For the 12 months ended Dec 31, 2000, Versacold Corp reported revenue of $128.4 million, up $8.2 million from 1999 revenue of $120.2 million. Direct profit
For the 12 months ended Dec 31, 2000, Versacold Corp reported revenue of $128.4 million, up $8.2 million from 1999 revenue of $120.2 million. Direct profit contribution increased by $1.5 million to $31.8 million from $30.3 million in 1999. EBITDA in 2000 was $22.6 million, compared with $21.5 million in 1999. Cash flow from operations was $6.6 million, below $9.1 million for 1999. Net income was $0.9 million, down from $1.4 million in 1999. Free cash flow fell to $11.1 million from $11.6 million.
For the three months ended March 31, 2001, revenue rose by 6% to $30.4 million from $28.8 million for first-quarter 2000. Direct profit contribution dropped by $0.6 million to $7.6 million from $8.2 million for the same period in 2000. EBITDA also dropped by $0.6 million, to $5.4 million from $6.0 million. Cash flow decreased $0.8 million from $2.4 million to $1.6 million. Net losses were $0.2 million, down from a profit of $0.3 million in the comparable period in 2000. At $2.0 million, free cash flow was down from $0.2 million in the corresponding period in 2000.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Downtime is expensive. This guide shows you how to keep your eet running, reduce repair surprises, and protect your margins—because when your trucks aren’t moving, you’re not...
Learn how fast oil changes can optimize vehicle downtime for fleet owners. Improve revenue and employee productivity while ensuring customer satisfaction with efficient maintenance...
Commercial fleets bear a heavy burden from economic uncertainty, operational costs, and litigation risks. In-cabin video technology offers opportunities to reduce fleet expenses...