Coinmach Service Corp. Reports Preliminary Revenue and EBITDA.PLAINVIEW Plainview. 1 Uninc. city (1990 pop. 26,207), Nassau co., SE N.Y., on Long Island. It is chiefly residential. 2 City (1990 pop. 21,700), seat of Hale co., NW Tex., on the Llano Estacado; inc. 1907. , N.Y. -- Coinmach Service Corp. (Amex: "DRY") (the "Company"), through its operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , is a leading supplier of outsourced laundry Laundry can be:
Before industrialization equipment services for multi-family housing properties in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The Company announced today its preliminary results for the three month and the nine-month periods ended December December: see month. 31, 2005. The Company reported Revenue and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become (excluding transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). associated with its recent capital markets transactions) for the three month period ended December 31, 2005 to be approximately $138.3 million and $41.4 million, respectively. The Company reported Revenue and EBITDA (excluding transaction costs associated with its recent capital markets transactions) for the nine-month period ended December 31, 2005 to be approximately $404.5 million and $120.6 million, respectively. The Company reported capital expenditures for the three month and nine month period ended December 31, 2005 to be approximately $16.2 million and $52.8 million, respectively. The Company plans to distribute its full third quarter financial results after the market close on Thursday, February 9, 2006. Coinmach has scheduled a conference call to discuss its financial results at 10:00 a.m. Eastern Standard Time on Friday, February 10, 2005. Interested parties may access the teleconference via a webcast on Coinmach's Investor Relations Investor relations The process by which the corporation communicates with its investors. page, www.coinmachservicecorp.com, or by dialing 1-866-825-3209 (1-617-213-8061 for international callers) and using the pass code 78853884 at least five minutes before the start of the call. The call will be open to the public with a question and answer session at the end of the call. A replay of the conference call will be available for 7 days on Coinmach's Investor Relations page. This press release is for informational purposes only and does not constitute an offer to buy or sell any securities or a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy or sell any securities, nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. The statements contained in this press release reflect the Company's current expectations with respect to the future performance of the Company and may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates", "plans" or similar terms to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the SEC over the last 12 months, copies of which are available from the SEC or may be obtained from the Company. |
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