For the fourth consecutive year, the Company delivered record first quarter consolidated adjusted EBITDA, a non-GAAP measure, in fiscal 2013 of $130.7 million, a 4.5 percent increase versus consolidated adjusted EBITDA of $125.1 million in the prior year period. This year’s adjusted EBITDA included $3.2 million from HHI and $3.0 million from the FURminator® acquisition completed on December 22, 2011. Adjusted EBITDA as a percentage of net sales in the first quarter improved to 15.0 percent compared to 14.7 percent last year. EBITDA is a non-GAAP measurement of profitability which the Company believes is a useful indicator of the operating health of the business and its trends.Fiscal 2013 First Quarter Segment Level Data
Spectrum Brands Holdings Reports Record Fiscal 2013 First Quarter Results, Reiterates Outlook For Fourth Consecutive Year Of Record Performance From Legacy Business
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