Shares fell 10.2% following the Q2 report as investors reacted negatively to cautious margin outlook and the lack of clear margin expansion despite solid revenue growth and strong new business wins.
- Revenue reached $3.4 billion, growing organically by 3.4% with contributions across all regions.
- Adjusted EBITDA was $219 million, with adjusted EPS at $0.59, reflecting stable but pressured profitability.
- New business wins totaled $410 million, up over 30% year-over-year, highlighting strong commercial momentum.
- Sales pipeline expanded to $2.7 billion post-quarter, supported by growth in strategic verticals like aerospace, defense, and data centers.
- Operational improvements and technology investments aimed at margin expansion are in early phases, with meaningful efficiency gains still to materialize.
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