Innophos Holdings, Inc. Reports Second-Quarter 2019 Results
INNOPHOS HOLDINGS (IPHS)
Last innophos holdings earnings: 11/6 07:30 am
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US:NASDAQ Investor Relations:
ir.innophos.com/investor-relations
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Source: Business Wire
Pricing Power, Cost Actions and Mix Shift Offset Topline Pressures to Drive Margin Growth and Benefit Bottom Line PerformanceOn Track to Achieve Year-End EPS Improvement Targets from New Lower Cost Value Chain Structure CRANBURY, N.J.--(BUSINESS WIRE)--Innophos Holdings, Inc. (NASDAQ: IPHS) today announced financial results for its second-quarter ended June 30, 2019.Strategic HighlightsContinued progress executing against Vision 2022 strategic roadmap and Strategic PillarsLeveraged value-selling model to continue to capture price increases to offset the gross profit effects of lower sales volumesOn schedule to realize GAAP and adjusted diluted EPS improvement of $0.25 to $0.27 per share run rate by the end of 2019 from the value chain optimization program that provided some initial sequential benefits in the quarterCompleted planned annual maintenance shut-down of Coatzacoalcos, Mexico facility on time and on budget with $3 million of maintenance and under-absorption costs in Q2 20
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