Core-Mark Announces Third Quarter 2020 Financial Results and Raises Guidance for Full Year 2020
Core-Mark Holding Company, Inc. (CORE)
Last core-mark holding company, inc. earnings: 3/2 06:00 am
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US:NASDAQ Investor Relations:
ir.core-mark.com/investors
Company Research
Source: GlobeNewswire
Third Quarter Net Sales Increased 1.8% to $4.50 BillionReduced operating expenses by 5.9% to $200.2 MillionNet Income of $23.0 Million, Diluted EPS at $0.51 per share Adjusted EBITDA of $59.3 Million(1) versus $59.2 Million Last YearIncreases Dividend by 8% to $0.13 per share quarterlyRaises 2020 Guidance for Diluted EPS to $1.17 and Adjusted EBITDA to $188 Million at Midpoint WESTLAKE, Texas, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Core-Mark Holding Company, Inc. (NASDAQ: CORE) (“the Company”), one of the largest marketers of fresh, food and broad-line supply solutions to the convenience retail industry in North America, announced financial results for the third quarter ended September 30, 2020. “Our results for the third quarter demonstrate Core-Mark’s resiliency in what remains a challenging business environment heavily impacted by the pandemic,” said Scott E. McPherson, President and Chief Executive Officer. “In a year where sales mix and margins have faced tremendous pressure, we
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