Covia Holdings Corporation (CVIA) Reports Q4 Revenues Miss

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Go back to Covia Holdings Corporation (CVIA) Reports Q4 Revenues Miss

Covia Announces Fourth Quarter and Full Year 2019 Results

March 10, 2020 6:00 AM EDT

Sold 6.6 million tons in the fourth quarter of 2019 and 30.5 million tons for full year 2019Generated cash flow from operating activities of $35 million in the fourth quarter of 2019 and $104 million for full year 2019Reported 2019 net loss of $1.3 billion driven by $1.4 billion impairment of Energy assets; 2019 Adjusted EBITDA of $143 millionReduced net debt by $256 million in 2019Resumed major Canadian nepheline syenite expansion and modernization project, and completed Canoitas, Mexico expansion

INDEPENDENCE, Ohio, March 10, 2020 (GLOBE NEWSWIRE) -- Covia (NYSE:... More