Methanex Reports First Quarter 2019 Results and Increases Dividend by 9%
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UPDATE: Methanex (MEOH) Misses Q1 EPS by 15c, Revenues Miss; Board Approves 9% Quarterly Dividend Increase to $0.36 (from $0.33)
April 24, 2019 5:16 PM EDT(Updated - April 24, 2019 5:19 PM EDT)
Methanex (NASDAQ: MEOH) reported Q1 EPS of $0.73, $0.15 worse than the analyst estimate of $0.88. Revenue for the quarter came in at $733 million versus the consensus estimate of $795.57 million.
John Floren, President and CEO of Methanex, commented, "The lower Adjusted EBITDA and earnings in the first quarter primarily reflects lower average realized prices compared to the last quarter which was partially offset by higher sales of Methanex-produced methanol. In addition, in a declining price... More
