AgroFresh Solutions (AGFS) Misses Q1 EPS by 4c

AgroFresh Solutions (NASDAQ: AGFS) reported Q1 EPS of ($0.24), $0.04 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $33 million versus the consensus estimate of $32.6 million.

• Net sales of $33 million, up 15 percent versus the first quarter of 2016
• First quarter 2017 net loss reduced to $12 million compared to a net loss of $25 million for the first quarter of 2016
• First quarter EBITDA[1] of $11 million compared to $4 million in the year earlier period
• $9 million of cash generated by operations for the first quarter of 2017
• Quarter end cash of $85 million, up nearly $8 million since December 31, 2016 and up $20 million since March 31, 2016

For earnings history and earnings-related data on AgroFresh Solutions (AGFS) click here.

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