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International Segment Boosts EveryWare Global Q3 Revenue

Wednesday October 30th, 2013 - 10:00AM


EveryWare Global, Inc. has announced that total revenue for the third quarter, ended September 30, increased 6.7% to $110.3 million. International segment revenue in the third quarter increased 79.9% to $13.1 million versus the prior year period.

Excluding currency fluctuation, international segment revenue increased by 83.5% for the third quarter of 2013. EBITDA increased 33% to $8 million versus the prior year period. Adjusted EBITDA decreased 1.6% to $9 million versus the prior year period. Net loss totaled $1.1 million.

“During the third quarter we continued delivering top line revenue growth in the face of a challenging business environment. We were able to do this by securing new key customer wins in underserved channels within our consumer segment, building our international and specialty segments, and continuing to identify significant cross-selling opportunities in our foodservice segment,' John Sheppard, EveryWare’s CEO, said. "I’m also very excited about the strong growth in our international segment given the significant potential we have for leveraging our brand values globally. We also identified meaningful efficiency enhancements within our glass manufacturing operation allowing us to free up capital to further invest in both accretive organic growth and acquisition opportunities.”" 

EveryWare Global reported that its total revenue in the nine months ended September 30, 2013 increased 4.2% to $310.5 million versus the prior year period. Excluding currency fluctuation, total revenue increased by 4.3% for the same time period. International segment revenue increased 32.8% to $31.1 million versus the prior year period. Excluding currency fluctuation, international segment revenue increased by 35.2% for the nine months ended September 30, 2013. EBITDA for the nine months increased 32.1% to $30.9 million versus the prior year period. Adjusted EBITDA increased 1.8% to $36.5 million versus the prior year period. Net loss for the nine months ended September 30, 2013 totaled $3.1 million.