CVR Energy (CVI) Tops Q3 EPS by 8c
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CVR Energy Reports 2016 Third Quarter Results And Announces Cash Dividend of 50 Cents
October 27, 2016 8:31 AM EDTSUGAR LAND, Texas, Oct. 27, 2016 /PRNewswire/ -- CVR Energy, Inc. (NYSE: CVI) today announced third quarter 2016 net income of $5.4 million, or 6 cents per diluted share, on net sales of $1,240.3 million, compared to net income of $57.9 million, or 67 cents per diluted share, on net sales of $1,408.8 million for the 2015 third quarter. Third quarter 2016 adjusted EBITDA, a non-GAAP financial measure, was $58.2 million, compared to third quarter 2015 adjusted EBITDA of $153.8 million.
For the first nine months of 2016, net income was $17.6 million,... More
