February 18, 2010 / 11:40 PM / 8 years ago

UPDATE 1-Superior Plus Q4 profit misses estimates

* Q4 EPS C$0.18 vs est C$0.40

* Rev up about 14 pct

* Cuts 2010 adj operating cash flow per share outlook

Feb 18 (Reuters) - Superior Plus Corp (SPB.TO) reported a quarterly profit that missed market expectations, hurt by lower demand, and cut its 2010 adjusted operating cash flow outlook.

Superior Plus, whose services span from energy to specialty chemicals, said its results were hurt as its Port Edwards chloralkali facility did not reach full capacity until late December and due to reduced propane sales volume.

The company also said it was eyeing additional consolidation opportunities within its existing businesses.

For the fourth quarter, net income was C$17.4 million ($16.62 million), or 18 Canadian cents a share, compared with a loss of C$19.9 million, or 23 Canadian cents a share, a year earlier.

Revenue rose about 14 percent to C$747.5 million, spurred mainly by higher sales at the energy services segment.

Analysts on average were expecting earnings of 40 Canadian cents a share, on revenue of C$648.4 million, according to Thomson Reuters I/B/E/S.

For 2010, the company cut its outlook for adjusted cash flow from operations to a range of C$1.95 to C$2.15 per share, down from C$2.05 and C$2.25 per share forecast earlier.

Shares of the Calgary, Alberta-based company closed down 7 Canadian cents at C$14.01 on the Toronto Stock Exchange.

($1=1.047 Canadian Dollar)

Reporting by Gowri Jayakumar in Bangalore; Editing by Ratul Ray Chaudhuri

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