PQ Group: 4Q Earnings Snapshot
MALVERN, Pa. (AP) _ PQ Group Holdings Inc. (PQG) on Thursday reported fourth-quarter earnings of $28.2 million.
On a per-share basis, the Malvern, Pennsylvania-based company said it had net income of 21 cents. Earnings, adjusted for one-time gains and costs, came to 17 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The specialty chemical producer posted revenue of $380.1 million in the period.
For the year, the company reported profit of $58.3 million, or 43 cents per share. Revenue was reported as $1.61 billion.
PQ Group expects full-year earnings in the range of 75 cents to 93 cents per share, with revenue in the range of $1.64 billion to $1.67 billion.
PQ Group shares have risen 13 percent since the beginning of the year. The stock has climbed 16 percent in the last 12 months.