Platform Specialty Products Corporation Announces Preliminary 2018 Financial Guidance
PLATFORM SPECIALTY PRODUCTS CO (PAH)
Last platform specialty products co earnings: 11/1 07:00 am
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US:NYSE Investor Relations:
ir.platformspecialtyproducts.com
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Source: GlobeNewswire
Announcing 2018 Adjusted EBITDA guidance range of $860 million to $890 million WEST PALM BEACH, Fla., Jan. 10, 2018 (GLOBE NEWSWIRE) -- Platform Specialty Products Corporation (NYSE:PAH) ("Platform"), a global specialty chemicals company, announced today preliminary 2018 financial guidance. Platform expects adjusted EBITDA for 2018 to be in the range of $860 million to $890 million, representing a mid-to-high single digit increase from the mid-point of its 2017 guidance range. Platform also reaffirms its 2017 adjusted EBITDA guidance range of $810 million to $830 million. Platform expects free cash flow growth in excess of adjusted EBITDA growth and issued guidance for 2018 interest expense of approximately $300 million and capital expenditures of approximately $100 million. Executive Commentary Chief Executive Officer Rakesh Sachdev said, “We are pleased to announce our expected adjusted EBITDA guidance range for 2018. This guidance is consistent with our objective of a mid-to
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