Chemtrade Logistics Income Fund announced earnings results for the first quarter ended March 31, 2013. Distributable cash after maintenance capital expenditures for the first quarter was $27.0 million, or $0.65 per unit compared to $24.3 million or $0.58 per unit a year ago. Revenue was $210.0 million compared to $227.9 million a year ago. During the first quarter of 2013 and the comparable period of 2012, distributable cash benefited from maintenance capital expenditures being lower than the anticipated annual run rate. Adjusted cash flows from operating activities for the period were $29.6 million compared to $27.5 million a year ago. The primary reason for the decrease in Revenue was lower revenues in the International segment. EBITDA for the first quarter was $35.2 million compared with $34.2 million in the first quarter of 2012. The improvement in EBITDA was mainly due to higher sales volumes of sulphuric acid and slightly improved margins for several products within the SPPC segment. Net earnings were $4.3 million compared with $4.2 million in the same period in 2012. From a net earnings perspective, the positive effects of higher EBITDA and lower finance costs in 2013 were offset by an unrealized foreign exchange loss of $3.1 million in 2013 compared with a gain of $2.7 million in 2012. Maintenance capital expenditures during 2013 are expected to be approximately $35.0 - $40.0 million.

Chemtrade Logistics Income Fund announced that they will report Q1, 2013 results After-Market on May 15, 2013

Chemtrade Logistics Income Fund, Q1 2013 Earnings Call, May 16, 2013