Venator Materials PLC (VNTR) Tops Q3 EPS by 5c
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Venator Announces Third Quarter 2019 Results; Stable Sequential TiO2 Pricing and Accelerated Delivery of Cost Initiatives
November 6, 2019 6:00 AM ESTWYNYARD, UK, Nov. 6, 2019 /PRNewswire/ --
Third Quarter 2019 Highlights
Net loss attributable to Venator of $19 million and adjusted net income attributable to Venator of $8 million Adjusted EBITDA of $50 million which includes an $8 million nonrecurring benefit; diluted loss per share of $0.18 and adjusted diluted earnings per share of $0.08 Average TiO2 pricing was stable compared to the second quarter of 2019; volumes declined in-line with normal seasonality Our Business Improvement Program provided an incremental adjusted EBITDA benefit of $8 million in the third quarter or $15 million year-to-date... More