Methanex Reports Stronger Fourth Quarter 2019 Results and Full Year Record Production Volume
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Methanex (MEOH) Tops Q4 EPS by 15c, Revenues Miss
January 29, 2020 5:02 PM ESTMethanex (NASDAQ: MEOH) reported Q4 EPS of $0.12, $0.15 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $690 million versus the consensus estimate of $734.18 million.
John Floren, President and CEO of Methanex, commented, The higher Adjusted EBITDA we recorded in the fourth quarter of 2019 compared to the third quarter reflects higher sales volume of Methanex-produced methanol and improved costs, as well as the insurance recovery associated with our Egypt facility, which were partially offset by a decline in our average realized price. Our average realized... More
