Collins & Aikman to Participate in High Yield Conference
October 06 2004 - 5:01PM
PR Newswire (US)
Collins & Aikman to Participate in High Yield Conference TROY,
Mich., Oct. 6 /PRNewswire-FirstCall/ -- Collins & Aikman
Corporation (NYSE:CKC) will participate in Deutsche Bank's 12th
Annual Global High Yield Conference in Scottsdale, Arizona on
Thursday, October 7, 2004. At the conference, Collins & Aikman
will discuss previously disclosed information and state that,
consistent with its previous indications, the company expects its
Third Quarter of 2004 to be the fifth consecutive quarter of
improvement in EBITDA before restructuring and impairment charges,
despite increased commodity costs and OEM production cuts. The
company's presentation material for this conference will be
available in advance through its web site at
http://www.collinsaikman.com/ . EBITDA is defined as operating
income plus depreciation and amortization. Management considers
EBITDA to be a key measure of performance as it is commonly
utilized in the industry to analyze operating performance. EBITDA
should not be construed as income from operations, net income
(loss) or cash flow from operating activities as determined by
generally accepted accounting principles. Other companies may
calculate EBITDA differently. Collins & Aikman Corporation, a
Fortune 500 company, is a global leader in cockpit modules and
automotive floor and acoustic systems and a leading supplier of
instrument panels, automotive fabric, plastic-based trim and
convertible top systems. The company's current operations span the
globe through 16 countries, more than 100 facilities and nearly
24,000 employees who are committed to achieving total excellence.
Collins & Aikman's high-quality products combine superior
design, styling and manufacturing capabilities with NVH "quiet"
technologies that are among the most effective in the industry.
Information about Collins & Aikman is available on the Internet
at http://www.collinsaikman.com/ . DATASOURCE: Collins & Aikman
Corporation CONTACT: J. Michael Stepp, Vice Chairman & CFO,
+1-248-824-1520, , or Robert Krause, Vice President and Treasurer,
Head of Investor Relations, +1-248-733-4355, , both of Collins
& Aikman Corporation Web site: http://www.collinsaikman.com/
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