KMG Chemicals (KMG) Tops Q3 EPS by 23c; Narrows FY15 Revenue Outlook

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KMG Reports Third Quarter 2015 Financial Results

June 9, 2015 4:04 PM EDT

HOUSTON--(BUSINESS WIRE)-- KMG Chemicals, Inc. (NYSE: KMG), a global provider of specialty chemicals, today announced financial results for the fiscal 2015 third quarter ended April 30, 2015.

2015 Third Quarter Financial Highlights

Consolidated net sales were $74.0 million, a 12% decrease from last years third quarter. Sales declined due to the divestiture of the creosote business in January. Adjusted EBITDA1 increased to $9.1 million, up 20% from $7.6 million in last years third quarter. Adjusted diluted earnings per share2 was $0.35 vs. $0.20 per share reported... More