This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:IESI-BFC increases Q3 earnings to $19.1-million (U.S.) 2009-10-29 16:43 ET - News Release Mr. Keith Carrigan reports
IESI-BFC LTD. ANNOUNCES STRONG RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2009
IESI-BFC Ltd. has released financial results for the three and nine months ended Sept. 30, 2009. (All amounts are in U.S. dollars, unless otherwise stated.)
Management commentary
Revenue totalled $268.4-million in the quarter compared with $282.2-million in the year-ago period. Holding foreign currency exchange (FX) constant, revenue in the third quarter would have totalled $274.7-million. Operating income was $37.0-million compared with $33.8-million in the third quarter of 2008. Excluding the impact of FX, operating income would have been $38.6-million, an increase of 14.3 per cent over the year ago period. Operating income before amortization, or EBITDA (earnings before interest, taxes, depreciation and amortization), for the quarter, was $78.9-million, or 29.4 per cent of revenue, compared with $80.7-million, or 28.6 per cent of revenue, in the third quarter of 2008. Holding FX constant, EBITDA for the third quarter of 2009 would have been $81.4-million.
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