other material
confidence low
sentiment negative
materiality 0.50
Calumet discloses pro forma net loss of $80.7M for H1 2024 after conversion
Calumet, Inc. /DE
- Pro forma net loss of $80.7M ($0.94 EPS) for six months ended June 30, 2024.
- Pro forma net income of $47.1M ($0.55 EPS) for year ended Dec 31, 2023.
- Conversion from partnership to corporation completed July 10, 2024.
- Pro forma adjustments include $3-5M conversion costs and $159M deferred tax asset with full valuation allowance.