Strong Performance in Q2 2025
Q2 was another standout quarter, delivering strong performance amidst a volatile global environment, with the third consecutive quarter of positive free cash flow and the highest level of product orders in 3 years, growing 10% year-over-year.
Positive Momentum and Backlog
Product backlog increased to approximately $980 million, up from $900 million in Q1, with strong new order entry led by Banking.
Gross Margin Expansion
Gross margins expanded by 50 basis points year-over-year and 120 basis points sequentially, driven by favorable product mix and pricing discipline.
AI-Driven Retail Innovations
The Vynamic Smart Vision technology won an award from LSA and saw its first live customer in the U.S., with positive feedback supporting long-term growth opportunities.
Commitment to Shareholder Value
Repurchased $30 million of DN shares, reflecting a commitment to returning capital to shareholders.
Fortress Balance Sheet
Maintained approximately $620 million of liquidity, with a net leverage ratio of 1.5x, the strongest in the industry.