Platform Specialty Products (PAH) Misses Q4 EPS by 1c

Platform Specialty Products (NYSE: PAH) reported Q4 EPS of $0.23, $0.01 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $978.55 million.

• Based on the average foreign exchange rates in January 2018 and considering the recent strengthening in currencies against the dollar, Platform now expects adjusted EBITDA for 2018 in the range of $870 million to $900 million, an increase of $10 million at the mid-point from the previously-announced guidance for 2018. The mid-point of the guidance represents an increase of 8% over 2017. This guidance does not anticipate any new acquisitions but does assume that the Company will achieve organic revenue growth in the low to mid-single digits, consistent with its long-term growth strategy.

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

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