Charah Solutions, Inc. Reports Third Quarter 2019 Financial Results
Charah Solutions, Inc. (CHRA)
Last charah solutions, inc. earnings: 3/26 06:25 am
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Source: Business Wire
New Awards Won Year-to-Date Approaching Record Levels Total Debt Reduced to Lowest Levels Since IPO LOUISVILLE, Ky.--(BUSINESS WIRE)--Charah® Solutions, Inc. (NYSE: CHRA) (“Charah Solutions” or the “Company”), a leading provider of environmental and maintenance services to the power generation industry, today announced financial results for the three and nine months ended September 30, 2019. Revenues for the third quarter of 2019 were $121.1 million with a net loss attributable to Charah Solutions, Inc. of $3.3 million, or $0.11 per basic share. Adjusted net loss and adjusted loss per basic share1 were $2.9 million and $0.10, respectively. Adjusted EBITDA1 was $5.6 million.“Our third quarter results reflect meaningful improvement over the difficult second quarter and the return of a positive trajectory in operating performance. Consistent with our previous guidance, we realized improvements in our operating efficiency, a material reduction in our total debt balance and an increase
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