Atotech Ltd. (ATC) Reports Q4 Loss of $0.12 on Revenues of $365M
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Atotech Reports Fourth Quarter and Full Year 2020 Results and Provides 2021 Full Year Guidance
March 4, 2021 6:00 AM ESTReports fourth quarter revenue of $365 million, an increase of 18% over the fourth quarter of 2019, including organic chemistry revenue growth of 5%Delivers net income of $22 million, up significantly over the fourth quarter of 2019Posts adjusted EBITDA of $106 million, a 5% increase over the fourth quarter of 2019Reduces net leverage to 5.1x at year end 2020 (before IPO completion on February 8, 2021)Expects total full year 2021 organic revenue growth to be in the range of 10% to 12%, including full year organic chemistry revenue growth in the range of 8% to 9%Anticipates full year 2021 adjusted EBITDA1 to be in the... More
