KMG Chemicals Expects Flat Earnings

KMG Chemicals says it expects fiscal second-quarter net income to be flat with the year-ago period, at $2.4 million, or 21 cts/share. The company’s fiscal second-quarter ended on January 31. Earnings are expected to be flat due to about $1.5 million in non-recurring charges, related to waste disposal costs at an Alabama plant, shuttering operations at a facility in Mexico, and exiting a tolling arrangement in the company’s electronic chemicals segment.   “Overall demand for our products remains healthy, we are realizing the anticipated...

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