Methanex (MEOH) Tops Q1 EPS by 5c
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Methanex Reports First Quarter 2020 Results and Provides Business Update
May 5, 2020 5:01 PM EDTRecords net income attributable to Methanex shareholders of $23 million and Adjusted EBITDA of $138 millionGlobal methanol demand declined by 7% in the first quarter due to COVID-19 pandemic and sharply lower oil price environmentSafely maintained plant operations and global supply chain to provide secure and reliable methanol supply to customersStrong liquidity position with $823 million in cash on balance sheetTaking proactive steps to further strengthen balance sheet and preserve liquidity
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