Q2 2025 Financial Highlights - Revenue grew 1% YOY to $631 million[17] - Adjusted EBITDA grew 4% YOY to $133 million, reaching >$500 million over LTM[17] - Adjusted EBITDA margin expansion of 70 bps YOY to 21%[17] - Free Cash Flow generation of $27 million[17] FY 2025 Guidance - FY revenue growth guidance of 2% – 4%[17] - Adjusted EBITDA growth of 6% – 13%[17] - Adjusted EBITDA Margin guidance of 20.5% - 21.5%[39] - Free Cash Flow guidance of $140 million - $160 million[39] CWT Acquisition - CWT acquisition now expected to close in Q3 2025[17, 19] - CWT shareholders will own ~10% of the combined company upon closing[20] Balance Sheet - Net Debt down $70 million YOY[17] - Leverage ratio lowered to 1.6x[17]