CHARLOTTE, N.C., Nov. 12, 2013 (GLOBE NEWSWIRE) -- Swisher Hygiene Inc. ("Swisher") (Nasdaq:SWSH) (TSX:SWI), a leading provider of essential hygiene and sanitizing products and services, announced today results for the three-month and nine-month periods ended September 30, 2013. All amounts in this news release are in United States dollars.
Third Quarter 2013 Highlights
- Total revenue from continuing operations of $55.9 million for the third quarter of 2013, a 5% decrease compared to the third quarter of 2012 and a 1% increase compared to the second quarter of 2013.
- Adjusted EBITDA loss of $3.3 million for the third quarter of 2013, based on a net loss from continuing operations of $13.2 million, as compared to an Adjusted EBITDA loss of $2.3 million for the third quarter of 2012 and an Adjusted EBITDA loss of $4.7 million for the second quarter of 2013. For a reconciliation of non-GAAP to GAAP measures, please review the disclosures and table included with this release.
- Basic and diluted loss per share from continuing operations of $0.07 for the third quarter of 2013, compared with basic and diluted loss per share from continuing operations of $0.08 in the third quarter of 2012 and second quarter of 2013.
"Our third quarter 2013 results show that while we are moving in the right direction, we still have a significant task ahead of us to accelerate our growth and further improve our overall operations," said William M. Pierce, President and Chief Executive Officer of Swisher. "Our aim to achieve $15 million in annualized expense savings remains intact, but we expect it will take additional time to realize that goal. Our immediate focus must be on improving and optimizing operations across the board, winning new business, further strengthening our customer service and completing the simplification of our business model."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV