Innophos Holdings (IPHS) Tops Q1 EPS by 24c
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Innophos Holdings, Inc. Reports First Quarter 2016 Results
April 27, 2016 4:15 PM EDTCRANBURY, N.J., April 27, 2016 /PRNewswire/ --Â Innophos Holdings, Inc. (NASDAQ: IPHS), today announced its financial results for the first quarter 2016.
HighlightsÂ
Adjusted EBITDA of $31 million, in line with first quarter 2015, and up 39% sequentially, resulting in a margin of 17%, up 90 basis points compared to the prior year quarter. Adjusted diluted EPS for the first quarter 2016 was $0.66 compared to an adjusted EPS of $0.64 for the first quarter 2015 and an adjusted EPS of $0.32 for the fourth quarter 2015. Restructuring and streamlining savings of $2.5 million in line with... More