Financial Performance - Q2 2025 - Net sales decreased by 1.4% to $977.9 million compared to $991.6 million in Q2 2024[4] - Gross profit decreased by 2.2% to $371.3 million, with a gross profit margin of 38.0%[4] - Operating income decreased by 11.6% to $155.4 million[4] - Net earnings decreased by 8.1% to $106.0 million[4] - Adjusted EBITDA decreased by 7.5% to $200.2 million, representing 20.5% of net sales[4] - Operating cash flow decreased by 18.4% to $122.0 million[4] Segment Performance - Q2 2025 - Commercial Foodservice net sales decreased by 4.8% to $580.6 million, with organic net sales declining by 5.5%[8] - Residential Kitchen net sales decreased by 6.1% to $181.1 million, with organic net sales declining by 7.8%[10] - Food Processing net sales increased by 14.4% to $216.2 million, but organic net sales decreased by 2.9%[13] Revenue Breakdown - YTD 2025 - Commercial Foodservice accounted for 61% of total revenue, Food Processing 20%, and Residential Kitchen 19%[6] - The United States and Canada accounted for 67% of total revenue, Europe and the Middle East 23%, Asia 6%, and Latin America 4%[7] Financial Outlook - The company projects total revenue of $950-975 million for Q3 2025 and $3.81-3.87 billion for the full year 2025[16] - Adjusted EBITDA is projected to be $185-195 million for Q3 2025 and $770-800 million for the full year 2025[16] Capital Allocation - The company repurchased 3.1 million shares, representing 5.7% of equity, for $449 million YTD 2025[18, 20]

Financial Performance - The company generated net investment income of $0.39 per common share on a GAAP basis and after adjusting for asset acquisition accounting[10] - The company declared a quarterly dividend of $0.40 for 3Q25, equating to an annualized dividend yield of 9.7% on its NAV as of 06/30/25[10] - Total investment income increased to $67.281 million in Q2 2025 from $54.864 million in Q1 2025[11] - Net asset value (NAV) per share was $16.43 as of June 30, 2025, compared to $16.63 as of March 31, 2025[10] Portfolio & Investment Activity - The total fair value of the portfolio increased to $2.3 billion across 148 portfolio companies with a weighted average yield of 10.9%[10] - Record originations resulted in $375.7 million of fundings with a weighted average yield of 10.0%[10] - Total repayments and sales during the quarter were $138.0 million with a weighted average yield of 10.9%[10] - Non-accrual investments represented 3.0% and 2.1% of the total portfolio based on amortized cost and fair value, respectively, as of June 30, 2025[10] Liquidity & Capital - Statutory leverage was 1.10x as of June 30, 2025, compared to 1.04x as of March 31, 2025[10] - Total liquidity as of June 30, 2025, was $613.1 million in cash and undrawn debt capacity[10]

Q2 2025 Financial Performance - Hyster-Yale's Q2 2025 consolidated revenue reached $957 million, an 18% decrease compared to the prior year[14, 17] - The company reported an adjusted operating profit of $7 million, down from Q2 2024's strong results[14, 17] - Hyster-Yale's adjusted net loss was $2 million in Q2 2025[14, 20] - Lift Truck revenue was $904 million, a 19% year-over-year decrease[20, 23] - Bolzoni's revenue was $91 million, a 12% decrease compared to the prior year[20, 23] Liquidity and Outlook - Hyster-Yale extended its credit facility to 2030, maintaining liquidity of $300 million[17, 27] - The company's working capital as a percentage of sales decreased by 100 basis points to 21% compared to Q1 2025[17, 28] - The unit bookings value declined to $330 million, a 44% decrease compared to Q1 2025[17] - The unit value backlog is $17 billion, representing approximately 4-5 months of production[17] - Full year 2025 is projected to be below the robust results of 2024, with higher tariffs creating cost and market demand uncertainty[18, 35] Strategic Initiatives and Long-Term Objectives - Hyster-Yale aims for long-term financial objectives including revenue growth at GDP++, operating profit margins of 7% of sales, working capital at 15% of sales, and a Return on Total Capital Employed (ROTCE) greater than 20%[105] - The company is focused on modular, scalable product platforms and optimized manufacturing footprint to improve capital efficiency[75, 94]

Financial Performance and Guidance - The company reaffirms its 2025 adjusted EPS guidance of $1.85-$1.89, narrowing to the upper half of the range[13] - The company projects an annual adjusted EPS growth of 6%-8% from 2025-2029[9, 13] - The company targets an annual FFO/Debt of 14%-16% through 2029[9, 13] - The company anticipates a total shareholder return of 9%-11% annually[9] Capital Investment and Rate Base - The company plans a base capital investment of $19.4 billion from 2025-2029, supporting an 8%-10% rate base growth[9, 13] - The company estimates its year-end 2024 regulated electric and gas rate base to be $21.3 billion[9] - The company's capital investments are allocated across Gas System Hardening (~48%), Electric System Modernization (~17%), Electric Generation (~14%), Growth (~11%), and IT & Facilities (~10%)[42] Second Quarter 2025 Results - The company's GAAP net income available to common shareholders for the second quarter of 2025 was $102.2 million, compared to $85.8 million in the second quarter of 2024, an increase of $16.4 million[27] - The company's adjusted net income available to common shareholders for the second quarter of 2025 was $101.9 million, compared to $94.7 million in the second quarter of 2024, an increase of $7.2 million[27] - The company's GAAP diluted earnings per share for the second quarter of 2025 was $0.22, compared to $0.19 in the second quarter of 2024, an increase of $0.03[27]

Financial Performance Highlights - Record revenues of $250.1 million, a 7% year-over-year increase[5] - Adjusted EBITDA of $149.5 million, a 4% year-over-year increase[5] - Average revenue generating horsepower at 3.55 million, a 1% year-over-year increase[5] - Average revenue generating HP at $21.31, a 5% year-over-year increase[5] Operational Highlights - High utilization rates with total utilization at 94% and large horsepower at 98%[7] - Ample distribution coverage of 1.40x[7] Strategic Positioning - USAC is well-positioned to benefit from projected increases in U S natural gas demand, driven by LNG exports and electrification of everything (EoE)[8, 10] - Approximately 3.3 million additional contract compression HP capacity is projected to be required to meet incremental U S natural gas demand[11] - Over 60% of USAC's active fleet is located within the Permian and along the Gulf Coast, regions expected to benefit most from increased exports[11] Capital Structure and Preferred Unit Conversion - 420,000 of the 500,000 Series A Preferred Units have been converted to Common Units as of August 1, 2025[2] - Illustrative example shows minimal impact on USAC's financial position from potential 100% conversion of Preferred Units[28]

Financial Performance - Consolidated revenues reached $3,006 million[6], with an adjusted EBITDA of $566 million[6] - Net income was $411 million[6] Segment Results - Phosphate segment net revenues were $1,173 million[6], with an adjusted EBITDA of $217 million[6], but an operating loss of $8 million[6] - Potash segment net revenues were $711 million[6], with operating earnings of $194 million[6] and an adjusted EBITDA of $278 million[6] - Mosaic Fertilizantes segment net revenues were $1,175 million[6], with operating earnings of $109 million[6] and an adjusted EBITDA of $159 million[6] Production and Sales Volumes - Phosphate sales and production volumes were both 1.5 million tonnes[8] - Potash sales volume was 2.3 million tonnes[11] and production volume was 2.1 million tonnes[11] - Mosaic Fertilizantes sales volumes were 2.2 million tonnes[14], including 1.1 million tonnes of produced products[14] Guidance and Targets - Phosphate Q3 sales volume is expected to be in the range of 1.8 to 2.0 million tonnes[19] - Potash 2025 production volume guidance raised to 9.3 to 9.5 million tonnes[19] - Mosaic Fertilizantes Q3 adjusted EBITDA is expected to be above $200 million[15, 19] Cost Reduction and Capital Allocation - The company achieved $150 million in cost reductions and expanded the target to $250 million by the end of 2026[19, 31] - Capital expenditures for the full year 2025 are projected to be $1.2 to $1.3 billion[45] Market Dynamics - North America and Brazil each represent less than 15% of global phosphate demand and less than 20% of global potash demand[53]

Delek US Holdings (DK) Operations and Strategy - Delek Logistics (DKL) reported a record quarter, with run-rate cash flow improvements of $120 million in 2Q'25[11] - DK raised its EOP target to $130-170 million in cash flow improvements[11] - DK returned ~$150 million to shareholders through buybacks and dividends over the last 12 months, representing an approximate 12% yield[11] - DKL is on track to deliver 2025 EBITDA guidance of $480-520 million[11] - DK's value creation journey is tied to EOP (efficiency and optimization plan), SOTP (sum of the parts), and SREs (small refinery exemptions)[14] EOP (Efficiency and Optimization Plan) Progress - EOP aims to improve DK's profitability and free cash flow at constant margins[21] - DK is confident in reaching $130 – 170 million in run-rate cash flow improvements in 2H'2025[21] - Approximately $30 million of cash improvements were realized in 2Q'25 due to EOP initiatives[11, 25] - El Dorado refinery saw ~$1.45/Bbl of EOP improvements in its gross margin during the second quarter[28] Financial Performance - Adjusted EBITDA for 2Q'25 was $170.2 million[47, 52] - Capital expenditures for 2025 YTD totaled $297 million, with $97 million in Refining and $191 million in Logistics[56] - Delek US, excluding DKL net debt, was $275.2 million as of June 30, 2025[59]

Financial Performance - Q2 2025 earnings per diluted share were $0.17, compared to $0.29 in Q2 2024[8] - Year-to-date 2025 earnings per diluted share were $1.15, compared to $1.20 year-to-date 2024[8] - Avista Utilities Q2 2025 earnings per diluted share were $0.28, compared to $0.31 in Q2 2024[8] - AEL&P Q2 2025 earnings per diluted share were $0.01, same as Q2 2024[8] - The company expects to be at the low end of its consolidated guidance range due to $0.15 per diluted share of losses at its other businesses recorded in the first half of the year[24] Regulatory Outcomes - Washington: Base electric revenue increase of $11.9 million (2%) in year 1 and $68.9 million (11.6%) in year 2; Base gas revenue increase of $14.2 million (11.2%) in year 1 and $4.0 million (2.8%) in year 2[12] - Idaho: Base electric revenue increase of $19.5 million (6.3%) in year 1 and $14.7 million (4.5%) in year 2; Base gas revenue increase of $4.6 million (9.2%) in year 1 and $0.2 million (0.4%) in year 2[15] Capital Investments and Liquidity - Avista Utilities expects to spend between $525 million and $650 million annually on capital projects from 2025-2029[17] - The company issued $35 million in common stock through June 30, 2025[22] - The company has $148 million in available liquidity as of June 30, 2025[22] Earnings Guidance - The company provides 2025 earnings guidance for Avista Utilities of $2.43-$2.61 per share and for AEL&P of $0.09-$0.11 per share, resulting in consolidated earnings guidance of $2.52-$2.72 per share[23]

Earnings Presentation 2Q2025 August 2025 1 Earnings Presentation | 2Q25 Earnings Presentation | 2Q25 Earnings Presentation | 2Q25 Agenda João Vitor Menin | Global CEO Alexandre Riccio | Brazil CEO 1. CEO Overview 2. Business Update 3. Financial Performance Santiago Stel | SVP CFO 2 Earnings Presentation | 2Q25 Disclaimer This report may contain forward-looking statements regarding Inter, anticipated synergies, growth plans, projected results and future strategies. While these forward-looking statements refl ...

Financial Performance - Net sales decreased by 191% year-over-year in 2Q25, reaching $1323 million compared to $1636 million in 2Q24 [6, 10] - Adjusted EBITDA decreased year-over-year to $137 million in 2Q25, compared to $196 million in 2Q24 [6, 10] - Adjusted EBITDA margin improved sequentially to 103% in 2Q25, an increase of 130 bps [6] - Adjusted Diluted EPS was $010 in 2Q25 [6, 10] - Free Cash Flow was $125 million in 2Q25 [6, 10] Strategic Initiatives and Capital Allocation - The company repurchased $29 million of shares during the quarter [6] - Capital expenditures are prioritized with $7 to $10 million of investment in growth/automation advancements [27] - Net leverage was 14x as of June 30, 2025 [6, 30] Outlook - Revenue for 2025 is expected to be between $528 million and $562 million, a decrease of (9%) – (3%) year-over-year [35] - Adjusted EBITDA for 2025 is projected to be between $49 million and $55 million, a decrease of (24%) – (15%) year-over-year [35] - Free cash flow for 2025 is expected to be between $25 million and $31 million, a decrease of (68%) – (60%) year-over-year [35] End-Market Outlook - Commercial Vehicle end market is expected to decline by (9%) – (14%) in 2025 [13, 35] - Agriculture end market is projected to decline by (25%) – (29%) in 2025 [13, 35]