AgroFresh Solutions (AGFS) Q4 adj.-EBITDA Fell 36%; CEO Macphee Resigns
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AgroFresh Announces Leadership Changes
March 11, 2016 6:08 AM ESTPHILADELPHIA--(BUSINESS WIRE)-- The Board of Directors of AgroFresh Solutions, Inc. (AgroFresh or the Company) (NASDAQ:AGFS,AGFSW), a global leader in produce freshness solutions, announced today that Thomas Macphee, Chief Executive Officer, has stepped down from his position, effective as of March 10, 2016. In addition, Stan Howell will step down from his position as President at the end of April 2016. The Board has formed a search committee to evaluate candidates to serve as the Companys next leader, in which the chief executive officer and president roles will be consolidated.
On an interim basis, the responsibilities of chief executive... More
AgroFresh Solutions Reports Fourth Quarter and Full Year 2015 Results*
March 11, 2016 6:00 AM EST$90 million of 2015 Adjusted EBITDA, at midpoint of guidance 55% 2015 Adjusted EBITDA margins 2015 constant currency Sales down 3%, compared to estimated 8%-10% decline in global apple crop Operating Cash Flow of $36 million generated in the fourth quarter
PHILADELPHIA--(BUSINESS WIRE)-- AgroFresh Solutions, Inc. (AgroFresh or the Company) (NASDAQ: AGFS), a global leader in produce freshness solutions, announced financial results for the fourth quarter and full year ended December 31, 2015. AgroFresh became a stand-alone company upon the closing of... More
