HC2 Holdings Reports Second Quarter 2019 Results
HC2 Holdings, Inc. (HCHC)
NASDAQ:AMEX Investor Relations:
ir.hc2.com
Company Research
Source: GlobeNewswire
- Second Quarter 2019 Consolidated Net Revenue Grew 4.4% Year-Over-Year to $518.6 Million -- Reaffirms 2019 Guidance for Construction Segment - NEW YORK, Aug. 08, 2019 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or the “Company”) (NYSE: HCHC), a diversified holding company, announced today its consolidated results for the second quarter ended June 30, 2019. Second Quarter 2019 Highlights Consolidated net revenue grew 4.4% year-over-year to $518.6 million.Net income attributable to common and participating preferred stockholders of $9.0 million, or $0.12 per fully diluted share, compared to $54.7 million, or $1.08 per fully diluted share, in the year-ago quarter. Second quarter 2018 net income benefited from a one-time $102.1 million gain on the sale of Pansend Life Sciences’ (“Pansend”) interest in BeneVir.Adjusted EBITDA for Core Operating Subsidiaries* of $34.8 million, compared to $40.2 million in the year-ago quarter.Total Adjusted EBITDA, excluding Insurance, grew 22% to
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