U.S. Markets closed

Innophos posts 4Q profit

CRANBURY, N.J. (AP) _ Innophos Holdings Inc. (IPHS) on Tuesday reported fourth-quarter net income of $9.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Cranbury, New Jersey-based company said it had net income of 47 cents. Earnings, adjusted for non-recurring costs, were 52 cents per share.

The phosphorous supplier posted revenue of $167.8 million in the period.

For the year, the company reported profit of $48 million, or $2.44 per share. Revenue was reported as $725.3 million.

Innophos shares have dropped almost 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $49.70, a climb of 74 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IPHS at https://www.zacks.com/ap/IPHS


Keywords: Innophos Holdings, Earnings Report