Trecora Resources (TREC) Tops Q1 EPS by 26c, Revenues Beat

Trecora Resources (NYSE: TREC) reported Q1 EPS of $0.23, $0.26 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $62.1 million versus the consensus estimate of $59.5 million.

"At the onset of 2019, we set our priorities and launched a disciplined process for driving shareholder value, with a focus on improved earnings, enhanced free cash flow and meaningful debt reduction. Our approach has allowed us to enter this period of uncertainty in a position of relative strength and financial stability. Through increased operational reliability, steady execution and disciplined cost control, the Company's first quarter 2020 results yielded cash flow from continuing operations of $4.4 million, a $3.5 million improvement from first quarter 2019. First quarter 2020 net income from continuing operations, excluding a tax benefit from the enactment of the CARES Act, was breakeven, due to falling feedstock prices during the quarter. Consolidated Adjusted EBITDA from continuing operations was $5.5 million," said Pat Quarles, Trecora's President and Chief Executive Officer.

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

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