Calumet Specialty Products Partners L.P. trimmed its losses while increasing sales revenue for the quarter ending Dec. 31 and for the full year 2022. Sales for its performance brands segment – which includes packaged and synthetic specialty products – were up 26% in the fourth quarter.
Indianapolis-based Calumet reported a net loss of $75.6 million in the fourth quarter, a reduction from an $87.1 million net loss in the same period in 2021. In 2022, the company reported a $171.8 million net loss, compared to a $260.1 million net loss in 2021.
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