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10 个月前
BRIEF-Fairmount Santrol sees Q3 2016 loss per share $0.11 to $0.13
2016年10月19日 / 晚上9点17分 / 10 个月前

BRIEF-Fairmount Santrol sees Q3 2016 loss per share $0.11 to $0.13

Oct 19 (Reuters) - Fairmount Santrol Holdings Inc

* Sees Q3 2016 loss per share $0.11 to $0.13

* Sees Q3 2016 revenue $133 million to $135 million

* Sees Q3 total volumes approximated 2.4m tons, a more than 20 percent increase over Q2 2016

* Q3 earnings per share view $-0.12, revenue view $128.1 million -- Thomson Reuters I/B/E/S

* Says restructuring of leases and purchase contracts serves to decrease cash operating costs by about $15 million through Dec 31, 2017

* Says continues to expect an approximate $15 million of annualized savings from ongoing cost reduction initiatives

* Says during Q3 , renegotiated cancellation and/or deferral into 2020 and 2021 of railcars that were scheduled for delivery in 2017 and 2018

* Says during Q3 of 2016, company renegotiated certain railcar leases and purchase contracts, including reduction of certain lease rates Source text for Eikon: Further company coverage:

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