Innophos Holdings Earnings: Here’s Why Shares are Up Now

Innophos Holdings Inc (NASDAQ:IPHS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.37%.

Innophos Holdings Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 2.47% to $0.79 in the quarter versus EPS of $0.81 in the year-earlier quarter.

Revenue: Decreased 0.55% to $213 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Innophos Holdings Inc reported adjusted EPS income of $0.79 per share. By that measure, the company beat the mean analyst estimate of $0.78. It missed the average revenue estimate of $227.35 million.

Quoting Management: Randy Gress, CEO of Innophos, commented on the results, “We made substantial progress in the quarter delivering against our strategic goals. Volume growth in the US/Canada business continued to improve on solid execution from our growth strategy. In Mexico, we largely completed the short-term production improvement program to address the premature equipment failure that manifested itself in the first quarter, driving an improving trend throughout the second quarter, resulting in our Coatzacoalcos facility operating at its expected production rate with good performance for the entire month of June.”

Key Stats (on next page)…

Revenue decreased 0.67% from $214.44 million in the previous quarter. EPS increased 31.67% from $0.60 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1 to a profit $0.91. For the current year, the average estimate has moved down from a profit of $3.69 to a profit of $3.16 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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