Atotech Ltd. (ATC) Misses Q1 EPS by 64c, Revenues Beat; Raises FY21 Guidance
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Atotech Reports First Quarter 2021 Results and Raises 2021 Full Year Guidance
May 4, 2021 6:00 AM EDTGenerates first quarter revenue of $353 million, an increase of 25% over the prior year period, including chemistry organic revenue growth of 13%Reports a net loss of $72 million, primarily reflecting one-time costs associated with the Companys recent refinancingDelivers adjusted EBITDA of $110 million, a 32% increase over the prior year periodReduces net leverage to 3.7xRaises guidance for full year 2021 organic revenue growth, which is now expected to be in the range of 11% to 13%, including full year chemistry organic revenue growth of approximately 9%Increases guidance for full year 2021 adjusted EBITDA1, which is now anticipated to... More
