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Trecora Resources Announces Fourth Quarter and Full Year 2020 Results

Trecora Resources Announces Fourth Quarter and Full Year 2020 Results - Full year net income of $31.2 million (which includes the net gain from the sale of AMAK of $26.2 million) compared to net loss of $15.0 million in 2019 - Full year 2020 Adjusted EBITDA from continuing operations of $21.6 million - Paydown of $37.4 million of debt in 2020; Bank debt of $46.1 million vs. $83.3 million at end of December 2019; Total cash balance of $55.7 million at year-end - Portfolio of growth projects delivered $4.5 million in EBITDA in 2020 - Launching $20 million share repurchase program - Conference call at 10:00 am ET, March 9, 2021 News provided by Share this article Share this article

Trecora Resources Announces Fourth Quarter and Full Year 2020 Results

Trecora Resources Announces Fourth Quarter and Full Year 2020 Results
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Laureate Education Reports Financial Results for the Fourth Quarter and Full-Year 2020

Company Provides Update on its Strategic Review, Outlines 2021 Operational Priorities and Provides Outlook through 2022 /EIN News/ BALTIMORE, Feb. 25, 2021 (GLOBE NEWSWIRE) Laureate Education, Inc. (NASDAQ: LAUR) today announced financial results for the fourth quarter and the year ended December 31, 2020. Unless indicated otherwise, the results presented below relate to Continuing Operations, which encompass Laureate s operations in Mexico and Peru, as well as Laureate s Corporate overhead expenses. Fourth Quarter 2020 Highlights (compared to fourth quarter 2019): On a reported basis, revenue decreased 19% to $285.2 million. On an organic constant currency basis¹, revenue decreased by 13%. Operating income for the fourth quarter decreased by $20.4 million, or 36%, to $36.9 million.

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