Strong Q2 Financial Performance
Net sales reached $702 million with 5% organic volume growth; Adjusted EBITDA was $116 million and adjusted EPS was $2.04, driven by construction services, steel conduit, metal framing, and cable management products.
Labor Agreement and Shareholder Returns
Ratified a new five-year labor agreement with United Steelworkers; repurchased $50 million in shares and increased the dividend to $0.33 per share.
Positive Impact of Tariffs
Anticipated benefit from 25% tariffs on imported steel and aluminum, leading to increased demand for U.S.-made products.
Improved EBITDA Margins
Sequential improvement in adjusted EBITDA margins to 16.6% from 15% in Q1 FY2025.