Diamond Triumph Auto Glass, Inc. Second Quarter Results
10 August 2000
Diamond Triumph Auto Glass, Inc. Announces Second Quarter 2000 Results
KINGSTON, Pa., Aug. 10 Diamond Triumph Auto Glass, Inc.
announced today that net sales for the six months ended June 30, 2000,
increased $9.0 million, or 10.6%, to $93.8 million as compared to
$84.8 million for the six months ended June 30, 1999. Net sales for the
second quarter ended June 30, 2000, increased by $5.9 million, or 13.6%, to
$49.2 million from $43.3 million for the second quarter of 1999. EBITDA for
the first six months of 2000 increased by $1.4 million, or 13.0%, to
$12.2 million from $10.8 million for the first six months of 1999. EBITDA for
the second quarter of 2000 increased $1.3 million, or 24.1%, to $6.7 million
from $5.4 million for the second quarter of 1999.
Diamond Triumph Auto Glass, Inc.
($ in Millions)
Six Months Ended Three Months Ended
June 30, June 30,
2000 1999 2000 1999
(unaudited) (unaudited)
Net Sales $93.8 $84.8 $49.2 $43.3
Cost of Sales 29.3 26.1 15.4 13.2
Gross Profit 64.5 58.7 33.8 30.1
Operating Expenses 53.8 49.2 27.8 25.4
Income From Operations $10.7 $9.5 $6.0 $4.7
Net Income Before
Extraordinary Item $3.2 $2.4 $2.0 $1.2
Extraordinary Loss on
Extinguishment
of Debt, Net of Taxes 0.5 0.0 0.0 0.0
Net Income $2.7 $2.4 $2.0 $1.2
EBITDA (A) $12.2 $10.8 $6.7 $5.4
Cash Interest $5.0 $5.1 $2.4 $2.6
Total Long-Term Debt $101.5 $107.5 $101.5 $107.5
(A) EBITDA represents income before taxes, interest expense,
depreciation and amortization expense.
Diamond Triumph Auto Glass, Inc. headquartered in Kingston, P.A., is a
leading provider of automotive glass replacement and repair services. Diamond
operates a network of 228 automotive glass service centers, over 1,000 mobile
installation vehicles and four distribution centers in 39 states.