Macquarie Infrastructure (MIC) Misses Q4 EPS by 13c, Revenues Miss

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Go back to Macquarie Infrastructure (MIC) Misses Q4 EPS by 13c, Revenues Miss

MIC Reports Fourth Quarter And Full Year 2019 Results

February 25, 2020 7:00 AM EST

NEW YORK, Feb. 25, 2020 /PRNewswire/ -- Macquarie Infrastructure Corporation (NYSE: MIC) today reported financial and operational results for the full year 2019 that were in line with the Company's guidance.

MIC's net income from continuing operations totaled $101 million in 2019, up from $65 million in 2018 (the prior comparable period). The increase reflects primarily higher operating income and lower income taxes, partially offset by an increase in interest expense associated principally with higher average rates on debt balances outstanding.

Consolidated revenue declined 2% to $1,727 million in 2019 from $1,761 million in 2018, primarily as a result of MIC's... More