Sprague Resources LP Reports First Quarter 2019 Results
Sprague Resources LP Common Units representing Limited Partner Interests (SRLP)
Last sprague resources lp common units representing limited partner interests earnings: 3/5 06:00 am
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US:NYSE Investor Relations:
spragueenergy.com/investor-relations
Company Research
Source: GlobeNewswire
PORTSMOUTH, N.H., May 08, 2019 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the first quarter ended March 31, 2019. First Quarter 2019 Highlights Net sales were $1,258.3 million for the first quarter of 2019, compared to net sales of $1,331.1 million for the first quarter of 2018.GAAP net income was $33.9 million for the first quarter of 2019, compared to net income of $74.9 million for the first quarter of 2018.Adjusted gross margin* was $95.4 million for the first quarter of 2019, compared to adjusted gross margin of $109.5 million for the first quarter of 2018.Adjusted EBITDA* was $50.9 million for the first quarter of 2019, compared to adjusted EBITDA of $55.1 million for the first quarter of 2018. "Strong Materials Handling results were offset by weakness in our Refined Products and Natural Gas businesses," said Mr. David Glendon, President and Chief Executive Officer. Refined Products Volumes in the Refined Pro
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