Innophos Q1 Profit Rises - Quick Facts

By RTT News, 
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(RTTNews.com) - Innophos Holdings, Inc. ( IPHS ) reported that its first-quarter net income increased to $14.18 million or $0.64 per share, from $12.40 million or $0.55 per share, previous year.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.65 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $216.34 million from $214.44 million. Analysts expected revenue of $213.60 million for the quarter.

Randy Gress, CEO of Innophos, said, "We remain confident that we will generate improved earnings for the second quarter compared to our performance over the last five quarters and deliver on our targets for the year, which are reaffirmed."

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This article appears in: Earnings

Referenced Stocks: IPHS , TRI

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