Thursday, March 23, 2017

AgroFresh Earnings Review

AgroFresh Solutions (NASDAQ:AGFS) needed to steady the ship after a difficult few quarters. After discussing increasing market competition for its core SmartFresh product and lowering its forecast for the U.S. apple harvest in 2016 on the third-quarter results presentation, management was under pressure to demonstrate it was back on track in the fourth quarter. The good news is that AgroFresh pretty much did that. In addition, management outlined some strategic actions taken to create growth. Let's analyze what happened in the quarter.

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