Tandus Group Inc.,
which includes Collins & Aikman Floorcoverings Inc. and Subsidiaries, reported
earnings for the first quarter (13 weeks) ended April 26, 2003.
Revenues for the 13 weeks were $71.6 million compared
to $66.4 million for the prior year. Selling, general and administrative expenses were $19 million compared to $17.4 million for the prior year. Adjusted EBITDA for the 13 weeks was $10.2 million compared to $9.4 million for the prior year. As a
percentage of sales, Adjusted EBITDA margin was 14.2 percent compared to 14.1 percent for the prior year.