UCI Holdings Reports First-Quarter Results

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UCI Holdings Reports First-Quarter Results

Counterman Staff
By Counterman Staff

EVANSVILLE, Ind. — UCI Holdings Limited, the parent company of UCI International Inc., announced results for the first quarter ended March 31, 2011.

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Combined net sales for Holdings and UCI of $245.6 million for the three months ended March 31, 2011, was up $15.3 million, or 6.6 percent, compared to the year-ago quarter. The company, a leading manufacturer of vehicle replacement parts, reported that net sales increased in the retail, OEM and heavy duty channels, with a decline in the traditional and OES (new car dealer service) channels.

Combined earnings before interest, taxes, depreciation and amortization (EBITDA), as adjusted, was $36.1 million for the first quarter, compared with $40.7 million for the year-ago quarter.

As of March 31, 2011, the company’s cash on hand was $47.5 million, and total debt was $698.8 million.

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