Broder Bros. Co. Announces Fourth Quarter and Fiscal Year Results
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For the fourth quarter 2009, the company reported earnings before interest expense, income taxes, other financing costs, goodwill and trade name impairment charges, the gain on troubled debt restructuring, depreciation and amortization (EBITDA) of $3.7 million compared to EBITDA of $7.3 million for the fourth quarter 2008. A reconciliation of EBITDA to net loss is set forth at the end of this press release. Results include the impact of certain restructuring and other highlighted charges discussed below. Excluding these charges, EBITDA was $5.5 million for the fourth quarter 2009 and $7.5 million for the fourth quarter 2008.
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