Trecora Resources (TREC) Tops Q2 EPS by 31c

Trecora Resources (NYSE: TREC) reported Q2 EPS of $0.48, $0.31 better than the analyst estimate of $0.17. Revenue for the quarter came in at $48.9 million versus the consensus estimate of $55.59 million.

Trecora President and CEO Simon Upfill-Brown commented, "We achieved solid profitability levels in the second quarter while managing customer maintenance turnarounds, other mostly temporary volume shortfalls, and pricing pressure due to the challenging energy market. At South Hampton Resources, lower volumes and average selling prices impacted revenue, while feedstock cost volatility contributed to a narrowing of gross margins. On the positive side, we expect continued strong demand from Canadian oil sands projects, and see a growing order pipeline from other international customers. At Trecora Chemical, record wax sales drove strong year-over-year revenue growth. In addition, B Plant immediately demonstrated its value by processing a wax order just weeks after we acquired the facility."

For earnings history and earnings-related data on Trecora Resources (TREC) click here.

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