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Stock impact report

Calumet Specialty Products Partners, L.P. Announces Completion of Phase I and Outlines Phase II of the Company's Self-Help Program; also Provides Updated Liquidity and LCM Outlook

Calumet Specialty Products Partners, L.P. - Common units representing limited partner interests (CLMT) 
Last calumet specialty products partners, l.p. - common units representing limited partner interests earnings: 3/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: calumetspecialty.investorroom.com
Company Research Source: PR Newswire
INDIANAPOLIS, Feb. 4, 2019 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Company", "Partnership" or "Calumet"), a leading independent producer of specialty hydrocarbon and fuels products, today released details on the completion of Phase I of its Self-Help program and provided expectations associated with Phase II of its program. Phase I targeted a $150 million to $200 million improvement in EBITDA through the end of 2018. The Company announced today that it has realized over $180 million in EBITDA from Phase I of its Self-Help program as of year-end 2018. In addition, it anticipates capturing an incremental $100 million in EBITDA from 2019 through 2021 from its Phase II Self-Help program. Approximately two-thirds of Phase II is focused on improving the Company's core Specialty business. The Company anticipates spending between $25 million to $40 million in capital to achieve these results over the new three-year period.Tim Go, CEO of Calumet, said, "O Show less Read more
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