PQ Group Holdings Inc. (PQG) Tops Q1 EPS by 1c

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Go back to PQ Group Holdings Inc. (PQG) Tops Q1 EPS by 1c

PQ Group Holdings Reports Solid First Quarter 2018, Reaffirms 2018 Guidance

May 10, 2018 6:15 AM EDT

- Strong financial performance drives top line and bottom line growth

Sales up 10.0% to $366.2 million Net Income of $0.2 million or Diluted EPS of $0.00; Adjusted Net Income of $20.9 million or Adjusted Diluted EPS of $0.16 Adjusted EBITDA up 6.6% to $107.9 million for an Adjusted EBITDA margin of 26.7% Reaffirming 2018 outlook: Sales of $1,545 million to $1,575 million; Adjusted EBITDA of $470 million to $490 million; and Free Cash Flow of $120 million to $140 million Debt paydown of at least $50 million expected in second half 2018... More