Tandus reports upbeat quarterly and first half results

Tandus Group has reported earnings for the second quarter (13 weeks) and six months year to date (26 weeks) ended July 31 for its Collins & Aikman Floorcoverings Inc. and subsidiaries.

For the second quarter 2004, revenues were $99.6 million compared to $93.9 million for the prior year. Selling, general and administrative expenses were $20.1 million compared to $19.5 million for the prior year. Adjusted EBITDA was $22.1 million compared to $18.2 million for the prior year. As a percentage of sales, adjusted EBITDA margin for the period was 22.2 percent vs. 19.4 percent for the prior year.