KMG Chemicals (KMG) Misses Q4 EPS by 3c

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KMG Reports Fourth Quarter and Full Year 2015 Financial Results

October 14, 2015 4:55 PM EDT

HOUSTON--(BUSINESS WIRE)-- KMG Chemicals, Inc. (NYSE: KMG), a global provider of specialty chemicals, today announced financial results for the fourth fiscal quarter and fiscal year ended July 31, 2015.

2015 Fourth Quarter Financial Highlights

Net sales were $76.0 million versus $91.2 million in last years fourth quarter. Sales declined due to the divestiture of the creosote business in the second quarter. Adjusted EBITDA1 was $10.1 million, a 12% increase from $9.0 million in last years fourth quarter. Adjusted diluted earnings per share2 was $0.32 vs. $0.27... More