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Fedders reports negative $1.93 million September EBITDA
By Caroline Salls
Pittsburgh, Nov. 26 - Fedders Corp. reported a negative $1.93 million EBITDA for September on $7.16 million in net sales, according to its monthly operating report filed Monday with the Securities and Exchange Commission.
For the period of Aug. 22 to Aug. 31, the company posted a $229,000 EBITDA on $4.48 million in net sales.
The operating loss for September was $3.04 million, and the net loss was $4.32 million. The figures show a decline from a $22,000 operating income and $686,000 net loss for the August period.
Cash on Sept. 30 was $5.13 million, compared with $6.07 million on Aug. 31.
Fedders, a Liberty Corner, N.J., producer and marketer of air treatment products, filed for bankruptcy on Aug. 21 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 07-11176.
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