Exide posts $1.13 million operating loss for September; sales improve

By Jim Witters

Wilmington, Del., Oct. 31 - Exide Technologies Inc. posted a $1.13 million operating loss for September on $120.95 million in net sales, according to the company's monthly operating report filed Oct. 31 with the U.S. Bankruptcy Court for the District of Delaware.

Those figures compare to operating income of $1.52 million for August on net sales of $88.6 million.

The net loss for September was $3.59 million, compared to $24.22 million in August.

The company also reported cash and cash equivalents of $33.35 million as of September 30, up from $9.51 million at the end of August.

Exide Technologies, a Milton, Ga.-based maker and recycler of lead-acid batteries, filed for bankruptcy on June 10. Its Chapter 11 case number is 13-11482.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.