First Quarter 2012 Results
For the three months ended March 31, 2012, Swisher Hygiene reported total revenue from continuing operations of $58.2 million, a 171% increase from $21.5 million in the prior-year period. Hygiene revenue from company-owned operations, excluding acquisitions, increased 19% from the prior-year period.
Total costs and expenses for the three months ended March 31, 2012 increased by 134% to $70.9 million, compared to $30.3 million in the prior-year period. Excluding the impact of acquisition and merger expenses in both periods, and $1.9 million of investigation and review-related expenses in the three months ended March 31, 2012, total costs and expenses increased 61% from the prior-year period.
For the three months ended March 31, 2012 and 2011, respectively:
|Q1 2012||Q1 2011|
|Cost of sales as a % of revenue||43.4%||38.4%|
|Route expense as a % of revenue||18.2%||24.0%|
|SG&A expense as a % of revenue||51.5%||63.0%|