Platform Specialty Products (PAH) Tops Q1 EPS by 2c; Reaffirms EBITDA Guidance

Platform Specialty Products (NYSE: PAH) reported Q1 EPS of $0.16, $0.02 better than the analyst estimate of $0.14. Revenue for the quarter came in at $862 million versus the consensus estimate of $835.22 million.

• Net sales increased 5% to $862 million; organic sales increased 3%
• GAAP fully diluted loss per share of $0.09; adjusted earnings per share of $0.16, an increase of $0.06
• Reported net loss attributable to common stockholders of $24 million, a $110 million improvement
• Adjusted EBITDA increased 15% to $193 million
• Repriced $1.93 billion of term loans in April, reducing estimated annual interest expense by approximately $20 million
• Full year adjusted EBITDA guidance range of $800 million to $830 million reaffirmed

For earnings history and earnings-related data on Platform Specialty Products (PAH) click here.

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