Safety Performance
Recordable case rate in the second quarter was 2.6 per million hours worked, bringing the year-to-date rate to 1.8 per million hours worked. This performance remains best in class.
Revenue Increase
Revenue of $2.1 billion increased 9% compared to the second quarter of 2024 due to higher shipments and favorable price and mix.
Shareholder Returns
Returned $35 million to shareholders through the repurchase of 3.4 million shares.
Packaging Segment Performance
Adjusted EBITDA for P&ARP segment at $74 million increased 12% compared to the second quarter last year, driven by a 14% increase in packaging shipments.
Scrap Spreads Improvement
Scrap spreads improved in the spot market as the year progressed, expected to benefit the company starting in the third quarter.
Raised Guidance for 2025
Targeting adjusted EBITDA in the range of $620 million to $650 million, and free cash flow in excess of $120 million.