Sunday, March 20, 2016

AgroFresh Earnings Review

The latest fourth-quarter results from produce freshness company AgroFresh Solutions Inc.  didn't produce the kind of violent move created by the third-quarter results presentation, but they were no less dramatic for other reasons.

Following a disappointing opening to life as a listed company, AgroFresh's fourth-quarter results were in line with internal guidance. It also announced, however, the departure of CEO Thomas Macphee, while President Stan Howell will step down at the end of April. Who knew keeping apples fresh could cause so much drama?

AGFS Chart
AGFS data by YCharts.

READ THE FULL EQUITY RESEARCH ARTICLE LINKED