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Remy International, Inc. Announces 1st Quarter 2009 Results
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5.18.2008 - PENDLETON, Ind. /PRNewswire/ -- Remy International, Inc., a leading worldwide manufacturer, remanufacturer, and distributor of heavy duty systems, starters and alternators, locomotive products and hybrid technology, announced today its operating results for the first quarter ended March 31, 2009. Sales for the quarter were $212.4 million compared to $301.1 million a year earlier. Earnings before interest, taxes, depreciation, amortization, and restructuring charges (EBITDAR) for the quarter were $14.7 million compared to $19.4 million in the first quarter of 2008. Gross profit less SG&A was $7.4 million in the first quarter of 2009 compared to $13.0 million in the first quarter of 2008. The net loss attributable to Remy International in the quarter was $7.9 million, compared to 2008's first quarter's net loss of $6.6 million.
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