UPDATE: Methanex (MEOH) Misses Q1 EPS by 15c, Revenues Miss; Board Approves 9% Quarterly Dividend Increase to $0.36 (from $0.33)

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Go back to UPDATE: Methanex (MEOH) Misses Q1 EPS by 15c, Revenues Miss; Board Approves 9% Quarterly Dividend Increase to $0.36 (from $0.33)

Methanex Reports First Quarter 2019 Results and Increases Dividend by 9%

April 24, 2019 5:14 PM EDT

VANCOUVER, British Columbia, April 24, 2019 (GLOBE NEWSWIRE) -- For the first quarter of 2019, Methanex (TSX: MX) (NASDAQ: MEOH) reported net income attributable to Methanex shareholders of $38 million ($0.50 per common share on a diluted basis) compared to net income of $161 million ($1.68 per common share on a diluted basis) in the fourth quarter of 2018. Adjusted EBITDA for the first quarter of 2019 was $194 million and Adjusted net income was $56 million ($0.73 per common share). These results include the impact of IFRS 16, a substantial change to lease accounting standards. Excluding the impact... More