Thursday, November 09, 2006
Advanstar's Q3
Advanstar Reports Results for the First Nine Months and Third Quarter of 2006
Advanstar's Q3 results are in. In the first nine months of 2006, the company increased revenues 13% to $232.2 million. For the quarter, revenues were up 12% to $96 million.
Adjusted EBITDA for the first nine months was up 19% to $85.6 million. EBITDA increased 3% in the third quarter to $32.9 million.
The company shows a net loss of $700k for the first nine months, down from a net profit of $26.9 million for the same period last year. The differences here are due to accruals for contingent earnout payments related to acquisitions in the fashion arena, and the disappearance of income from discontinued operations in the prior year.
Total interest expense for the period dropped from $49.2 million to $41.2 million.
While the fashion segment continues to drive the majority of the company's growth, the power sports group is also growing well in both revenues and EBITDA, reaping the benefits of its prior launch activities.
Given the company's still high debt load, I'd say Advanstar continues to look pretty healthy.
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Advanstar's Q3 results are in. In the first nine months of 2006, the company increased revenues 13% to $232.2 million. For the quarter, revenues were up 12% to $96 million.
Adjusted EBITDA for the first nine months was up 19% to $85.6 million. EBITDA increased 3% in the third quarter to $32.9 million.
The company shows a net loss of $700k for the first nine months, down from a net profit of $26.9 million for the same period last year. The differences here are due to accruals for contingent earnout payments related to acquisitions in the fashion arena, and the disappearance of income from discontinued operations in the prior year.
Total interest expense for the period dropped from $49.2 million to $41.2 million.
While the fashion segment continues to drive the majority of the company's growth, the power sports group is also growing well in both revenues and EBITDA, reaping the benefits of its prior launch activities.
Given the company's still high debt load, I'd say Advanstar continues to look pretty healthy.
