Broder Bros. Co. Announces Second Quarter 2009 Results
Trevose, Pennsylvania-based Broder Bros. Co. announced results for its second quarter ended June 27, 2009.
Second Quarter 2009 Results Compared to Second Quarter 2008
Second quarter 2009 net sales were $177.7 million compared to $257.6 million for the second quarter 2008. Income from operations for the second quarter 2009 was $1.0 million compared to income from operations of $8.5 million for the second quarter 2008. Including an extraordinary gain of $19.9 million in the second quarter 2009 resulting from the exchange of senior notes, net income was $15.2 million compared to a net loss of $0.7 million for the second quarter 2008. For the second quarter 2009, the company reported earnings before interest, other financing costs, taxes, depreciation, amortization and the extraordinary item (EBITDA) of $5.4 million compared to EBITDA of $13.3 million for the second quarter 2008. A reconciliation of EBITDA to net income (loss) is set forth at the end of this press release.
- Companies:
- Alpha Industries
- Broder Bros.