Benzinga | Aug 4, 2020 05:22PM EDT

Recap: Trecora Resources Q2 Earnings

Shares of Trecora Resources (NYSE:TREC) were unchanged after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 170.00% year over year to ($0.07), which missed the estimate of ($0.06).

Revenue of $40,674,000 declined by 41.37% year over year, which missed the estimate of $49,100,000.

Guidance

Trecora Resources hasn't issued any earnings guidance for the time being.

Trecora Resources hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $9.48

Company's 52-week low was at $4.23

Price action over last quarter: Up 23.31%

Company Description

Trecora Resources manufactures specialty petrochemical products and synthetic waxes and provides custom processing services. The company operates in two segments namely manufacturing of various specialty petrochemical products and the manufacturing of specialty synthetic waxes. Its petrochemical products can be used for producing polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands. The specialty synthetic waxes are used in many different products, including paints, inks, adhesives, coatings, and PVC lubricants. It derives maximum revenue from its petrochemical offerings. Geographically, the company operates in the United States.