Calumet, Inc. Releases Second Quarter 2024 Financial Performance
Friday, 9 August 2024, 05:24
Calumet, Inc. Financial Performance
Calumet, Inc. has reported its second quarter of 2024 performance, facing a net loss of $39.1 million, which translates to a basic net loss of $0.48 per unit. This indicates challenges the company has faced during the quarter.
Financial Highlights
- Adjusted EBITDA stands at $66.8 million.
- Conversion projects have been successfully completed, which are aimed at improving operational capacity.
Despite the net loss reported, the successful implementation of strategic initiatives points to potential for future growth. Investors should monitor the company's subsequent performance closely.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.