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Results include the impact of certain restructuring and other highlighted charges discussed below. Excluding these highlighted charges, adjusted EBITDA was $7.0 million for the third quarter 2009 and $13.3 million for the third quarter 2008.
Third quarter 2009 revenue was 23.5 percent lower than third quarter 2008. The company’s unit shipments were 22 percent less than the prior year compared to a 12 percent decline in overall industry unit shipments as reported by STARS, meaning more than half of the company’s revenue decline was due to market contraction as a result of the recession in the U.S. and less than half of the revenue decline was due to market share loss.
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- Companies:
- Broder Bros.
- Places:
- Pennsylvania
- Trevose
- U.S.
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