $18 million in Q1.
Vessel operating expenses increased to $67 million including $16 million related to scheduled dry dockings, up from $58 million in Q1.

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.