Calumet, Inc. (CLMT) Friday reported net loss of $40.7 million or $0.47 per share for the fourth quarter, lower than $48 million or $0.59 per share loss in the same quarter a year ago, primarily helped by lower expenses.
Sales for the quarter, however, declined to $949.5 million from $976.5 million in the previous year.
On average, 3 analysts expected the company to report a loss of $0.37 per share on revenue of $921.76 million for the quarter. Analysts' estimates typically exclude special items.
Additionally, the company has agreed to sell assets related to the industrial portion of its Royal Purple business, for $110 million to a unit of Lubrication Engineers, Inc., a portfolio company of Aurora Capital Partners. Calumet will retain the consumer portion of the Royal Purple business and the Royal Purple production facility in Porter, TX.
The company intends to use the proceeds from the transaction, which is expected to close in the first half of 2025, to mainly pay down debts.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.