PQ Group Holdings Inc. (PQG) Tops Q4 EPS by 4c, Revenues Beat; Offers FY19 EPS/Revenue Guidance Below Consensus
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PQ Group Holdings Reports Fourth Quarter and Full Year 2018 Results; 9% Sales Growth, 50% Operating Cash Flow Improvement and ~$135 Million of Debt Repayment for the Year
February 21, 2019 6:15 AM ESTSales increased 6% to $380.1 million for the fourth quarter and 9% to $1,608.2 million for the year; Net income of $28.2 million for the fourth quarter and $58.3 million for the year; Adjusted EBITDA of $109.1 million for the fourth quarter and $464.0 million for the year; Operating cash flow higher by 50% to $248.6 million for the year; Adjusted free cash flow up $109.4 million for the year leading to approximately $135 million debt reduction for the year; 2019 Guidance: Sales of $1,640 million to $1,670 million; Adjusted EBITDA of $470 million to $485 million; Adjusted free cash flow of... More
