PQ Group Holdings Inc

NYSE:PQG   3:59:59 PM EDT
12.55
+0.04 (+0.36%)
Debt Financing / Related, Divestitures / Spin-offs, Earnings Announcements

PQ Group Holdings Advances Portfolio Strategy Enters Agreement To Sell Performance Materials And Launches Strategic Alternatives Review Process For Performance Chemicals

Published: 10/15/2020 20:41 GMT
PQ Group Holdings Inc (PQG) - Pq Group Holdings Advances Portfolio Strategy: Enters Agreement to Sell Performance Materials and Launches Strategic Alternatives Review Process for Performance Chemicals.
Pq Group Holdings Advances Portfolio Strategy: Enters Agreement to Sell Performance Materials and Launches Strategic Alternatives Review Process for Performance Chemicals.
Pq Group Holdings Inc - Deal for $650 Million.
Pq Group Holdings Inc - to Sell Its Performance Materials Business to an Affiliate of Jordan Company, Lppq Group - to Use After Tax Cash Proceeds From Sale of Performance Materials, Along With Existing Cash Balances, to Reduce Debt by About $460 Million.
Pq Group Holdings Inc - Also Allocating Up to $250 Million, Or $1.84 per Share, to a Planned Special Dividend to Shareholders.
Revenue is expected to be $382.05 Million
Adjusted EPS is expected to be $0.25

Next Quarter Revenue Guidance is expected to be $333.73 Million
Next Quarter EPS Guidance is expected to be $0.16

More details on our Analysts Page.