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Published on 9/24/2013 in the Prospect News Distressed Debt Daily.

Exide posts $1.52 million operating income for August; net sales rise

By Jim Witters

Wilmington, Del., Sept. 24 - Exide Technologies Inc. posted operating income of $1.52 million for August on net sales of $88.6 million, according to the company's monthly operating report filed Sept. 23 with the U.S. Bankruptcy Court for the District of Delaware.

Those figures compare to $190,000 of operating income for July on $86.68 million in net sales.

The net loss for August was $24.22 million, compared to $12.36 million in July.

The company also reported cash and cash equivalents of $9.51 million as of Aug. 31, up from $6.14 million at the end of July.

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.


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