Intrepid Announces Second Quarter 2019 Results
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Intrepid Potash (IPI) Reports In-Line Q2 EPS, Revenues Beat
August 6, 2019 7:46 AM EDTIntrepid Potash (NYSE: IPI) reported Q2 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $62.51 million versus the consensus estimate of $59.12 million.
Key Takeaways for Q2 2019
Net income of $5.6 million, or $0.04 per share, a $6.6 million increase compared to prior year second quarter net loss of $1.0 million, or $(0.01) per share.Adjusted EBITDA(1) of $14.9 million.Cash flow from operations of $23.6 million.Potash, Trio®, and oilfield solutions segment gross margins of $8.2 million, $1.5 million, and $3.5 million, increases of $2.0 million, $3.7 million, and $0.2 million, respectively, compared to... More