BRIEF-PQ Group Holdings Reports Q1 Adjusted Earnings Per Share Of $0.16

May 5 (Reuters) - PQ Group Holdings Inc :
   * PQ GROUP REPORTS SOLID FIRST QUARTER 2020 RESULTS; PROVIDES COVID-19 UPDATE
   * Q1 SALES $361.6 MILLION VERSUS REFINITIV IBES ESTIMATE OF $356.3 MILLION
   * Q1 ADJUSTED EARNINGS PER SHARE $0.16
   * Q1 EARNINGS PER SHARE $0.00
   * Q1 EARNINGS PER SHARE ESTIMATE $0.10 -- REFINITIV IBES DATA
   * WITHDRAWING SOME PREVIOUSLY ANNOUNCED ANNUAL 2020 FINANCIAL OUTLOOK
   * SEES 2020 ADJUSTED FREE CASH FLOW IN RANGE OF $130 MILLION TO $150 MILLION
   * AT MARCH 31, 2020, HAD TOTAL DEBT OUTSTANDING OF $1,996.8 MILLION
   * SEES 2020 ADJUSTED EBITDA MARGIN IN RANGE OF MID-20 PERCENT
   * LIQUIDITY OF $236.3 MILLION, INCLUDING CASH ON HAND OF $107.7 MILLION AT MARCH 31, 2020
   * Q1 EARNINGS PER SHARE VIEW $0.10 -- REFINITIV IBES DATA
   * IS WELL POSITIONED TO MEET ANTICIPATED FUTURE CASH AND BUSINESS NEEDS DURING THIS PERIOD OF UNCERTAINTY
   * PQ IS UNDERTAKING ADDITIONAL STEPS TO ENHANCE ITS LIQUIDITY BY LOWERING DISCRETIONARY COSTS AND CAPITAL EXPENDITURES
   * PQ GROUP HOLDINGS - WITH RECENT AMENDMENTS & EXTENSIONS OF TERM LOAN AND ABL CREDIT AGREEMENT, HAS NO SIGNIFICANT DEBT MATURITIES PRIOR TO NOV 2022

Source text for Eikon:  Further company coverage:

((Reuters.Briefs@thomsonreuters.com;)