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3 个月前
BRIEF-Innophos Holdings Q1 adjusted earnings per share $0.59
2017年5月1日 / 晚上8点32分 / 3 个月前

BRIEF-Innophos Holdings Q1 adjusted earnings per share $0.59

2 分钟阅读

May 1 (Reuters) - Innophos Holdings Inc:

* Innophos Holdings Inc - sales comparables in q2 are expected to improve sequentially, but still be down approximately 5% year-over-year

* Innophos Holdings, Inc. Reports first quarter 2017 results

* Q1 adjusted earnings per share $0.59

* Q1 earnings per share $0.55

* Q1 sales $166 million versus I/B/E/S view $167.5 million

* Q1 earnings per share view $0.52 -- Thomson Reuters I/B/E/S

* Innophos holdings inc - anticipates that tax rate will return to more normalized level of approximately 33% beginning in Q2

* Innophos holdings inc - on a full year basis, overall market conditions and competitive landscape for 2017 are expected to be similar to 2016

* Innophos holdings inc sees volume headwinds are expected to remain through balance of year, pruning effects are expected to improve in second half of year

* Innophos holdings inc - continues to expect full year revenues to be down by 4% compared with 2016

* Innophos holdings inc - full year earnings are expected to be broadly in line with 2016

* Innophos holdings sees earnings in q2 impacted by remainder of consulting fees for implementation of phase 2 of "operational excellence initiatives"

* Innophos holdings sees phase 2 operational excellence fees incurred in first half of year offset by phase 2 savings;$5 million to take effect in second half of 2017 Source text for Eikon: Further company coverage:

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