What Were Q4 Profits For 2018 Of Pqg
What Were Q4 Profits For 2018 Of Pqg, PQG, or PQ Group Holdings Inc., recently reported its Q4 profits for 2018, and the results were, General, what-were-q4-profits-for-2018-of-pqg, JPOSE
PQG, or PQ Group Holdings Inc., recently reported its Q4 profits for 2018, and the results were positive. The company reported revenue of $420.6 million for the quarter, an increase of 4.5% compared to the same period in the previous year.
The company's net income for the quarter was $19.3 million, or $0.15 per share, which was an improvement over the $4.5 million, or $0.04 per share, reported in the previous year's Q4. Adjusted earnings per share were $0.19, which exceeded analysts' expectations by $0.02.
PQG's CEO, Jim Gentilcore, attributed the company's strong Q4 performance to several factors, including increased volumes in its refining services segment, as well as higher pricing in its catalysts and specialty materials segments.
Looking at the full year, PQG reported revenue of $1.6 billion, an increase of 4.7% compared to the previous year. Net income for the year was $84.2 million, or $0.69 per share, compared to $65.1 million, or $0.54 per share, in the previous year.
Gentilcore noted that PQG is well-positioned for continued growth in 2019, thanks to its diverse portfolio of products and services, strong customer relationships, and ongoing investments in research and development.
Overall, PQG's Q4 profits for 2018 were a positive sign for the company, and investors will likely be watching closely to see how the company performs in the coming year.
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