Platform Specialty Products (PAH) Tops Q2 EPS by 2c
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Platform Specialty Products Corporation Announces Second Quarter 2018 Financial Results
August 2, 2018 6:55 AM EDTNet sales increased 9% on a reported basis to $1.02 billion; growth of 7% on an organic basisGAAP diluted earnings per share of $0.04; adjusted earnings per share increased 30% to $0.26Reported net income attributable to common stockholders of $12 millionAdjusted EBITDA increased 10% to $226 millionReaffirming full year 2018 adjusted EBITDA guidance of $870 million to $900 million for consolidated PlatformAnnualized adjusted EBITDA, excluding Arysta, expected to be $450 million to $470 million based on 2018 adjusted EBITDA guidance and estimated run-rate cost savings of approximately $25 million targeted in 2019Previously-announced sale of Arysta LifeScience expected to close in late... More
