INVESTOR
RELATIONS

Q2 Net sales of 408.1M increased 23.6%

Adjusted EBITDA of $42.6M increased 26.0% generating an adjusted EBITDA margin of 10.4%

Positive free cash flow driven by continued focus on consistency, profitability and working capital management

Infrastructure Solutions — Overall, the market remains healthy. Demand for concrete equipment remained solid while forestry and mobile paving improved. Increases in bitumen and diesel fuel prices and the timing of the federal highway bill renewal have caused select asphalt plant customers to shift.

Materials Solutions — Strong demand for aggreggate crushing and screening equipment and aftermarket parts and service. Federal, state, local projects and construction of data centers are expected to drive multi-year demand.

Parts and Service sales of $135.5 million increased 34.8%. As a percenage of net sales Parts and Service reached 33.2% and 35.0% for the quarter and YTD, respectively.

Backlog increased 57.9% to $601.1 million led by strong demand for aggregate processing equipment