Edition:
United Kingdom

Covia Q3 Loss Per Share $2.20 From Continuing Operations


Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Covia Holdings Corp ::COVIA ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 LOSS PER SHARE $2.20 FROM CONTINUING OPERATIONS.Q3 REVENUE $523.4 MILLION VERSUS I/B/E/S VIEW $612.9 MILLION.Q3 EARNINGS PER SHARE VIEW $0.32 -- THOMSON REUTERS I/B/E/S.ALL IN-BASIN PLANTS ONLINE AND EXPECTED TO REACH COMBINED 8 MILLION TON ANNUAL PRODUCTION CAPACITY BY Q1 OF 2019.QTRLY VOLUMES OF 8.2 MILLION TONS, DOWN 19% SEQUENTIALLY.COVIA HOLDINGS - PLANS TO IDLE 2 OPERATING FACILITIES IN VOCA, TEXAS BY END OF JAN 2019, RESULTING IN DECREASE OF 1.6 MILLION TONS OF TEXAS GOLD CAPACITY.REMAINING DEMAND FROM VOCA CUSTOMERS IS EXPECTED TO BE TRANSFERRED TO COVIA'S FACILITIES IN WEST TEXAS.Q4 INDUSTRIAL VOLUMES ARE EXPECTED TO BE IN RANGE OF 3.4 MILLION TO 3.5 MILLION TONS. 

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3.09
-0.04 -1.28%
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