Revenue Update on Innophos Holdings(NASDAQ:IPHS)

Innophos Holdings(NASDAQ:IPHS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $181.89M. Analysts estimated a revenue of $199.70M. Earnings per share were $0.63. Analysts had estimated an EPS of $0.57.

Innophos Holdings (IPHS) made into the market gainers list on Mondays trading session with the shares advancing 1.15% or 0.47 points. Due to strong positive momentum, the stock ended at $41.41, which is also near the day’s high of $41.47. The stock began the session at $40.95 and the volume stood at 96,821 shares. The 52-week high of the shares is $51.99 and the 52 week low is $22.06. The company has a current market capitalization of $805 M and it has 1,94,30,290 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 24, 2016, Joseph Golowski (VP-Specialty Ingredients) sold 5,000 shares at $40.46 per share price.Also, On May 24, 2016, Robert J Zatta (director) purchased 1,000 shares at $37.11 per share price.On Feb 25, 2016, John M Steitz (director) purchased 10,000 shares at $26.95 per share price, according to the Form-4 filing with the securities and exchange commission.

Innophos Holdings Inc. is a producer of performance-critical and nutritional specialty ingredients with applications in food beverage dietary supplements pharmaceutical oral care and industrial end markets. The Company also provides bioactive mineral and nutritional ingredients. Bioactive mineral ingredients are mineral based ingredients for food beverage and dietary supplement end markets that are manufactured to be readily digestible. The Company has four product lines: Specialty Ingredients; Food and Technical Grade Purified Phosphoric Acid (PPA); Technical Grade Sodium Tripolyphosphate (STPP) and Detergent Grade PPA and Granular Triple Super Phosphate (GTSP) and other. The Company also produces a range of botanical enzyme and mineral-based ingredients through a variety of production processes customized through spray drying roller compactions grinding wet granulations solvent extractions and custom blending resulting in over 2000 product formulations.

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