Nexeo Solutions Reports Third Quarter 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
Third Quarter 2018 Highlights (Versus Third Quarter 2017) Revenue growth of 11%, driven by strong price execution, specialty growth and an improved market environmentNet income for the quarter was $17.5 million, or $0.23 per diluted share. Adjusted net income was $14.8 million, or $0.19 per diluted shareRecord gross profit of $120 million increased 17% from prior yearRecord adjusted EBITDA of $58 million increased 10% from prior yearNet leverage of 3.9x, a decrease from 4.9x last year and 4.1x last quarter THE WOODLANDS, Texas, Aug. 06, 2018 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO) (the "Company" or "Nexeo Solutions"), today announced its consolidated financial results for the three months ended June 30, 2018. David Bradley, President and Chief Executive Officer of Nexeo Solutions stated, "The investments we have made in market leading capability, combined with disciplined commercial execution and an improved market environment are yielding record results. Over th
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