Nexeo Solutions Reports First Quarter Fiscal Year 2019 Financial Results
NEXEO SOLUTIONS INC (NXEO)
Last nexeo solutions inc earnings: 8/6 04:20 pm
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US:NASDAQ Investor Relations:
ir.nexeosolutions.com
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Source: GlobeNewswire
First Quarter 2019 Highlights (Versus First Quarter 2018) Revenue growth of 1%, with continued strong commercial execution in a mixed pricing market environmentNet income for the quarter was $16.2 million, or $0.21 per diluted share. Adjusted net income was $9.8 million, or $0.13 per diluted shareGross profit of $98.7 million and adjusted EBITDA of $40.4 million was the second best first fiscal quarter performance in Company historyNet leverage of 3.9x, decreased from 4.4x in prior year THE WOODLANDS, Texas, Feb. 06, 2019 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO) (the "Company" or "Nexeo Solutions"), today announced its consolidated financial results for the three months ended December 31, 2018. David Bradley, President and Chief Executive Officer of Nexeo Solutions stated, "I’m proud to report that we posted our second best first quarter gross profit and adjusted EBITDA in Nexeo’s history. While our first quarter performance reflects some deflationary and macroecon
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