PQ Group Holdings Inc. (PQG) Misses Q3 EPS by 4c, Revenues Miss; Offers FY20 Sales Outlook

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PQ Group Reports Third Quarter 2020 Results; Continued Solid Execution While Advancing Portfolio Strategy

October 30, 2020 6:15 AM EDT

Sales of $380.3 million and Net income of $7.5 million with diluted EPS of $0.06; Adjusted net income of $27.5 million with Adjusted diluted EPS of $0.20; Adjusted EBITDA of $108.6 million impacted by $5 million related to Hurricane Laura and a hydrocracking order deferred to the fourth quarter; Adjusted EBITDA margin of 26.7%; Advancing Simpler + Stronger portfolio strategy with planned sale of Performance Materials and launch of strategic alternatives process for Performance Chemicals

MALVERN, Pa.--(BUSINESS WIRE)-- PQ Group Holdings Inc. (NYSE: PQG) (PQ or the company) today reported results for the third quarter... More