Coinmach Service Corp. Announces Filing of Annual Report on Form 10-K for Fiscal 2006
2006年6月15日 - 7:30AM
ビジネスワイヤ(英語)
Coinmach Service Corp. (the "Company") (Amex: DRA, DRY), a leading
supplier of outsourced laundry equipment services for multi-family
housing properties in North America, today announced the filing
with the Securities and Exchange Commission of its annual report on
Form 10-K for the 2006 fiscal year. Subsequent to the Company's May
23rd press release and related conference call, management
identified approximately $2.0 million of miscellaneous tax items,
consisting primarily of state franchise taxes, that were included
in the calculation of consolidated tax expense. Specifically, the
Company classified such items in consolidated tax expense as
distinct from consolidated operating expenses. As a result,
quarterly and fiscal year ended March 31, 2006 operating income,
EBITDA (earnings before deduction of interest, depreciation and
amortization expense), and consolidated tax expense were reduced by
this amount. These reclassifications have no impact on the
Company's consolidated cash flow, consolidated net loss or earnings
per share. The financial information set forth in the 10-K properly
accounts for this reclassification. Coinmach Service Corp., through
its operating subsidiaries, is a leading supplier of outsourced
laundry equipment services for multi-family housing properties in
North America. Coinmach's core business involves leasing laundry
rooms from building owners and property management companies,
installing and servicing laundry equipment and collecting revenues
generated from laundry machines.
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