Arq reports Q2 EPS (5c), consensus (2c)

Reports Q2 revenue $28.58M, consensus $25.55M. “Successful commissioning of our first GAC line at Red River represents a significant milestone for Arq (ARQ), our customers and shareholders,” said Bob Rasmus, CEO of Arq. “When combined with our second quarter results, this represents significant progress in our continued transformation of Arq’s business lines as well as present and future financial performance. Meanwhile, our foundational PAC business delivered another solid quarter with further sustained price improvements and our fifth consecutive quarter of positive adjusted EBITDA. These results provide further evidence of the successful and sustained turnaround of this business. This performance provides us with the foundation needed to capitalize on the exceptional GAC market opportunity we see ahead.”