Due primarily to a valuation reserve of approximately $40.0 million established against its deferred tax asset, Diamond Triumph experienced a $41.2 million net loss in 2004 as compared to $0.8 million of net income in 2003. EBITDA for the year ended December 31, 2004 decreased $3.3 million, or 27.5%, to $8.7 million from $12.0 million for year ended December 31, 2003.Diamond Triumph Auto Glass, Inc. announced that net sales for the year ended December 31, 2004 decreased $10.3 million, or 4.7%, to $208.4 million as compared to $218.7 million for the year ended December 31, 2003. Due primarily to a valuation reserve of approximately $40.0 million established against its deferred tax asset, Diamond Triumph experienced a $41.2 million net loss in 2004 as compared to $0.8 million of net income in 2003. EBITDA for the year ended December 31, 2004 decreased $3.3 million, or 27.5%, to $8.7 million from $12.0 million for year ended December 31, 2003.
Diamond Triumph Auto Glass, Inc. Announces 2004 Results
Diamond Triumph Auto Glass, Inc. announced that net sales for the year ended December 31, 2004 decreased $10.3 million, or 4.7%, to $208.4 million as compared to $218.7 million for the year ended December 31, 2003.