Sprague Resources (SRLP) Reports Q4 Loss of $0.08/Share
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Sprague Resources LP Reports Fourth Quarter and Full Year 2016 Results
March 10, 2017 6:00 AM ESTPORTSMOUTH, N.H., March 10, 2017 (GLOBE NEWSWIRE) -- Sprague Resources LP (Sprague) (NYSE: SRLP) today reported its financial results for the fourth quarter and twelve months ended December 31, 2016.
Fourth Quarter 2016 Highlights
Net sales were $766.8 million for the fourth quarter of 2016, compared to net sales of $663.8 million for the fourth quarter of 2015.GAAP net loss was $1.1 million for the fourth quarter of 2016, compared to net income of $28.4 million for the fourth quarter of 2015.Adjusted gross margin was $69.4 million for the fourth quarter of 2016, compared to... More