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Article: Ames True Temper Reports Third Quarter 2009 Results.
- Article from:
- PR Newswire
- Article date:
- August 4, 2009
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CAMP HILL, Pa., Aug. 4 /PRNewswire/ -- ATT Holding Co., parent of Ames True Temper, Inc., reported today the results of Q3 2009 (thirteen week period ended June 27, 2009).
Third Quarter 2009 Results
Net sales for Q3 2009 were $130.0 million, a 20% decrease over $162.6 million in Q3 2008 (thirteen week period ended June 28, 2008). Net income for Q3 2009 was $9.2 million, compared to net income of $6.0 million for Q3 2008. Adjusted EBITDA (which is reconciled to net income on the attached table) for Q3 2009 was $16.5 million compared to $19.9 million for Q3 2008.
"Q3 revenue was negatively impacted by the continuing weak retail climate, reduced ...