Diamond Triumph Auto Glass, Inc. Announces Q1 2000 Results
10 May 2000
Diamond Triumph Auto Glass, Inc. Announces First Quarter 2000 ResultsKINGSTON, Pa., May 10 Diamond Triumph Auto Glass, Inc. announced today that net sales for the quarter ended March 31, 2000 increased $3.3 million, or 8.0%, to $44.7 million as compared to $41.4 million for the quarter ended March 31, 1999. EBITDA for the first quarter of 2000 increased by $0.1 million, or 1.9%, to $5.5 million from $5.4 million for 1999. Diamond Triumph Auto Glass, Inc. ($ in Millions) Three Months Ended March 31, 2000 1999 (unaudited) Net Sales $44.7 $41.4 Cost of Sales 13.9 12.8 Gross Profit 30.8 28.6 Operating Expenses 26.0 23.8 Income From Operations $4.8 $4.8 Net Income Before Extraordinary Item $1.2 $1.3 Extraordinary Loss on Extinguishment of Debt, Net of Taxes 0.5 0.0 Net Income $0.7 $1.3 EBITDA (a) $5.5 $5.4 Cash Interest $2.6 $2.5 Total Long-Term Debt $102.5 $105.5 (a) EBITDA represents income before taxes, interest expense, depreciation and amortization expense.