Significant Increase in Sales and EBITDA
Sequentially, sales in Q2 increased by more than $40 million, or over 8%, and adjusted EBITDA increased by $30 million, or more than 80%, compared to Q1.
Strong Performance in SAS Segment
SAS sales continued their strong momentum, up 5% on an organic basis, marking the fifth consecutive quarter of year-over-year improvement.
Growth in Filtration & Advanced Materials (FAM) Segment
FAM segment showed strong pockets of growth in HVAC, air pollution control filtration, and optical films, with optical films up over 20% year-over-year.
Cost Reduction Initiatives
The company identified an additional $5 million in cost savings opportunities, targeting $35 million to $40 million in cost reductions by year-end 2026.
Improved Cash Flow Forecast
For the full year 2025, the company expects to deliver approximately twice the free cash flow compared to the full year 2024.