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.
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