Innophos Holdings, Inc. Reports Fourth-Quarter and Full-Year 2018 Results
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UPDATE: Innophos Holdings (IPHS) Tops Q4 EPS by 3c, Revenues Beat; Offers FY19 Revenue Outlook Below Consensus
February 20, 2019 7:33 AM EST(Updated - February 20, 2019 9:13 AM EST)
(Update corrects Q4 EPS and headline)
Innophos Holdings (NASDAQ: IPHS) reported Q4 EPS of $0.54, $0.03 better than the analyst estimate of $0.51. Revenue for the quarter came in at $192.7 million versus the consensus estimate of $189.6 million.
Strategic Highlights
Contributions from price actions continued to offset input cost increasesCompleted Phase II operational excellence that delivered 2018 cost reductions of $5 millionSignificant progress made in advancing strategic value chain initiative including signing of strategic supply agreements, receipt of long lead-time government permits and progress in advancing capex... More