Platform Specialty Products Posts Loss In Q1 - Quick Facts

(RTTNews) - Platform Specialty Products Corp. (PAH) has incurred $5.9 million of net loss in the first quarter of 2014, versus an income of $15.3 million in the 2013 period.

Excluding one-time charges primarily related to the elimination of manufacturer's profit in inventory as well as a non-cash fair value adjustment to contingent consideration, at a normal tax rate of 33%, adjusted net income for the latest quarter was $23.2 million. Adjusted earnings per share were $0.17 for the 2014 first quarter.

Platform reported net sales of $183.7 million for the quarter, up 1.0% compared to $182.1 million in net sales for MacDermid, Incorporated, in the year-ago period.