Calumet Reports Fourth Quarter and Fiscal Year 2024 Results
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Calumet, Inc. reported a net loss of $40.7 million for Q4 2024, with an adjusted EBITDA of $56.6 million. The company announced the sale of its Royal Purple industrial business for $110 million and received initial funds from a DOE loan for Montana Renewables. The Specialties business achieved record sales volume and cost improvements.
February 28, 2025 | 12:15 pm
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Calumet reported a Q4 2024 net loss of $40.7M but showed improvement in adjusted EBITDA. The sale of Royal Purple for $110M and DOE loan funds for Montana Renewables are strategic moves to strengthen financials.
Despite a net loss, Calumet's strategic sale of Royal Purple and DOE loan for Montana Renewables are positive steps towards financial improvement. The record sales in the Specialties business also indicate potential growth.
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