Venator Materials PLC (VNTR) Tops Q3 EPS by 5c

Venator Materials PLC (NYSE: VNTR) reported Q3 EPS of $0.08, $0.05 better than the analyst estimate of $0.03. Revenue for the quarter came in at $526 million versus the consensus estimate of $511.5 million.

• Third Quarter 2019 Highlights
• Net loss attributable to Venator of $19 million and adjusted net income attributable to Venator of $8 million
• Adjusted EBITDA of $50 million which includes an $8 million nonrecurring benefit; diluted loss per share of $0.18 and adjusted diluted earnings per share of $0.08
• Average TiO2 pricing was stable compared to the second quarter of 2019; volumes declined in-line with normal seasonality
• Our Business Improvement Program provided an incremental adjusted EBITDA benefit of $8 million in the third quarter or $15 million year-to-date
• Net cash provided by operating activities was $14 million and free cash flow was a use of $5 million and does not include a $15 million benefit from monetizing cross-currency interest rate swaps

For earnings history and earnings-related data on Venator Materials PLC (VNTR) click here.

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