Methanex's (MEOH) Q2 Earnings Beat Estimates, Sales Miss
MEOHMethanex(MEOH) ZACKS·2024-07-31 19:56

Methanex Corporation (MEOH) logged second-quarter 2024 adjusted earnings of 62 cents per share compared with 60 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of 49 cents.Revenues declined around 2.1% year over year to 920millioninthequarter.ThetoplinealsomissedtheZacksConsensusEstimateof920 million in the quarter. The top line also missed the Zacks Consensus Estimate of 986.4 million.Adjusted EBITDA in the reported quarter rose 2.5% year over year to $164 million.Operational HighlightsProduction in the quarter totaled 1,422,000 tons, ...