- Reported sales decreased by 9.9%, and excluding the impact of foreign currency, sales decreased 15.8% compared to fourth quarter 2008. For the full year 2009, reported sales decreased 5.3%, and decreased 1.2% excluding the impact of foreign currency.
- EBITDA was $9.4 million in the fourth quarter 2009 compared to Adjusted EBITDA of $10.5 million in the same quarter last year. For the full year 2009, EBITDA was $47.1 million compared to Adjusted EBITDA of $47.7 million in 2008. See the reconciling table at the end of this release.
- Debt, net of cash was $68.5 million at the end of fourth quarter 2009, a reduction of $10.2 million during the quarter and a reduction of $22.9 million for the year.
- Provision for Income Taxes includes a $5.3 million expense in the fourth quarter 2009 related to an ongoing audit of a European subsidiary.
- Net Loss was $2.8 million in the fourth quarter 2009 compared with $1.0 million for the fourth quarter 2008. Net Income was $10.4 million for the full year 2009 compared to $7.9 million in 2008.
Cambrex Reports Fourth Quarter And Full Year 2009 Results
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