Covia Holdings Corporation (CVIA) Reports Q3 Loss of $2.20, Revenues Miss

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Go back to Covia Holdings Corporation (CVIA) Reports Q3 Loss of $2.20, Revenues Miss

Covia Announces Third Quarter 2018 Results

November 14, 2018 6:00 AM EST

Volumes of 8.2 million tons, down 19% sequentially, and revenues of $523 million, down 27% sequentially, both on a pro forma basis Net loss of $289 million driven primarily by $295 million of pre-tax impairments, restructuring and merger-related charges Adjusted EBITDA of $84.1 million, down 53% sequentially on a pro forma basis due to lower Energy volumes and pricing Net cash flow provided by operating activities of $105 million Solid Industrial segment gross profit results of $56.8 millionAll in-basin plants online and expected to reach combined 8 million ton annual production... More