Business Wire (October 22, 1999)
Permanent Link:
http://vlex.com/vid/penton-climb-modest-timing-jumps-54-52673121
Id. vLex: VLEX-52673121
Acceda a este documento
y pruebe vLex GRATIS durante 3 días
Penton Revenues Climb 32.7% in Third Quarter, 29.4% for First Nine Months; EBITDA Growth Modest in Quarter Due to Show Timing, Year-to-date EBITDA Jumps 54.2%.
CLEVELAND--(BUSINESS WIRE)--Oct. 21, 1999--
Fall Show Results Very Strong Penton Media, Inc. (NYSE:PME) today said its revenues for the third quarter grew 32.7% to $70.1 million versus third quarter 1998, while EBITDA (earnings before interest, taxes, depreciation and amortization) reached $7.3 million, a 5.8% increase over third quarter 1998. EBITDA growth in the quarter was modest as period costs for Penton's full trade show portfolio were expensed during the quarter, which traditionally has a light schedule of trade shows and associated revenues. Revenues for the nine-month period ended September 30 grew 29.4% to $212.8 million, while EBITDA expanded 54.2% to $34.9 million on the strength of second-quarter t...Try vLex for FREE for 3 days
Access legal information from United States including:
Try vLex without any commitment for 3 days and see why you need it.
3
days of Free Access
If you are already a vLex customer, Access Here