Cypress Energy Partners, L.P. Announces Fourth Quarter 2016 Results
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Cypress Energy Partners (CELP) Reports In-Line Q4 EPS
March 15, 2017 6:02 AM EDTCypress Energy Partners (NYSE: CELP) reported Q4 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $70.4 million versus the consensus estimate of $80.87 million.
Revenue of $70.4 million for the three months ended December 31, 2016 compared with $81.8 million for the three months ended September 30, 2016, representing a 13.9% decrease. For the same period a year ago, revenue was $89.8 million.Gross margin of $10.4 million or 14.8% for the three months ended December 31, 2016, compared to $9.9 million or 12.1% for the three months ended September 30, 2016 representing a 5.1% increase. Fourth quarter gross margins benefited from various... More