Net Sales Decrease Roughly Five Percent at Associated Materials in Second QuarterAugust 16th, 2011 | Category: Industry News
Net sales for Associated Materials LLC for the second quarter ended July 2, 2011, were $310.5 million, a 5.4-percent decrease from net sales of $328.3 million for the same period in 2010. Adjusted EBITDA was $34.2 million for the second quarter of 2011 compared to $46.7 million for the same period in 2010.
“While we continue to experience lower than expected sales volumes, we continue to be optimistic about the long-term prospects of AMI once our end markets stabilize and return to normal levels of remodeling and new home construction.,” says Dana Snyder, interim chief executive officer.
“Our operating results reflect the challenging conditions that continue to exist in both the remodeling and new construction markets. While these challenging conditions are expected to continue throughout the remainder of 2011, we continue to focus on enhancing the quality, service and value that we deliver to our customer.