Core Insights - The company's fiscal 2025 second quarter results were generally in line with expectations, with consolidated sales impacted by challenges in the engineering business, particularly energy storage solutions, although demand is recovering with customer quotes exceeding $100 million since early February 2025 [1][2][8] Financial Performance - Consolidated sales for Q2 FY2025 were $427.6 million, a decrease of 9.3% from $471.2 million in Q2 FY2024 [7][10] - Net loss attributable to the company was $8.9 million, or $0.29 per share, compared to a net income of $9.0 million, or $0.29 per share in the prior year, marking a significant decline [11][27] - Adjusted EBITDA for the quarter was $51.4 million, down 9.5% from $56.8 million a year ago, primarily due to lower performance in the Industrial Technologies and Memorialization segments [9][11][22] Cost Management and Strategic Initiatives - The company has successfully implemented cost reduction initiatives, projected to exceed initial estimates of $50 million in savings [2][8] - The SGK transaction is expected to close in early May 2025, with an upfront consideration of $350 million, including $250 million in cash primarily for debt reduction and $50 million in preferred equity [3][5] Segment Performance - Sales in the Memorialization segment decreased to $205.6 million from $222.2 million year-over-year, while the Industrial Technologies segment saw a drop from $116.1 million to $80.8 million [10][22] - The SGK Brand Solutions segment reported an increase in sales from $132.9 million to $141.2 million, reflecting growth in brand experience sales [10][22] Year-to-Date Results - For the six months ended March 31, 2025, consolidated sales were $829.5 million, down 10.0% from $921.2 million in the same period last year [12][13] - The year-to-date net loss attributable to the company was $12.4 million, or $0.40 per share, compared to a net income of $6.7 million, or $0.22 per share in the prior year [14][27]