Brief: Adams Resources & Energy Announces Results For First Quarter 2020 And Declares Quarterly Dividend

Adams Resources & Energy

07/05/2020 22:27

May 7 (Reuters) - Adams Resources & Energy Inc  AE.A :
    * ADAMS RESOURCES & ENERGY, INC. ANNOUNCES RESULTS FOR FIRST
QUARTER 2020 AND DECLARES QUARTERLY DIVIDEND
    * Q1 LOSS PER SHARE $2.69
    * Q1 REVENUE $353.5 MILLION VERSUS $445.2 MILLION
    * Q1 ADJUSTED EARNINGS PER SHARE $1.81
    * INCURRED AN INVENTORY VALUATION LOSS OF APPROXIMATELY
$24.2
MILLION DURING Q1 OF 2020
    * DECLARED A QUARTERLY CASH DIVIDEND FOR Q1 OF 2020 IN
AMOUNT OF
$0.24 PER COMMON SHARE
    * QTRLY TOTAL REVENUES $353.5 MILLION VERSUS $445.2 MILLION

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