Core-Mark Holding (CORE) Misses Q4 EPS by 3c, Revenues Beat

Core-Mark Holding (NASDAQ: CORE) reported Q4 EPS of $0.35, $0.03 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.11 billion.

Fourth Quarter 2019 Key Metrics

• Net Sales increased 1.6% to $4.2 Billion on Non-Cigarette sales growth of 5.4%
• Net Income increased 33.9% to $16.2 Million
• Adjusted EBITDA (Non-GAAP)(1) increased 23.8% to $48.3 Million

“Our results in 2019 reflect successful execution of our key strategic priorities, including non-cigarette sales growth, margin expansion and cost leverage,” said Scott E. McPherson, President and Chief Executive Officer. “I am pleased with our performance in 2019 and positioning as we enter 2020. We are focused on generating quality revenue growth, continued margin expansion, along with leveraging our cost structure and strong balance sheet to bring meaningful returns to our shareholders.”

For earnings history and earnings-related data on Core-Mark Holding (CORE) click here.

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