Successful Integration and Synergy Realization
The company expects to realize cost synergies of approximately $45 million over time, a 50% increase compared to the original target. The integration process has progressed quickly, and operational segments are functioning well.
Significant Revenue Growth
Net sales increased by approximately 70% to $452.2 million compared to $266.2 million for the same period in 2024, primarily driven by the Tyman acquisition.
Strong EBITDA Performance
Adjusted EBITDA for the quarter increased by 54.7% to $61.9 million compared to $40 million during the same period last year, largely due to the Tyman acquisition and cost synergies.
Share Repurchase Initiative
The company repurchased approximately $23.5 million of its stock in the second quarter, taking advantage of a low share price.
Positive Market Share Gains in Europe
The European Fenestration segment generated revenue of $61.3 million, representing an 8.3% increase compared to the second quarter of 2024, with volumes up approximately 9% year-over-year.