|March 12, 2014|
|07:33 EDT||KMG||KMG Chemicals reports Q2 EPS ex-items 12c vs. 18c last year|
Reports Q2 revenue $84.3M vs. $56.96M last year. The company said, "The sales increase reflected the addition of the Ultra Pure Chemicals business, acquired in May 2013."
News For KMG From The Last 14 Days
|October 14, 2014|
|16:58 EDT||KMG||KMG Chemicals files to delay 10-K|
The company said, "The principal reason that we cannot file our annual report on Form 10-K within the prescribed period without unreasonable effort is that we have not yet completed managementís assessment of the effectiveness of our internal controls over financial reporting. The process was more time-consuming than anticipated, because of a reliance on many manual processes and the significant effort to document and test internal controls across the subsidiaries in Europe and Asia that were part of our ultra pure chemicals acquisition in May 2013. We expect that we will be able to complete the work necessary to file our Form10-K for the fiscal year ended July 31, 2013 within the fifteen day extension period provided by Rule 12b-25."
|07:33 EDT||KMG||KMG Chemicals sees FY15 consolidated net sales flat vs. FY14|
One est. $357.5M. Sees moderate growth in the Electronic Chemicals segment likely offset by potential weakness in the Wood Treating Chemicals segment. Excluding restructuring and realignment charges, fiscal 2015 adjusted EBITDA is forecast to be $32-35 million. Fiscal 2015 depreciation and amortization expense is forecast at approximately $16 million. Fiscal 2015 capital expenditures are forecast at $14-16 million, including expenses related to our ERP system implementation and UPC integration.
|07:32 EDT||KMG||KMG Chemicals sees incurring $3.2M-$5M in realignment charges in FY15|
The company estimates incurring $3.2-$5.0 million in realignment charges in fiscal 2015, including $1.5-$3.0 million for decommissioning of equipment and $1.7-$2.0 million in non-cash charges for accelerated depreciation. Starting in fiscal 2016, the Company projects annual savings of $1.0-$3.0 million from the HF manufacturing realignment.
|07:32 EDT||KMG||KMG Chemicals reports Q4 adjusted EPS 27c vs. 28c last year|
Reports Q4 revenue $91.2M vs. $81.09M last year.
|October 13, 2014|
|16:31 EDT||KMG||KMG Chemicals announces realignment of hydrofluoric acid operations|
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