AgroFresh Solutions (AGFS) Reports Q4 Loss of $0.60/sh

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Go back to AgroFresh Solutions (AGFS) Reports Q4 Loss of $0.60/sh

AgroFresh Solutions Reports Results for Fourth Quarter and Full Year 2019

March 12, 2020 4:05 PM EDT

Fourth quarter performance versus the prior year period was positively impacted by a two-week apple harvest delay across the northern hemisphere that shifted substantial revenue from third to fourth quarter. Fourth quarter sales were $61.0 million, an increase of 14.4% (16.3% on a constant currency basis) versus the prior year period. Full year 2019 net sales were $170.1 million, a decrease of 4.9% (3.0% on a constant currency basis) versus the prior year. For the fourth quarter of 2019, selling, general and administrative expense decreased 21% to $12.4 million and decreased 26% when excluding nonrecurring items related to litigation,... More