May 3 (Reuters) - ZCL Composites Inc ZCL.TO :
* ZCL COMPOSITES REPORTS Q1 2018 FINANCIAL RESULTS & SPECIAL DIVIDEND
* Q1 EARNINGS PER SHARE C$0.02
* Q1 REVENUE C$31.9 MILLION VERSUS C$31.7 MILLION
* QTRLY BACKLOG WAS $44.9 MILLION AS AT MARCH 31, 2018, DOWN $5.9 MILLION OR 12%, FROM $50.8 MILLION A YEAR EARLIER
* SPECIAL DIVIDEND OF $0.40 PER SHARE TO BE PAID ON JUNE 15, 2018 TO SHAREHOLDERS OF RECORD ON MAY 31, 2018
* PROVIDING AN UPDATE ON A RECENTLY COMPLETED CONFIDENTIAL REVIEW OF VARIOUS VALUE MAXIMIZING STRATEGIES FOR COMPANY
* ALTHOUGH CEO SUCCESSION PROCESS IS PROGRESSING WELL, IT HAS BEEN DELAYED BY STRATEGIC OPTIONS REVIEW
* EXPECT IMPROVED RESULTS IN Q2 COMPARED WITH Q1 OF 2018
* FOR THE FULL YEAR OF 2018 EXPECT REVENUE TO INCREASE FROM THE MODEST GROWTH LEVELS ACHIEVED IN 2017
* TO ENSURE A SMOOTH TRANSITION, CURRENT PRESIDENT AND CEO, RON BACHMEIER WILL REMAIN IN ROLE UNTIL JUNE 30, 2018