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BRIEF-Ipl Plastics Reports Q4 Adj EPS Of $0.11

Published 2019-03-15, 08:34 a/m
BRIEF-Ipl Plastics Reports Q4 Adj EPS Of $0.11
IPLP
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March 15 (Reuters) - Ipl Plastics Inc IPLP.TO :

* . REPORTS FOURTH QUARTER AND FISCAL 2018 FINANCIAL RESULTS

* Q4 ADJUSTED EARNINGS PER SHARE $0.11

* Q4 REVENUE ROSE 21.4 PERCENT TO $162 MILLION

* Q4 EARNINGS PER SHARE VIEW $0.06, REVENUE VIEW $151.6 MILLION -- REFINITIV IBES DATA

* RESIN PRICES ARE EXPECTED TO REMAIN RELATIVELY STABLE IN NEAR TERM.

* RPS DIVISION IS EXPERIENCING TEMPORARY DELAYS IN Q1 2019 IN SECURING AGRICULTURAL BIN SALES

* ADJUSTED EBITDA FOR RPS DIVISION FOR FISCAL 2019 IS EXPECTED TO BE AT LEAST IN LINE WITH FISCAL 2018.

* SIGNING OF A SHARE PURCHASE AGREEMENT TO ACQUIRE LOOMANS GROUP N.V. FOR A TOTAL CONSIDERATION OF $85.5 MILLION

* DEAL FINANCED BY EXISTING CASH RESOURCES AND CREDIT FACILITIES

* ACQUISITION IS EXPECTED TO BE MID TO HIGH SINGLE DIGIT ACCRETIVE IN FISCAL 2019.

* IN FISCAL 2018 LOOMANS HAD ADJUSTED EBITDA MARGINS OF APPROXIMATELY 20% ON REVENUE OF $57.0 MILLION

* IPL PLASTICS SEES 2019 CASH OUTFLOW WITH RESPECT TO CAPITAL PURCHASES OF PROPERTY, OTHERS TO DECREASE SIGNIFICANTLY VERSUS 2018, BE IN RANGE OF $32.5 MILLION-$37.5 MILLION

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