Calumet Specialty Products ( (CLMT) ) has released its Q1 earnings. Here is a breakdown of the information Calumet Specialty Products presented to its investors.
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Calumet Specialty Products, headquartered in Indianapolis, Indiana, manufactures and markets a diverse range of specialty branded products and renewable fuels across various consumer and industrial markets. In its first quarter of 2025, Calumet reported a net loss of $162 million, equating to a basic loss per share of $1.87. Despite this, the company achieved an Adjusted EBITDA with Tax Attributes of $55 million, aided by a $16.9 million Production Tax Credit. Key strategic moves included the sale of the Royal Purple® industrial business for $110 million and securing a $782 million Department of Energy loan to bolster its Montana Renewables segment. The company also announced a partial redemption of its 2026 Notes and a cost reduction plan that saved $22 million year-over-year. Calumet’s Specialty Products and Solutions segment reported an Adjusted EBITDA of $56.3 million, reflecting strong sales and cost reductions. The Performance Brands segment saw a 7% increase in sales volume, contributing to an Adjusted EBITDA of $15.8 million. Meanwhile, the Montana/Renewables segment improved its financial performance with an Adjusted EBITDA of $3.3 million, despite challenging market conditions. Looking ahead, Calumet’s management remains focused on strategic growth, particularly in the renewables sector, with plans to expand its SAF capacity significantly by 2026, positioning the company for potential future success.