CES Printed Record $714 Million of Chemical Sales. Net Income Still Fell on the Bond Call
On August 6 CES said second-quarter revenue hit a record $714.1 million and adjusted EBITDAC hit $119.2 million, a 16.7 percent margin. Free cash flow was $25.0 million. Net income was $38.5 million, down 26 percent, after the June redemption of the 6.875 percent notes. The dividend is $0.055, payable October 15.