Nexeo Solutions Reports Fourth Quarter and Fiscal Year 2018 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
Fiscal Year 2018 Highlights (Versus Fiscal Year 2017) Revenue growth of 11%, driven by specialty growth and disciplined price execution in an inflationary environmentNet income for the year was $29.4 million, or $0.38 per diluted share. Adjusted net income was $57.0 million, or $0.74 per diluted shareRecord full year gross profit of $460.1 million increased 15.5% from prior yearRecord full year adjusted EBITDA of $209.0 million increased 13.2% from prior yearNet leverage of 3.5x, a decrease from 4.3x last year and 3.9x last quarter THE WOODLANDS, Texas, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO) (the "Company" or "Nexeo Solutions"), today announced its consolidated financial results for the three months and twelve months ended September 30, 2018. David Bradley, President and Chief Executive Officer of Nexeo Solutions stated, "Through the determination and resolve of our team, this year we achieved record levels of profitability. We have once again dem
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