Innophos Holdings (IPHS) Tops Q4 EPS by 4c
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Innophos Holdings, Inc. Reports Fourth Quarter and Full Year 2016 Results
February 21, 2017 4:15 PM ESTCRANBURY, N.J., Feb. 21, 2017 /PRNewswire/ --Â Innophos Holdings, Inc. (NASDAQ:Â IPHS), today announced its financial results for the fourth quarter and full year ending December 31, 2016.
Q4 2016 Highlights
Net income of $9 million was up 303% year-over-year on a GAAP basis and 70% on an adjusted basis, on a 2% decrease in sales Adjusted EBITDA of $26 million, or 16% of sales, up 249 basis points year-over-year and in line with expectations GAAP diluted EPS of $0.47 was up significantly from the $0.24 loss in Q4 2015. Adjusted diluted EPS of $0.52 was up 62% versus prior year Working capital... More