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Renewable Energy Group posts 4Q profit

AMES, Iowa (AP) _ Renewable Energy Group Inc. (REGI) on Tuesday reported fourth-quarter net income of $20.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Ames, Iowa-based company said it had profit of 51 cents. Earnings, adjusted for asset impairment costs, came to 79 cents per share.

The biodiesel producer posted revenue of $560.4 million in the period.

For the year, the company reported net income of $43.5 million, or $1.06 per share, swinging to a profit in the period. Revenue was reported as $2.04 billion.

Renewable Energy Group shares have declined 7 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9, a rise of slightly more than 7 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 REGI at https://www.zacks.com/ap/REGI


Keywords: Renewable Energy Group, Earnings Report