Strong Financial Performance and Revenue Growth
Revenue for the second quarter was $1.08 billion with adjusted EBITDA of $82 million, a 7.6% margin. Adjusted EPS increased by 59% year-over-year. The company has also reaffirmed its revenue, adjusted EBITDA, and cash flow guidance for 2025.
Significant Contract Wins and Pipeline
The company secured a $4.3 billion 9-year T-6 award and has a 3-year pipeline valued at over $50 billion. These awards validate the company's strategy and customer engagement.
Improved Capital Structure
The company has established a $100 million share repurchase authorization and aims to maintain a net leverage ratio of 2x to 3x, providing flexibility for capital allocation.
Execution Excellence and Strategic Growth
The company is making progress with strategic growth initiatives, such as the T-6 program and growing presence in the U.S. Space Force at Ascension Island, and foreign military sales like the Iraq F-16 program.