Rentech, Inc. announced results for the 1Q ended March 31, 2017. Consolidated revenues from continuing operations for the 1Q 2017 were $32.2 million, as compared to $39.9 million in the prior year period, the company said in the press release received by Lesprom Network.
Gross loss from continuing operations for the 1Q 2017 was $(0.7) million, as compared to gross profit of $0.1 million in the prior year period. Operating loss from continuing operations for the 1Q 2017 was $(31) million, as compared to $(10) million in the prior year period.
Consolidated Adjusted EBITDA loss from continuing operations for the 1Q 2017 was $(6.1) million, as compared to $(3.9) million in the prior year period.
Net loss attributable to Rentech common shareholders for the 1Q 2017 was $(34.3) million, or net loss of $(1.48) per basic share, of which $(1.48) per basic share was contributed by continuing operations and $0.00 per basic share was generated by discontinued operations. This compared to a net loss of $(10.2) million, or a net loss of $(0.44) per basic share, of which $(0.54) per basic share was generated by continuing operations and $0.10 per basic share was contributed by discontinued operations, for the same period last year.
Rentech, Inc. owns and operates wood fibre processing and wood pellet production businesses. Rentech offers a full range of integrated wood fibre services, including wood chipping services, operations, marketing, trading and vessel loading, through its subsidiary, Fulghum Fibres.
