Brief: Phibro Animal Health Posts Qtrly EPS Of $0.33

Phibro Animal Health

07/05/2020 23:22

May 7 (Reuters) - Phibro Animal Health Corp  PAHC.O :
    * QTRLY NET SALES OF $211 MILLION, AN INCREASE OF $5
MILLION, OR
2%
    * QTRLY DILUTED EPS OF $0.33
    * QTRLY ADJUSTED DILUTED EPS OF $0.38
    * FOR MARCH QUARTER, OUR ANIMAL HEALTH SALES GREW AT A
HEALTHY 8%
RATE
    * PHIBRO ANIMAL HEALTH - FOR JUNE QUARTER, SEEING
UNPRECEDENTED
DEMAND DISRUPTION AND PRODUCTION IMPACTS IN GLOBAL FOOD ANIMAL
INDUSTRY, DUE TO COVID-19
    * PHIBRO ANIMAL HEALTH - ANTICIPATE DECLINE IN DEMAND FOR
PRODUCTS
IN JUNE QUARTER, AS OUR CUSTOMERS ATTEMPT TO NAVIGATE RAPIDLY
EVOLVING MARKET CONDITIONS
    * WITHDRAWAL OF GUIDANCE FOR OUR FISCAL YEAR 2020
    * BELIEVE CURRENT DIFFICULT SITUATION WILL BEGIN TO
NORMALIZE IN
SECOND HALF OF CALENDAR 2020
    * Q3 EARNINGS PER SHARE VIEW $0.34, REVENUE VIEW $208.3
MILLION --
REFINITIV IBES DATA
    * BELIEVE WE EXPERIENCED ONLY A MODEST BENEFIT FROM CUSTOMER
STOCKING IN QUARTER

Source text for Eikon:  ID:nBw2Qb1Xba 
Further company coverage:  PAHC.O 

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