Macquarie Infrastructure (MIC) Reports Q3 Loss of $10.26/sh
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Macquarie Infrastructure (NYSE: MIC) reported Q3 EPS of ($10.26), versus $0.71 reported last year. Revenue for the quarter came in at $202 million, versus $287 million reported last year.
Guidance
MIC re-initiated financial guidance for 2020. For the full year, the Company expects to generate Adjusted EBITDA excluding non-cash items from continuing operations of between $200 million and $215 million. The buildup of the EBITDA guidance for 2020 on segment basis is as follows:
Segment | EBITDA Range ($mm) | |
Atlantic Aviation | 185 - 195 | |
MIC Hawaii | 35 - 40 | |
Corporate and Other | (20) | |
Total | 200 - 215 | |
For earnings history and earnings-related data on Macquarie Infrastructure (MIC) click here.
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