Saturday, May 11, 2019 7:38:45 PM
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$11.84 +$0.62 (5.53%)
First Quarter Highlights
Based on 56,775 ounces of palladium sold, revenue for the quarter increased to $128.3 million compared to $86.6 million for the same period in 2018; the highest quarterly revenue in the Company’s history.
Net income was $29.5 million or $0.50 per share, compared to $4.6 million or $0.08 per share reported for Q1 2018.
Cash provided from operations was $75.8 million; free cash flow was $46.8 million.
Adjusted EBITDA1 increased to $61.6 million up from $28.4 million in Q1 2018.
The Company’s total cash balance on its credit facility of $37.0 million was eliminated during the quarter.
The Company’s board of directors is pleased to announce an increase in the quarterly dividend from $0.03 to $0.10 per share to common shareholders of record on June 1, 2019.
$11.84 +$0.62 (5.53%)
First Quarter Highlights
Based on 56,775 ounces of palladium sold, revenue for the quarter increased to $128.3 million compared to $86.6 million for the same period in 2018; the highest quarterly revenue in the Company’s history.
Net income was $29.5 million or $0.50 per share, compared to $4.6 million or $0.08 per share reported for Q1 2018.
Cash provided from operations was $75.8 million; free cash flow was $46.8 million.
Adjusted EBITDA1 increased to $61.6 million up from $28.4 million in Q1 2018.
The Company’s total cash balance on its credit facility of $37.0 million was eliminated during the quarter.
The Company’s board of directors is pleased to announce an increase in the quarterly dividend from $0.03 to $0.10 per share to common shareholders of record on June 1, 2019.
The information provided is for information only and does not constitute, and should not be construed as ............................................
investment advice or a recommendation to buy, sell, or otherwise transact.
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