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.
Diamond Triumph Auto Glass, Inc. headquartered in Kingston, PA, 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.
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