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Article: Boots & Coots Reports Third Quarter Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- November 9, 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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HOUSTON -- Boots & Coots, Inc. (NYSE: WEL), announced revenues of $40.3 million for the quarter ended September 30, 2009 compared to $56.5 million for the same quarter of 2008. Net income for the quarter was $0.8 million or $0.01 per diluted share, compared to $5.4 million or $0.07 per diluted share for the 2008 third quarter. EBITDA (earnings before interest, income taxes, depreciation and amortization; see the reconciliation and rationale for this non-GAAP financial measure below) was $6.6 million or 16.5% of revenues for the quarter, compared to $10.2 million or 18.0% of revenues for the third quarter of 2008.
For the nine months ended September 30, 2009, Boots ...
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