Innophos Holdings, Inc. Reports Second-Quarter 2018 Results
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Innophos Holdings (IPHS) Misses Q2 EPS by 10c, Revenues Miss
July 30, 2018 7:33 AM EDTInnophos Holdings (NASDAQ: IPHS) reported Q2 EPS of $0.55, $0.10 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $207 million versus the consensus estimate of $211.35 million.
Strategic Highlights
Major milestone completed with recently signed strategic PPA and MGA supply agreements with NutrienNegotiated a $20 million payment from Nutrien to offset near-term value chain specific transition charges anticipated to be incurred through Q2 2019Income from the payment will mostly benefit 2019 to 2021 earningsFull benefits of the multi-faceted value chain repositioning and manufacturing optimization program expected to deliver adjusted diluted EPS... More