Exide Technologies reports $4.9 million of February operating income

By Kali Hays

New York, March 19 - Exide Technologies Inc. posted $4.9 million of operating income for February on net sales of $84.97 million, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

Those numbers compare to $1.64 million in operating income reported for January on net sales of $101.01 million.

The net loss for February was $6.71 million, narrowing from $18.45 million net loss reported for January.

The company also reported cash and cash equivalents of $5.97 million at the end of February, down from $6.97 million as of Jan. 31.

Exide Technologies, a Milton, Ga.-based maker and recycler of lead-acid batteries, filed for bankruptcy on June 10, 2013. Its Chapter 11 case number is 13-11482.

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