PQ Group Holdings Inc. (PQG) Tops Q4 EPS by 50c, Revenues Miss
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PQ Group Reports Fourth Quarter and Full Year 2020 Results from Continuing Operations; Achieved Significant Milestones on Strategic Transformation to a Pure-Play Catalyst and Services Company
March 9, 2021 6:15 AM ESTSolid quarter performance driven by demand recovery across many end uses and benefit of Performance Chemicals business transformation plan; Year results reflect lower volumes from global pandemic, offset by cost actions undertaken at all businesses; Net cash provided by operating activities of $223.6 million and Adjusted free cash flow of $152.5 million for the year; Portfolio transformation accelerated with agreement for the sale of the Performance Chemicals business for $1.1 billion and the completed sale of Performance Materials for $650 million; and Closed strategic acquisition of fast-growing catalyst activation company
Financial results are on... More
