Robust Profitability and Cash Flow
The company reported a 22% increase in adjusted EBITDA, with a margin growth of 80 basis points. Free cash flow increased by $400 million compared to Q2 2024 and over $600 million versus the previous year for the first 6 months.
Strong Organic Growth in Key Markets
The U.S. POWER Engineers division delivered 16% organic growth. Canada, the U.K., and the Nordics reported high single-digit organic growth. Backlog reached $16.3 billion, up 10.9% over the last 12 months.
Strategic Acquisitions and Partnerships
Announced acquisitions of Lexica and Ricardo to enhance expertise in healthcare, life sciences, and engineering solutions. A strategic partnership with Microsoft to advance digital capabilities was highlighted.
Record Low Days Sales Outstanding (DSO)
DSO stood at 69 days, marking a historically low level for the second quarter, reflecting improved cash collections and efficiency.
Positive Outlook for Second Half of 2025
The company raised its 2025 financial outlook, expecting adjusted EBITDA to reach the higher end of the range, supported by a strong backlog and pipeline.