Carbo Ceramics (CRR) Misses Q1 EPS by 18c
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CARBO® Announces First Quarter 2019 Results
April 25, 2019 6:00 AM EDTHOUSTON, April 25, 2019 /PRNewswire/ --Â CARBO Ceramics Inc. (NYSE: CRR) today reported financial results for the first quarter of 2019.
Revenue for the first quarter of 2019 of $47.5 million, a decrease of 4% year-on-year. Gross Loss for the first quarter of 2019 of $7.9 million, improved $2.2 million year-on-year despite 4% lower revenue. Adjusted EBITDA improved by approximately $1.0 million year-on-year driven by improved revenue mix, higher pricing and lower costs. Expecting a sequentially stronger second quarter of 2019 primarily due to higher ceramic technology sales. Cash and cash equivalents and restricted cash of... More