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Article: Boots & Coots Reports Second Quarter Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- August 10, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company Resumes Operations in Venezuela
HOUSTON -- Boots & Coots, Inc. (NYSE: WEL), announced revenues of $47.0 million for the quarter ended June 30, 2009 compared to $51.9 million for the same quarter of 2008. Net income for the quarter was $0.7 million or $0.01 per diluted share, compared to $6.1 million or $0.08 per diluted share for the 2008 second quarter. EBITDA (earnings before interest, income taxes, depreciation and amortization; see the reconciliation and rationale for this non-GAAP financial measure below) was $5.1 million or 10.9% of revenues for the quarter, compared to $9.3 million or 17.8% of revenues for the second quarter of 2008.
For ...
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