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๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Revenue: $994.4M (+35% YoY)
โข GAAP EPS: $0.56 vs. $0.83 YoY (-33%)
โข Adjusted EPS: $1.35 vs. $1.06 YoY (+27%)
โข GAAP Net Income: $30.3M (-32% YoY)
โข Operating Income: $97.8M (+33% YoY)
โข Adjusted EBITDA: $136.2M (+31% YoY)
โข Gross Profit: $205.4M (+25% YoY)
โข Gross Margin: 20.7% (-160 bps YoY)
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๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐ (๐ ๐๐๐, ๐๐จ๐ง๐ญ๐ข๐ง๐ฎ๐ข๐ง๐ ๐๐ฉ๐๐ซ๐๐ญ๐ข๐จ๐ง๐ฌ)
โข Revenue: $3.1Bโ$3.2B (+50% to +55% YoY)
โข Adjusted EBITDA: $470Mโ$500M (+50%+ YoY)
โข Guidance reflects the completed Performance Technologies spin-off
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Data Centers revenue surged 95% YoY to $439.7M, driven by North American hyperscaler demand
โข Data Centers adjusted EBITDA increased 66% to $67.6M
โข Data Centers gross margin fell 470 bps to 19.7% amid higher material, component and tariff costs
โข Commercial HVAC revenue increased 23% to $285.5M, with adjusted EBITDA up 22% to $43M
โข Record Data Centers orders and backlog support continued growth
โข Secured long-term supply agreements for critical components to support backlog and future demand
โข Completed Performance Technologies spin-off on October 1
โข GAAP earnings impacted by $29.5M in spin-off-related tax expenses
โข Six-Month Operating Cash Flow: -$57.1M
โข Six-Month Free Cash Flow: -$145.6M, reflecting capacity expansion and inventory investment
โข Cash: $150.6M | Total Debt: $724.3M | Net Debt: $573.7M
โข Analyst & Investor Day scheduled for November 18, with longer-term financial targets expected
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โDemand for our products remains very robust, highlighted by record orders and backlog in our Data Centers segment and expanding opportunities to serve the data center cooling market within Commercial HVAC.โ โ CEO Neil Brinker