Chattem Q1
This article was originally published in The Rose Sheet
Executive Summary
Selsun blue, Gold Bond and Icy Hot contribute to 4.8% increase in revenues in the fiscal first quarter to $61.2 mil., the firm reports March 18. Sales of Selsun Blue jumped 13% in the quarter over the year ago period due to a strong marketing campaign and initial shipments of a new conditioner, while net sales of Gold Bond grew 2% led by a double-digit increase from the lotion, cream and foot segments, Chattem says. Strong results of some brands were offset by a 47% year over year decline in sales of Dexatrim diet pills. Chattem completed refinancing of $210 mil. of long term debt during the period. EBITDA excluding debt extinguishment charges for the quarter was $16.2 mil., up 19.1%. The firm recorded a net loss of $712,000 versus income of $4.6 mil. a year ago...