Markets.News
In the second quarter of 2025, the company reported a notable rise in net sales to $483.4 million, marking a 4% year-over-year increase. The growth in organic sales volumes was also significant, surging by 2% compared to the same quarter last year. The boost in sales was primarily attributed to new business wins, which accounted for approximately 5% of the increase. However, during this quarter, the company incurred a net loss of $66.6 million, resulting in a loss per diluted share of $3.78. This loss included an impairment charge of $88.8 million. Despite the reported net loss, the non-GAAP net income for Q2'25 stood at...