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(MILLIONS EXCEPT EARNINGS PER SHARE) |
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QUARTERS ENDED MARCH 31 |
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1999 |
1998 |
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(Unaudited) |
(Unaudited) |
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INCOME STATEMENT DATA: |
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NET SALES |
$157.4 |
$156.5 |
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OPERATING EXPENSES: |
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COST OF SALES |
$136.0 |
$132.5 |
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DEPRECIATION & AMORTIZATION |
$6.8 |
$7.5 |
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SELLING, GEN'L & ADMIN. |
$7.9 |
$9.3 |
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TOTAL OPERATING EXPENSES |
$150.7 |
$149.3 |
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OPERATING PROFIT |
$6.7 |
$7.2 |
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EQUITY IN EARNINGS OF AFFILIATES |
$0.2 |
$0.0 |
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EARNINGS BEFORE INTEREST & TAXES (EBIT) |
$6.9 |
$7.2 |
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INTEREST EXPENSE |
$7.0 |
$7.1 |
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INCOME (LOSS) BEFORE TAXES |
($0.1) |
$0.1 |
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INCOME TAX PROVISION |
$0.0 |
$0.1 |
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MINORITY INTEREST |
$0.1 |
$0.2 |
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NET INCOME |
($0.2) |
($0.2) |
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DILUTED EARNINGS PER SHARE |
($0.11) |
($0.10) |
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EBITDA: |
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EARNINGS BEFORE INTEREST & TAXES |
$6.9 |
$7.2 |
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PLUS DEPRECIATION & AMORTIZATION |
$6.8 |
$7.5 |
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NON-CASH EQUITY INCOME |
$0.8 |
$0.0 |
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EARNINGS BEFORE INTEREST, TAXES |
$14.5 |
$14.7 |
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DEPRECIATION & AMORTIZATION (EBITDA) |
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OTHER DATA: |
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CAPITAL EXPENDITURES |
$3.0 |
$2.7 |
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TOTAL DEBT |
$333.0 |
$334.4 |
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EQUITY DIVIDENDS |
$1.0 |
$0.0 |
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