AgroFresh Solutions Inc. Prepares to Harvest Earnings
It was a relatively uneventful quarter for AgroFresh Solutions, Inc. (NASDAQ: AGFS), and that's fine for investors. The company's earnings reports have caused a significant amount of stock price volatility in the past. However, this time around the results were pretty much as expected, and investors slept soundly after them. That said, what really matters for the company are the upcoming quarters (which contain the northern hemisphere fruit harvest). With this in mind, let's take a look at the results and commentary from the second-quarter earnings report.
Starting with headline numbers from the quarter:
Superficially, the results are disappointing, but AgroFresh's results are subject to what CEO Jordi Ferre described on the earnings call as "seasonal timing differences that can shift revenue between quarters in the southern hemisphere." With regard to 2017, it's better to consider AgroFresh's results on a first-half basis, because revenue that might usually be reported in the second quarter was shifted into the first quarter this year.
Source: Fool.com
