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/PRNewswire/ Trecora Resources ("Trecora" or the "Company") (NYSE: TREC), a leading provider of specialty hydrocarbons and specialty waxes, today announced.
Trecora Resources Announces Second Quarter 2021 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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
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