Trecora Resources (TREC) Misses Q1 EPS by 2c

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Go back to Trecora Resources (TREC) Misses Q1 EPS by 2c

Trecora Resources Announces First Quarter 2022 Results

May 4, 2022 4:05 PM EDT

First quarter revenue of $83.2 million, an increase of 52.4% compared with the first quarter of 2021, driven by price and volume increases in both the Specialty Petrochemicals and Specialty Waxes segments.First quarter net loss of $(0.4) million was significantly improved from $(4.4) million in the first quarter 2021.First quarter Adjusted EBITDA of $5.8 million compared to $(0.1) million in the first quarter 2021.Increasing full year Adjusted EBITDA guidance to a range between $28 million and $32 million from $27 million to $31 million previously.Conference call at 11:00 am ET, May 5, 2022.

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