PQ Group Holdings Inc. (PQG) Tops Q2 EPS by 3c, Revenues Beat; Offers FY20 EPS/Revenue Guidance
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PQ Group Reports Second Quarter 2020 Results: $16 Million Net Income and $113 Million Adjusted EBITDA With Robust Margin of 28%; Reinitiating 2020 Guidance and Raising 2020 Adjusted Free Cash Flow to
July 30, 2020 6:15 AM EDTSales of $359.5 million and Net income of $15.9 million with diluted EPS of $0.12; Adjusted net income of $30.0 million with Adjusted diluted EPS of $0.22; Adjusted EBITDA of $113.0 million; Adjusted EBITDA margin of 28.2% in line with prior year on effective cost management actions; Monetization of non-strategic assets leads to ~$27 million in cash proceeds ($18 million of which was received on July 1, 2020) Secured notes refinancing significantly lowers interest costs and extends maturities
MALVERN, Pa.--(BUSINESS WIRE)-- PQ Group Holdings Inc. (NYSE: PQG) (PQ or the Company) today reported results for the... More
