VANCOUVER, British Columbia, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (“Methanex”) announced today that its wholly-owned subsidiary, Methanex US Operations Inc., has launched an offering of US$500 million aggregate principal amount of senior unsecured notes due 2032 (the “notes”) in a private offering (the “Offering”) exempt from the registration requirements of the United States Securities Act of 1933, as amended (the “Securities Act”). The notes will be guaranteed on a ...

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Methanex Corporation (MEOH) logged third-quarter 2024 adjusted earnings of $1.21 per share compared with 2 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of 44 cents.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues rose around 13.6% year over year to $935 million in the quarter. The top line beat the Zacks Consensus Estimate of $920.1 million.Adjusted EBITDA in the reported quarter climbed 105.7% year over year to $216 million.MEOH’s Oper ...

Methanex Corporation (NASDAQ:MEOH) Q3 2024 Earnings Call Transcript November 7, 2024 11:00 AM ET Company Participants Sarah Herriott - Director of Investor Relations Rich Sumner - President and Chief Executive Officer Conference Call Participants James Cannon - UBS Joel Jackson - BMO Capital Markets Steve Hansen - Raymond James Hassan Ahmed - Alembic Global Matthew Blair - TPH Roger Spitz - Bank of America Operator Good morning. My name is Pam, and I will be your conference operator today. At this time, I w ...

Methanex (MEOH) reported $935 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 13.6%. EPS of $1.21 for the same period compares to $0.02 a year ago.The reported revenue represents a surprise of +1.62% over the Zacks Consensus Estimate of $920.1 million. With the consensus EPS estimate being $0.44, the EPS surprise was +175.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Methanex (MEOH) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 175%. A quarter ago, it was expected that this methanol supplier would post earnings of $0.49 per share when it actually produced earnings of $0.62, delivering a surprise of 26.53%.Over the last four quarters, the company ...

Except where otherwise noted, all currency amounts are stated in United States dollars. Financial and Production Highlights Net income attributable to Methanex shareholders of $31 million and Adjusted EBITDA of $216 million in the third quarter. Our average realized price in the third quarter was $356 per tonne compared to $352 per tonne in the second quarter of 2024.Announced the signing of a definitive agreement to acquire OCI Global's international methanol business for approximately $2.05 billion, inclu ...

VANCOUVER, British Columbia, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (“Company”) announced today the successful syndication of acquisition financing to support the earlier announced agreement to acquire OCI Global’s international methanol business (“OCI Acquisition”) for $2.05 billion. The new financing arrangements are with a syndicate of highly rated financial institutions and include: Up to $650 million in Term Loan A commitments which can be drawn upon closing of th ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Methanex (MEOH) . This company, which is in the Zacks Chemical - Diversified industry, shows potential for another earnings beat.When looking at the last two reports, this methanol supplier has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 71.60%, on average, in the last two qua ...

Methanex Corporation (MEOH) agreed to acquire OCI Global's international methanol business for $2.05 billion. The acquisition includes OCI's stakes in two large methanol facilities located in Beaumont, TX, one of which also produces ammonia. MEOH will acquire OCI's low-carbon methanol production and marketing business, along with a currently-idled methanol plant in the Netherlands. Methanex highlighted this acquisition as a significant opportunity to strengthen its global production capacity, particularly b ...