PQ Group Holdings Inc. (PQG) Reports In-Line Q2 EPS, Revenues Beat; Offers FY18 Revenue Outlook
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PQ Group Holdings Reports Solid Second Quarter 2018; Reaffirms 2018 Outlook for Sales, Adjusted EBITDA and Free Cash Flow
August 9, 2018 6:15 AM EDT- Strong underlying demand trends drive double-digit sales growth
Sales up 11.7% to $434.7 million Net income of $15.8 million or Diluted EPS of $0.12; Adjusted Net Income of $37.2 million or Adjusted Diluted EPS of $0.28 Adjusted EBITDA up 5.0% to $128.9 million for an Adjusted EBITDA margin of 26.6% 2018 outlook reaffirmed: 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 On track for debt paydown in second half 2018... More
