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Accellent Inc. Announces Third Quarter 2009 Results.

Publication: Business Wire
Publication Date: 09-NOV-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Accellent Inc. Announces Third Quarter 2009 Results.(Financial report)

Article Excerpt
WILMINGTON, Mass. -- Accellent Inc. (the "Company"), a wholly owned subsidiary of Accellent Holdings Corp. ("Accellent"), today announced results for its fiscal third quarter ended September 30, 2009.

"We continued to improve profitability during the third quarter despite a decline in revenue. Adjusted EBITDA grew 9% from the same period a year ago, to $28.4 million. As a percent of sales, adjusted EBITDA was 24.1%, a new quarterly high for Accellent," said Jeremy Friedman, Executive Vice President and CFO of Accellent. "We remain focused on strengthening the fundamentals of our business to drive sustainable competitive advantage."

Third Quarter 2009 Financial Results

Net sales decreased 12.6% to $117.8 million in the third quarter of 2009 compared with $134.7 million in the third quarter of 2008. Income from operations was $14.3 million in the third quarter of 2009, compared to $13.5 million in the third quarter of 2008....

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