Trecora Resources Reports Second Quarter 2018 Results
Trecora Resources (TREC)
Last trecora resources earnings: 3/9 04:05 pm
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US:NYSE Investor Relations:
ir.trecora.com
Company Research
Source: PR Newswire
SUGAR LAND, Texas, Aug. 1, 2018 /PRNewswire/ -- Trecora Resources (NYSE: TREC) a leading provider of high purity specialty hydrocarbons and waxes, today announced financial results for the second quarter ended June 30, 2018. "Second quarter results reflect improved execution and continued strong demand at Trecora Chemical while South Hampton Resources endured several customer-based production disruptions that impacted sales volume in the quarter," said Simon Upfill-Brown, president and CEO. "Reduced operating leverage resulting from lower volume, combined with higher operating expenses, including non-recurring expenses related to the commissioning of the Advanced Reformer, pressured reported margins in the quarter; however, we expect those headwinds to lessen over the balance of the year. In addition, we are continuing price leadership efforts to mitigate the pressures in many parts of our business, including higher feedstock costs."We have taken many positive s
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