I would expect somewhere close to Q2. And again, you have better pricing that is flowing through, but obviously worse effects based on current conditions versus Q2, right? So at the end of the day, we're not expecting a step down sequentially Q3 versus Q2. The expectation is that we can get to somewhat of a flattish EBITDA result for Q3.
Are 3Q single-family sales expected to be down because of the pull forward and then it rebounds in the fourth quarter? Or what's contemplated in the single-family in the third quarter?
Yes, that's correct. And on single family, you now have some of the better pricing flowing through. Not all, but as we move into the quarter, you'll start invoicing all of it with the better pricing. So you do have the step down based on the orders that were pulled ahead of the price increase for Q2. So you do have some reduction, but then it steps up based on the better pricing toward the end of Q3 and all of Q4.
My final question, if I could, notice no share repurchase of a material basis in the second quarter, unlike the three quarters prior. I think you still have $100 million available for authorization. What are your thoughts in terms of second-half repo and why the pause temporarily?
Working capital. I mean, if you look at Q2, you have the seasonal effect of tax payments. We also have been doing pre-purchasing of aluminum, of U.S. aluminum to secure supply. And from an AR perspective, obviously, we're growing 15% year on year. So there's working capital demands. And that is not unusual that Q2 would be, you know, the one that uses the most working capital because of the factors that I just mentioned. And then on top of that, having to pre-purchase U.S. aluminum doesn't help. We expect cash flow from operations to improve in the second half of the year. So obviously, depending on what we continue to see from a working capital perspective, obviously, we still have some capex to invest. But yes, we do still have 100 mil remaining on that authorization. So depending on what the board wants to do, I would assume that the cash flow is better in the second half of the year to do some of that as well.
Very helpful. Thank you. Thank you, gentlemen.
Again, as a reminder, if you'd like to participate in today's Q&A, please press star, then one on your touchstone phone. Again, add a star, then one to ask a question. The next question we have comes from Tim Lowe of Baird.
Hey, everybody. Good morning. Nice job. So I guess I know there's a lot of moving pieces with pricing and tariffs and just kind of the macro. I mean, if you look at kind of the underlying demand environment today versus maybe where we were, you know, three, six months ago, I mean, how would you, you know, describe it both in Florida and kind of outside of Florida?
The demand is really high. I mean, it's surprisingly high everywhere across the U.S. We have, how do we assess the demand? Because the quoting progress that we have is unbelievable. We have to even hire new people for quoting because the demand for new jobs is crazy. in Florida and outside of Florida. Surprisingly, New York is coming back really strong also. So demand is there.
Okay. And then I guess when you think about kind of the peso and the aluminum costs, I mean, I think you've kind of opportunistically hedged the peso in the past, and I don't think you've done anything on aluminum. And any kind of changes, Santiago, to those philosophies?
Yeah, on the aluminum front, we shouldn't have really much of volatility for the second half of the year. We have already kind of pre-bought the rest of the year, kind of a flattish level. What's going to move the needle here is what happens with the peso. It appreciated quite rapidly ahead of the presidential elections that turned out, you know, as a pro-business result. So I think that increased a lot of confidence into the country and strengthened the peso. That happened really fast. So at this point, we are not hedged. We don't want to enter into hedges right now at a level that is the lowest we've had in the last seven years, right? So to the extent that we see some normalization, then we'll try to be opportunistic. But as of now, we don't have any hedges the rest of the year. So I think that the main variable from here on out is what happens on that front rather than what happens with the raw material cost.
Okay. And then just to kind of circle back on the tariff offsets, it sounds like everything is pacing to plan in terms of pricing and automation. you know, offsetting the tariff. Is that still the case?
Yes. This is Christian Dyes. I mean, we have done so many moves and automation in the plant that within the next six months, we're going to be able to really become more profitable and be more efficient. And we are starting to see the results. The new machinery started to come in, and I really believe that this exercise is going to be really good for the company because at the end of it, we're going to be a much stronger and efficient company.
Very good. Thank you guys for the time. Thanks, Tim.
Well, showing no further questions at this time, we will go ahead and conclude our question and answer session. I would now like to turn the conference call back over to Mr. Jose Manuel for the closing remarks.
Well, thanks, everyone, for participating on today's call. And we're going to have much better news for the rest of the year, and especially for the years ahead. Thank you.
And we thank you, sir, for your time today and the rest of the management team. The conference call is now concluded. At this time, you may disconnect your lines. Thank you. Take care and have a great day, everyone.
