Strong Q2 Adjusted Earnings Growth
Q2 adjusted earnings per share of $1.90, up 7% compared to the same period in the prior year. Combined with first quarter results, adjusted earnings per share grew 10% in the first half of fiscal 2025 compared to fiscal 2024.
Performance Chemicals Segment Growth
EBIT in Performance Chemicals was up 61% compared to Q2 fiscal 2024, driven by improved margins and higher volumes, particularly in the fumed silica product line. Volumes grew 4% year-over-year.
Dividend Increase and Shareholder Returns
A 5% increase in the quarterly dividend was announced, marking the 10th consecutive year of annual dividend growth. $70 million was returned to shareholders through share repurchases and dividends in the quarter.
Battery Materials Product Line Growth
Year-over-year volume growth of 10% in the battery materials product line in the first half of fiscal 2025.