EveryWare Turns Net Loss into Net Gain in Q1
May 6, 2013,
NEW YORK-EveryWare Global's financial results improved in its first quarter, which ended on March 31.
According to a preliminary report on the quarter, EveryWare posted net income of $197,000, compared to a net loss of $6.3 million in the first quarter of last year. Total revenue increased 3.1 percent to $99.3 million. The company also reported a 58.1 percent gain in operating income (earnings before interest, taxes, depreciation and amortization) to $9.1 million.
EveryWare was formed by the merger of Anchor Hocking and Oneida in March 2012. In January of this year, the company announced its plans to merge with ROI Acquisition Corp., a special-purpose acquisition company sponsored by affiliates of Clinton Group.
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