Gabelli Downgrades Phibro Animal Health Corp. (PAHC) to Hold
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Phibro Animal Health Corporation Reports First Quarter
November 9, 2016 4:20 PM ESTTEANECK, N.J., Nov. 09, 2016 (GLOBE NEWSWIRE) -- Phibro Animal Health Corporation (NASDAQ: PAHC) today announced its financial results for its first quarter ended September 30, 2016.
Highlights for the September 2016 quarter (compared to the September 2015 quarter)
Net sales of $188 million, an increase of $1 millionNet income of $12 million, a decrease of $6.6 million, or 35%Diluted EPS of $0.31, a decrease of $0.16, or 34%Adjusted EBITDA of $30 million, an increase of $2 million, or 8%Adjusted diluted EPS of $0.36, an increase of $0.02, or 6%ÂCOMMENTARY
Our core Animal Health... More
