Methanex (MEOH) Tops Q4 EPS by 42c

Methanex (NASDAQ: MEOH) reported Q4 EPS of $1.70, $0.42 better than the analyst estimate of $1.28. Revenue for the quarter came in at $861 million versus the consensus estimate of $780.33 million.

"These record results enabled us to return $388 million to shareholders in 2017 through our regular dividend and the repurchase of 10% of the public float, or 6.2 million shares. I am pleased to announce that the Board of Directors has approved a 10% increase to the quarterly dividend to shareholders, to $0.33 per share from $0.30 per share. Our cash position and liquidity are strong and it is our intention to initiate a new 10% normal course issuer bid in March 2018, which is the earliest timing allowed under Canadian securities legislation."

For earnings history and earnings-related data on Methanex (MEOH) click here.

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