[8-K] Floor & Decor Holdings, Inc. Reports Material Event

Rhea-AI Filing Summary

Aptiv PLC (APTV) Q2 2025 10-Q highlights

• Sales: Q2 net sales rose 3 % YoY to $5.21 bn; YTD sales up 1 % to $10.03 bn.
• Profitability: Q2 operating income increased to $486 m (9.3 % margin) from $441 m. However, net income attributable to Aptiv fell to $393 m ($1.80 dil. EPS) versus $938 m last year, largely because the prior-year period included a $641 m equity-method gain (current period $46 m).
• Six-month results: Net income dropped to $382 m (EPS $1.70) from $1.16 bn; tax expense climbed to $401 m (vs. $127 m).
• Cash & liquidity: Cash & equivalents $1.45 bn (-$125 m YTD). Operating cash flow $783 m (-12 % YoY); capex cut to $346 m.
• Capital structure: Short-term debt reduced to $32 m (from $509 m); long-term debt slightly lower at $7.76 bn. 6-month share repurchases totaled $750 m, shrinking ordinary shares outstanding to 217.8 m (-7 % since Dec-24).
• Equity & AOCI: Accumulated other comprehensive loss improved by $460 m, driven by favorable FX and hedge movements.
• Strategic actions: Announced intention (Jan 22 2025) to spin off Electrical Distribution Systems into a separate public company by 31 Mar 2026; business realigned into three reportable segments.

Balance sheet totals as of 30 Jun 2025: Assets $23.94 bn; Liabilities $13.97 bn; Total equity $9.87 bn.

Positive

• Revenue grew 3 % YoY and operating income rose, indicating core business momentum.
• Gross leverage stable with short-term debt cut from $509 m to $32 m.
• AOCI improved by $460 m, strengthening equity.
• $750 m share repurchase reduced share count by 17.3 m shares, enhancing per-share metrics.
• Capex reduced by $145 m, supporting free cash flow.

Negative

• Net income down 58 % YoY; six-month net income down 67 %.
• Tax expense quadrupled YTD to $401 m, weighing on earnings.
• Operating cash flow fell 12 % YoY and cash balance declined $125 m.
• Spin-off of Electrical Distribution Systems adds execution and separation risk through FY 2026.

Insights

Sell-side Financial Analyst

TL;DR Net sales up, EPS down; spin-off announced; leverage steady—overall mixed.

Revenue growth and margin expansion signal resilient core operations despite a soft auto backdrop. Yet EPS collapsed 48 % YoY as last year’s one-off $641 m equity gain did not recur and tax expense surged. Cash generation remains solid; lower capex lifts FCF, while $750 m in buybacks shows confidence and supports EPS but reduced cash. Debt metrics stable (gross leverage ≈3.2× EBITDA). Planned spin-off of Electrical Distribution Systems could unlock value but introduces execution risk through 2026. Overall, filing is neutral: fundamentals intact, but headline earnings decline may pressure sentiment.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 31, 2025

Floor & Decor Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-38070			27-3730271
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

2500 Windy Ridge Parkway SE						30339
Atlanta,			Georgia
(Address of principal executive offices)						(Zip Code)

(404) 471-1634

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Class A common stock, $0.001 par value per share			FND			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02.            Results of Operations and Financial Condition.

On July 31, 2025, Floor & Decor Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended June 26, 2025. The text of the press release is included as Exhibit 99.1 to this Form 8-K.

The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

Item 9.01.            Financial Statements and Exhibits.

(d)    Exhibits:

Exhibit Number			Description
99.1			Press Release, dated July 31, 2025
104			Cover Page Interactive Data File (embedded within the inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			FLOOR & DECOR HOLDINGS, INC.
Date:          July 31, 2025						By:			/s/ David V. Christopherson
						Name:			David V. Christopherson
						Title:			Executive Vice President, Chief Administrative Officer and Chief Legal Officer

FAQ

How did APTV's Q2 2025 revenue compare to last year?

Net sales rose 3 % to $5.21 billion from $5.05 billion.

Why did Aptiv's net income drop in Q2 2025?

Prior-year results included a $641 m equity-method gain; current period gain was only $46 m, leading to a 58 % EPS decline.

What is Aptiv's plan for its Electrical Distribution Systems business?

The company intends to spin off the segment into an independent public company by 31 Mar 2026, pending customary conditions.

How much stock did APTV repurchase in the first half of 2025?

Aptiv executed $750 million in share repurchases, lowering shares outstanding to 217.8 million.

What is Aptiv's cash position as of 30 June 2025?

Cash and equivalents stood at $1.45 billion, down $125 million year-to-date.

Did Aptiv reduce its debt levels?

Yes. Short-term debt fell to $32 million; long-term debt inched down to $7.76 billion.