Financial Performance - Adjusted net sales for Q2 2025 were $310 million, a 14% increase[13] - Adjusted EPS for Q2 2025 was $1.13, an 11% increase[13] - The company is establishing 2025 guidance for adjusted net sales between $1.15 billion and $1.20 billion, approximately a 16% increase compared to 2024's $1.01 billion[66] - The company is establishing 2025 guidance for adjusted EBITDA between $200.9 million and $212.4 million, approximately a 16% increase compared to 2024's $177.5 million[66] - The company is establishing 2025 guidance for adjusted EPS between $4.20 and $4.45, approximately a 13% increase compared to 2024's $3.82[66] Segment Results - Residential net sales for Q2 2025 were $230.3 million, an 8.9% increase compared to Q2 2024's $211.5 million[18] - Agtech net sales for Q2 2025 were $54.1 million, a 56.8% increase compared to Q2 2024's $34.5 million[29] - Infrastructure net sales for Q2 2025 were $25.2 million, a 1.6% increase compared to Q2 2024's $24.8 million[56] Portfolio and Strategy - The company invested $208 million year-to-date in selective M&A to build presence and scale core competencies[11] - Order backlog increased 43% to $278 million[15] - Renewables segment was classified as held-for-sale and a discontinued operation[15]

Financial Performance - Q1 2025 - Adjusted net sales reached $290 million, showing a slight increase of 0.1%[8] - Adjusted operating income was $36 million, representing 9.9% of sales, an increase of 110 basis points[8] - Adjusted EPS increased by 19% to $0.95[8] - Adjusted EBITDA was $46 million, accounting for 11.3% of sales, a rise of 160 basis points[8] - Free cash flow stood at $2 million, which is 1% of sales[8] Segment Performance - Residential net sales were $180 million in Q1 2025 compared to $182.4 million in Q1 2024, a decrease of 1.3%[13] - Agtech net sales increased by 32.4% to $45 million, driven by the Lane acquisition, while organic sales decreased by 12.6%[25, 27] - Renewables net sales decreased by 15.1% to $43.7 million due to lower volume and field inefficiencies[36, 37] - Infrastructure net sales slightly decreased by 2.7% to $21.3 million[48] Strategic Initiatives and Investments - Order backlog increased by 30% to $434 million[11] - The company invested $210 million in acquisitions in Residential and Agtech[11] - $181 million in shares were repurchased at an average price of $50[11] - Two metal roofing acquisitions were completed on March 31, with combined 2024 net sales of $73 million and an adjusted EBITDA margin of 17.8%[23] Outlook and Guidance - The company is reiterating its 2025 guidance, projecting net sales between $1.40 billion and $1.45 billion[58] - Adjusted EBITDA is expected to be between $234.5 million and $246.4 million[58] - Adjusted EPS is projected to be between $4.80 and $5.05[58] - Free cash flow is expected to be approximately 10% of net sales[53, 58]