Calumet Q4 net loss $40.7M; sells Royal Purple industrial for $110M

Calumet, Inc. /DE

2024-FY EPS reported -$2.67 revenue$4,189,400,000

Net loss $40.7M ($0.47 EPS) in Q4; FY net loss $222.0M vs $48.1M income prior year.
Adjusted EBITDA Q4 $56.6M (up from $39.7M); FY $194.8M (down from $260.5M).
Royal Purple industrial assets sold for $110M; proceeds to pay down debt; close expected H1 2025.
Montana Renewables drew ~$782M from $1.44B DOE loan; Calumet invested additional $150M equity.
Performance Brands segment vol up 15% YoY; SPS segment Adjusted EBITDA fell to $43.4M from $75.6M.

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